Equip - MySuper

No. of members:

68677

Fund size:

$14.8b

Public offer:

Product type:

Industry-MySuper

Target market:

All Industries

Year started:

2013

- Last updated on 12 Jul 2020

QSuper Lifetime

Pay no transaction or switching fees and enjoy a range of different investment options

SuperRatings awards

Past 5-year return

5.84%

Access to subsidised financial planning and an award-winning contact centre.Flexible insurance options with coverage to age 70.

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QSuper terms and conditions

Super summary
Fees & fund features
Performance
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Past 5-year return

5.29%

Admin fee

$52

Calc fees on 50k

$482

SuperRatings awards

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 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's MySuper offering comprises a single diversified investment option, Equip MySuper. The Equip MySuper option outperformed the relevant SuperRatings Index over the 3 and 5 years to 30 June 2019. 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 $1,250 pa. Members can switch investment options 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.

Equip Super Fees and Features

Admin fee $52	Health insurance
Administration fee (%) 0.25%	Binding nominations
Indirect cost ratio (%) 0.31%	Anti-detriment payments
Exit fee $0	Switching fee $0
Financial planning service	Employer size discount
Credit cards	Home loans
Insurance life event increases	Non-lapsing binding nominations
Investment fee 0.3%	Long term income protection
Account size discount

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

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Now showing 1 - 2 of 2 superannuation

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Product	Past 5-year return	Admin fee	Company	Calc fees on 50k	Features	SuperRatings awards	Go to site
Equip - MyFuture	5.60%	$52	Equip - MyFuture	$482	Advisory services Death insurance Income protection Online access Term deposits Variety of options			More details
Equip - MySuper	5.29%	$52	Equip - MySuper	$482	Advisory services Death insurance Income protection Online access Term deposits Variety of options			More details