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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
Awards
Fund data valid as of December 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $480 $696 -$216
250k $2,400 $2,999 -$599
500k $4,625 $5,691 -$1,066

Investment Allocation

Intl shares 30.0%
Aus shares 40.0%
Property 10.0%
Alternative 3.0%
Fixed interest 11.0%
Cash 2.0%
Other 4.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.35%
Investment Fee 0.61%
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 46,505
Total Assets $7,405,346,647
Year Started 2014
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Equip - MyPension

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.

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.