Equip MyFuture Review
Equip Super Performance: Returns to September 30 2021
|Investment Option||1 Year||3 Year||5 Year|
|Conservative VS Median||-0.66%||-0.16%||-0.18%|
|Equip MySuper VS Median||-1.44%||-0.45%||-0.26%|
|Growth Plus VS Median||2.00%||0.82%||1.89%|
Equip Super Fees
|Investment Option||Flat Fee||Percentage Based Fee||Fee Based on 50k|
ABN: 33 813 823 017
Address: GPO Box 4303 Melbourne Vic 3001
About Equip Super
Equip Super was founded in 1931 for the State Electricity Commission of Victoria.
As of 30 June 2020 Equip Super have over 68,000 members with over $15.9 Billion in assets under management.
Equip Super Investment Options
Equip Super has 6 ‘Diversified’ investment options and 6 ‘Sector Specific options’.
Equip MySuper, Conservative, Balanced, Balanced Growth, Growth and Growth Plus
Australian Shares, Sustainable Responsible Investments, Overseas Shares, Property, Fixed Interest and Cash
Equip Super Performance
Equip Super’s Conservative and Balanced and Equip MySuper investment options underperformed the median over 1, 3, and 5 years, while the Growth Plus option outperformed the median over 1, 3 and 5 years.
Equip Super Fees
Equip Super’s fees for their MySuper option are below the median compared to other funds’ MySuper/Balanced options listed on Review My Super.
Equip Super Insurance
Equip Super offers automatic death and TPD insurance cover to their members employed by one of their participating employers. Those joining themselves or work for an employer who is not a participating employer will not receive any automatic cover.
Additional cover is available with the following limits:
Death – no maximum
TPD – $3 million.
Salary Continuance – $30,000 per month.
Insurance is provided by Hannover Life Re of Australasia Ltd. You can compare the wider market and have the premiums paid via your super. Compare insurers here.
Equip Super Financial Advice
Equip Super can provide General advice at no additional cost.
Equip Super also provide personal advice. This will be provided by a financial adviser and a Statement of Advice issued, this will most likely come at a cost.
Advice is provided by Togethr Financial Planning Pty Ltd.
A benefit of seeking advice through Equip Super is it is free for general advice and the advisers will be very familiar with Equip Super and all its options.
A downside is they will not likely recommend funds other than Equip Super, even if there are more suitable options.
To speak with an advisor that can consider all available funds and insurers in the market, please fill out the ‘Speak To An Advisor’ form on this page.
Frequently Asked Questions
Equip Super’s My Super and Conservative options have Under performed the median over 1, 3 and 5 years.
Fees are close to the median of funds listed on Review My Super.
However, it hasn’t made the top funds list on performance or fees.
No, Equip Super is not a self-managed super fund. It is regulated by APRA.
No, Equip Super is not an industry fund.
Equip Super is a not-for-profit fund with a government and corporate membership base.
Yes, anyone can join Equip Super.