Equip - MySuperInformation shown is for the balanced 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
|Administration Fee ($)||$78|
|Administration Fee (%)||0.20%|
|Account Size Discount||Yes|
|Employer Size Discount||No|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Target Market||All Industries|
|Offered to Public?||Yes|
Fund Highlights - provided by Equip - MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||Comparison|
- 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 30/06/2016, 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.
Percentage of Growth Assets
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.
The fund's MySuper offering comprises a single diversified investment option, Equip MySuper. While limited performance history is available, the Equip MySuper option outperformed the SuperRatings Index over the year to 30 June 2016. Choice members are provided a choice of 12 investment options, consisting of 6 Diversified and 6 Single Sector options.
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 MyFuture provides members with access to a full suite of insurance cover, with eligible members receiving automatic Death and TPD Cover upon joining the fund. Income Protection (IP) is available with 85% salary coverage over 2 years with a choice of 30, 60 and 90 day waiting periods.
Equip offers an online automated investment service, Equip MyMoney to all accumulation members, assisting members in making the right investment choice from the fund's investment menu based on their risk profile.