HOSTPLUS
David Elia - CEO
With our origins in the hospitality and tourism industries, Hostplus continues to evolve as the lifetime fund of choice for all Australians, delivering retirement income security to our members. From the products we provide and the services we deliver, to the investments we manage, we are proud of our heritage and reputation as one of Australia’s largest, consistently well-performing funds.* Hostplus is a proud Industry SuperFund Importantly, as an Industry SuperFund we’re run only to benefit our members. Unlike bank-owned and other retail funds, we don’t pay profits to shareholders. And other than the cost of running the Fund, all our profits are owned by and benefit our members, principally delivered through our net investment returns to members’ accounts. Another important and distinctive advantage that helps to keepmoremoney in our members’ pockets is that we work hard to keep our fund administration fees low. Low administration fees The administration fee we charge covers all administrative expenses in managing the Fund. That’s everything – employee wages, the rent for our offices, our marketing and communication costs and utilities. A key reason we’ve been able to maintain this low, simple and transparent fee for over 16 years is our unwavering cost discipline and focus on growth, which in turn achieves scale benefits for all members. In 2004 we elected to freeze our fund administration fee for non-retired members at just $1.50 per week – or $78 per year. And while doing so, we’ve been keen to also ensure that unlike many other competitor funds today, Hostplus does not charge an asset-based administration fee in addition to our simple, low-cost fixed administration fee.^ Putsimply,wedon’tbelieveourmembers’administration fee should increase simply because their balance does. Strong long-term returns With super, long-term performance matters. Despite periods of market volatility over the years, including the
unprecedented events of the 2019–20 financial year, our default Balanced (MySuper) option has delivered top quartile returns over 5,7, 10, 15 and 20 years to 30 June 2020.* Low admin fees + strong long-term returns = more super for you According to SuperRatings, based on a starting income of $50,000 and a starting super balance of $50,000, the average Industry SuperFund member is more than $51,374 better off than the average retail super fund member over the past 15 years. What’s more, if you were invested in Hostplus’ default Balanced (MySuper) option over that time, your super balance would be $56,151 higher than the average retail super fund member.° So, your future is in good hands with Hostplus. Want to learn more? Visit hostplus.com.au/low-fees to find out more about Hostplus’ low administration fees and competitive long-term returns. * SuperRatings Fund Crediting Rate Survey SR50 Balanced (60-76) index as at 30 June 2020. Consider the relevant HostplusProductDisclosureStatementavailableat hostplus. com.au and your objectives, financial situation and needs, which are not accounted for in this information, before deciding ifHostplus isappropriate for you. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a superannuation fund. ^ Source: According to Australian Prudential Regulation Authority (APRA) Annual fund-level Superannuation Statistics June 2019, issued 10 December 2019, Hostplus has the lowest administration fee out of the top 20 industry super funds (not for profit) based on total assets under management. Administration fees comparison using SuperRatings SMART fee calculator as at 30 June 2020, based on a super account balance of $50,000.
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