What the Researchers Say:

A "best value for money" superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

You should contact your financial adviser or this fund before making an investment decision.

  • MySuper Platinum
  • MySuper of the Year Finalist
  • Infinity Recognised
Fund data valid as of July 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $107 $154 -$47
50k $480 $612 -$132
100k $895 $1,127 -$232

Investment Allocation

Intl shares 23.0%
Aus shares 29.0%
Property 11.5%
Alternative 19.5%
Fixed interest 15.0%
Cash 2.0%

Fees & Charges

Administration Fee ($) $65
Administration Fee (%) 0.08%
Investment Fee 0.75%
Switching Fee $0
Exit Fee $0
Account Size Discount No
Employer Size Discount No

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 847,763
Total Assets $40,194,966,576
Year Started 2013
Target Market Health related services
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by HESTA - MySuper

Portability - more employer sponsors than any other fund in our market.
Low weekly administration fee and no entry, exit or switching fees.
Provision of free limited personal financial advice to members using fund resources (rather than a third party).
No commissions to agents.
Ability to transfer into a HESTA Income Stream.
Free insurance cover for up to 12 months when a member is on parental leave (subject to conditions).

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 0.10%
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2016, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

HESTA is the largest industry fund for people in Health and Community Services, with membership also open to the general public. The fund was a finalist for the 2017 MySuper of the Year award and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.

The fund's MySuper offering comprises a single diversified investment option, Core Pool. The Core Pool option has outperformed the SuperRatings Index over the short and long term. Choice members have access to both Diversified and Single Sector options.

Fees are competitive and lower than the industry average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost.

HESTA provides members with a full suite of insurance cover. Default cover includes 2 units of Death cover plus 2 units of Income Protection (IP) cover, with default IP cover available to age 67 with a 90 day waiting period. Alternatively, members can choose to reduce the benefit payment period to age 60 or to 2 years, with a selection of 30, 60 and 90 day waiting periods.

A great range of additional benefits are provided to members including free scaled advice, discounted health insurance and low cost banking services through ME.