HESTA Company Research Report

Company Overview

Name

HESTA (Health Employees Superannuation Trust Australia)

Mission

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.

Founded

No information is available.

Founders

No information is available.

Key People

CEO: Debby Blakey

Chief Experience Officer (CXO): Lisa Samuels

Chief Operating Officer (COO): Stephen Reilly

Chief Engagement and Growth Officer (CEGO): Joshua Parisotto

Chief Risk Officer (CRO): Andrew Major

Chief Investment Officer (CIO): Sonya Sawtell-Rickson

Chief Strategy Officer (CSO): Sam Harris

Chief Financial Officer (CFO): Natalie Kelly

Headquarters

No information is available.

Number of Employees

No information is available.

Revenue

No information is available.

What is the Company Known For

HESTA is a specialist industry super fund dedicated to the people who work in health and community services, providing superannuation benefits, investment services, retirement planning, and financial advice. They are known for their strong investment performance, responsible investment strategies, and commitment to gender equality.

Products

What Products Do They Offer

1. Superannuation

Description: Retirement saving system for employees in health and community services.

Key Features: Reliable long-term returns, competitive fees, flexible investment options.

2. Transition to Retirement

Description: Pre-retirement solution allowing employees to reduce working hours while accessing super annuities.

Key Features: Tax benefits, continuing super contributions, flexible access to funds.

3. Retirement Income Stream

Description: Provides a regular income stream from accumulated superannuation funds post-retirement.

Key Features: Regular payments, continued investment growth, flexible withdrawal options.

4. Investment Products

Description: A variety of managed investment options helping members grow their super.

Key Features: Balanced Growth (MySuper) option, Conservative, High Growth options.

Recent Developments

Company Developments

1. Investment Performance FY23-24

Highlights: CEO Debby Blakey and CIO Sonya Sawtell-Rickson shared the 2023-24 financial year performance which included a 9.10% return for Balanced Growth option.

2. Super Housing Partnerships

Description: HESTA formed a significant partnership with Assemble housing platform to boost institutional investment in affordable housing.

3. Increased Digital Engagement

Highlight: 300,000 HESTA members, 80% of whom are women, used digital tools for retirement planning.

New Products Launched

No information is available.

New Features Added to Existing Products

No information is available.

New Partnerships

Assemble Housing Partnership: To boost affordable housing investment with focus on financial returns and social impact.

Awards and Recognitions

SuperRatings MySuper of the Year 2024: Recognizes outstanding investment performance and member services.

Responsible Super Fund Leader 2023: Acknowledges HESTA's commitment to responsible investment.

Chant West 5 Apples: Highest rating for excellence in super and pensions.

Conclusion

HESTA continues to be a leader in providing superannuation and financial services to health and community services workers in Australia. They are recognized for their investment performance, commitment to responsible investment, and active engagement in empowering their members for a secure financial future. The company’s strategic partnerships and digital advancements indicate a future-focused approach, benefiting both the members and the broader community.