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Quick pension fund review
For Equip - MyPension
These are the benefits of this pension fund.
- 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. In 2019, 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 2021 Momentum 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 lower than the industry average across all account balances assessed, and the asset-based 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.
Pension fund overview
For Equip - MyPension
Target Market Determination
Visit Equip Super to view Target Market Determination.
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
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