We are pleased to announce the launch of the new Defensive investment option from 1 April 2011 for the Accumulation Plan, Beneficiary Account and Income Streams.

Based on feedback from members, member education team and Industry Fund Financial Planning we identified a gap in the investment options we currently offer to members.

ESSSuper developed the new Defensive option in conjunction with its asset consultant Towers Watson to address the needs of members seeking to manage investment risk and providing some opportunity for growth.

The Defensive option, in terms of potential returns and the risk it takes on, sits between our existing “pure” Cash and our Conservative investment options and takes the number of investment options on offer to members to seven.

More information regarding the defensive option can be obtained from the relevant Product Disclosure Statement. 

Objective (Accumulation Plan and Beneficiary Account)

To provide a return of 1.5% (before fees and taxes) above the rate of inflation over the long term.

Objective (Income Streams)

To provide a return of 2% (before fees and taxes) above the rate of inflation over the long term.  

Asset mix

Expected risk and return

The level of risk for this option is low to medium.

Expected frequency of annual negative returns

Once in every twenty years

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