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EISS MySuper

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$410
No contribution and establishment fees
MySuper Conservative Balanced option
Default Death & TPD insurance, with optional Income Protection
Ancillary benefits including cost effective financial advice, travel and accommodation deals
EISS Super is a public offer industry fund that was established in 1997 to provide retirement benefits to public sector employees of the NSW Energy Industry. Launched in October 2013, EISS' MySuper strategy is a rebadged version of the Conservative Balanced option (known as the Balanced option prior to 26 May 2017). It has underperformed the SuperRatings Index over the 1 and 5 years to 30 June 2017, although we note it has a lower allocation to growth assets than a typical Balanced (60-76) option. Choice members have access to 3 additional Diversified investment strategies and a Cash option, as well as the Direct Investment Option, which offers direct access to ASX300 Shares and Term Deposits. Fees for the MySuper Conservative Balanced option are lower than the industry average across all assessed account balances, with no member fee or asset administration fee charged. However, exit fees do apply. EISS MySuper members automatically receive 4 units of Death & TPD cover upon joining the fund. Members can also apply for additional cover and Income Protection (IP) insurance. IP covers up to 84.5% of salary (including SG contributions) over a 2 year or to age 65 benefit period, with a choice of 30, 60 or 90 day waiting periods. Members have access to in-house financial planning, interactive online calculators and regularly updated fact sheets, as well as ancillary benefits such as discounted health insurance.

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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