Home' Australian Hotelier : AH February 2017 Contents AUSTRALIAN HOTELIER FEBRUARY 2017 | 21
DAVID ELIA, CEO
WHAT HAVE BEEN THE HIGH-
LIGHTS AND CHALLENGES OF
2016 FOR HOSTPLUS?
Performance has been a major highlight this
year for Hostplus.
For the financial year ended 30 June 2016,
the Hostplus Balanced MySuper option
delivered a 5.0% return to members against
an industry median of 2.81% according to
the SuperRatings SR50 Balanced Performance
survey. This result ranked Hostplus in the top
quartile of the best performing super funds
Performance has continued strongly with
Hostplus positioned among the top three
funds in Australia over 1, 3, 5 and 7 years for
its Balanced option in Selecting Super’s most
recent league tables for November 2016. Our
10-year results were also top quartile, ranking
us in the top 10 best performing funds over
Our quality assessments have also been a
highlight, with Hostplus retaining the top level
5-star rating for its suite of products in Heron
Partnership’s most recent assessment of the
Australian superannuation market.
Other ratings agencies rate us strongly as
well – five apples from Chant West, triple A
rating from Rainmaker and SuperRatings'
Platinum rating. These are the highest ratings
in their categories from these independent
rating firms. We have also recently been
acknowledged for our investment leadership
by Rainmaker and recently Money magazine
awarded Hostplus’ Indexed Balanced option
its fifth consecutive award as the lowest-cost
balanced super fund in the country.
Challenges are mostly on the political front.
Because superannuation has become politicised
many potentially confusing messages are
published in the media every day. So our focus
is to reassure members that we will update
them when they need to know about changes
from Canberra that affect them.
WHAT INNOVATIONS DID
HOSTPLUS INTRODUCE IN 2016?
Investments are always a focus. This year
we enhanced our investment team and were
delighted to receive the Selecting Super
Investment Leadership award in recognition of
our consistently strong long-term returns and
We also have to thank our members for our
ability to innovate in investments. Because
we have a relatively young membership,
we are able to take a long-term view and
invest in asset classes such as infrastructure
and other unlisted assets such as property,
infrastructure and private equity. In turn,
these unlisted assets provide the fund with
broader investment diversification and the
downside protection from the volatile nature
of listed markets that accompany increased
HOW HAVE SUPERANNUA-
TION REGULATIONS AFFECTED
HOSTPLUS’ OFFERING IN 2016?
The announced Budget measures which
have just passed through the Parliament will
largely become effective from 1 July 2017
and we are pleased that support for lower
salary earners has been protected with a
Low Income Superannuation Tax Offset.
Australians with an adjusted taxable income
up to $37,000 will receive a refund into
their superannuation account of the tax
paid on their concessional superannuation
contributions, up to a cap of $500. This means
that most low income earners will pay no tax
on their superannuation contributions. Low
income earners, who are disproportionately
women, will benefit from the Low Income
Superannuation Tax Offset and we believe this
reform will benefit many of our members.
WHAT CAN WE EXPECT FROM
HOSTPLUS IN 2017?
Continued focus on providing the market
with a strong product offering and digital
enhancements to improve how members access
and engage with their super details. We have
been delighted with the response to our digital
member card and on the back of that success
will look to provide further enhancements over
time. Also we are moving to digital members’
statements in 2017 and have been working to
inform members of that exciting – and paper
saving – development.
HOW DO YOU THINK THE
NATIONAL HOSPITALITY MARKET
IS PLACED FOR 2017?
We are confident that hospitality will continue
to go from strength to strength. Every day new
venues appear that our members are employed
in. And to support this growth international
arrivals are forecast to increase 6.7% to
8.3 million in 2016-17; domestic tourism is
forecast to grow 3.8% to 340 million ‘nights’;
and total visitor expenditure is expected to
grow 4.9% to $123 billion, according to
Tourism Research Australia (Tourism Forecasts
2016 – 14/07/2016).
WHAT DO YOU THINK WILL BE NEW
OPPORTUNITIES FOR HOSTPLUS
IN THE NEXT TWELVE MONTHS?
Continuing to increase our presence in the
industries we serve and to continue to
develop products that are tailored for our
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