ElectricSuper - Retirement Income Stream
- Last updated on 05 Aug 2020
QSuper Lifetime
Pay no transaction or switching fees and enjoy a range of different investment options
$0
$565
ElectricSuper Retirement Income Stream was established in 2008 to service the retirement needs of members employed within the electricity industry. The fund is only available to current and former employees, as well as their spouses. The pension fund requires a minimum initial investment of $30,000 to commence membership.ElectricSuper offers an investment menu of three diversified options and one single sector option. The Balanced Growth option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are lower than the industry average across all account balances assessed. The fund does not charge an investment switching fee; while the administration fee of 0.4% is capped at $800 per year.ElectricSuper Retirement Income Stream offers a reasonable pension flexibility, with members able to select from fortnightly through to yearly payment frequencies. Members can also select from a reversionary pension or binding lump sum death benefits.ElectricSuper offers members access to educational materials along with industry news and financial planning tools through the fund's website. ElectricSuper is regularly onsite conducting one-on-one information sessions with members to ensure members are well informed of their retirement needs.
Admin fee $0 | Health insurance |
Administration fee (%) 0.4% | Binding nominations |
Indirect cost ratio (%) | Anti-detriment payments |
Exit fee $0 | Switching fee $0 |
Financial planning service | Employer size discount |
Credit cards | Home loans |
Insurance life event increases | Non-lapsing binding nominations |
Investment fee 0.73% | Long term income protection |
Account size discount |
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
Product | Past 5-year return | Admin fee | Company | Calc fees on 50k | Features | SuperRatings awards | Go to site | |
|---|---|---|---|---|---|---|---|---|
5.71% | $0 | Promoted ElectricSuper - Retirement Income Stream | $565 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | More details |
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