Energy Industries Superannuation Scheme

Energy Industries Superannuation Scheme Pension

Winner of SuperRatings Silver 2021 MyChoice Super, SuperRatings Silver 2021 Pension

Past 5-year return
7.59

% p.a

Admin fee

$0

Calc fees on 50k

$485

SuperRatings awards
SuperRatings Silver 2021 MyChoice SuperSuperRatings Silver 2021 Pension
Past 5-year return
7.59

% p.a

Admin fee

$0

Calc fees on 50k

$485

SuperRatings awards
SuperRatings Silver 2021 MyChoice SuperSuperRatings Silver 2021 Pension

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.

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EISS Super Fees and Features

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    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

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