Info for financial advisers

Energy Super Defined Contribution

* For information on the Fees and Costs applicable to an Income Stream account please see the Energy Super Income Stream PDS.

¹ From 1 July 2019, a 3% fee cap will apply to the total of all administration fees, investment fees and indirect costs for defined contribution accounts with a balance of less than $6,000. It will be applied by a rebate of any such fees in excess of 3% of your defined contribution/income stream account balance, calculated at 30 June each year or when you exit the Fund. The cap doesn’t include insurance costs and does not apply to Defined Benefit accounts.

²  See the How Super Works Guide for information about the cap on administration fee and linking your accounts^.

³ See https://www.energysuper.com.au/forms-and-tools/product-disclosure-statements for information about other fees and costs.

⁴ Investment fees and Indirect cost ratios (ICRs) are derived from costs incurred in 2019-20, and are based on the information available to the Trustee for that financial year. They include estimates where actual costs are not available. They include performance fees (where relevant). They do not include an amount for Property Operating Costs which are estimated to be between 0.00% and 0.12%, nor Borrowing Costs which are estimated to be between 0.00% and 0.12% depending on the investment option. 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.

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.

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: provides a lump sum to your beneficiary/ies, or you in the event of your death, or on the diagnosis of a terminal illness or if you’re disabled to such an extent that you will no longer be able to work. Energy Super offers either units of cover or a fixed-dollar insurance cover. Members working for an Energy Super Employer may have default insurance cover and can elect to apply for more cover. It may also be possible to transfer a Death and/or TPD benefit from another fund.

* Death Only cover: provides a payment to your beneficiaries if you die or on the diagnosis of a terminal illness. Energy Super offer both units of cover or a fixed-dollar insurance cover up to a maximum of $5M. Furthermore, it may be possible for your client to transfer a Death benefit from another super fund.

* Income Protection (IP) cover: Energy Super’s Income Protection (IP) insurance means members can still have an income for up to 104 weeks and then until you reach age 65 if you choose - subject to meeting the eligibility requirements of the insurance policy. Short term Income Protection insurance (up to two years) pays the lesser of the benefit level for which you are insured and 80% of your “Pre-disability Salary.” A superannuation contribution benefit is also payable into your Energy Super account equal to the lesser of 10% of your “Pre-disability Salary” or 10% of the benefit level for which you are insured.

For further information please see our Product Disclosure Statement.

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.