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Hostplus | AFL

Meet Hostplus, AFL's new default super fund.

At your service.

As a dedicated Industry SuperFund for hospitality, tourism, recreation, and of course sport, Hostplus has consistently championed the sporting industry for more than 30 years. Hostplus understand super, we understand service, and, more importantly, we understand your industry, your values, and what matters most to you at AFL.

The AFL’s superannuation partnership with Hostplus will begin on 28 February 2020. This means that from 28 February 2020 onwards, the superannuation guarantee (SG) contributions the AFL makes on your behalf (currently 9.5% of your ordinary time earnings) will be paid to Hostplus unless you tell the AFL to pay SG contributions to another super fund or have previously chosen another super fund and don’t choose to come to Hostplus.

For further information please keep reading or contact Hostplus Account Manager, Stefan Zubielevitch on SZubielevitch@Hostplus.com.au or 0410 609 483.

Why Hostplus?

The AFL and Hostplus are excited to partner together to make a tailored superannuation offering available to AFL employees. Here’s just a few of the benefits that will be offered by Hostplus to AFL staff under the new arrangement:

  • A range of tools to make your super simple.
  • Committed support for AFL staff with tailored workplace education experiences.
  • A low administration fee of just $1.50 per week*.
  • Consistent, market-leading, long-term investment returns**
  • 23 additional investment options to choose from.
  • Dedicated financial planners*** to help you get the most from your super.
  • Special rates for AFL staff for Automatic Death/Terminal Illness and Total & Permanent Disability (TPD) and default Salary Continuance cover insurance^ as well as the ability to tailor your cover to your needs.

What do you need to do?

If you did not previously instruct the AFL to pay SG contributions to any particular super fund, you are classified as an AMP Default member. As an AMP default member, to have the AFL pay future SG contributions to Hostplus, you don’t need to do anything. This is because the AFL is changing its default fund to Hostplus and this means that from 28 February 2020, the AFL will automatically pay SG contributions to Hostplus on behalf of all AMP default fund members who do not choose another super fund.

To choose another super fund (other than Hostplus) or stay with AMP, download this Superannuation Standard Choice Form (Choice Form) to your desktop and email a completed copy of the Choice Form nominating your chosen fund to the AFL at: super@afl.com.au by 3 February 2020.

If do not choose another super fund you will become a member of Hostplus once the AFL starts paying SG contributions to Hostplus on your behalf (from 28 February 2020). After Hostplus receives your first contribution we will contact you via email to help you access your online account and assist you in making an informed decision about your superannuation arrangements. This may include the consolidation of any other super account(s), including any current AFL default super account you have with AMP.

If you have previously completed a Superannuation Standard Choice Form (Choice Form) nominating a super fund of your choice and provided it to the AFL (you most likely would have done this when you commenced employment with the AFL) you have been deemed as having selected your own super fund. Your choice of fund election will remain in place unless you decide to change it. You can change your super fund at any time by submitting a new Choice Form to the AFL.

If you’d like the AFL to continue to pay SG contributions to your existing fund, you don’t need to do anything. AFL will continue to pay SG contributions into your current fund as normal.

If you'd like the AFL to pay future SG contributions to Hostplus on your behalf from 28 February 2020 onwards you can do this by following these steps:

  1. download this Choice Form to your desktop
  2. close your Internet browser
  3. open the document from your desktop
  4. complete the form and click the ‘submit’ button to email the form to the AFL at: super@afl.com.au by 3 February 2020.

As an existing Hostplus member, the AFL already pays SG contributions to Hostplus on your behalf. However, the Hostplus superannuation product that you currently hold does not provide access to the tailored insurance offering which the AFL has negotiated with Hostplus – this is only available to members of the AFL arrangements within the Hostplus Superannuation Fund – Executive product (AFL arrangements). If you want to access the tailored insurance arrangements, you must switch from your current Hostplus product to the AFL arrangements by completing a Superannuation Standard Choice Form (Choice Form). You are not required to switch Hostplus products, however Hostplus cannot offer you the AFL arrangements if you do not switch.

As you have previously selected Hostplus as your super fund, that election will remain in place unless you decide to change it. You can switch to the tailored insurance offering or choose another super fund at any time by submitting a new Choice Form to the AFL. However, please note that if you join outside of the initial 90 day window there will additional underwriting requirements in relation to accessing the tailored insurance arrangements.

If you’d like the AFL to continue to pay SG contributions to your existing Hostplus product, you don’t need to do anything. AFL will continue to pay SG contributions into your current account with Hostplus as usual.

To switch from your existing Hostplus product to the tailored AFL arrangements from 28 February 2020 onwards you should:

  1. download this Choice Form to your desktop
  2. close your Internet browser
  3. open the document from your desktop
  4. complete the form and click the ‘submit’ button to email the form to the AFL at: super@afl.com.au by 3 February 2020.

You should read the relevant Product Disclosure Statement (PDS) available at hostplus.com.au before making a decision about whether to switch. If you are unsure about whether or not you should be taking any action, you should seek independent financial advice.

