Media release: 18 September 2023
REI Super announces two new Member Elected Directors
REI Super, the first dedicated super fund for real estate established in Australia with a 9.45% net investment return on its Balanced (MySuper) option for the year ended 30 June 2023, is one of only a few industry funds to have Member Elected Directors on their Board of Trustees.
A call for nominations from the Fund’s membership to fill three Member Elected Director positions resulted in an uncontested nomination for the Queensland and Northern Territory electorate. However, elections were required for the New South Wales & Australian Capital Territory, and Victoria & Tasmania electorates.
The election process to fill the contested positions concluded on Friday 8 September 2023.
REI Super’s Independent Chair, Claire Higgins today announced the three successful candidates:
- Tim Lawless – QLD & NT electorate
Tim is the Executive Research Director Asia Pacific for CoreLogic with 20 years of experience in the role. Tim is recognised as a leading authority on residential property and regularly provides expert commentary on real estate market conditions and the interplay between housing markets, demographic trends, and economic factors.
“I am deeply honoured and enthusiastic to assume my role on the REI Super board. I’m looking forward to the opportunity of making a meaningful contribution towards the financial wellbeing of fund members, collaborating with my fellow board members and the executive team, and further enhancing the overall value proposition of REI Super.”
- Tim McKibbin – NSW & ACT electorate
Tim is the CEO of the Real Estate Institute of New South Wales with over 16 years of experience in this role and prior to that was REINSW’s Legal Counsel for three years. Tim regularly provides the voice of the real estate industry in NSW to the state government and the media.
“Being on the Board of REI Super is a great honour, it will also come with great responsibilities. REI Super has a proud history of delivering high quality outcomes for its members. I’m looking forward to the challenge.”
- Richard Simpson – VIC & TAS electorate
Richard was appointed as a Member Elected Director of the board in October 2019. Richard is a Director and immediate past president of the Real Estate Institute of Victoria, the current Senior Vice President of the Real Estate Institute of Australia, and a 5th generation real estate professional, working out of his family run agency W.B. Simpson & Son, located in North Melbourne for the past 20 years.
“I feel honoured to be re-elected by the REI Super members for a second term as a Director of REI Super. I am very excited to have the opportunity to continue the excellent work of our Board and Management team with our continued focus on improving member engagement, reducing fees and most importantly maintaining the strong performance of our investment portfolio.
Claire Higgins expressed her congratulations to the three gentlemen who will hold office as Member Elected Directors for a four-year term from 1 October 2023.
“Having Member Elected Directors on our Board means that our members have an opportunity to influence the leadership of their Fund. They enhance the understanding and representation of our membership and bring a wealth of knowledge of the real estate industry,” said Higgins.
Higgins went on to say, “The board are excited to welcome our two newly appointed Directors and the re-election of Richard as we continue to strive to achieve better retirement outcomes for our members and remain a top performing fund”.
REI Super will also farewell two Member Elected Directors who have made significant contributions over lengthy periods of time in Jonathan Blocksidge and Dianne Helmich who will be concluding their terms as of 30 September 2023.
Higgins went on to thank Jonathan and Dianne for their dedication and untiring efforts. She said “REI Super has benefited from Jonathan and Dianne’s commitment, knowledge, and expertise during their time with the Fund. Jonathan provided leadership particularly in the area of risk governance, whilst Dianne led our claims committee in supporting the Fund and our members. As Member Elected Directors, they were both tireless in driving our actions towards achieving better retirement outcomes for our members. We thank them both very much and wish them both the good health and happiness.”.
REI Super’s Balanced (MySuper) option achieved a net investment return of 9.45%, while its Growth option achieved a net investment return of 13.77% for the year ending 30 June 2023.
About REI Super
REI Super is Australia's first dedicated super fund for the real estate industry with over 23,000 members and more than $2 billion in funds under management. The fund is public offer, and open to anyone, with a focus on those working in real estate and property related businesses across Australia.
REI Super provides a range of superannuation services, including super and retirement investment options, as well as tailored Death, Total and Permanent Disablement and Income Protection insurance for members.
As an industry fund, REI Super offers professional investment management with lower fees, a record of strong returns, personalised service, and a choice of investment options.
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Past returns are no guarantee of future performance, and investment returns of one year should not be relied upon as any guide to future performance. Furthermore, you should not base your decision to invest in REI Super solely on past performance. Past earning rates are not an indicator of future earning rates. The investment returns of REI Super are not guaranteed, and the value of the investment may rise or fall. The information contained in this article does not constitute financial product advice. REI Super does not give any warranty to the accuracy, completeness or currency of the information provided. Although REI Super makes every reasonable effort to maintain current and accurate information, you should be aware that there is still the possibility of inadvertent errors and technical inaccuracies. REI Superannuation Fund Pty Ltd ABN 68 056 044 770, AFSL 240569, RSE L0000314 Trustee of REI Super (ABN 76 641 658 449), SPIN REI0001AU, RSE R1000412. MySuper unique identifier 76641658449129. This information may be general advice, which does not take into account your personal objectives, situation or needs. Before making a decision about REI Super, consider your financial requirements and refer to the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD). REI Superannuation Fund Pty Ltd ABN 68 056 044 770, AFSL 240569, RSE L0000314 Trustee of REI Super (ABN 76 641 658 449), RSE R1000412 MySuper unique identifier 76641658449129