Electricity Industry Superannuation Scheme

ElectricSuper - Retirement Income Stream

No. of members: 3052
Fund size: $1.3b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 2008
Past 5-year return
5.71%
Admin fee

$0

Calc fees on 50k

$565

SuperRatings awards
Past 5-year return
5.71%
Admin fee

$0

Calc fees on 50k

$565

SuperRatings awards

Pros and Cons

Pros and Cons

  • No information was provided by the fund to SuperRatings. For available information refer to the fund's PDS.

Summary

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.

Features and Fees

Electricity Industry Superannuation Scheme Fees and Features

    Pros and Cons

    • No information was provided by the fund to SuperRatings. For available information refer to the fund's PDS.

    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.

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    Electricity Industry Superannuation Scheme Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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