Following a comprehensive review of the AFL’s superannuation arrangements, we are pleased to announce that from 28 February 2020 the AFL will be partnering with Hostplus as their default superannuation provider for AFL employees.

This means that from 28 February 2020 onwards, the superannuation guarantee (SG) contributions the AFL makes on your behalf (currently 9.5% of your ordinary time earnings) will be paid to Hostplus unless you tell the AFL to pay SG contributions to another super fund or have previously chosen another super fund and don’t choose to come to Hostplus.

Hostplus is the national superannuation fund for those that live and love Australian hospitality, tourism, recreation and sport. Hostplus was established over 30 years ago in 1988 and is one of Australia’s largest super funds with over 1.2 million members, and more than $50 billion funds under management at December 2019.

With a shared heritage in and passion for all things sport, Hostplus understand super and service, but more importantly we understand AFL’s industry, values, and what matters most to AFL staff.

The AFL and Hostplus are excited to partner together, and to provide AFL staff access to this tailored superannuation offering. Here’s just a few of the benefits that will be offered by Hostplus to AFL staff under this new arrangement:

  • Committed support for AFL staff with tailored workplace education experiences delivered over the coming months and beyond.
  • Administration fee of just $1.50 per week* which has remained unchanged since 2004.
  • Consistent long-term investment returns – According to the SuperRatings SR50 Balanced Fund Crediting Rate Survey June 2019, Hostplus is one of the top three performing funds over 20, 15, 10, 7, 5 and 3 years**.
  • A market leading default investment option and 23 additional investment options to choose from.
  • A range of online tools to make managing your super simple, including access to your super account online.
  • Access to Hostplus dedicated financial planners*** to help you get the most from your super and an online financial advice tool.
  • Special premium rates for AFL staff for automatic Death/Terminal Illness and Total & Permanent Disability (TPD) insuranceand default Income Protection insurance for eligible staff, as well as the ability to tailor your cover to your needs.
  • Access to banking benefits through ME Bank, including low rate credit cards, home loan offers and fee free transactional banking#.

Hostplus will become the AFL’s default superannuation provider as of 28 February 2020.
This means that from that date onwards, the superannuation guarantee (SG) contributions the AFL makes on your behalf (currently 9.5% of your ordinary time earnings) will be paid to Hostplus unless you choose another superannuation fund or have previously chosen another super fund and don’t choose to come to Hostplus.

All AFL staff can choose where they would like the AFL to pay SG contributions from this date by completing a Superannuation Standard Choice Form (Choice Form). The AFL will send you information about where to find a Choice Form and how to complete it.

IMPORTANT NOTE: If you choose to join Hostplus, any existing superannuation accounts that you have (eg. your AMP account) will not automatically transfer to Hostplus. Shortly after 28 February 2020, Hostplus will be in touch with AFL employees who have joined Hostplus to help them register for online account access. At this time, Hostplus will also offer to assist new members in making an informed decision about consolidating any other superannuation accounts that members may have into one account. 

You gain access to Automatic Death/Terminal Illness and Total & Permanent Disablement (TPD) coverage calculated as age-based units with a Plan Rating Factor^^ of 0.418.

You gain access to:

  • Automatic Death/Terminal Illness and Total & Permanent Disablement (TPD) coverage calculated as 2 x salary up to an Automatic Acceptance level of $1,500,000 with a Plan Rating Factor^^ of 0.31.
  • Automatic Salary Continuance Insurance of 75% x salary, payable after a 90 Day wait for a benefit period of 2 years up to an Automatic Acceptance Level of $14,000 per month with a Plan Rating Factor^^ of 0.958. 

Any cover over the Automatic Acceptance Level may require further assessment.

Cover is subject to terms and conditions and eligibility criteria - refer to the Hostplus PDS for details.

You gain access to:

  • Automatic Death/Terminal Illness and Total & Permanent Disablement (TPD) coverage calculated as 2 x salary up to an Automatic Acceptance level of $1,500,000 with a Plan Rating Factor^^ of 0.31.  
  • Automatic Salary Continuance Insurance of 75% x salary, payable after a 90 Day wait for a benefit period to age 65 years up to an Automatic Acceptance Level of $14,000 per month with a Plan Rating Factor^^ of 0.958. 

Any cover over the Automatic Acceptance Level may require further assessment.

Cover is subject to terms and conditions and eligibility criteria - refer to the Hostplus Product Disclosure Statement (PDS) for details.

 

 

You will initially receive the default insurance design within your Hostplus Executive account

If you elected at any stage to increase your cover through AMP:
You will need to transfer this cover to your new Hostplus account. Hostplus will contact you to assist with this transfer once your account and insurance are ready.

If your cover through AMP was above the AAL and/or Hostplus transfer terms:
Hostplus will contact you to support your transition to the new arrangements.

If you have elected to at any stage lower your cover through AMP:
You will get default cover, which may be higher than your previously insured amount.
You can immediately reduce this amount of cover to suit your specific circumstances.

