Last year REI Super reported in the Fund’s audited accounts that during the year ended 30 June 2019, performance discrepancies had been identified within the Fund’s cash and Australian bonds investment holdings.
The impact on Fund members as a whole is minimal. However, members who were affected by the discrepancy will be receiving a credit to their account. The average estimated credit is less than $60 per member.
If you have been affected by this discrepancy, the actual credit amount will appear in your annual Member Benefit Statement for the year ending 30 June 2020.