INFORMATION BULLETIN – Nationwide Super Update / 19 December 2018

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:

 


New Details:

Fund name: Russell Investments Master Trust
Fund ABN: 89 384 753 567
Fund USI: TRM0001AU

 

Take Note:

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

If you have any questions or need any help, please call 1800 025 241 or email enquiries@nationwidesuper.com.au or visit nationwidesuper.com.au/russellinvestments

The ATA’s Industrial Relations Manager is contactable on (03) 9372 1688, or email ata@austrainers.com.au should Members require further assistance.