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Fire and Emergency Services Superannuation Fund - Accumulation Account

Past 5-year return
6.37%
Admin fee
$0
Calculated Fees on 50k
$530
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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.
Fire and Emergency Services Superannuation (FESS) Fund Acumulation was established in 1985 to service the retirement needs of members employed within the Fire and Emergency Services. The fund is only available to current and former employees, as well as their spouses.FESS' Accumulation account offers three diversified and four single sector options for members to choose. The default option is the Smoothed option which may have a smoothing averaging process to reduce the impact of market fluctuations on members. If members elect to remove money out of the default option you are unable re-invest in this option, except where a member commences a pension. The Growth option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees are lower than the industry average across all account balances assessed. The fund does not charge exit fees or buy-sell spread, although an transaction and investment switching fee maybe charged.FESS Accumulation's insurance offering allows eligible members to apply for up to $10 million of Death cover and $3 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection is available covering up to 75% of salary with a 2 year benefit period. The fund provides members with online account access, periodic newsletters and educational materials on the fund's website.
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Fees & fund features

Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
0.20%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.38%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.48%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$50
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
0.20%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.38%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.48%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$50
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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Superannuation is money set aside for your retirement. This money is automatically paid into your superannuation fund by your employer.

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