HESTA

The HESTA team in Melbourne recently spent a day working with Foodbank Victoria to support individuals facing food insecurity. The Foodbank Hunger Report in 2023 highlighted that 3.7 million Australian households (36%) faced moderate to severe food insecurity. Foodbank partners with 2,844 charities nationwide and supports School Breakfast Programs in 3,379 schools, ensuring food reaches those in need. The HESTA volunteering initiative resulted in the team's tremendous efforts of an estimated 24,935 meals being packed, and ready to be delivered to those in need. Our volunteering program encourages employees to dedicate time to support various community and non-profit organisations. This is one of the ways HESTA is committed to fostering a culture of giving back to the community. #HESTAImpact #CorporateVolunteering

At HESTA, we’re immensely proud to offer a variety of services to our members to ensure they have peace of mind when building their financial future. These services are delivered by our team of talented superannuation advisers who guide them through maximising their retirement outcomes. This World Financial Planning Day, we sat down with Superannuation Adviser Krishnee Ramkissoon, who has been with HESTA since 2017 and has over 10 years of experience in the superannuation industry. Krishnee spoke to us about the value of financial planning, how she helps our members and what services we offer. Swipe to read more. To learn more about our member advice services, visit https://lnkd.in/gdxDNYsQ #WorldFinancialPlanningDay #Superannuation #FinancialPlanning

We’re thrilled to announce we have received the 2024 ESG Leader Rating in addition to a successive Rainmaker AAA Quality Rating from Rainmaker Information as a workplace and for our products, both HESTA Super and HESTA Income Stream. The ESG Leader Rating is awarded to super funds that demonstrate high standards in ESG principles and strong investment performance, with transparent operations and investments. We are grateful for this recognition, which affirms our ongoing efforts to deliver the best retirement outcomes for our members. Product awards and ratings are only one factor to be considered when making a decision. Past performance is not an indicator of future performance. Before making a decision about HESTA products you should read the relevant product disclosure statement (call 1800 813 327 or visit http://hesta.co/6049UECuW for a copy) and consider any relevant risks (http://hesta.co/6040UECuo). The target market determination for HESTA products can be found at http://hesta.co/6041UECuU. Issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL 235249, the Trustee of HESTA ABN 64 971 749 321.

HESTA is pleased to announce the appointment of Tim Pietsch as our new General Manager of Compliance. Tim joins us with extensive experience and expertise across the financial services sector, most previously as the Head of Risk and Compliance for Superannuation, Retirement, and Platforms at AMP. His impressive background also includes 15 years at NAB, holding various leadership roles in business planning, change, operations and risk management. "I am thrilled to join HESTA and be part of an organisation that is highly regarded in the industry for its commitment to members. I look forward to working with the HESTA team to further enhance HESTA's compliance capabilities and ensure we continue to uphold the highest standards." This position will see Tim enhance HESTA’s compliance framework and practices, reaffirming to our members our commitment to robust governance and maximising their long-term investment returns. Please join us in welcoming Tim to HESTA. #HESTASuper #Leadership #Compliance #FinancialServices

We recently held our annual Career Fest for all employees, where we gathered to be inspired, empowered, and better equipped with the tools and knowledge to turn career aspirations into a reality. There were a range of activities and sessions throughout the couple of weeks, including thought-provoking presentations, inspiring panel discussions and practical interactive workshops. One of the sessions held was a Q&A panel where employees had the opportunity to hear from some of their colleagues on their inspiring career journeys, and lessons learned. Our panel featured: Rakhee Ghelani, who started her career as a Consultant and is now the Employee and Experience Lead Nancy Graoroski, who first joined HESTA’s Contact Centre 17 years ago, and is now the Manager of Service Delivery and End User Computing Keith Duncan, who began his career in consulting and now leads HESTA’s Convergence Program Sarah Kennedy, who first started her career in sales and is now the Digital Product Lead Our panel members shared stories that inspired and encouraged following your passions to shape your career, and that our paths may twist and turn, but determination pays off. We are committed to fostering an inclusive culture at HESTA where every voice is heard and supported in achieving their full potential. We know that to make a real difference to our members’ futures, we need the best people to work with us. #HESTASuper #CareersWithImpact

