As the dedicated Industry SuperFund for hospitality, tourism, recreation, and sport for over 30 years, Hostplus understand super, we understand service, and, more importantly, we understand your industry, your values, and what matters most to you at CUB.
CUB’s partnership with Hostplus will begin on 26 November 2019.
CUB and Hostplus are excited to partner together, and we think you should be too – here’s just a few of the benefits enjoyed by Hostplus members:
To have your super contributions paid to Hostplus, you don’t need to do anything.
From 26 November 2019, contributions will be submitted to Hostplus on your behalf, if you don’t return the Choice form to CUB. After your first contribution is received, we will contact you via email to help you set up online access and explain how you can consolidate your Plum account.
If you'd like to have your super contributions paid to Hostplus:
After your first contribution is received, we will contact you via email to help you set up online access and explain how you can consolidate your other super account/s.
If you’d like your super contributions to be paid to your existing fund, you don’t need to do anything. CUB will continue to pay contributions into your current fund as normal.
To take advantage of the special insurance arrangements available to you as CUB staff members:
We will be in touch to confirm the changes have been made to your account soon after.
We understand that this is an important decision so to help you make the right choice CUB have arranged for Hostplus to be available at all CUB worksites. During the session, a dedicated Hostplus Account Manager will be there to answer any questions you may have.
Alternatively, we have developed a range of FAQs to assist in any queries you may have.
Carlton & United Breweries has completed a comprehensive review of our superannuation arrangements and we are pleased to announce that from 26 November 2019, CUB will be partnering with leading industry fund, Hostplus as our new default superannuation provider.
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 the Australia’s largest super funds with over 1.2 million members, and $45 billion funds under management.
With a shared heritage in hospitality, Hostplus understand super and service, but more importantly they understand our industry, our values, and what matters most to us here at CUB.
We’re excited to partner with Hostplus, and we think you should be too – here’s just a few of the benefits for CUB employees to enjoy:
*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.
^The Plan Rating Factor is used in the calculation of CUB’s specially negotiated premium offer. 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, with an extension to 5 years subject to the CUB arrangement.
Hostplus will become our default superannuation provider as of 26 November 2019.
All CUB staff can choose where you’d like your superannuation contributions to be paid from this date.
Death and Total & Permanent Disability (TPD) insurance cover is calculated as:
15% x salary x FYS to 65 (option to opt for 5%, 10%, 20%, 25%, 30%).
The Automatic Acceptance Limit (AAL) is $2,000,000.
Group Salary Continuance (GSC) insurance cover is calculated as:
75% of salary with a 60 day waiting period and 2 year benefit.
The Automatic Acceptance Limit (AAL) is $20,000 per month.
Death and TPD insurance cover is calculated as fixed cover.
GSC is calculated as 75% of salary with a 60 day waiting period and 2 year benefit period.
If you have extra insurance cover, your current level of insurance with Plum will be matched by Hostplus.
If you have opted out of cover, you will not receive automatic cover with Hostplus, but once you join, you can apply to receive insurance with Hostplus should you wish.
Hostplus know that this is an important decision, so to help you to make the right choice we’ve arranged for the team at Hostplus to be available at all CUB worksites over the coming weeks. Session details will be made available to you by email so keep an eye out.
During the session the Hostplus team will be on site to take you through the details and to answer any questions you may have.
Alternatively, you can visit pds-executive.hostplus.com.au to learn more.