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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 February 29, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $375 $709 -$334
250k $1,875 $3,052 -$1,177
500k $3,575 $5,781 -$2,206

Investment Allocation

Intl shares 11.9%
Aus shares 23.7%
Property 7.9%
Alternative 1.2%
Fixed interest 22.1%
Cash 31.7%
Other 1.6%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.35%
Investment Fee 0.40%
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 47,177
Total Assets $6,977,146,727
Year Started 2014
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Equip - MyPension

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.

Fund Rating Snapshot

  • Legend:
  • Excellent
  • Good
  • Average
  • Below Average
  • N/A

Rating Categories Clockwise from top

Performance
Performance is based on the past 5 years for their core balanced option
Investment Choices
Points scored on additional benefits to members ie: Home loans, Credit Cards, Health Insurance, Reverse Mortgage, shopping discounts, anti detriment payments and many others
Investment Processes
Points scored on contribution collection, via cheque, cash, Eftpos, Bpay, direct debit and other features
Small Account Fees
Points scored on the fees and charges based on an account size of $5k
Medium Account Fees
Points scored on the fees and charges based on an account size of $50k
Large Account Fees
Points scored on the fees and charges based on an account size of $100k
Death Insurance
Points scored on premium costs and features for Death Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Death and TPD Insurance
Points scored on premium costs features for Death and TPD Insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max age and other features
Income Protection Insurance
Points scored on premium costs features for Income Protection insurance ie: Min/Max level of cover, cover available during unpaid, whilst overseas, max% on monthly salary, waiting days available and other features
Member Services
Points scored on additional benefits offered to members ie Statement frequency and newsletter communications and other features
Administration Services
Points scored on the fund structure ie switching between investments, selecting regular contributions, nominated beneficiary changes, changing insurance options. For Service features like call centre, adviser services reports and many other features.
Financial Advice
Points scored on features in respect to financial advice facilities offered ie, by phone, internet, face to face, cost of scaled advice and others.
Goverance
Points scored on Trustee structure, number of independent directors , renumeration and proxy voting policy and risk

Score Explanation

Excellent: Score of 75%-100%
Premium performer in this area. Well above benchmark.
Good: Score of 51%-74%
Better than most funds. Above benchmark
Average: Score of 26%-50%
Placed close to benchmark
Below average: Score of below 25%
Not quite up to speed. Lower than benchmark.

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.


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