Follow updates here. Hostplus is the leading super fund for hospitality, tourism, recreation and sport in Australia. Founded by the Australian Hotels Association (AHA) and United Voice in 1988, Hostplus says it has grown to be one of the largest super funds in Australia with over one million members, more than 185,000 employers and $53 billion in funds under management. Combine this with our history of top performance and it could mean more money for your retirement. The 20 best Industry Super Funds in 2020 ranked based on 2,899 reviews - Find consumer reviews on ProductReview.com.au, Australia's No.1 Opinion Site.
Hostplus and AustralianSuper were the top performing superannuation schemes last year, sitting at the top of the league ladder dominated by industry retirement schemes.
Alison Cheung-07/10/2020-4 min read. The average age of Hostplus members is 33. The COVID-19 pandemic's escalating second wave has forced British Prime Minister Boris Johnson to abandon his whack-a-mole strategy of localised lockdowns and plunge England into a month-long shutdown. For reference, I am 23 and have just started my career. Australians will have their super accounts “stapled” to them as they move jobs, but concerns have been raised that workers could find themselves trapped in an inferior fund. Australian Super had four Fit Cat Funds and takes out this award for the second year in a row. Annual admin and investment fees on a $25,000 balance. But Sunsuper warned that returns over the next five years would be "meaningfully" lower, given low levels of economic growth, high levels of debt and the high prices of risky assets. Hostplus chief investment officer Sam Sicilia said that even if returns on infrastructure fell from 12 per cent to 9 per cent that still translated into solid gains for members in a low interest rate environment. Furthermore, in the case of Hostplus, the fund's young membership meant that owning illiquid investments was not an issue. Other funds in the top 10 last year include Cbus, Intrust Super, Kinetic and Catholic Super. Hostplus’ Choiceplus has brokerage fees of $19.95 for sums up to $10,000, scaling down to 0.11% for sums between $27,500 to $250,000, and a portfolio administration fee of $180 a year. Sunsuper said all of its investments performed well last year, adding that the strong return came in spite of the fund's low exposure to equities. UniSuper is close behind having won five times, Hostplus have won four times, and AustralianSuper have won three times, and REST and QSuper have both won twice. As Australia’s largest super fund, we use our size and scale to secure competitive fees and lower investment costs. Hostplus, which oversees $23 billion of assets on behalf of 1 million members, said it expected to raise the proportion of the balanced fund invested in infrastructure assets to 12 per cent from 10 per cent. And it’s run by an independent research consultant – so you can trust the rating. Some 40 per cent of Sunsuper's equities portfolio is passively managed, in sharp contrast to Hostplus, which only uses passive strategies to park cash temporarily while it seeks investment opportunities elsewhere. "Funds that excelled last year tended to go against the investment trend, by having higher allocations to unlisted assets, which traditionally come at a significantly higher cost than the increasingly popular passive strategies," he said. last year's gains were unlikely to be matched in 2017-18. strong gains last year to the performance of unlisted assets, Wrong benchmark used to identify super slowpokes: industry funds, How age pension can help retirees deal with super losses, First State Super's deal could be the most important of the year, Rudd and Keating's rant won't fix the super system's flaws, From BlackRock to Cbus, Justin Arter's super move, Ruslan and Anastasia Kogan: The making of a power couple, Buy, hold, sell: Afterpay, ANZ, Transurban, Woodside Petroleum, CSL, Why Disney's focus on streaming gives it a long growth runway, Why Andrew Forrest left one of the safest cities on the planet, Fire, smoke and steam add ancient drama to new food venue, Why slogomania has overtaken logomania in fashion, Italian inspiration meets Australian flavour in new liqueurs to love, Six things I learnt from trying 20 online courses, Rich Listers win with boards that can say no, Art finds unexpected new homes amid pandemic, Romance in a perfume bottle, 100 years on, Everything but the crowds: Behind the scenes at the Melbourne Cup, Australia's cattle kings and queens on top of the world, The full list: Australia's wealthiest 200 revealed. Member direct options allow members an increasing degree of control over their investment choice. Hostplus and AustralianSuper were the top performing superannuation schemes last year, sitting at the top of the league ladder dominated by industry retirement schemes.
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