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Pros and Cons
- Flexible investment choice with the ability to choose the sell-down order for regular income payments.
- Extensive member education program including free seminars and one-on-one consultations with internal RG146 qualified consultants.
- Commutations (withdrawals) processed within 1 business day.
Emergency Services & State Super (ESSSuper) is a dedicated super fund offering retirement benefits for current and former Victorian emergency services employees, state super members and their eligible spouses. ESSSuper offers a range of 9 investment options to choose from, providing members with access to 7 'Standard Options' which are pre-mixed with a range of risk profiles from defensive to growth and 2 'Alternative Options' for members looking to prioritise a particular characteristic when investing. The Growth option outperformed the SuperRatings Index over the 1- and 10-year periods to 30 June 2020, however, underperformed over other time periods assessed.Fees are lower than the industry average across all account balances assessed, with the administration fee capped at $2,060 pa. Members can switch investment options at no cost. ESSSuper provides good flexibility, with members having the ability to receive payments fortnightly through to annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Beneficiary options include both binding and non-binding nominations, as well as reversionary pensions.Members have access to limited and comprehensive financial advice provided through Adviser Network on a fee-for-service model. A wide range of interactive tools, calculators, factsheets and educational videos are also available through the fund's website. ESSSuper's Member Online further allows members to view and update account details, as well as perform transactions.
ESSSuper Fees and Features
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
Popular pension funds products
AustralianSuper Choice Income Account
Strong long-term performance and low fees
Flexible investment choice - 11 options and the Member Direct
Free retirement seminars and webcasts
Full online account access at any time via PensionOnline with Mobile App available
Plum Retirement Income
Support: Plum Retirement Income offers access to phone-based help, online education, an electronic application process, and six monthly member statements which provides a level of assurance for members to make retirement decisions.
Transition to retirement and Account based pension product: Plum Retirement Income allows members to transition to retirement via the Self Select Investment Path.