Introducing the newest way to grow your super with us

ESSSuper - 21 Nov 2024

A new way to build your balance 

At ESSSuper, your retirement outcomes are always our top priority.

If you've got an Accumulation Plan, a Beneficiary Account, or an Income Stream account, you can choose from our range of customised investment options.

We want to ensure that we're offering products that meet your needs at every stage of your super journey, which is why we've introduced a new investment option, Balanced Growth Managed.

Balance Growth Managed aims to help members effectively increase their super for retirement while also supporting stable returns through diversification.

It aims to deliver moderately high returns, targeting 3.25% above the rate of inflation; or 3.75% above the rate of inflation for Retirement Income Stream accounts.¹ For example, if the consumer price index (CPI) averages 3.00% per year over ten years, Balanced Growth Managed aims for an average return of 6.25% per year or 6.75% per year respectively, during that period.²

Interested in our new option?

Balanced Growth Managed could be a good option for you if:

• you want a mix of growth assets (including Australian and international shares) and lower-risk defensive assets for stability
• you're looking for a product that aims for higher returns (3.25% above the rate of inflation over ten years;⁵ or 3.75% above the rate of inflation over 10 years for Retirement Income Stream accounts)^{5, 1}
• you have longer investment horizons (10 years or more).

View the full investment profile for Balanced Growth Managed.

Changing your investment strategy

If you have an Accumulation Plan, Beneficiary Account or Income Stream account, you can change your investment strategy at any time.

You can move all or part of your super to any of ten investment options.

To change your investments:

• Log in to Members Online and go to the Investments menu
• Call us on 1300 650 161 (Emergency Services members) or 1300 655 476 (State Super members) between 8:00am and 5:00pm Monday to Friday.

Understanding your investment options 

The investment products that are right for you will depend on a number of factors, including your age, working status, the returns you are seeking and your appetite for risk.

To learn more, you can take a look our investment options or try out our Investment Risk Profiler.

We're here to help  

For general information, you can book a virtual appointment with one of our Member Education Consultants to learn more about any of our products. For personal advice relating to your financial situation or needs, our qualified Financial Advisers⁶ can help.

To request an appointment, please contact us.

1. The target returns are higher as Retirement Income Stream accounts are free of investment income tax.

2. Investment returns cannot be guaranteed as investment markets can be volatile. As a consequence, returns can be positive or negative. Past investment performance is not a reliable indicator of future performance.

3. The investment objectives are not a promise or guarantee of any particular benefit. They represent a benchmark against which the Board monitors the performance of the investments of the Fund.

4. The standard risk measure is based on industry guidance to allow members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20-year period. The standard risk measure is not a complete assessment of all forms of investment risk, for instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than a member may require to meet their objectives. Further, it does not take into account the impact of administration fees and tax on the likelihood of a negative return. Members should still ensure they are comfortable with the risks and potential losses associated with their chosen investment option(s).

5. ESSSuper does not guarantee any particular rate of return, the performance of any investment or the repayment of capital from any investment. Investment is subject to investment risk and other risks. Past performance is not an indication of future performance.

6. ESSSuper Financial Advisers are authorised representatives of Link Advice Pty Ltd (Link Advice). Link Advice holds a current Australian Financial Services Licence No. 258145 and is responsible for the financial services provided to you. ESSSuper has an arrangement with Link Advice Pty Ltd to provide financial advice to ESSSuper members. ESSSuper pays Link Advice a fee for this service. Neither the Board, nor the Victorian Government, guarantee or endorse any recommendations made by Link Advice, or are responsible for the advice and actions of Link Advice.

Emergency Services Superannuation Board (ABN 28 161 296 741) (ESSB), the Trustee of the Emergency Services Superannuation Scheme (ABN 85 894 637 037) (ESSSuper).

Investment returns are not guaranteed. All investments carry risks and past investment performance gives no indication of future performance. Benefits in ESSSuper's Accumulation Plan, Income Streams and Beneficiary Account products are not guaranteed or underwritten by the Victorian Government or ESSSuper, and ESSSuper does not come under the jurisdiction of the Australian Financial Complaints Authority. ESSSuper comes under the jurisdiction of the Victorian Civil and Administrative Tribunal. ESSSuper is an exempt public sector superannuation scheme, and is not regulated by APRA or ASIC, but is governed by Victorian legislation.

The information contained in this article is of a general nature only. It should not be considered as a substitute for reading ESSSuper's Product Disclosure Statement (PDS) that contains detailed information about ESSSuper products, services and features. Before making a decision about an ESSSuper product, you should consider the appropriateness of the product to your personal objectives, financial situation and needs. It may also be beneficial to seek professional advice from a licensed financial planner or adviser. An ESSSuper PDS is available at esssuper.com.au/pds or by calling 1300 650 161.