Got an email today June 5 that payment will be received in 5 business days. Not prepared to wait wh... at might have been hours or even days, I provided a negative review via Product Review. My accountant is waiting for them. From retail super funds to self managed super funds, view reviewer ratings for the best super funds of 2020! QUICK LINKS.
Overview; Performance; Breakdown; Distributions; Fund objective. We would welcome the opportunity to put you in contact with one of our financial planners.
You are a joke... a big fat joke. We aim to process early access requests within 5 business days of receiving ATO approv... al. Why delaying it? For more information about fees and costs, please see the Product Disclosure Statement and Investment Menu. I had to print the government form out and sign it and post it off to them.
I have not been advised of the issue with this claim or the progress of this either. We know how important it is that members in financial distress receive support as quickly as possible and assure yo... u we have never, and would never, employ tactics designed to deliberately slow the processing of ER payments to our members.
Hi Luke, we’re sorry to hear you’ve had a poor experience but thank you for taking the time to provide feedback. Thank you, Hostplus.
For me to apply & join Hostplus on a New Income Protection Plan was a ridiculously High Fee & more than triple my previous Protection. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.
Again we apologise for your experience with us. I requested this with my last call & it should not take this review to have Hostplus to react. Hostplus advised to rollover money from my other super into Hostplus so I could do a contribution split to my wife's account.
Had I have stayed with my Previous Super I would have received 12 Weeks Pay at 80% of my Wage after losing my Job through COVID-19. "It's a tough business, especially in Melbourne, where it is quite a saturated market," Mr Murrell said. Another option with Hostplus is Choiceplus, where you can buy individual shares including a range of ETF's. They said it a government form and it was not secure. Hi Teneal, we are sorry that we have not met your expectations during this process. This is by no means the experience we want our l... Read more, I have applied for mine, 8 days ago, am now anxious,thinking I shouldn't have left it till I was in dire straits....after reading all these reviews I will be changing funds, I rang 7 times after I said I was going to consumer affairs they paid it the next day.
Look for those that are passively managed or use the term index. Historical performance is not a reliable indicator of future performance. Hostplus, which declined to respond to Mr Pape, denied that it was trying to restrict investors and said the changes were administrative. I also set it up for my mother whose about to retire - using the 'bucket' strategy, so that she doesn't need to sell capital when in pension phase. So these 3 are all growth but the indexed one definitely has the lower fees given it is passive vs active of the other 2.
Keep up to date, don't be the last to know! "The only other time we’ve seen such a long sequence of positive returns was from 1992/93 to 2000/01," he said. I was with my Previous Super for many Years & had Not 1 Claim with my Income Protection.I decided to look into an Industry Super Fund after seeing the Advertising.When I spoke to Hostplus about joining; I was told it would be easy for me to role Over my Income Protection into Hostplus.I joined & applied for Income Protection to be rolled over with all relevant Paperwork ...Read more, Hi Peter, we’re sorry to hear you’ve had a poor experience but thank you for taking the time to provide feedback. I asked why can't I fill out the form online and do an electronic signature and send it to them.
Can I ask what stage “ processed “ is ? Hi T N. We’re sorry to hear you’ve had a poor experience but thank you for taking the time to provide feedback. Thanks HostPlus! Hostplus offered neither of these options.
"You’ll see that I’ve mentioned many of them in my columns and books.
The fund strategy is not currently available for this fund. They told me the international shares - indexed option is based on IFM Investors Indexed Global Equities Strategy. The process to do this was honestly so old school I was shocked. Out of the 5,494 Australian funds researched with a 10 year track record, 81% underperform the industry standard benchmarks by an average of 2.12%, with average fees of 1.79%^.
Fund Strategy.
Hi Rhonda, Thanks for contacting us. I few years back i decided to roll all my super together over the last 20 years, this included military super, super from work in abattoirs, super from labouring and all bar one had super that was host plus, all the money I earnt of two years hadn’t grown a cent it was consumed in fees, they shouldn't even be allowed to operate.
The experience of getting my super from Hostplus during the COVID crisis has been very disappointing to say the least.
It's ok for them, they go home with their pay but they're witholding money that we desperately need to live, keep a roof over our heads and put food in our children's mouth!
Press J to jump to the feed.
Hi T N. We’re sorry to hear you’ve had a poor experience but thank you for taking the time to provide feedback. We do look forward to hearing from you and putting you in contact with our financial planning team. Peer-to-peer lending is quickly gaining popularity among Australian borrowers and investors. Add articles to your saved list and come back to them any time. So I did. With inflation running at about 2 per cent, that translates to a target of about 5.5 per cent. We strive to deliver the highest possible service standards to our members and we are disappointed to read this. Hostplus is a top performing super fund. Rang to see if everything was ok with my super release, was told everything was good, funds had been transfered to my account, now was in the hands of the bank, could take 5 days for them to release it . Our contact centre is open from 8am to 8pm Monday to Friday, but during this time of significant call volumes, we recommend that if you want to speak to a pensions specialist then it is best to call between the hours of 8am to 9am or after 6pm.
