product disclosure statements

All the information you really need about products, costs and other important things to consider.

 


updates to the PDS

 

From time to time, changes to the PDS that are not materially adverse will be updated on the website here. To make it easier for you to follow, changes that apply to all products will be shown here. Changes to particular documents will be shown with the documents below.
 

  • From 1 January 2022, there is a change in the explanation of the administration fee on each of these PDS documents: HESTA PDS, HESTA Personal Super PDS and HESTA Income Stream PDS. See each of the documents below for further details.
  • From 1 March 2022, the fund name has officially changed from ‘Health Employees Superannuation Trust Australia’ to its abbreviated name ‘HESTA’. All references to Trustee of ‘Health Employees Superannuation Trust Australia’ should be read as Trustee of ‘HESTA’ in all product disclosure statements below.
  • From 1 April 2022, there are changes to the insurance policy transfer terms on each of these PDS documents: HESTA PDS and HESTA Personal Super PDS. See each of the documents below for further details.

 

 

 

 


product disclosure statements (PDS)

 

From 1 January 2022, on page 9, in the additional explanation of fees and costs section for administration fees, the change (in bold) has been inserted as follows:

Administration fees deducted from your account are allocated to the Fund’s Development Reserve. The fund pays its administration costs (including a Trustee Fee) from this Development Reserve. 

 

From 1 April 2022, on page 13, in the Transferring cover section under 'Other important information about insurance', the current text ‘are under age 55 and’ has been deleted and the change (in bold) has been inserted to read as follows:

Transferring cover
If you already have IP, Death or Lump-sum TPD Cover through another industry fund, master trust, retail fund or corporate superannuation fund, you can apply to transfer it to HESTA subject to approval by the insurer. Refer to Insurance options at hesta.com.au/pds and Insurance transfer form at hesta.com.au/forms for more information.

 

From 1 January 2022, on page 9, in the additional explanation of fees and costs section for administration fees, the change (in bold) has been inserted as follows:

Administration fees deducted from your account are allocated to the Fund’s Development Reserve. The fund pays its administration costs (including a Trustee Fee) from this Development Reserve. 

 

 

From 1 April 2022, on page 14, in the Transferring cover section under 'Other information about insurance through HESTA', the current text ‘are under age 55 and’ has been deleted and the change (in bold) has been inserted to read as follows:

Transferring cover
If you already have IP, Death or Lump-sum TPD Cover through another industry fund, master trust, retail fund or corporate superannuation fund, you may be able to apply to transfer it to HESTA subject to approval by the insurer. Refer to Insurance options and the Insurance transfer form at hesta.com.au/forms for more information.

 

From 1 January 2022, on page 39, in the additional explanation of fees and costs section for administration fees, the change (in bold) has been inserted as follows:

The administration fee deducted from your account is paid into the fund development reserve. The fund pays its administration costs (including a Trustee Fee) from this development reserve. 
 

Apply online

You can apply for a HESTA Income Stream via the income stream tab in your online account. Please note: the tab will only appear if you have reached preservation age.
Log in to your online account.

 

 

The HESTA Term Allocated Pension (TAP) product is closed to new members. If you hold a TAP with HESTA (or are a reversionary beneficiary) and would like more information, please contact us on 1300 734 479

 

 

 


other documents related to the PDS

 

 

 

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