Your investment update - November 2024
Read about our investment performance, a new rating for Sustainable Growth, and a peek behind the curtain of HESTA’s internalisation.
Superannuation funds are a target for criminals, with identity theft one of the biggest risks when it comes to protecting your super account.
Identity theft is where your personal information is compromised or stolen and used to carry out fraudulent activity.
We have various security measures to protect your super, but there are extra things you can do to reduce the risk of identity theft and the risk of a fraud on your account.
The best way to detect any unusual activity is to monitor your HESTA online account regularly. With an online account, you can:
If you want to set up an online account, you can register here.
We’ll send you an SMS confirmation of any changes to your personal details made on your online account.
If you receive a message about a change you didn't make, contact us immediately.
Set up a password or passphrase on your HESTA online account that is:
Help protect your online account by setting up extra layers of security for additional peace of mind. Multi-factor authentication is an effective way to protect your valuable information and accounts against unauthorised access by using more than one way — e.g. just a password — to verify your identity.
As a HESTA member, you can set up two-factor authentication for your online account by following these steps:
Once you’re set up with two-factor authentication for your online account, we’ll send a verification code to your mobile each time you log in.
Don’t have an online account yet? Register now so you can check in with your super regularly.
We may call you about your super, particularly if:
We do this as part of your membership benefits.
However, unsolicited cold calls are illegal, and you should not engage with these callers as they may be attempting to obtain your personal information as part of a scam.
Here are some tips to protect yourself on the phone:
If you receive a phone call, SMS or email relating to your super that you’re unsure about:
Fraudsters may send you fake emails with harmful links or malicious attachments. This practice is known as phishing and emails like this can be identified by:
Always be cautious as phishing emails can be hard to detect.
We won’t send you emails asking you to confirm or disclose your personal information.
If you receive an email that you’re unsure about:
Scammers pretend to be financial advisers from organisations that appear trustworthy.
They may try to make contact by phone or email and encourage individuals by promising things like:
Often, they will ask you for personal information, so they can use your identity to commit a fraud on your account.
Once they have the information they need, they work on transferring your funds into an account controlled by them, and you risk losing your super to fraud.
Beware of advertisements promoting early access to super, as well as unlicensed operators. You can verify licensed operators on the ASIC Connect website.
Read about our investment performance, a new rating for Sustainable Growth, and a peek behind the curtain of HESTA’s internalisation.
Cost-of-living pressures are driving more Australians under 40 to plan for retirement, with 49% taking action, research commissioned by HESTA finds.
The HESTA team is here to help. Reach out to us if you have any questions about your account.