Nationwide Super Update
Changes for the better for your employees
Nationwide Super has entered a new era, with the merging of its business with Russell Investments now complete.
Russell Investments is a global asset management firm, founded in 1936. Worldwide, the firm has some A$390bn of funds under management.
This arrangement will provide immediate and improved benefits for ALL Nationwide members, including:
- Reductions in management fees
- Access to a wider range of investment options, and
- An improved suite of tools and services to help employees better manage their super savings From 1 December 2018, the super account of your employees has transferred to the Russell Investments Master Trust. Trainers should immediately provide their payroll officer with updated details for contributions made to Nationwide Super via their clearing house provider. Most of the details required by you to manage your super obligations will stay unaltered, however, the key changes to your payroll system are described below:
|Fund name:||Russell Investments Master Trust|
|Fund ABN:||89 384 753 567|
|Contributions via BPAY ®||Biller Code: 185900 (unchanged)|
|Customer Reference Number (CRN)||will be changing and available via EmployerAccess|
|Contribution Via Direct Credit/EFT||NO PAYMENTS ACCEPTED (utilise BPAY option)|
|Postal address:||Locked Bag A4094, Sydney South NSW 1235|
|Nationwide Super Fund Trustee:||(changed to) Total Risk Management Pty Ltd|
|Superannuation Fund Number (SFN):||510 893 033|
For more information
The ATA’s Industrial Relations Manager is contactable on (03) 9372 1688, or email firstname.lastname@example.org should Members require further assistance.