Emergency Services & State Super

ESSSuper - Retirement Income Stream

Past 5-year return
5.45%
Admin fee

$52

Calc fees on 50k

$532

SuperRatings awards
Past 5-year return
5.45%
Admin fee

$52

Calc fees on 50k

$532

SuperRatings awards

Pros and Cons

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.

Summary

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 underperformed the SuperRatings Index over the shorter term; however, outperformed over the 10 year period to 30 June 2019.Fees are lower than the industry average across all account balances assessed, with the combined administration fee capped at $2,000 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.

Features and Fees

ESSSuper Fees and Features

    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 underperformed the SuperRatings Index over the shorter term; however, outperformed over the 10 year period to 30 June 2019.Fees are lower than the industry average across all account balances assessed, with the combined administration fee capped at $2,000 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.

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    ESSSuper 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
      BALANCED
      HIGH GROWTH
      CONSERVATIVE BALANCE
      SECURE
      CAPITAL STABLE
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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