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
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 MyPension was launched in 2014 and is available with a minimum initial investment of $50,000.
Equip MyPension uses a three-bucket strategy, with a member's account balance separated into three distinct 'buckets'; Cash, Conservative and Growth. Equip MyPension automatically rebalances a member's investment portfolio each year, allowing for a 'set-and-forget' investment strategy. Performance history is currently not available for this product.
Fees are lower than the industry average across all account balances assessed, and to assist members with higher account balances, the administration fee has been capped for account balances over $450,000. No fees are charged for switching investments; however, an exit fee applies to partial and full withdrawals.
Equip MyPension provides good flexibility, with members having the ability to receive payments fortnightly through to annually. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.
A range of online tools, calculators and educational resources are available through the fund's website. Members also have access to free retirement seminars presented by Equip Financial Planning and tailored for people approaching or already in retirement.