REI Super goes public offer

28 June 2016
| By Mike |
image
image
expand image

Real estate industry superannuation fund, REI Super has moved to go public offer. 

The fund announced today that it would become public offer from 1 July, opening it up to people not directly employed in the real estate industry. 

Confirming the move today, REI Super chief executive, Mal Smith said the change would open up membership of the fund to anyone, but particularly to existing members' spouses and family members, self-employed people in the industry, and those working closely with the industry, like valuers, conveyancers, marketers, and tradespeople.  

"REI Super grew out of the real estate industry, and we are the only industry fund specifically for the sector," he said. 

"We've grown with the industry and we are in step with its needs. We know it's a different industry to what it was when we started." 
Smith said growth in self-employment within the industry and in sectors associated with real estate meant that not everyone was attached to a participating employer any more.  

"We also want to ensure that existing members who wish their spouse or other family members to join their fund can do so," he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year ago
Kevin Gorman

Super director remuneration ...

1 year ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year ago

The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation ...

3 hours ago

Super funds had a “tremendous month” in November, according to new data....

4 days 2 hours ago

Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion....

4 days 7 hours ago