If you had no insurance cover through AMP:
You will get default cover.
You can immediately reduce this amount or opt out of cover entirely should you wish.

If you did not previously hold Death & TPD and/or Income Protection insurance through the AFL arrangements with AMP, Hostplus will provide you with access to the default Death & TPD and/or Income Protection cover applicable to your category of membership through your new Hostplus account, noting that you can choose to opt out should you wish. 

Please note if you opt out of insurance within 14 days of Hostplus telling you that your cover has commenced, all premiums will be refunded back to the cover commencement date. No cover will then apply for that period.

Cover through Hostplus is subject to terms and conditions and eligibility criteria - refer to the Hostplus PDS for details.

The Putting Members' Interests First (PMIF) legislation is designed to protect members’ account balances from being unnecessarily eroded by inappropriate insurance premiums.

If you come across to Hostplus, you may be entitled to automatic insurance cover commencing 28 February 2020. Please be aware however, if your account balance is less than $6000 on or after 1 November 2019 and remains below $6000 for the entire period up until 1 April 2020, any insurance cover you have will be cancelled on and from 1 April 2020 unless you elect to maintain your cover in writing before 1 April 2020. For information about these changes and how to make an election in writing to maintain insurance cover with Hostplus please go to hostplus.com.au/insurancechanges

This legislation impacts account holders of all super funds. If you have an account with another super fund and your account balance is below $6000 for the relevant period, you may need to take action to retain any insurance you hold with that fund.  

We know that this is an important decision, so to help you to make an informed choice the AFL have arranged for the team from Hostplus to be available at a number of AFL offices. Session details will be made available to you by email so keep an eye out.

During the session the Hostplus team will be on-hand to take you through the details of the AFL's transition to its new default fund and to answer any questions you may have.

Alternatively, you can visit pds-executive.hostplus.com.auto learn more about Hostplus and obtain a copy of the Hostplus Product Disclosure Statement.

Of course! Hostplus and the AFL are committed to making sure you are supported throughout this important change. We’re here to help. You can contact your AFL team via super@afl.com.au or contact Hostplus Account Manager, Stefan Zubielevitch on SZubielevitch@Hostplus.com.au or 0410 609 483.

Hostplus are here to help

We understand that choice of fund is an important decision so to help you make an informed choice the AFL have arranged for Hostplus to be available at a number of AFL offices. During the session, a dedicated Hostplus Account Manager will be there to answer any questions you may have.

In addition please refer to the below FAQs to assist in any queries you may have.

*Other fees and charges also apply - refer to the Hostplus Superannuation Fund Product Disclosure Statement (PDS) for details.

**Number one fund over 7 years (11.13% p.a.) (48 funds), 5 years (9.65% p.a.) (48 funds) and 3 years (10.80% p.a.) (48 funds), and number two fund over 20 years (8.10% p.a.) (21 funds), 15 years (8.16% p.a.) (29 funds) and 10 years (9.67% p.a.) (45 funds) – SuperRatings Fund Crediting Rate Survey, 30 June 2019. Past Performance is not a reliable indicate of future performance.

***Hostplus has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL No 232514 to facilitate the provision of personal financial advice to members of Hostplus. Advice is provided by one of our financial planners who are Authorised Representatives of IFS. Fees may apply for the provision of financial advice (other than a fact find). Further information about the cost of advice is set out in the relevant Financial Services Guide, a copy of which is available from your financial planner. IFS is responsible for any advice given to you by its Authorised Representatives.

^Insurance cover provided through Hostplus is issued by MetLife Insurance Limited, ABN 75 004 274 882, AFSL 238096 (MetLife) to Host-Plus Pty Limited for the benefit of Hostplus members.  Cover is subject to terms and conditions and eligibility criteria. Some occupations are excluded from cover and some members may not be provided with cover or may be provided with different types and levels of default cover depending on their circumstances. 

^^The Plan Rating Factor is used in the calculation of the premium rate for the tailored insurance offering available to AFL employees. The Plan Rating factor is applied to Hostplus Executive standard premium rates which can be found in the Hostplus Executive PDS at pds-executive.hostplus.com.au. The Plan Rating Factor is guaranteed for an initial period of 3 years.

#The banking products described are provided by Members Equity Bank Limited (ME) ABN 56 070 887 679 AFSL and Australian Credit Licence 229500. For more information about ME and their products and services, including the terms and conditions, please call 13 15 63 or visit mebank.com.au. Please consider if these products are appropriate for you.

These FAQs have been prepared by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392, as trustee for the Hostplus Superannuation Fund (the Fund) ABN 68 657 495 890, MySuper No 68 657 495 890 198.

This information is general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this advice is appropriate for you in light of your circumstances before acting on it. Please read the relevant Hostplus Product Disclosure Statement (PDS), available at pds-executive.hostplus.com.au before making a decision about whether to acquire or continue to hold Hostplus superannuation.