POWERED BY MOMENTUM MEDIA
AMIST Super rebrands to reach broader membership
AMIST Super, the superannuation fund for employees of the meat industry, has rebranded to reach a broader membership base.
From 9 October, the fund will be known as Australian Food Super and be open to any member regardless of their employment.
Chief executive, Murray Rutherford, said: “We’ve become the leading super fund in the meat industry because we have worked hard to understand our members and we’ve learnt a lot about the challenges they face.
“Our work isn’t done, we believe there are more people in Australia that we can help. People in similar walks of life, with similar challenges. It’s time, therefore, to expand our focus to help people working in other food industries – in the same way we have done for the meat industry.
“As Australian Food Super, we will continue to support our members from the day they join, through to entire working life and into retirement with competitive products and solid investment returns.”
The fund has been around for 35 years and has around 60,000 members.
For the 2022–23 financial year, its MySuper Balanced option returned 11.3 per cent.
But its Shares Option (formerly High Growth) failed to meet the 2023 APRA annual performance test.
Earlier this year, AMG Super rebranded as Acclaim Wealth; its MySuper investment option had failed the performance test in 2023, 2022, and 2021. In 2023, it was the only one of 64 MySuper products to fail the test.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
HESTA is celebrating its achievements in promoting gender parity across the ASX 300.
AustralianSuper is back in the headlines as a result of its sizeable exposure to Nvidia, with its CEO insisting DeepSeek hasn’t dented US exceptionalism.
Among the most significant issues within its regulatory remit, ASIC has highlighted unsuitable superannuation advice resulting in adverse consumer outcomes.
The superannuation industry has welcomed the government’s intent to develop service standards for all APRA-regulated superannuation funds in the areas of death benefit claims, insurance claims, and member communications.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Ausbil Active Dividend Income Dis AUD
127.58 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
