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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 February 28, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $32 $156 -$124
50k $315 $611 -$296
100k $630 $1,123 -$493

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 0.63%
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 21,597
Total Assets $5,097,290,520
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 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Conservative Balance 3.76%
4.53%
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 30/06/2016, 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

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. The fund was the winner of the 2015 SuperRatings Rising Star Award, in recognition of consistent improvements to its product offering which have significantly enhanced value for members.

Launched in October 2013, EISS MySuper option is a rebadged version of the Balanced option. It has exhibited long-term performance below the SuperRatings Index, although we note it has a lower allocation to growth assets than a typical Balanced (60-76) option. Choice members have access to three additional Diversified investment strategies and a Cash option, as well as the Direct Investment Option (DIO) which offers direct access to ASX300 Shares and Term Deposits.

Fees for the MySuper Balanced option are well below the industry average across all assessed account balances, with no member fee and asset administration fee charged. However, exit fees do apply.

EISS MySuper members automatically receive 3 units of Death & TPD cover upon joining the fund. Members also have access to Income Protection (IP) and can apply for additional Death only and Death & TPD insurance. IP covers up to 84.5% of a member's salary (including SG contributions), over a benefit period of either 2 years or until age 65, with a choice of 30, 60 or 90 day waiting periods.

Members have access to free in-house financial planning, interactive online calculators and regularly updated fact sheets, as well as ancillary benefits such as discounted health insurance.


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