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Energy Industries Superannuation Scheme Pension

Past 5-year return
9.63%
Admin fee
$0
Calculated Fees on 50k
$505
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 & 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
EISS Super 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. . 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, although additional costs may be incurred. The Balanced option (known as the Diversified option prior to 26 May 2017) has underperformed the SuperRatings Index over the short and long term.Fees for the Balanced option are lower than the industry average across all assessed account balances, with no member fees or asset administration fees charged. However, exit fees do apply. A reasonable level of pension flexibility is provided, with a choice of multiple payment frequencies, ranging from bi-monthly to annually. Members can also nominate a fixed percentage drawdown order for pension payments, or drawdown proportionately across investments. In-house financial planning, free educational seminars and discounted health insurance are also available to members.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$35
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.00%
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
$35
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.00%
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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