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What the Researchers Say:

A 'best value for money' superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

You should contact your financial adviser or this fund before making an investment decision.

  • Platinum
  • 7 Year Platinum Performance
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $465 $700 -$235
250k $2,325 $3,016 -$691
500k $4,475 $5,720 -$1,245

Investment Allocation

Intl shares 20.0%
Aus shares 35.0%
Property 10.0%
Alternative 3.0%
Fixed interest 23.0%
Cash 5.0%
Other 4.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.35%
Investment Fee 0.58%
Switching Fee $0
Exit Fee $120
Account Size Discount Yes
Employer Size Discount N/A

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 46,928
Total Assets $6,926,252,582
Year Started 1995
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Equip - Account Based Pension

Comprehensive but simple investment menu with competitive investment performance over the long term.
Enhanced website promotes online engagement and provides thorough educational material, including a new online digital channel with up-to-date superannuation news and articles.

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 0.38%
11.36%
14.24%
18.16%
1.44%
10.77%
Fund
Benchmark
High Growth -2.69%
-0.36%
15.14%
13.21%
18.26%
17.79%
26.46%
22.59%
-3.29%
-3.09%
12.32%
11.80%
Fund
Benchmark
Conservative Balanced 1.53%
1.92%
9.19%
8.25%
11.36%
11.01%
13.29%
12.60%
4.07%
3.18%
9.25%
9.13%
Fund
Benchmark
Diversified Fixed Interest 2.94%
3.10%
5.43%
4.29%
6.93%
6.40%
4.66%
4.74%
12.20%
9.58%
6.88%
6.56%
Fund
Benchmark
Growth -0.40%
1.40%
12.22%
11.50%
15.91%
15.91%
21.51%
19.45%
-0.85%
-1.21%
11.67%
11.20%
Fund
Benchmark
Australian Shares -2.77%
1.67%
5.00%
6.75%
21.35%
18.31%
24.36%
23.30%
-4.91%
-6.67%
10.22%
12.47%
Fund
Benchmark
Overseas Shares -5.10%
-3.54%
24.05%
20.36%
20.49%
19.88%
29.67%
29.76%
-1.79%
-3.07%
10.73%
7.44%
Fund
Benchmark
Capital Stable 1.52%
2.20%
6.96%
6.35%
8.68%
8.17%
9.49%
9.14%
6.48%
4.79%
8.08%
7.97%
Fund
Benchmark
Property 9.25%
10.54%
8.08%
10.92%
10.49%
10.68%
11.56%
12.91%
8.08%
7.92%
12.77%
11.91%
Fund
Benchmark
Cash 1.83%
1.89%
2.55%
2.61%
2.70%
2.78%
3.39%
3.48%
4.76%
4.76%
5.12%
5.05%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2015, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

A national multi-employer superannuation fund, Equip Super has been operating since 1931. The origins of the fund are in the infrastructure sectors of Victoria, specifically in the Electricity, Gas and Water Industries, although the fund is now open to the general public. Equip Account Based Pension has been a Platinum performer for nine consecutive years.

With a minimum investment of $25,000, the Account Based Pension caters to retirees looking for a value for money income stream, while a transition to retirement pension is also available for those members wanting to supplement their income while still working.

Members have access to an investment menu with a selection of multi-manager options across multi and single sector strategies. The default Balanced Growth option outperformed the SuperRatings Index in 2015 and over the long term.

The fee structure is competitive across all account balances assessed.

Other key features include the option to choose from five pension payment frequencies, the ability to choose from withdrawal options and death benefit options such as reversionary beneficiary. Members have access to in-house financial planning on a fee-for-service basis.


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