arrow-downarrow-leftarrow-rightarrow-upcarret-downcarret-leftcarret-rightcarret-upclosedownloadenvelope-altenvelopefacebookhouseinfoinstagramjargon-busterlinkedinlocationmediamenunew-tabpencilphoneprintsearchshareticktooltiptwitteryoutube
Skip to main content

Meet Hostplus, CUB's new super fund.

At your service.

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.

Why Hostplus?

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:

  • A range of tools to make your super simple, including a mobile app launching later in 2019
  • Committed support for CUB staff with tailored workplace education experiences
  • A low administration fee of just $1.50 per week
  • A market leading default investment option
  • 23 additional investment options to choose from
  • Dedicated financial planners to help you get the most from your super
  • Special rates for CUB staff for Automatic Death/Total & Permanent Disability (TPD) insurance as well as the ability to tailor your cover to your needs

What do you need to do?

Plum 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.

To choose another fund or stay with Plum, download this Choice form to your desktop and email to super@cub.com.au by 25 November 2019.

If you have previously selected your own super fund

If you'd like to have your super contributions paid to Hostplus:

  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 super@cub.com.au by 25 November 2019.

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.

If you’re an existing Hostplus member

To take advantage of the special insurance arrangements available to you as CUB staff members:

  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 super@cub.com.au by 25 November 2019.

We will be in touch to confirm the changes have been made to your account soon after.

Hostplus are here to help

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.

Frequently Asked Questions (FAQ)

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:

  • Committed support for CUB staff with tailored workplace education experiences delivered over the coming months and beyond.
  • A low administration fee of just $1.50 per week which has remained unchanged since 2004.
  • Consistent long-term investment returns – for the year ending 30 June 2019 Hostplus’ Balanced*, default investment option produced a sound investment return of 6.8%. According to the SuperRatings SR50 Balanced Fund Crediting Rate Survey June 2019, this result makes Hostplus the number one performing fund over 3, 5 and 7 years and number two over 10, 15 and 20 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 CUB staff for automatic Death/Total & Permanent Disability (TPD) insurance with a Plan Rating Factor^ (PRF) of 0.399 and Income Protection insurance with a PRF of 0.531 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.

*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 an age-based scale. For more information please refer to the Hostplus PDS at pds-executive.hostplus.com.au.

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.

Of course! Hostplus and CUB are committed to making sure you are supported throughout this important change. We’re here to help. You can contact Hostplus on 1300 467 875.