HESTA Income Stream
At HESTA, everything we do is to benefit our members. With more than 1 million members and $74 billion* in funds under management, we've learned a thing or two about looking after super. We're the specialist industry super fund that invests in and for people who make our world better. We're committed to creating better futures for the retirement of our members, women and in fact, all Australians.
We keep member fees down, and our costs low, keeping more of our members' money for their future. We help them take control of their future through education and advice using online tools, nation-wide information sessions or personalised consultations.
Over 30 years of experience in super, combined with our focus on our members' needs and strong long-term performance, has earned us the highest rating from agencies including Rainmaker Information's AAA Quality Rating^.
Product Size:
$7.23 Billion
Fund Size:
$81.64 Billion
Key Features
- Innovative ready-made default investment strategy designed to reduce investment risk over time, available to new members.
- A dedicated enquiry line with access to HESTA income stream product experts.
- HESTA Retirement Reward (Pension Transfer Bonus, a tax saving we can pass on to eligible members who transfer from accumulation to our income stream).
- HESTA Member App.
- Access to 10 investment options including a sustainable investment option managed by an expert investment team.
- Flexible payment options and ability to manage accounts and perform all transactions online.
- Seminars specifically designed for Income Stream members available at no extra cost.
- Access to tiered advice services ranging from general advice, limited personal advice through to comprehensive personal financial advice.
- Our Climate Change Transition Plan maps our commitment to reducing the normalised carbon emissions in our investment portfolio by 50% by 2030.
- Responsible investment leadership through a whole of portfolio thermal-coal restriction.
Investment Option Performance
| Investment Performance | Growth Asset Weighting | 1 year | 3 years (pa) | 5 years (pa) | 10 years (pa) |
| Balanced Growth | 68% | 6.40% | 4.56% | 4.72% | 6.00% |
| Conservative Growth | 34% | 11.79% | 8.70% | 7.18% | 8.65% |
| Sustainable Growth | 72% | 15.49% | 11.49% | 8.58% | 10.39% |
| High Growth | 84% | 11.07% | 8.39% | 8.01% | 10.21% |
| Your Choice | Visit hesta.com.au for details including up-to-date performance | ||||
Performance - as at 30 September 2023
Financial Planning Available
- Financial Advice - Limited
- Financial Advice - Full Financial Planning
Extra Benefits Available
- Member Services
- Call Centre
- Website
- Mobile Website or App
- Social Media Presence
- Newsletters for Members
- Education Seminars
- Online Account Access
- Investment Flexibility
- Investment Choice
- Multi-Manager Investment Choice(s)
- Choice of Asset Allocation
- Ethical / SRI Investment Choice(s)
- Term Deposit Investment Choice
- Online Investment Switching
- Monthly or Quarterly Investment Reports
- Financial Advice
- Financial Advice - Limited
- Financial Advice - Full Financial Planning
- Account Flexibility
- Can Join Without Employer
- Retirement Products
- Transition to Retirement Facility
- Binding Death Benefit Nominations
- Ancillary Services
- Credit Cards
- Home Loans
- Insurance - Private Health
- Non-Super Investment Products
- Personal Loans
- Savings Account
Fees & Charges
| Fees | |
| Withdraw fee | $0 |
| Management Cost: member fee | $1.50 per week plus 0.23% pa of your account balance in excess of $600,000 (Subject to a fee cap)* |
| Management Cost: investment fee | 0.41% pa - Balanced Growth 0.01% - 0.95% for other investment options |
| Switching fee | $0 |
| Other | Plus 0.04% pa (Additional administration costs may be paid from fund assets, not your account. The amount shown is an estimate of the costs deducted for the 12 months to 30 September 2023.) |
Service Providers
| Service Providers | |
| Administrator | Australian Administration Services Pty Ltd (part of Link group) |
| Asset Consultant | Frontier Advisors Pty Ltd |
| Auditor | PwC, KPMG |
| Custodian | JPMorgan Chase Bank |
| Insurer | AIA Australia |
| Lawyer | Allens Linklaters |
| Technology Providers | Tecala Group Pty Ltd |
Contact Details
Principal Contact
Debby Blakey (Chief Executive Officer)
Member Telephone
1800 813 327
Member Fax
8660 1650
Address
PO Box 615, Carlton South VIC 3053 Australia
Member Email
[email protected]Website
https://www.hesta.com.auAwards Achieved
Policy Advocacy
2023
ESG Investment Innovator
^Product ratings are only one factor to be considered when making a decision.
*Past performance is not a reliable indicator of future performance. 10-year average annual return to [30-September-2023]. Returns are net of investment fees and costs, transaction costs and taxes.
**The percentage-based Administration fee is not charged on any amount of your account balance in excess of $600,000. Investment Objective, Performance and Strategic Asset Allocation as at September 30, 2023. The returns shown are net of investment fees, indirect costs and taxes as at September 30, 2023. Product by issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL 235249, the Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
This information is of a general nature. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. The target market determination for HESTA products can be found at hesta. com.au/tmd Before making a decision about HESTA products you should read the relevant Product Disclosure Statement (call 1800 813 327 or visit hesta.com.au for a copy), and consider any relevant risk (visit the HESTA website for more information).