We’re incredibly proud to see HESTA CEO Debby Blakey recognised in The Australian Financial Review’s ‘Australia’s 10 most powerful business leaders in 2024’. This is a testament to Debby’s vision and leadership since 2015. This recognition reflects the collective effort of our team at HESTA, as we continue to work towards enhancing the retirement outcomes for our 1 million+ members. Our inclusion highlights the significance of active ownership in helping to deliver strong, sustainable investment performance for our members. HESTA is committed to responsible investment and its positive impact on long-term member returns. Thanks to the AFR for spotlighting Debby’s impactful contributions: https://lnkd.in/gDZ2Awnc Past performance is not a reliable indicator of future performance. Investments may go up and down. #HESTASuper #AFR #Leadership #Superannuation

We are thrilled to announce the winners of the 2024 HESTA Early Childhood Education & Care Awards! Congratulations to Katrina Hendry from KU Children's Services (Individual Leadership Award), Goodstart Early Learning Tuggerah (Advancing Pedagogy and Practice Award), and C&K - The Creche and Kindergarten Association Walkervale Community Kindergarten (Outstanding Service Award). A special thank you to our exceptional finalists and our dedicated sponsor, ME Bank. https://lnkd.in/gafYjMqD

We welcome the Federal Government’s announcement today that the Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024 has finally passed through Parliament and will take effect from July next year. For over a decade HESTA, along with other sector voices, has tirelessly advocated for this important equity measure. This reform represents a significant step towards closing the approximately 25% superannuation gap between women and men at retirement. With nearly 80% of our 1 million-plus members being women, many of whom work in typically lower paid industries such as aged care or early childhood education, this reform is a vital move towards helping them achieve a more secure retirement. We are incredibly proud to have been part of the collective voice advocating for this important change. Paying super on paid parental leave is a key equity measure that will help our members add much-needed dollars to their retirement accounts, narrowing the gender super gap and making Australia’s super system fairer. #HESTASuper #ParentalLeave #Superannuation #GenderEquality

HESTA welcomes the Federal Government's announcement of proposed payday super reforms. These reforms will ensure that employer Superannuation Guarantee (SG) payments are made at the same time as wages, moving away from the current quarterly payment system. This change will help millions of working Australians keep better track of their super contributions and can mean this money goes into their accounts earlier, starts getting invested sooner and helps grow their long-term retirement savings. The introduction of smaller, more frequent super payments represents a significant modernisation of the system. This is particularly beneficial for lower-paid, part-time, and casual workers, where women are overrepresented. Currently, Australian women retire with around 25% less in super than men. Nearly 80% of HESTA members are women, many of whom face lower wages, financial and career challenges, and time out of the workforce for caregiving responsibilities. These reforms are a positive step toward better retirement outcomes for HESTA members and all Australians. #HESTASuper #PayDaySuper #Superannuation

HESTA is excited to announce nearly 200,000 additional members are now on track to be ready for retirement. This progress has been made over the past 7 years, shifting from a projected ‘modest’ to a more ‘comfortable’ retirement lifestyle according to our in-house model, informed by the ASFA | The Voice of Super retirement standard. We recognise many of our members are predominantly low and middle-income working women, face unique challenges such as lower wages, career breaks for caregiving, and time out of the workforce. That’s why HESTA continues to advocate for systemic changes that benefit our members and the wider community, including working with other sector voices to secure the progressive increase to the super guarantee rate which will rise to 12% by 1 July 2025, as well as advocating for superannuation to be paid on Commonwealth Paid Parental Leave (PPL), which the government has confirmed its intention to put in place from 1 July 2025. These initiatives will be crucial in improving retirement outcomes for many of our members. Several factors drove the increase in ‘retirement readiness’ such as more members making extra contributions to their retirement savings, HESTA’s strong long-term investment performance, higher superannuation guarantee rates, and better wages in some health and community services sectors. The model has provided HESTA with insights into members’ financial retirement readiness, helping to better tailor support and advice. We know retirement looks different to everyone, and we are continuously committed to helping our members make a difference to their financial futures. Visit http://hesta.co/retirement to learn more about our commitment to retirement planning and the services available to HESTA members. #HESTASuper #Retirement #Superannuation Past performance is not a reliable indicator of future performance. Investments may go up and down.