IQVIA and HESTA
welcome to HESTA. we know super.
A top-performing fund#
We’re a top-performing super fund. We use our expertise to deliver strong long-term returns* while accelerating our contribution to a more sustainable world.
Created for people like you
We invest in innovations that positively impact you and the health and community services sector.
Super with impact™
Super with impact™ is the positive outcome we create by supporting our members to face the future with confidence, being a gutsy advocate for a fair and healthy community, and delivering investment excellence with impact.
# SuperRatings 10 Year Platinum Performance 2014-2024 (MySuper). Visit SuperRatings for important information about this rating. Product ratings and awards are only one factor to be considered when making a decision. Investment performance contributes to but is not the only factor in determining this product rating.
*Investment returns may go up and down. Past performance is not a reliable indicator of future performance.
there are many ways HESTA can support your super journey
Join an online information session
Simply choose the time that suits you and discover how HESTA can support you to face your financial future with confidence.
Book an online chat with a super expert
Understand more about the benefits of joining HESTA. Book a 30 minute one-on-one general advice session online at no extra cost.
Interactive Q&As
See what people like you want to know about super and money, and get instant answers from our expert team in this interactive video journey.
IQVIA and HESTA: what it means for you
Join us for a 30 minute session to find out why IQVIA have chosen HESTA to provide your new Corporate Plan, details on your new plan, and information about the tools and support available to you.
Product Disclosure Statement
Forms and documents
industry recognition
SuperRatings MySuper of the Year 2024
We've been awarded the SuperRatings MySuper of the Year 2024 award based on our investment performance and processes, fees, insurance offering, administration capabilities, member servicing and governance practices.^
SuperRatings Net Benefit award 2024
We were awarded the SuperRatings Net Benefit award 2024, which recognises HESTA as the Australian super fund with the best net benefit outcomes delivered to members over the short and long term.^
SuperRatings 20 year Platinum performance rating
Super research company, SuperRatings continually awards us the highest rating possible – Platinum – for our products. And, we were one of the first funds to receive SuperRatings’ 20 year platinum performance rating – the highest rating possible.^
FAQs
HESTA Corporate Super is a superannuation product that allows employers to customise the insurance provided to their employees by establishing an Employer Plan. IQVIA employees who join HESTA Corporate Super become members of the IQVIA Employer Plan and may be eligible to access the insurance arrangements that IQVIA has selected.
Cover provided through the IQVIA Employer Plan is provided under HESTA Corporate Super Income Protection Insurance Policy No. MP 8373 and HESTA Corporate Super Group Life Insurance Policy No. MP 8373. Although HESTA Corporate Super insurance is provided through your super, the insurance is issued by AIA Australia, ABN 79 004 837 861, AFSL 230043, a registered life insurer.
The following insurance is available through the IQVIA Employer Plan if you are eligible:
- Default insurance which IQVIA has chosen specifically for its employees
- Flexible insurance that you can change to suit your needs
- Insurance cover you won’t have to pay for from your weekly budget
- Death and terminal illness cover 24/7
- Temporary disability cover or total and permanent disablement cover 24/7 for injury and ill health.
Cover 24 hours a day, seven days a week
Insurance through the IQVIA Employer Plan can provide cover for injury, illness or death anytime, anywhere (subject to eligibility and overseas cover conditions).
You’re covered for longer
- Death Cover until age 65
- Total & Permanent Disablement (TPD) Cover to age 65
- Income Protection (IP) Cover up to age 65.
Once your cover starts, it continues throughout your HESTA Corporate Super membership unless:
- you opt out or cancel it
- your account becomes inactive (refer to page 15 of the Corporate Super Insurance Guide (pdf) for information about when your account may become inactive) and you have not elected for your cover to continue before your account becomes inactive
- you have insufficient money in your account to pay insurance fees.
Cover may not apply to you in all circumstances (see the Corporate Super Insurance Guide (pdf) under Helpful documents on this page for details).
It’s convenient
Generally, insurance fees are automatically deducted from your HESTA Corporate Super account every month, so you don’t have to remember to renew your insurance every year. Your employer may also agree to pay for some or all of your insurance fees.
It’s competitive
HESTA buys our insurance in bulk, so we can pass any insurance tax savings we're eligible to receive straight back to our members. This means insurance through us is generally cheaper than buying it as an individual, for a similar level of cover.
