EISS MySuperInformation shown is for the conservative balance option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$0|
|Administration Fee (%)||0.00%|
|Account Size Discount||No|
|Employer Size Discount||No|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Target Market||All Industries|
|Offered to Public?||Yes|
Fund Highlights - provided by EISS MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2015||FY 2014||FY 2013||FY 2012||FY 2011||Comparison|
- 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.
Percentage of Growth Assets
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 3 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.