Equip - MySuper

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.