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What the Researchers Say:

A "good value for money" fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.

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

  • Gold
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $385 $700 -$315
250k $1,925 $3,016 -$1,091
500k $3,850 $5,720 -$1,870

Investment Allocation

Intl shares 20.5%
Aus shares 23.0%
Property 6.0%
Alternative 32.5%
Fixed interest 14.0%
Cash 4.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.00%
Investment Fee 0.77%
Switching Fee $0
Exit Fee $35
Account Size Discount No
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 21,666
Total Assets $4,763,844,736
Year Started 1999
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Energy Industries Superannuation Scheme Pension

Easy to commence - low minimum initial investment of $25,000
No contribution and establishment fees
A simple choice of four expertly managed investment options and one cash option
Member Direct Investments including ASX300 shares, ETFs & Term Deposits
Unlimited investment switching - no minimum amounts
Choice of income payment frequency and flexibility to make withdrawals
Quarterly account statements, e-newsletters and magazines
Ancillary benefits including cost effective financial advice, travel and accommodation deals

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 1.42%
8.36%
12.77%
15.00%
1.66%
10.28%
Fund
Benchmark
High Growth 0.86%
-0.36%
9.95%
13.21%
15.07%
17.79%
19.50%
22.59%
-0.77%
-3.09%
11.62%
11.80%
Fund
Benchmark
Conservative Balanced 1.26%
1.92%
7.88%
8.25%
11.08%
11.01%
12.09%
12.60%
3.83%
3.18%
8.78%
9.13%
Fund
Benchmark
Capital Stable 1.93%
2.20%
6.20%
6.35%
8.17%
8.17%
8.08%
9.14%
6.38%
4.79%
7.53%
7.97%
Fund
Benchmark
Cash 1.43%
1.89%
2.20%
2.61%
2.38%
2.78%
2.83%
3.48%
4.10%
4.76%
4.53%
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

The Energy Industries Superannuation Scheme (EISS) is a public-offer industry fund, which was established in 1997 for public sector employees of the NSW energy industry. The Account Based Pension commenced in 1999. EISS was the winner of the 2015 Rising Star Award, in recognition of consistent improvements to its product offering which have significantly enhanced value for its members.

Members have access to 5 Diversified and Single-Sector investment options. Furthermore, access to ASX300 Shares and Term Deposits is provided via the Direct Investment Option (Use of Direct Investment Option entails additional costs). The EISS Pension Diversified option has exhibited long-term returns below the SuperRatings Index.

Fees for this product are rated as excellent across all assessed account balances. Investment fees are capped at 1% p.a. and no administration fees are charged. However, exit fees still apply.

EISS Pension features a number of pension payment frequencies such as monthly, quarterly, half yearly or annual. A choice of Lump-Sum or Reversionary Death Benefit payments is also available. A minimum of $25,000 is required to commence the pension.

In-house financial planning, free educational seminars and discounted health insurance are also available to members.


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