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Equip - Account Based Pension

Past 5-year return
11.46%
Admin fee
$130
Calculated Fees on 50k
$505
Comprehensive but simple investment menu with competitive investment performance over the long term.
A range of financial planning options.
Enhanced website promotes online engagement and provides thorough educational material, including a new online digital channel with up-to-date superannuation news and articles.
Equip was founded in 1931 as the Provident Fund of the State Electricity Commission of Victoria, with membership now open to the general public. Equip's Account Based Pension has achieved a Platinum rating for the past 11 consecutive years. The investment menu consists of 6 Diversified and 6 Single Sector options, including the Sustainable Responsible Investment option for the ethical investor. The Balanced Growth option has outperformed the SuperRatings Index over the short and long term.Fees are competitive and lower than the industry average across all member account balances assessed, and the asset administration fee is capped at $750 pa. No fees are charged for switching investments; however, an exit fee applies to partial and full withdrawals. Equip provides good flexibility, with members having the ability to receive payments fortnightly through to annually and members able to nominate the investment option(s) from which pension payments are to be taken. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.Equip provides members with access to free seminars presented by Equip Financial Planning and tailored for people approaching or already in retirement. A range of online tools, calculators, factsheets and educational videos are also available through the fund's website.

Fees & fund features

Admin fee
Admin fee
$130
Exit fee
Exit fee
$120
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.35%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$130
Exit fee
Exit fee
$120
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.35%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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