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Electricity Industry Superannuation Scheme - Retirement Income Stream

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$530
No information has been provided by the fund to SuperRatings.
Electricity Industry Superannuation Scheme (EISS) is a non-public offer fund that was established in 1999 for employees in the South Australian electricity industry and their spouses. The Retirement Income Stream was established in 2008 and a minimum initial investment of $30,000 is required to join. Investment choice is limited, with three diversified strategies and a cash option. Historical performance is not publicly available for this product; however, the Accumulation Divisions Balanced Growth option has outperformed the SuperRatings Index over the five years to 30 June 2017.Fees for the Retirement Income Stream are lower than the industry average across all assessed account balances. No fee will be charged for member withdrawals, but fees will apply for partial balance transfers to another fund. The fund offers reasonable product flexibility, with a choice of fortnightly through to yearly pension payment options made into a nominated bank account. Estate planning features such as binding nomination and reversionary pension are available to members.EISS offers members access to educational materials along with industry news and financial planning tools through the fund's website. The fund regularly conducts information seminars with contributing employers to ensure members are well informed of their retirement needs.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$83
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.66%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$0
Exit fee
Exit fee
$83
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.66%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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