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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.

  • Platinum
  • 10 Year Platinum Performance
  • Infinity Recognised
Awards
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $107 $156 -$49
50k $480 $627 -$147
100k $895 $1,155 -$260

Investment Allocation

Intl shares 26.0%
Aus shares 27.0%
Property 10.0%
Alternative 21.8%
Fixed interest 12.2%
Cash 2.0%
Other 1.0%

Fees & Charges

Administration Fee ($) $65
Administration Fee (%) 0.00%
Investment Fee 0.83%
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 826,959
Total Assets $35,064,644,131
Year Started 1998
Target Market Health related services
Offered to Public? Yes
Fund Type Industry-Personal

Fund Highlights - provided by HESTA - Personal Super Plan

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).
Strong long-term returns.
No commission to agents.
Ability to transfer to HESTA Income Stream.
Free insurance cover for up to 12 months when a member is on parental leave (subject to conditions).
Portability - more employer sponsors than any other fund in our market.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 2.40%
2.65%
3.03%
2.81%
10.03%
9.60%
13.23%
12.66%
14.79%
14.73%
1.30%
0.45%
Fund
Benchmark
Diversified Fixed Interest 0.48%
0.65%
6.26%
4.43%
4.66%
3.93%
5.49%
5.52%
3.85%
4.65%
10.20%
8.94%
Fund
Benchmark
Growth 2.99%
3.18%
1.65%
2.10%
11.25%
10.71%
15.36%
14.01%
18.60%
17.11%
-0.70%
-0.95%
Fund
Benchmark
Australian Shares 5.54%
5.68%
2.56%
1.50%
5.36%
5.70%
16.80%
16.77%
21.18%
21.07%
-4.00%
-6.15%
Fund
Benchmark
Overseas Shares 2.99%
2.74%
-3.96%
-2.30%
16.95%
19.16%
18.69%
17.63%
24.59%
26.14%
-3.30%
-2.45%
Fund
Benchmark
Capital Stable 1.30%
1.32%
4.42%
3.36%
6.94%
5.66%
8.16%
7.34%
9.26%
8.29%
4.40%
4.06%
Fund
Benchmark
Property 0.62%
2.21%
11.35%
12.55%
11.35%
10.78%
8.73%
9.09%
5.99%
10.99%
7.70%
7.12%
Fund
Benchmark
Cash 0.16%
0.16%
2.06%
1.90%
2.48%
2.25%
2.58%
2.42%
3.20%
2.94%
4.30%
4.04%
Fund
Benchmark
  • 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 30/06/2015, 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 has achieved a Platinum rating for the past 13 consecutive years. HESTA is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.

Members are provided with a range of investment options to choose from, including direct access to a number of unique options such as Infrastructure, Private Equity and Global Bonds. The Core Pool option has outperformed the SuperRatings Index over both the short and long term, while historical returns across all other options have also been strong.

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 only receive benefits to age 60 or for a maximum 2-year benefit period.

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


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