Past 5-year return
11.46%Admin fee
$130Calculated Fees on 50k
$505Comprehensive but simple investment menu with competitive investment performance over the long term.
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.
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's Account Based Pension has achieved a Platinum rating for the past 11 consecutive years. The investment menu consists of 6 Diversified and 6 Single Sector options, including the Sustainable Responsible Investment option for the ethical investor. The Balanced Growth option has outperformed the SuperRatings Index over the short and long term.Fees are competitive and lower than the industry average across all member account balances assessed, and the asset administration fee is capped at $750 pa. No fees are charged for switching investments; however, an exit fee applies to partial and full withdrawals. Equip provides good flexibility, with members having the ability to receive payments fortnightly through to annually and members able to nominate the investment option(s) from which pension payments are to be taken. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.Equip provides members with access to free seminars presented by Equip Financial Planning and tailored for people approaching or already in retirement. A range of online tools, calculators, factsheets and educational videos are also available through the fund's website.
Fees & fund features
Admin fee | Admin fee $130 |
---|---|
Exit fee | Exit fee $120 |
Financial planning service | Financial planning service |
Credit cards | Credit cards |
Insurance life event increases | Insurance life event increases |
Investment fee | Investment fee 0.35% |
Account size discount | Account size discount |
Health insurance | Health insurance |
Binding nominations | Binding nominations |
Anti-detriment payments | Anti-detriment payments |
Switching fee | Switching fee $0 |
Employer size discount | Employer size discount |
Home loans | Home loans |
Non-lapsing binding nominations | Non-lapsing binding nominations |
Long term income protection | Long term income protection |
Admin fee | Admin fee $130 |
---|---|
Exit fee | Exit fee $120 |
Financial planning service | Financial planning service |
Credit cards | Credit cards |
Insurance life event increases | Insurance life event increases |
Investment fee | Investment fee 0.35% |
---|---|
Account size discount | Account size discount |
Health insurance | Health insurance |
Binding nominations | Binding nominations |
Anti-detriment payments | Anti-detriment payments |
Switching fee | Switching fee $0 |
---|---|
Employer size discount | Employer size discount |
Home loans | Home loans |
Non-lapsing binding nominations | Non-lapsing binding nominations |
Long term income protection | Long term income protection |
Fund past-5-year return vs. Industry average
Investment allocation
+ View additional option performance information
Company | Product | Past 5-year return | Admin fee | Past 5-year return | Calculated Fees on 50k | Features | SuperRatings awards | Go To Site |
---|---|---|---|---|---|---|---|---|
Past 5-year return 12.33% | Admin fee $130 | Past 5-year return 12.33% | Calculated Fees on 50k $615 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards ![]() | Compare | ||
Past 5-year return 11.46% | Admin fee $130 | Past 5-year return 11.46% | Calculated Fees on 50k $505 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards ![]() ![]() | Compare | ||
Past 5-year return New fund | Admin fee $130 | Past 5-year return New fund | Calculated Fees on 50k $595 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards ![]() | Compare |