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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
- 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 all assessed time periods to 30 June 2020.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.
EISS Super 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
Bendigo SmartStart Pension
A low cost, easy to understand and easy to manage superannuation and pension solution that offers a range of simple and convenient investment options and a range of competitively priced group insurance options. It's smart on fees and its lifecycle MySuper investment strategy allows the customer to 'set and forget' their super until it's time to for them to retire by changing a member's risk profile based on their age. Bendigo SmartStart has been designed to meet all stages of a customer's life whether they are starting out, moving up, doing business, looking to retire or in retirement.
BOC Super - Retirement Pension
No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.