During the 2020/21 financial year EISS Super has delivered to members our best ever year of performance for our High Growth, Growth (available in the Retirement Scheme only), Balanced (MySuper) and Conservative Balanced options.
Our Conservative option returned its second-best year ever in our Retirement Scheme and Pension options, and its third best year in our Super option, making 2020/21 its best year in the past 10 years.
In addition, all our investment options have performed above the super industry average for the 2020/21 financial year compared to products with a similar allocation to growth assets1.
This is not a coincidence. Over the past couple of years, after talking to members and reviewing our investment approach we have made changes to improve investment returns while still delivering on our promise to both protect and grow your retirement savings.
Importantly, for all investment options we are also continuing to exceed the performance objectives that we have committed to in our Product Disclosure Statements.
The team at EISS Super are committed to continuing to provide you with great personal service. We are here to support you, and help you make your super work harder for you. As an industry super fund, we invest in the services we provide to you so you can get the most out of your super.
But we also keep fees low, so more of your money is invested for your future and we’re proud to have been recognised in Money Magazine’s 2021 Best of the Best Awards as runner up for the Best-Value MySuper Product3.
As always, it is a privilege to be managing your retirement saving and we thank you for your continued membership.
1 The super industry average is based on the median return from Super Ratings, Fund Crediting Rate Report, June 2021.
2 Prior to 18 November 2019 the default investment strategy for EISS Super’s MySuper product was the Conservative Balanced option. You should also note that our MySuper product did not meet the annual performance assessment benchmark for the 7 year period ending 30 June 2021 Click here for more information.
3 Money Magazine’s Best-Value MySuper Product award recognises MySuper products with the lowest fees ranked across seven benchmark account balances.
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