Equip - MyPensionInformation shown is for the rated option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.35%|
|Account Size Discount||Yes|
|Employer Size Discount||N/A|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Offered to Public?|
|Fund Type||Industry-Allocated Pension|
Fund Highlights - provided by Equip - MyPension
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. A Platinum performer, the fund is recognised for its innovation, being among the finalists for the 2015 Best New Product award for its Equip MyPension retirement offering.
With a minimum investment of $50,000, MyPension employs a pre-determined strategy for retirement utilising an investment 'bucket' approach to provide retirees with an income while continuing to grow savings. Members investments are allocated proportionally in the Cash, Conservative and Growth multi-manager options, and the pension income is drawn from the Cash bucket. A relative new offering, historical investment performance is not yet available.
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. Further benefits include access to in-house financial planning on a fee-for-service basis.