Hostplus Pension Plan

Hostplus Pension Plan was established in 2009 to provide for the retirement needs of members employed within the hospitality, tourism and leisure industries. The fund is a public offer fund and allows members from all industries to apply for membership, with a minimum initial investment of $10,000 required to commence membership. Hostplus was the winner of the 2020 Best New Innovation award for Hostplus Self-Managed Invest and was also nominated as a finalist for the 2020 Career Fund of the Year and the 2020 Net Benefit awards. Hostplus offers an investment menu of 6 Diversified options and 7 Single Sector options, as well as a ChoicePlus investment option providing access to Direct Shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs), Listed Investment Companies (LICs) and Term Deposits. The Balanced option outperformed the relevant SuperRatings Index over the 7 years to 30 June 2019.Fees are higher than the industry average across small account balances, however remain competitive for larger account balances. The fund does not charge a switching fee or a buy-sell spread.Hostplus Pension Plan offers excellent pension flexibility with members able to select from fortnightly through to annual payment frequencies. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.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.