Equip Super

Equip - Account Based Pension

Past 5-year return
5.92%
Admin fee

$130

Calc fees on 50k

$550

SuperRatings awards
Past 5-year return
5.92%
Admin fee

$130

Calc fees on 50k

$550

SuperRatings awards

Pros and Cons

Pros and Cons

  • Comprehensive 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.

Summary

Equip is an industry fund founded in 1931 as the Provident Fund of the State Electricity Commission of Victoria with membership now open to the general public. Most recently, Equip partnered with Catholic Super in a joint venture under a shared trustee. The fund was nominated a finalist for the 2020 Pension of the Year award.The investment menu consists of 5 Diversified and 6 Single Sector options, including the Sustainable Responsible Investment option for the ethical investor. The Balanced Growth option underperformed the SuperRatings Index over the 1 year period to 30 June 2019, however, outperformed over the longer term.Fees are lower than the industry average across all member account balances assessed, and the asset administration fee is capped at $1,250 pa. Members can switch investment options at no cost.Equip provides good flexibility, with members having the ability to receive pension payments fortnightly through to annually, and members are 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 members can take advantage of free retirement seminars, as well as comprehensive financial planning services. The fund also offers a range of online tools, calculators, factsheets and educational videos. The fund's website further allows members to view and update account details, as well as perform transactions.

Features and Fees

Equip Super Fees and Features

    Pros and Cons

    • Comprehensive 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 is an industry fund founded in 1931 as the Provident Fund of the State Electricity Commission of Victoria with membership now open to the general public. Most recently, Equip partnered with Catholic Super in a joint venture under a shared trustee. The fund was nominated a finalist for the 2020 Pension of the Year award.The investment menu consists of 5 Diversified and 6 Single Sector options, including the Sustainable Responsible Investment option for the ethical investor. The Balanced Growth option underperformed the SuperRatings Index over the 1 year period to 30 June 2019, however, outperformed over the longer term.Fees are lower than the industry average across all member account balances assessed, and the asset administration fee is capped at $1,250 pa. Members can switch investment options at no cost.Equip provides good flexibility, with members having the ability to receive pension payments fortnightly through to annually, and members are 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 members can take advantage of free retirement seminars, as well as comprehensive financial planning services. The fund also offers a range of online tools, calculators, factsheets and educational videos. The fund's website further allows members to view and update account details, as well as perform transactions.

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    Equip Super Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      HIGH GROWTH
      CONSERVATIVE BALANCE
      DIVERSIFIED FIXED INTEREST
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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