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Changes to our advice fee caps

Published August 2023

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Hostplus
Content Team
1 min read
Updated 14 Aug 2023
  • Advisers

In recognition of the increasing cost to deliver quality financial advice, we’ve increased our advice fee limits to provide you with more flexibility when providing advice.

Our advice fee caps have changed as follows:

Previous maximum fee payable (per member) New maximum fee payable (per member) 
The lower of $3,000 or 1.5% of the member’s account balance The lower of $6,000 or 2% of the member’s account balance1


In addition to the fee caps, your client must retain a minimum balance of $15,000 (increased from $6,000) in their Hostplus account after the fee deduction is applied.2

For further information on our advice fee requirements, please refer to the Hostplus Advice Fee Fact Sheet.  

If you have not yet registered with Hostplus, you can do so by completing and returning the Adviser and Licensee Agreement

We’ve made advice fee consent requests easier

We’ve also removed the requirement for advisers to provide certified proof of identification for their clients when submitting the advice fee consent, making the process quicker and easier.

Need help?

Hostplus is a long-standing advocate of quality financial advice and the benefits it can provide to the retirement outcomes of our members. We’ll continue to work on ways that better support your needs. 

We're here to help you and your clients at every step of their financial journey. That includes providing tools, support and resources that make a real difference. Click here to learn more or call us on 1300 467 875 (and select option 4).

1. Advice fee requests outside these limits may only be approved at the discretion of the Trustee.

2. Advice fee amounts are definable as ‘inclusive of GST’ as either a dollar or percentage amount.