Energy Super - Market Linked Pension
- Last updated on 08 Aug 2020
QSuper Lifetime
Pay no transaction or switching fees and enjoy a range of different investment options
$52
$497
Energy Super was established to provide for the retirement needs of members employed within the energy industry. The fund is a public offer fund and allows members from all industries to apply for membership. Energy Super Market Linked Pension was established in 1999 and can only be commenced under limited circumstances and a minimum initial balance of $10,000 is required. Energy Super offers an investment menu of 6 diversified options and 4 single sector options. The Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are lower than the industry average across all account balances assessed. The administration fee is capped at $1,100 per annum for members with balances over $500,000 and investment switching is free if completed online.Energy Super Market Linked Pension offers good pension flexibility, with members able to select from fortnightly through to yearly payment frequencies. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.Members have access to a range of educational material along with webinars, financial planning services and phone based advice. The fund regularly conducts information seminars throughout Queensland to ensure members are well informed on their retirement needs.
Admin fee $52 | Health insurance |
Administration fee (%) 0.22% | Binding nominations |
Indirect cost ratio (%) 0.35% | Anti-detriment payments |
Exit fee $0 | Switching fee $28 |
Financial planning service | Employer size discount |
Credit cards | Home loans |
Insurance life event increases | Non-lapsing binding nominations |
Investment fee 0.32% | Long term income protection |
Account size discount |
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
Product | Past 5-year return | Admin fee | Company | Calc fees on 50k | Features | SuperRatings awards | Go to site | |
|---|---|---|---|---|---|---|---|---|
5.61% | $52 | Promoted Energy Super - Market Linked Pension | $497 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | More details | |||
5.61% | $52 | Promoted Energy Super - Income Stream | $497 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | More details |
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