Energy Industries Superannuation Scheme

Energy Industries Superannuation Scheme Pension

Past 5-year return
4.02%
Admin fee

$0

Calc fees on 50k

$515

SuperRatings awards
Past 5-year return
4.02%
Admin fee

$0

Calc fees on 50k

$515

SuperRatings awards

Pros and Cons

Pros and Cons

  • Easy to commence - low minimum initial investment of $25,000
  • No contribution and establishment fees
  • A simple choice of four expertly managed investment options and one cash option
  • Unlimited investment switching - no minimum amounts
  • Choice of income payment frequency and flexibility to make withdrawals
  • Quarterly account statements, e-newsletters and magazines
  • Ancillary benefits including cost effective financial advice, travel and accommodation deals

Summary

EISS Super is a public offer industry fund that was established in 1997 to provide retirement benefits to public sector employees of the NSW Energy Industry. The Account Based Pension commenced in 1999 and a minimum initial investment of $25,000 is required to commence membership.Members have access to 4 Diversified options and a Cash option. The Balanced option underperformed the SuperRatings Index over the 10 years to 30 June 2019.Fees on the Balanced option are lower than the industry average across all assessed account balances. Members can switch investment options at no cost. A reasonable level of pension flexibility is provided, with a choice of multiple payment frequencies, ranging from fortnightly to annually. Members with more than one investment option can nominate the proportion of payments to be drawn from each option or have payments drawn proportionately across investments. Members can choose between two beneficiary nomination options, reversionary beneficiary nomination and binding nomination. Members have access to financial advice services, seminars, online calculators and educational material, as well as a member benefits program. Further, the secure online facility allows members to view and updated account details, as well as perform transactions.

Features and Fees

EISS Super Fees and Features

    Pros and Cons

    • Easy to commence - low minimum initial investment of $25,000
    • No contribution and establishment fees
    • A simple choice of four expertly managed investment options and one cash option
    • Unlimited investment switching - no minimum amounts
    • Choice of income payment frequency and flexibility to make withdrawals
    • Quarterly account statements, e-newsletters and magazines
    • Ancillary benefits including cost effective financial advice, travel and accommodation deals

    EISS Super is a public offer industry fund that was established in 1997 to provide retirement benefits to public sector employees of the NSW Energy Industry. The Account Based Pension commenced in 1999 and a minimum initial investment of $25,000 is required to commence membership.Members have access to 4 Diversified options and a Cash option. The Balanced option underperformed the SuperRatings Index over the 10 years to 30 June 2019.Fees on the Balanced option are lower than the industry average across all assessed account balances. Members can switch investment options at no cost. A reasonable level of pension flexibility is provided, with a choice of multiple payment frequencies, ranging from fortnightly to annually. Members with more than one investment option can nominate the proportion of payments to be drawn from each option or have payments drawn proportionately across investments. Members can choose between two beneficiary nomination options, reversionary beneficiary nomination and binding nomination. Members have access to financial advice services, seminars, online calculators and educational material, as well as a member benefits program. Further, the secure online facility allows members to view and updated account details, as well as perform transactions.

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    EISS Super 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
      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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