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Info For Financial Advisers
Info For Financial Advisers

Info For Financial Advisers

We are committed to assisting Financial Advisers in supporting their clients, by making it as easy as possible to obtain necessary information about Energy Super’s products, investments and services. In addition, Financial Advisers can also be provided with client account information (subject to authority to release information).

Energy Super is one of Australia’s leading industry super funds for the energy sector and we are committed to delivering products and services which are tailored to the unique needs of this sector. See our latest Annual Report.

Your clients will benefit from:

  • low fees
  • competitively priced insurance options
  • Energy Rewards loyalty program
  • access to their account anywhere, anytime through our mobile secure website
> Our ratings and awards

Click here for more info.

>Our Products

Energy Super offers the following products to its members:

  • Defined Contribution
  • Defined Benefit (closed to new members)
  • Transition to Retirement Income Stream
  • Income Stream
  • Market Linked Pension
  • Allocated Pension (closed to new members)

Energy Super is also registered as a Qualifying Recognised Overseas Pension Scheme (QROPS).

For more information on membership categories call the Energy Super Contact Centre on 1300 4 ENERGY (1300 436 374).

>Fees

Energy Super Defined Contribution

Type of fee Amount How and when paid

Investment fee

Nil.

Not applicable.

Administration fee

$1.00 per week fixed administration fee ($52 p.a. per member account). The fixed administration fee is deducted monthly in arrears from your account (or when you close your account).

Buy-sell spread

Nil. Not applicable.

Switching fee

No investment switching fee is applied on your first switch each financial year. Any additional switches will cost $28. The fee is deducted from your account at the time of the switch.

Exit fee

$65

Deducted from your account at the time you exit the Fund. This fee is not applicable when transferring between Energy Super products.

Advice fees

relating to all members investing in a particular MySuper product or investment option.

Nil.

Not applicable.

Other fees and costs1

Other fees and costs may apply depending on the services you use.

 

Indirect cost ratio2

0.22% p.a. of your account balance capped at $1,100 p.a. for eligible amounts including your linked spouse accounts (percentage-based administration cost3)

Plus
0.13% - 0.84% p.a. (estimated) depending on the investment option (investment management costs).

The percentage-based administration cost and investment management costs are deducted daily from Fund earnings before crediting rates are declared.

1 See the Fees and Other Costs Guide for information about other fees and costs.

2 Indirect cost ratios (ICRs) are an estimate for the 2016/17 financial year based on the tactical asset allocation of each investment option as at 1 July 2016. They include estimated performance costs (where relevant) which are based on an assumption about the extent to which managers are expected to outperform their benchmark. The actual costs for this and future financial years may be different. Updated estimates are posted on our website from time-to-time when updated information becomes available. Actual costs for each year are disclosed in our Annual Report.

3 See Fees and Other Costs Guide for information about the cap on administration costs and linking your accounts.

>Other benefits
Benefit Description
Anti-detriment On the death of a member an anti-detriment benefit may be payable to eligible beneficiaries. It is only payable as an addition to a lump sum death benefit.
>Investment Performance

Investments can go up and down. Past performance is not necessarily indicative of future performance.

Click here for our latest performance figures.

For detailed investment commentaries click here.

>Insurance

Energy Super works with leading insurance providers to offer a range of competitively-priced insurance options and cover levels.

It is important to note that some employers have different insurance cover and cost arrangements through Energy Super. If this applies to your client please refer to their relevant Energy Super Corporate Product Disclosure Statement to determine their employer’s insurance arrangements.

Insurance cover options

* Death & Total and Permanent Disablement (TPD) cover:. Energy Super offer both units of insurance cover or a fixed-dollar amount of insurance cover up to a maximum of $10M and $3M respectively. Members working for an Energy Super employer may have default insurance cover and can elect to apply for more cover. Furthermore, it may be possible for your client to transfer a super benefit from another fund with the Death and/or TPD cover, this may even be able to transfer the same level of insurance cover to us without having to provide evidence of your good health.

* Death Only cover: provides a payment to your beneficiaries if you die. Energy Super offer both units of insurance cover or a fixed-dollar amount of insurance cover up to a maximum of $10M. Furthermore, it may be possible for your client to transfer a super benefit from another fund with the Death and/or TPD cover, this may even be able to transfer the same level of insurance cover to us without having to provide evidence of your good health.

* Income Protection (IP) cover: Energy Super’s Income Protection (IP) insurance means members can still have a fortnightly income for up to two years (and then until you reach age 65 subject to approval by the “Insurer”) if you are unable to work temporarily because of either total or partial disability. Benefits are paid up to the insured amount or 90% of income with a 10% superannuation contribution. Members can increase their benefits or change their waiting periods without providing evidence of good health subject to pre-existing sickness conditions.

For further information please see our Product Disclosure Statement

>How to join

It's easy to join Energy Super.

Our Online Join form will guide your client on everything they need to do to set up an account with Energy Super .

Alternatively, a Member Application Form can be found in the back of the Energy Super Member Guide Product Disclosure Statement.

>How to rollover

If your client is currently a member of Energy Super and has acquired a number of super accounts, transferring all the funds into the one Energy Super account is easy by using our Transfer Your Super eForm.

>Guides and tools to help your clients
Energy Super Income Stream Product Disclosure Statement Seminars and webinars
Energy Super Member Guide Product Disclosure Statement Super and retirement calculator
Transition to Retirement Fact Sheet Investment updates
Energy Super Board Compare Energy Super investment options