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HESTA numbers grow
The new choice of superannuation fund regime is having a positive outcome for at least some industry funds, with the big health and community services sector fund HESTA reporting that it signed-on nearly double the normal number of members during July.
HESTA chief executive said HESTA signed on 1,200 new employer members in July, when it normally averages around 500.
“We have always been confident about maintaining members through the introduction of superannuation choice, but it’s very satisfying to see so many employers signing up,” Corboy said.
AUTHOR
Mike Taylor
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