While we strive to deliver the highest possible service standards and solutions to our m... Read more, Thank you for taking the time to reply but I have already escalated this to HostPlus Resolutions over a month ago and although they emailed to acknowledge receiving the complaint they have not done an... Read more, Hi TIR, thank you for providing further information regarding your case. 4.4: 13.8: 1.5--3.2: 10.0: 2.0: 7.6: 7.7: 89/375: 70/375: 183/375--Quartile Ranking: 1: 1: 2--Performance Criteria. Please check with them! Anyone know if having a mandate that “applies a combined benchmark” simply means “we track the index”? The fees they charge are obscene - so many cheaper options out there!
"In seeking and securing investment opportunities that generate returns while also working to improve the world we live in, we recognise that many of these investments also support one or more of the UN Sustainable Development Goals," Hostplus said.
This is really terrible! Given that the government has halved the minimum amount that I need to draw each year for my pension, has this become Hostplus’s default option? Looking to build resilience into your portfolio? Build a diversified portfolio to match your needs with our range of low cost investment options. This was not true & my Application to roll this over was rejected because I ticked that I had previously used Workers Compensation. You're not really comparing apples with apples anyway, you need to compare it to other options inside super. "Why would you be in fixed interest when it's not yielding [much]," he said. We’re sorry to hear of your disappointing experience with us, especially during these difficult times. Investing trends and strategies from the industry’s thought leaders. FS Advice: The Australian Journal of Financial Planning, FS Super: The Journal of Superannuation Management, FS Private Wealth: The Journal of Family Office Investment, FS Managed Accounts: The Journal for Managed Account Professionals, FS Sustainability: The Journal of ESG Integration, The latest issue of Financial Standard now available as an e-newspaper, Hostplus invests in vegan meat, sustainability.
Hi Darryl P we’re sorry to hear you’ve had a poor experience and thank you for taking the time to provide feedback. Still waiting. Now I am questioning their security system. We’re sorry to hear of your disappointing experience with us, especially during these difficult times.
Whirlpool Forums Addict reference: whrl.pl/Re7OID. We understand that you may not want to speak with one of our advisers at this time, however if you do change your mind or you would like to discuss this further, please do reach out to us via private message. Income Protection that was made easy to join & not expensive.
We’re sorry to hear you’ve had a poor experience but thank you for taking the time to provide feedback. Was he kidding me? He said the better-performing funds over the financial year are those withhigher allocations to listed shares and to unlisted assets – property, infrastructure and private equity. The mandate that Hostplus has with IFM in managing the IFM Indexed Global Equities Strategy applies a combined benchmark comprising 50% MSCI World Index ex-Australia (unhedged in AUD with net dividends reinvested) plus 50% MSCI World Index ex-Australia (unhedged in AUD with gross dividends reinvested).”.
Mr Pape, a financial counsellor whose book has sold more than 1 million copies, said he didn't intend to leave Hostplus, but criticised investments in these assets, which can generate high management fees and aren't easy to value because they aren't traded on financial markets. It’s like an internal share trading account within your super account and allows you to purchase shares, LICs and ETF’s within your super. Press question mark to learn the rest of the keyboard shortcuts.
Only to now find out that they won't do the Contribution Split because they cant "prove" the rollover was employer contributions only, even if I supply them with a super statement showing the contributions. We have replied to your Question on this site, however we wanted to let you know we have received your review also. We are disheartened to read about the experience you’ve had with Hostplus during this difficult time. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. * Mandatory fields. Hi, we thank you for taking the time to leave a review. Is this a real organisation? At the same time they will be able to talk through our insurers underwriting process and why some claims may be rejected or loaded and if there are any other options available to you. The peer calculation is inclusive of admin and management fees; excludes brokerage and no withdrawals have been made. We are sorry to hear that you haven’t had a positive experience as a member of Hostplus. I have not felt good at all about bringing my Super over the Hostplus & will look for another Super.
By the time I noticed I had already lost a decent amount of my super, being young I wasn’t earning that much anyway so it was very disheartening to see after years of working they had taken a d...Read more, Thanks for taking the time to provide your feedback.
I said my email could get hacked so how is that secure? Thank you, Hostplus. The point on Income Protection Insurance is I was advised on the phone by a Hostplus Customer Service Member that it would be easy to roll over my existing Income Protection from another Insurer whils... t joining Hostplus.
That doesn't make sense.
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