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What the Researchers Say:

A "good value for money" superannuation 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.

  • MySuper Gold
Awards
Fund data valid as of July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $32 $156 -$124
50k $320 $627 -$307
100k $640 $1,155 -$515

Investment Allocation

Intl shares 17.5%
Aus shares 18.5%
Property 5.0%
Alternative 29.0%
Fixed interest 20.0%
Cash 10.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 0.00%
Investment Fee 0.64%
Switching Fee $0
Exit Fee $35
Account Size Discount No
Employer Size Discount No

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 21,584
Total Assets $4,980,295,688
Year Started 2013
Target Market All Industries
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by EISS MySuper

No contribution and establishment fees
MySuper Balanced option
Default Death & TPD insurance, with optional Income Protection
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
Conservative Balance 1.71%
2.01%
3.12%
2.82%
6.87%
7.28%
9.92%
9.64%
10.75%
11.26%
3.45%
1.87%
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 that was established in 1997 to provide retirement benefits to public sector employees of the NSW Energy Industry. The fund launched the EISS MySuper Balanced option in October 2013. 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 members.

The EISS MySuper option is a rebadged version of the EISS Balanced option. Choice members have access to three additional Diversified options and a Cash option. 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 MySuper Balanced option has exhibited long-term performance below the SuperRatings Index.

Fees associated with the EISS MySuper 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 MySuper members automatically receive 4 units of Death & TPD cover upon joining the fund. Members also have access to Income Protection (IP) cover and can apply for additional Death only and Death & TPD cover. IP is available over a benefit period of 2 years or up to age 65, covering up to 84.5% of a member's salary (including SG contributions), and with a choice of 30, 60 or 90 day waiting periods. There is no maximum limit on Death cover, and members have the ability to tailor their insurance.

Members have access to free in-house financial planning, interactive online calculators, and discounted health insurance. Digital member cards and member apps are also available.


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