23 Nov 2009

With so many different articles about investment and superannuation in the news, your employees may be worried about their super.

It’s important for them to keep in mind that super investments are made for the long term, and that markets will always go up and down.

Unless your employees have previously chosen a different investment option, their super is currently invested in our default option, called Core Pool.

But, if they’d like to explore other investment options for their super, they could follow these four simple steps:

1. Read HESTA’s Your investment choice guide.
2. Speak to a qualified HESTA Superannuation Service Adviser (at no extra cost to members) or decide whether to seek further financial advice.
3. Choose their preferred investment option or combination of options (including choosing to stay with Core Pool — members don’t need to do anything else if they select this option).
4. Complete and return the application form in HESTA’s Your investment choice guide or submit changes through Member Online (free call 1800 813 327 for a password).

With HESTA, members can change their investment choice up to 12 times per year — free (unlike some other funds, we don’t charge switching fees when members make a change).

For updated investment information, free call 1800 813 327 or visit www.hesta.com.au/investmentcentre

Most employers are not licensed to give financial product advice and should not provide employees with recommendations about particular super funds, selecting investment and insurance options, or making contributions.

Report for employers

Enclosed with this HESTA News, is Your Employer Report, including:

• how HESTA worked with Mission Australia to help educate their staff about super
• meeting your super obligations for 2009/2010
• HESTA’s electronic super submission options
• your HESTA service team.

Best wishes from all at HESTA for a happy and safe festive season.

Have you changed your details?

If any of your employer details have changed, please let us know in writing — on your business letterhead and with a signature — so we can update our records. Changes we need to know about include:

• business name (please provide a copy of your Business Registration Certificate)
• business structure (e.g. business or company)
• business address
• business phone number
• the contact person responsible for administering super in your workplace
• your email address.

Updates to HESTA brochures and forms

HESTA’s publications are regularly updated.

There have been recent updates to:

• Member direct debit request form
• Change of member details form
• Spouse contribution form.

Download these forms at www.hesta.com.au To obtain hard copies, free call 1800 813 327.

Remember to dispose of any old copies you have as they may not reflect current processes or legislation.