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Equip - MySuper

Past 5-year return
7.86%
Admin fee
$52
Calculated Fees on 50k
$422
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Comprehensive but simple full investment menu with strong, consistent investment performance over the long term.
Flexible insurance offering that meets member's changing needs over their lifetime.
A range of financial planning options.
Simple electronic interfacing for making contributions and updates.
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, and has originated from a merger with the Gas and Fuel Superannuation Fund, The Water Industry Superannuation Fund, and most recently with Rio Tinto Staff Super Fund, with membership now open to the general public.The fund's MySuper offering comprises a single diversified investment option, Equip MySuper. The Equip MySuper option has outperformed the relevant SuperRatings Index over 1 and 3 years to 30 June 2018. Choice members are provided a choice of 6 Diversified and 6 Single Sector options, including the Sustainable Responsible Investment option for the ethical investor.Fees are competitive and lower than the industry average across all account balances assessed, and the asset administration fee is capped at $750 pa. Members can switch investment options and make withdrawals at no cost.A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) cover automatically provided to eligible members upon joining the fund. Members can apply to increase their Death and TPD cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection (IP) is available covering up to 85% of salary with a 2 year benefit period following a 30, 60 or 90 day waiting period. 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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Fees & fund features

Admin fee
Admin fee
$52
Administration fee (%)
Administration fee (%)
0.15%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.29%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.30%
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
$52
Administration fee (%)
Administration fee (%)
0.15%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.29%
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.30%
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 fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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Calculated Fees on 50k
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FAQs

MySuper accounts are basic, low-fee accounts. If you don’t nominate a superannuation fund, your employer must choose one for you that offers a MySuper account.

MySuper accounts offer two investment options:

  1. Single diversified investment strategy

Your fund assigns you a risk strategy and investment profile, which remain unchanged throughout your working life.

  1. Lifecycle investment strategy

Your fund assigns you an investment strategy based on your age, and then changes it as you get older. Younger workers are given strategies that emphasise growth assets

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