Equip Super

Equip - MyPension

No. of members: 68743
Fund size: $15.9b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 2014
Past 5-year return
-
Admin fee

$130

Calc fees on 50k

$555

SuperRatings awards
Past 5-year return
-
Admin fee

$130

Calc fees on 50k

$555

SuperRatings awards

Pros and Cons

Pros and Cons

  • 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 MyPension product offering was launched in 2014 and is available with a minimum initial investment of $50,000. The fund was nominated as a finalist for the 2020 Pension of the Year award.Equip MyPension uses a three-bucket strategy, with a member's account balance separated into three distinct 'buckets'; Cash, Conservative and Growth. Pension income is drawn from the Cash bucket, while the investment earnings of the Conservative and Growth buckets are automatically rebalanced each year, allowing for a 'set-and-forget' investment strategy. Performance history is currently not available for this product. Fees are competitive and lower than the industry average across all account balances assessed, and the asset administration fee is capped at $1,250 pa.Equip MyPension provides good flexibility, with members having the ability to receive pension payments fortnightly through to annually. 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

    • 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 MyPension product offering was launched in 2014 and is available with a minimum initial investment of $50,000. The fund was nominated as a finalist for the 2020 Pension of the Year award.Equip MyPension uses a three-bucket strategy, with a member's account balance separated into three distinct 'buckets'; Cash, Conservative and Growth. Pension income is drawn from the Cash bucket, while the investment earnings of the Conservative and Growth buckets are automatically rebalanced each year, allowing for a 'set-and-forget' investment strategy. Performance history is currently not available for this product. Fees are competitive and lower than the industry average across all account balances assessed, and the asset administration fee is capped at $1,250 pa.Equip MyPension provides good flexibility, with members having the ability to receive pension payments fortnightly through to annually. 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
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      Past 5-year return
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