Advertisement
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.

  • Gold
Awards
Fund data valid as of March 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $34 $155 -$121
50k $335 $628 -$293
100k $670 $1,158 -$488

Investment Allocation

Intl shares 14.5%
Aus shares 18.5%
Property 5.0%
Alternative 32.0%
Fixed interest 20.0%
Cash 10.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 0.00%
Investment Fee 0.67%
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 21,666
Total Assets $4,763,844,736
Year Started 2013
Target Market All Industries
Offered to Public? Yes
Fund Type Industry-Public Offer

Fund Highlights - provided by Energy Industries Superannuation Scheme Super

No contribution and establishment fees
Access to five Diversified & Single Sector options, including a MySuper Balanced option
Member Direct Investment options including ASX300 shares & Term Deposits
Cost-effective insurance provided automatically - without the need for medical evidence
Choice of service and support - Client Relationship Managers, call centre and online self-service

Fund Rating Snapshot

  • Legend:
  • Excellent
  • Good
  • Average
  • Below Average
  • N/A

Rating Categories Clockwise from top

Performance
Performance is based on the past 5 years for their core balanced option
Investment Choices
Points scored on additional benefits to members ie: Home loans, Credit Cards, Health Insurance, Reverse Mortgage, shopping discounts, anti detriment payments and many others
Investment Processes
Points scored on contribution collection, via cheque, cash, Eftpos, Bpay, direct debit and other features
Small Account Fees
Points scored on the fees and charges based on an account size of $5k
Medium Account Fees
Points scored on the fees and charges based on an account size of $50k
Large Account Fees
Points scored on the fees and charges based on an account size of $100k
Death Insurance
Points scored on premium costs and features for Death Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Death and TPD Insurance
Points scored on premium costs features for Death and TPD Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Income Protection Insurance
Points scored on premium costs features for Income Protection insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max% on monthly salary, waiting days available and other features
Member Services
Points scored on additional benefits offered to members ie Statement frequency and newsletter communications and other features
Administration Services
Points scored on the fund structure ie switching between investments, selecting regular contributions, nominated beneficiary changes, changing insurance options. For Service features like call centre, adviser services reports and many other features.
Financial Advice
Points scored on features in respect to financial advice facilities offered ie, by phone, internet, face to face, cost of scaled advice and others.
Goverance
Points scored on Trustee structure, number of independent directors , renumeration and proxy voting policy and risk

Score Explanation

Excellent: Score of 75%-100%
Premium performer in this area. Well above benchmark.
Good: Score of 51%-74%
Better than most funds. Above benchmark
Average: Score of 26%-50%
Placed close to benchmark
Below average: Score of below 25%
Not quite up to speed. Lower than benchmark.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced -0.30%
-0.06%
7.35%
9.60%
11.16%
12.66%
13.39%
14.73%
1.54%
0.45%
9.07%
8.71%
Fund
Benchmark
High Growth -1.02%
-1.78%
8.86%
11.66%
13.34%
15.76%
17.42%
20.40%
-0.73%
-3.15%
10.35%
9.40%
Fund
Benchmark
Conservative Balance -0.20%
0.33%
6.87%
7.28%
9.92%
9.64%
10.75%
11.26%
3.45%
1.87%
7.78%
7.70%
Fund
Benchmark
Capital Stable 0.93%
1.32%
5.41%
5.66%
7.34%
7.34%
7.35%
8.29%
5.71%
4.06%
6.72%
6.70%
Fund
Benchmark
Cash 1.14%
1.41%
1.94%
2.25%
2.13%
2.42%
2.51%
2.94%
3.88%
4.04%
4.00%
4.33%
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, which was established in 1997 to provide retirement benefits to public sector employees of the NSW Energy Industry. EISS was the winner of the 2015 Rising Star Award, in recognition of consistent improvements to its product offerings which have significantly enhanced value for its members.

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 (Use of Direct Investment Option entails additional costs). The EISS MySuper Balanced option has exhibited long-term performance below the SuperRatings Index.

Fees for this product are competitive and rated as excellent across all assessed account balances. No administration fees are charged and investment fees are capped at 1% p.a. However, exit fees still apply.

Members can access Death only, Death/TPD and Income Protection cover. Income Protection is available with a 2 year or until age 65 benefit period, covering up to 84.5% of a member's salary (including SG contributions). Furthermore, members have 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.


Other Funds Promoted