It’s flexible
You can apply to opt out, cancel, increase, decrease or vary your cover to suit your changing needs.
Balanced Growth (HESTA MySuper) |
|||
Type of fee |
Amount |
How and when paid |
|
Ongoing annual fees and costs1 |
|||
Investment fees and costs2 |
0.58% p.a. |
Deducted from the valuation of investments before daily unit prices are calculated. |
|
Administration fees and costs |
$1.00 per week |
Deducted from your account at the end of each month and when you close your account. *The percentage-based administration fees and costs is not charged on any amount of your account balance in excess of $500,000. |
|
Plus 0.04% p.a. |
Additional administration costs may be paid from fund assets, not your account. The amount shown is an estimate of the costs deducted for the 12 months to 30 June 2024. |
||
Transaction costs |
0.04% - p.a. |
Deducted from the valuation of investments before daily unit prices are calculated. |
|
Member activity related fees and costs |
|||
Buy-sell spread |
$0 |
N/A |
|
Switching fee |
$0 |
N/A |
|
Other fees and costs3 |
Activity fees, advice fees for personal advice and insurance fees may apply. |
||
1 If your account balance for a product offered by HESTA is less than $6,000 at the end of the HESTA income year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
2 Investment fees and costs includes an amount of 0.19% for performance fees. (5 year average) The calculation basis for this amount is set out under ‘Additional explanation of fees and costs’ in Fees and costs at hesta.com.au/corporatesuper.
3 See ‘Additional explanation of fees and costs’ in Fees and costs at hesta.com.au/corporatesuper for more information about these fees.
Your insurance fees are determined by your age, gender and the amount of insurance cover you have in your Employer Plan.
Default cover is calculated as follows:
Cover type |
Death and Total and Permanent Disablement |
Income Protection |
| Default Cover | 15% x Salary x years of Future Service1 to age 65 | 75% of Pre-Disability Income Waiting Period: 90 days Benefit Period: 2 years Cover ceases at age 65 |
1 Future Service is based on the number of years (and complete months) to age 65. For example, if you are age 30 years, 5 months and 20 days, Future Service to age 65 would be 34 years and 6 months.
For dial-up and voluntary cover, refer to your Member Plan Schedule.
Example:
Sarah is 39 years old. She has 26 years of future service until age 65 (age 65 – Sarah’s age of 39 years = 26 years). Her salary is $120,000 p.a.
Default Death & TPD cover calculation:
15% x Annual Salary x years of Future Service to age 65
= 15% x $120,000 x 26 = $468,000
Death & TPD insurance fee calculation:
(Death and TPD Cover ÷ 1,000) x Insurance Fee for Death & TPD cover for age next birthday and gender from Insurance Fee tables ÷ 52
= ($468,000 ÷ $1,000) x 0.57 ÷ 52 = $5.13 per week
Default Income Protection cover calculation:
75% x Annual Salary
= 75% x $120,000 = $90,000p.a. or $7,500 per month
Income Protection insurance fee calculation:
IP cover ÷ 100 x Insurance Fee for Death & TPD cover for age next birthday and gender from Insurance Fee tables ÷ 52
= $7,500 ÷ 100 x 1.61 ÷ 52 = $2.32 per week
Book an appointment with a superannuation expert at no extra cost.
Before joining or transferring super to HESTA, review benefits like insurance from other funds. Consider financial advice to compare benefits and costs, and understand the impact on your super balance. General super advice is included with HESTA membership.
Third-party services are provided by others and under their terms. H.E.S.T. Australia Ltd does not endorse or accept responsibility for third-party products and services or any resulting loss or damage. Use your own judgment about these offerings.
start making an impact now
If you have questions or prefer to join over the phone request a call back.
Product ratings and awards are only one factor to be considered when making a decision.
^ The rating is issued by SuperRatings Pty Ltd (SuperRatings) ABN: 95 100 192 283 a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, AFSL No. 421445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and SuperRatings assumes no obligation to update. SuperRatings use proprietary criteria to determine awards and ratings and may receive a fee for the use of its ratings and awards. Visit superratings.com.au for ratings information. © 2024 SuperRatings. All rights reserved.