EISS - MySuper SEN 2019

MySuper default investment option change

Important information about how your super is invested

At EISS Super we’re always looking for ways to improve our products and services to help you get the retirement you deserve. Many of our members trust us to manage their investments by leaving their super in our default MySuper investment option, currently MySuper Conservative Balanced.

We take the trust our members place in us very seriously. Considering the long term nature of superannuation we have determined that changing our default MySuper investment option to one that invests in more growth assets (e.g. Australian and International equities) will provide our MySuper members with a better outcome at retirement. As such, we will be changing our default MySuper investment option to our Balanced investment option from 18 November 2019.

What does this mean for members?

Unless you tell us otherwise, your full account balance will be transferred from MySuper Conservative Balanced to our Balanced option on 18 November 2019. From that date, your future contributions and any rollovers you make into your account will also be invested in our Balanced option.

While our Balanced option invests more of your super in growth assets like Australian and International equities, we still follow the same cautious philosophy, to manage investment risk and protect your capital while capturing opportunities for growth.

We encourage you to think about your investment choice at this time and consider whether this change is right for you given your personal circumstances, including how long you have to retirement.

Here's some more information about the two investment options

	MySuper Conservative Balanced (Current default)	Balanced (Future default)
Investment return objective	This option aims to achieve an average return of CPI + 2.5% p.a. over 5 years (after fees and taxes)	This option aims to achieve an average return of CPI + 3.0% p.a. over 7 years (after fees and taxes)
Strategic asset allocation	59% growth 41% defensive	75% growth 25% defensive
Minimum recommended investment timeframe	5 years	7 years
Fees and costs¹	Investment fee: 0.24% p.a. Administration fee: 0.39% p.a. Indirect Cost Ratio: 0.21% p.a. Total: 0.84% p.a.	Investment fee: 0.26% p.a. Administration fee: 0.39% p.a. Indirect cost ratio: 0.30% p.a. Total: 0.95% p.a.
Average annual performance to 30 June 2019²	6.57% over 1 year 5.87% over 5 years 7.13% over 7 years	7.61% over 1 year 6.97% over 5 years 8.46% over 7 years

1 Fees and costs are deducted from the assets of the investment option and reflected in the daily unit price. The fees and costs are for the financial year ended 30 June 2019. For further important information about 'Fees and Costs', please refer to the EISS Super Product Disclosure Statement available at eisuper.com.au/pds.

2 All figures are after tax and fees. The 5 and 7 year figures are rolling and reflect an annualised compound rate. Past performance should not be regarded as an indication of future performance.

More details about all our investment options are available at eisuper.com.au/eiss-super-investment-options.

What do members need to do?

You have three options to choose from.

Leave your money in our default and it will be moved to our Balanced option.
If you choose this option, you don’t have to do anything. Your account balance will be transferred to our Balanced option on 18 November 2019. We’ll write to you to confirm the change when the transfer is complete.
Stay in the current default investment option, MySuper Conservative Balanced.
If you choose this option, you need to advise us by completing a simple online form by 4.59pm on Wednesday 13 November 2019.

Tip: To complete the form you’ll need your member number.
Make an investment choice.
Your super is your money and you can choose how it’s invested. We have a number of expertly designed investment options that you can choose from to ensure your money is invested in a way that’s right for you. All you need to do is log into your online account and go to the investments section where you can make an investment choice.

Don’t forget to consider both your current investments and future contributions when making an investment choice.

Not sure what’s right for you? Go to the investments section of your online account where you can take our Risk Attitude Quiz to see which investment option best suits you or speak to a Financial Planner.

Please note, EISS Super does not charge a fee when you change your investment options.