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.
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 |
75% growth |
|
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 |
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.
You have three options to choose from.
If you have any questions, please call us on 1300 369 901, Monday to Friday from 8am to 8pm (AEST) and one of the team will be happy to help.
Need advice?
Our Financial Planners can provide you with advice specific to your EISS Super account
at no additional cost including what investment option is right for you.
To make an appointment please call 02 9046 1920 or visit eisuper.com.au/appointment.
Thank you for requesting a call.
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