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What the Researchers Say:

A 'best value for money' superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

You should contact your financial adviser or this fund before making an investment decision.

  • Platinum
  • 7 Year Platinum Performance
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $562 $700 -$138
250k $2,602 $3,016 -$414
500k $5,152 $5,720 -$568

Investment Allocation

Intl shares 16.0%
Aus shares 11.0%
Property 10.0%
Alternative 25.5%
Fixed interest 21.0%
Cash 12.5%
Other 4.0%

Fees & Charges

Membership Fee $52
Asset Admin Fee 0.25%
Investment Fee 0.77%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
Employer Size Discount N/A

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 165,691
Total Assets $24,214,043,000
Year Started 1997
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by ESSSuper - Retirement Income Stream

Flexible investment choice with the ability to choose the sell-down order for regular income payments.
Low fees.
Extensive member education program including free seminars and one-on-one consultations with internal RG146 qualified consultants.
Commutations (withdrawals) processed within 1 business day.
Full fee-for-service financial planning services available at the Fund office, with no commissions.
Online access to account details and regular communication material including quarterly statements.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 1.71%
7.41%
10.46%
11.74%
6.15%
9.91%
Fund
Benchmark
High Growth -0.81%
-0.36%
13.98%
13.21%
19.67%
17.79%
27.95%
22.59%
0.95%
-3.09%
12.42%
11.80%
Fund
Benchmark
Secure 2.38%
1.92%
4.11%
8.25%
5.12%
11.01%
5.95%
12.60%
5.57%
3.18%
Fund
Benchmark
Growth 1.23%
1.40%
9.29%
11.50%
13.82%
15.91%
16.44%
19.45%
5.50%
-1.21%
11.13%
11.20%
Fund
Benchmark
Capital Stable 2.42%
2.20%
5.74%
6.35%
7.67%
8.17%
8.71%
9.14%
6.25%
4.79%
8.12%
7.97%
Fund
Benchmark
Cash 1.92%
1.89%
2.65%
2.61%
2.89%
2.78%
3.67%
3.48%
4.69%
4.76%
4.86%
5.05%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2015, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

Emergency Services & State Super (ESSSuper) continues to go from strength to strength in providing value for money to its members, retaining a Platinum rating for 2016.

The investment menu is made up of six Multi Sector options, a Single Sector option and direct Term Deposits. The default Balanced option underperformed the SuperRatings Index in 2015, although this was accompanied by low levels of volatility. Overall, strong long term risk-adjusted returns have been observed for the fund relative to the SuperRatings index.

The fee structure is competitive across all account balances assessed, while the capped administration fee ($1,500 pa) ensures further savings on larger accounts.

Pension features include a good choice of payment frequencies and flexible death benefit options including binding, non-binding and reversionary choices. Anti-detriment death benefits provide additional value to dependents.

Advice and education is an area of continuous focus for ESSSuper. Members can access financial planning services and the Investment summary tool, where they can view transactions history, use calculators and view statements online. Members can also access limited or full financial planning services on a fee-for-service basis.


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