HESTA Super Fund for Your Retirement Savings

HESTA is a super fund designed to help you achieve your retirement goals. It's a self-managed super fund, which means you have control over your investments.

As a government-owned fund, HESTA is known for its stability and low fees. This means you can keep more of your hard-earned money in your super account.

HESTA offers a range of investment options, including a balanced option that's designed to provide a stable return over the long term. This option is a great choice for those who want to minimize risk.

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HESTA is a superannuation fund that provides retirement savings solutions to its members, with a strong focus on investment and returns.

It's a not-for-profit fund, meaning that any profits are reinvested into the fund to benefit its members.

HESTA has been in operation since 1989 and has over 850,000 members, making it one of the largest superannuation funds in Australia.

Its members include public sector employees, as well as other individuals and employers.

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HESTA offers a range of investment options to suit different risk tolerances and investment goals. You can choose from 10 different ways to invest your super, including ready-made, diversified investment funds and sector-specific options that are more concentrated on a particular asset class.

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HESTA also offers a sustainable investment option, Sustainable Growth, for members who want their super to be invested more ethically. This option is a great choice for those who want to align their investments with their values.

You can access a Transition to Retirement (TTR) Income Stream or a Retirement Income Stream to receive regular payments from your super while the balance remains invested.

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When you're considering your investment options, it's essential to understand who you're working with. HESTA Super is a great example of a superannuation provider that's dedicated to serving its members' needs.

HESTA Super has a significant presence in the market, having merged with Mercy Super in 2022 and absorbing its members and funds under management. This merger has enabled HESTA Super to expand its services and investment solutions.

HESTA Super's head office is based in Melbourne, Victoria, and it serves members across the country.

HESTA offers a range of investment options to suit different risk tolerances and investment goals. You can choose from various asset classes, including cash and term deposits, diversified bonds, property and infrastructure, international shares, and Australian shares.

The Your Choice investment options allow you to split your super balance between seven asset classes as you wish. This includes cash and term deposits, diversified bonds, property and infrastructure, international shares, Australian shares, and other options.

HESTA's investment options have different fee structures. For example, the Balanced Growth option has an admin fee of $52, an admin fee percentage of 0.15%, and an admin fee cap of $750.

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Here's a comparison of the fees for some of HESTA's investment options:

HESTA's Sustainable Growth option has a higher percentage of growth assets, at 72%, and is classified as an ESG (Environmental, Social, and Governance) investment. This option has a slightly higher investment fee and cost compared to the Balanced Growth option.

HESTA's investment options also include a TTR (Transition to Retirement) pension option, which allows you to access a portion of your super while still working. This can be a useful option for those approaching retirement or wanting to supplement their income.

HESTA Super Fund is an industry superannuation fund dedicated to providing retirement outcomes for workers primarily working in the health and community services sector. It's based in Melbourne, Victoria, and serves members across the country.

HESTA Super Fund has made a commitment to reducing the absolute carbon emissions of its investment portfolio by 33% by 2030 and to net zero by 2050. This is a significant step towards mitigating climate change risk and ensuring sustainable returns for its members.

In June 2020, approximately 9% of HESTA's total assets under management were in low carbon or climate resilient investments. This is a notable investment in the low carbon economy.

HESTA's head office is based in Melbourne, Victoria, and serves members across the country. This physical presence allows for direct engagement and collaboration with its members and partners.

Here are some key ratings from Finder's 2024 Customer Satisfaction Awards:

HESTA Super Fund's commitment to climate action and sustainability has earned it recognition as a leader in the industry. Its dedication to driving meaningful change and advocating for its members is truly commendable.

When you join HESTA, you'll automatically get death and income protection cover, but you can opt out if you wish. You can also cancel these covers at any time after your account is opened.

HESTA provides a range of insurance options to suit your needs, including total and permanent disablement (TPD) cover, which you can apply for if you wish.

Here are the types of insurance available with HESTA:

You can tailor your insurance covers to better suit your needs, and you can also opt out of the automatic covers if you prefer.

HESTA offers a range of pension options, including the transition-to-retirement (TTR) pension.

This type of pension allows you to access a portion of your superannuation savings while still working.

Insurance options are available through your super fund, and HESTA is one such provider.

HESTA offers life insurance, total and permanent disablement (TPD) cover, and income protection cover.

You can opt out of automatic death and income protection cover when you join HESTA, or cancel it at any time after your account is opened.

To tailor your insurance to your needs, you can apply for lump-sum total and permanent disablement (TPD) cover.

Here are the types of insurance cover available with HESTA super:

HESTA's administration details are managed by H.E.S.T. Australia Ltd., the fund's RSE licensee.

The fund is structured as an industry super fund, which means it's open to the general public with a public offer status.

HESTA's expenses ratio is relatively low, with investment expenses at 0.3% and operating expenses at 0.3%, compared to the average of 0.18% and 0.49% respectively.

The fund's board structure is owned by a nominating organisation, which ensures equal representation. HESTA's profit status is not for profit, aligning with its charitable goals.

Here's a breakdown of HESTA's board composition:

The total remuneration of HESTA's directors on the trustee board is $1,326,000, with an average remuneration of $95,000 per director.

If you've decided that HESTA's super account is right for you, you can apply online by filling out the application form.

You can start the application process online, which makes it a convenient and hassle-free experience.

To begin, you'll need to fill out the application form, which is a straightforward process that requires some basic information about yourself.

HESTA's super account is a great option for those looking for a reliable and secure investment option.