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Pros and Cons
- Energy Super is an industry super fund run only to benefit members. We are committed to offering our members:
- Strong investment returns;
- A wide range of investment options to suit different investors;
- Access to financial advice, including convenient over the phone advice at no extra cost to members;
- Competitive, low fees;
- Products and services tailored specifically to the energy industry;
- Continued regional access to our seminar program, covering a range of super and wealth management topics.
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 Income Stream was established in 2007, with a minimum initial investment of $10,000 required to commence membership.Energy Super offers an investment menu of 6 diversified options, 4 single sector options and term deposits. The Balanced option underperformed the relevant SuperRatings Index over all assessed periods to 30 June 2020.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 Income Stream 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.
Energy 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
Prime Super Retirement Income Stream
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
QSuper - Income Account
Access to an industry first uncapped Income account transfer bonus.
Reversionary pensions allowed.
Access to an award-winning member contact centre.
Access to advice at no additional cost and over 550 free educational seminars.