HESTA Super Fund, Super Comparison Table

Super comparison table

	HESTA Super Fund	*Typical Retail Super Managed Fund or Trust (eg. offered by a bank or insurance company)
Fund
Member administration fee	$1 per week administration fee which is $52 per year	$1.25/week
Ongoing administration fee	0.09%**	1.11%
Investment Management Fee (balanced fund)***	0.72% (est)	0.72%
Investment Performance - Balanced Fund
1 year to 30/6/2008	- 5.4%	- 6.4%
5 years to 30/6/2008 pa	10.5%	9.8%
Access to Extra Services
Low-cost home loans	Yes	Access to these service varies between funds
Fee-based financial planning (no commissions)	Yes
Free financial planning workshops	Yes
Discount health insurance	Yes
Investment products with no entry or exit fees	Yes
Low cost optional death & disability insurance	Yes

*Source: SuperRatings Life of Difference calculator June 2008.

** Includes 0.07% p.a. Trustee operating fee (i.e. 70 cents for each $1,000 invested), applied to investment values before declaring interest rates, plus 0.02% cost of member benefit protection.

***HESTA's balanced fund is Core Pool

Assumptions: $50,000 account balance, $150,000 employer account size. Investment management fees do not include performance fees for the purposes of this comparison. No employer plan discounts have been applied.

This table is only an illustration of how fees may affect your account. It aims to help you compare the effects of fees charges by different super funds. It is not an estimate of the effect of fees and charges on your personal account or the amount you might receive on retirement. Your actual balance over any given period will depend on such things as your actual contributions and initial balance, and the actual fees and investment returns of the fund and investment option you choose, which may change over time. Differences in fees between HESTA and a typical retail managed fund may change and this would affect the outcome.