RATIONALE FOR NEW MAJOR CMDA SPONSOR
REASON FOR THE DECISION TO GO WITH HOSTPLUS
As a national Fund, with offices and staff in every state and territory in the country, HOSTPLUS
provides a truly national coverage which was deemed to be in the best interests of all our members, not just those in NSW.
As one of the countries largest super funds, and the dominant player in the hospitality market, HOSTPLUS
can help grow our presence in the wider Hospitality market (particularly HMDA brand). HOSTPLUS
currently have 60% coverage of the hospitality and tourism labour force market nationally.
already have strong associations with many other industry bodies such as the Golf Club Managers Association, Clubs VIC, Clubs SA, Clubs TAS, the RSL in Qld, Victoria, Tasmania, SA & NT plus a wide array of tourism, hospitality and sporting bodies. There are 4,400 clubs around the country already dealing with HOSTPLUS
for their superannuation requirements. HOSTPLUS
is nominated in the “Register and Licensed Clubs Award 2010”. With a 25 year history of service in our sector they are certainly not a new player in this space, in fact they bring a wealth of experience and great ideas for our organisation to benefit from.
Many of the staff of CMAA members are already with HOSTPLUS
, and new employees into clubs often bring HOSTPLUS
with them. So HOSTPLUS
have a strong existing connection with our industry and our people. We see CMAA as the major industry body for Club Managers and it is fitting we align ourselves with the major player in the superannuation field.
places a very strong emphasis on governance, which is important for us both from the security of members’ money, but also in terms of the CMAA brand and the types of organisations we wish to align with. They have a board that comprises employer and employee representatives but also an equal number of independent Trustees, including their Chairman. Their Board also contains well known and highly regarded figures such as former Leader of the NSW Opposition in the State Parliament, The Hon Peter Collins AM QC, and former Deputy Prime Minister in the Howard Government, the Hon Mark Vaile AO.
Strong financial returns/performance, low fees. The most important measures for assessing a super fund are fees and performance. HOSTPLUS’ member fee of just $1.50 per week is amongst the lowest in the industry and has not changed since 2004. Their investment returns are consistently strong and they rank in the top 5 of all super funds for performance over ten years according to SuperRatings, which demonstrates consistent success.
have a large account management/service team spread around the country. They have offices in every state and territory and 21 people dedicated to providing face to face support for businesses. This means all of our members around Australia will have opportunity to connect with local fund personnel. In addition they have their own in-house call centre with more than 50 operators and a network of 11 financial planners around the country. They have invested heavily in customer service – for members and employers - and they are everywhere we are.
members receive value added benefits. They offer their members very good death, disability and income protection insurance and financial advice. They place a solid emphasis on member education, including workplace seminar programs and even presentations from well known finance personality Scott Pape (the Barefoot Investor). Many funds offer insurance and advice services, but few can match the quality, innovative approach, and breadth of what HOSTPLUS
offer. They are a best of breed brand in this space.
have a unique array of exclusive ‘Extras’ that members don’t have to wait until retirement to enjoy. These include discounted travel, health insurance and low cost banking with ME Bank. Fund members also have access to money can’t buy experiences such as their Health Wealth program which provides opportunities to enrol in fitness programs run through major sporting associations like the Richmond Tigers and the Gold Coast SUNS.
Offices with account Managers in every State and Territory
Contact Centre 8am-8pm, Monday to Friday
is the biggest Industry Super Fund for the Hospitality industry
- 4,400 Clubs nationally using HOSTPLUS
- 80,000 employers in total,
- 1 million members.
- 100% benefit to members
- $10 billion in funds under management as of 31st May 2012 (over 4 times size of Clubplus)
- Is one of six funds in the new ‘Registered and licensed clubs award’ 2010
- HOSTPLUS has not had an increase in account fees since 2004
- Super Fund of the Year 2011 - Your Money Magazine. Multiple other awards across a range of categories.
- Maximum ratings from the major independent research houses (SuperRatings, Chant West, Rainmaker)
Comment from David Elia, CEO HOSTPLUS
are delighted to strengthen our connection to the club’s sector through partnering with the CMDA. We have been serving the hospitality, tourism and sporting industries for twenty five years and building closer links with Club Managers through their peak industry body, will help us provide even better service to the 4,400 clubs around the country we already work with.
With 1 million members and $10 billion in funds under management HOSTPLUS
offers Clubs’ Managers, and their employees, strength, security and a strong track record of investment performance. And, importantly for a national association like CMDA with members spread across the nation, we have people on the ground in every state and territory to provide face to face service and attention.
already has strong and productive partnerships with a number of industry associations around the country such as Golf Club Managers Association, Clubs SA, Clubs VIC and Clubs TAS, a number of State RSL bodies, and many tourism, sport, and restaurant and catering collectives. We are now looking forward to also working closely with the CMDA for the benefit of the members of both of our organisations.