New research from Rainmaker Information has found that investment returns from EISS Super’s MySuper product have been the least volatile, that is the most stable and predictable, over the past three years.
We’re very proud to have received this recognition, as security and reliability are part of our heritage. We protect members’ savings during market downturns, like the one we experienced in December 2018, by taking less risk while also seeking good opportunities for growth.
Our membership is unique, and our approach to managing investments has been built to suit their needs. Our members have an average account balance three times higher than the industry super fund average1 and protecting those balances against downturns in the market is an important part of our job.
While discussing the research Rainmaker’s Executive Director of Research, Alex Dunnin, said “only five of Australia’s most volatile MySuper products achieved above average returns. Funds and members should never be afraid of risk, but shouldn’t go looking for it either.”
Dunnin also said “the important take-away from the report is that super funds and their members shouldn’t only consider the final return figure, they also need to be aware of the consistency of returns over time, which is particularly important for members nearing retirement”.
In the past financial year, all our diversified options performed above the industry average including our High Growth option which was one of the Top 10 performing options across the whole industry2.
In addition, we have delivered returns to members above our performance objectives for all investment options for the year and for their target timeframes, while taking less risk.
|Investment option||1 year return1||Industry position2|
|High Growth||9.43%||Top 10|
|Balanced||7.61%||Above industry average|
|MySuper Conservative Balanced||6.57%||Above industry average|
|Conservative||6.14%||Above industry average|
The right investment choice can make a big difference to how much money you have in your super account when you reach retirement.
We encourage all our members to review how their retirement savings are invested and make an investment choice that suits their needs. Remember, if you’re not sure what option is right for you, we have Financial Planners that can help you. To make an appointment please call us on 1300 369 901 (and select option 2).
Source: Rainmaker Information, RMetrics report, June 2019 and Rainmaker Information Media Release, 1 October 2019.
1 Australian Prudential Regulation Authority, Annual Superannuation Bulletin, June 2018.
2 SuperRatings, Fund Crediting Rate Survey, June 2019. Past performance should not be regarded as an indication of future performance.
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