Fund exodus to HESTA

Over the past five years, public sector employees in Victoria and NSW have gradually been allowed to choose their own super funds. Previously they were forced to belong to a state government fund. In this time, over 15,000 public sector employees have chosen HESTA over their previous state government fund.

HESTA CEO Anne-Marie Corboy says people are choosing HESTA for a number of reasons. "Public sector employees who have been given a choice have been impressed by our strong long term investment returns," she said.

Ms Corboy pointed out that people who choose HESTA find it very easy to retain their HESTA membership when they change jobs as HESTA has over 38,000 participating employers in health and community services.

"Our members find it very easy to take HESTA with them when they change jobs because we have such a large number of employers signed up." Ms Corboy also commented that HESTA has a strong affiliation with the health and community services sector.

"People in the health and community services sector connect with HESTA because we support their industry through offering scholarships, attending conferences and industry events, and getting behind awards that recognise their dedication and professionalism. I encourage any public sector employees who have been given a choice to have a good look at HESTA and see if the fund is right for them."

HESTA is the national industry fund for health and community services, with $8 billion in assets, 525,000 members and 38,000 employers. The Fund has a Platinum Rating from SuperRatings and a AAA Selecting Super Quality Rating.