HOSTPLUS Executive Member Guide

At HOSTPLUS Executive, we don’t pay commissions to financial advisers. Not one cent. Our industry fund heritage also means we don’t have shareholders in the traditional sense. Instead, HOSTPLUS Executive is run to benefit members.

With no shareholder dividends to pay – and because we refuse to hand out trail commissions for planners and advisers – we have no reason to charge high fees. Our member fee is a fixed, competitive $2 per week plus investment expenses.

We aim to achieve competitive, long-term investment performance for members. Our Balanced (default) option investment performance has outperformed the Median Balanced Option over the longer term, that is the past 5, 7 and 10 years according to the SuperRatings Fund Crediting Rate Survey (8 August 2011) as at 30 June 2011.

Past performance is not a guide to future performance.

Right now, your most valuable assets are your health, family and your income earning potential. Protecting these assets is an important part of a smart financial plan.

So HOSTPLUS Executive gives you access to three key types of insurance cover:

• Death and Total & Permanent Disability insurance cover
• Death Only insurance cover, and
• Salary Continuance (also known as income protection) insurance cover.

Terminal Illness cover is included as part of any Death cover.

Some employers make their own special insurance arrangements with HOSTPLUS Executive on behalf of their employees. HOSTPLUS Executive also gives employers the option to really add value to members’ total benefits packages by allowing them to fund all or part of their insurance cover. If this is the case, you will be advised of these arrangements by your employer and/or in your welcome letter.

If your employer hasn’t made insurance arrangements or you have opted out of your employer’s insurance arrangement with HOSTPLUS Executive, you will generally receive default cover.

If eligible for default cover, members aged between 25 and 64 automatically receive two units of Death and Total & Permanent Disability (TPD) insurance cover at $3 per week.

Members under 25 years receive one unit of Death and TPD insurance cover at $1.50 per week.

HOSTPLUS Executive gives you a choice of 19 investment options, offering a wide range of investment strategies to suit your investment time frame, long-term goals and risk profile – from growth asset classes, like shares and property, to defensive asset classes, like fixed interest and cash.

To choose how your super is invested, make your investment choice online through your SuperSite account at www.hostplusexecutive.com.au or complete the Investment choice formavailable at www.hostplusexecutive.com.au and forward it to us. 

You can always change your investment choice free of charge.

If you prefer not to choose at all, we’ll invest your contributions in the HOSTPLUS Executive Balanced option – the default investment option.

With HOSTPLUS Executive, you can check and manage your account details online via SuperSite at www.hostplusexecutive.com.au, 24 hours a day, seven days a week with Personal Identification Number (PIN) protected access.

Review your account balance and investments

Get an estimate of your account balance, and review your transactions for the previous two reporting periods.  See how your investment has progressed over the years and in which investment options you have invested your super.

Make an investment choice online

Change how your existing balance and future contributions are invested.

Top-up your super

Make additional contributions to your HOSTPLUS Executive account, quickly and easily, by BPAY^®.

Update your personal details

Advise us of changes to your personal details, including a change of address or beneficiary, or notification of your Tax File Number.

Because we care about your financial future, we encourage you to seek expert financial advice about super.

HOSTPLUS Executive members can access high quality, low cost financial advice from Industry Fund Financial Planning (IFFP) a division of Industry Fund Services Pty Ltd ABN 54 007 016 195, AFSL 232514.

Expert, easy-to-understand advice

All IFFP financial planners are fully qualified and are authorised representatives of Industry Fund Services Pty Ltd under its Australian financial services licence. They can provide comprehensive advice, in plain English, about:

• budgeting – so you can take control of your money
• investment options – so you can maximise your money
• insurance – so you’re properly protected
• tax – so you get back what you’re entitled to
• super – so you can enjoy a comfortable retirement.

Importantly, they can help develop a financial plan tailored to your current lifestyle and future financial goals. And naturally, they can help you review and refine your plan down the track, so it keeps pace with the changes in your life.

Commission-free

Unlike many advisers, IFFP is not paid by commission. That means IFFP licensed financial planners are free to recommend strategies that are appropriate for you, not them.

There are no hidden costs. Instead, IFFP charges a simple fee for advice. But, if the service attracts a time based fee, your IFFP licensed financial planner will make a free assessment of your requirements and provide a fixed no-obligation quote upfront.

These fees are only deducted when you seek advice and provide approval of the deduction on an ‘as needed basis’.

* Fees include GST and are current at 31 October 2011.

HOSTPLUS Executive members are able to pay IFFP fees directly from their superannuation account, for superannuation-related financial advice and plans only (as opposed to full financial plans), as long as the balance in your account is $2,000 or more after the fee is deducted.

The above fees may be subject to change and, if so, you will be advised of this when you seek financial planning advice.

Good advice now can make a lifetime of difference later.

Which is why when you join HOSTPLUS Executive, you’re entitled to receive a free initial financial plan for super from Industry Fund Financial Planning (IFFP).

Your personalised plan will cover investment choice, levels of insurance, types of contributions, details on super splitting as well as superannuation projections to help you maximise your HOSTPLUS Executive investment.

This service is normally valued at $550, but is available free during the first 12 months from the date you join the fund.

To reserve your appointment with an IFFP financial planner, please call HOSTPLUS Executive on 1300 799 998.