HOSTPLUS Superannuation Fund - MySuperInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$78|
|Administration Fee (%)||0.00%|
|Account Size Discount||No|
|Employer Size Discount||No|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Target Market||Hospitality, tourism, leisure|
|Offered to Public?||Yes|
Fund Highlights - provided by HOSTPLUS Superannuation Fund - MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||Comparison|
- 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.
Percentage of Growth Assets
What the researchers say
HOSTPLUS was established for the hospitality, tourism and leisure industries, and is now open to all employers and members. The Fund was a finalist of the 2017 MySuper of the Year award.
The fund's MySuper offering comprises a single diversified investment option, the Balanced option. The Balanced option has outperformed the SuperRatings Index over both the short and long term. Choice members also have access to Pre-mixed and Sector investment options, as well as, Direct Shares, Exchange Traded Funds (ETFs) and Term Deposits, and can choose to invest in HOSTPLUS Life, a life-stage investment comprising pre-mixed options selected for specific age brackets.
Fees are higher than the industry average across medium and large account balances assessed. However, members are able to switch investment options and make withdrawals at no cost.
HOSTPLUS provides a full suite of insurance cover, with employee members receiving automatic unitised Death and TPD insurance cover upon joining the fund. Income Protection is available with a maximum of 90% of salary with benefit payment periods of 2 years or to age 65 and a choice of 30, 60, or 90 day waiting periods.
HOSTPLUS offers added benefits to members including discounted banking, health insurance, travel and accommodation. Member Online further allows members to view and update account details and perform transactions.