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Equip annual report summary 2016

The superannuation industry is changing.
New legislation and a push for consolidation is reshaping the landscape.

Equip is also changing, and this year’s report sets out the ways we are utilising product innovation, technology, and investments to grow and transform the fund.

download the full report

Fund size

Equip is a $7.5 billion dollar super fund with almost 48,000 members.

Super fund
$ 7.5
billion
Approximately
48 k
members
  • VIC 56%
  • NSW 15%
  • QLD 10%
  • SA 7%
  • WA 5%

Geographic distribution

We have members throughout the country, with most located on the east coast.

Demographics

While their ages vary, our members tend to be male.

Membership age

  • 20-29 14%
  • 30-39 28%
  • 40-49 26%
  • 50-59 20%
  • 60-69 8%
  • 66 + 4%

Male / Female breakdown

  • M 68%
  • F 32%

Industry sector diversity

  • Electricity and energy
    45%
  • Professional, scientific, technical
    15%
  • Wholesale trade
    11%
  • Manufacturing
    7%
  • Retail and trade
    4%
  • Construction
    3%
  • Other
    15%

Workforce

Our members work across various sectors and earn more than the national average.

Male / female average salary

Female $73k
Male $96k

Community

Equip engages with the community. Last year our Financial Planning team hosted 16 free seminars around the country.

10
VIC
4
NSW
1
QLD
1
SA
120
workshops
2.5 k+
attendance

Workplace visits

We also held 120 educational workshops and spoke to over 2500 members at job sites.

Education campaigns

Our goal is to provide members with a comfortable retirement. Our education campaigns are making an impact with salary sacrificing and super roll-in numbers both up from the previous 12 months.

~$100
million in super roll-in from members
5%
annual increase in salary sacrificing
Unique page views
62%
Increase
New users
33%
Increase

Technology

Looking towards the future, technology is going to play a key role in the fund’s growth.

The new Equip website was rolled out earlier in the year and has already lead to an increase in both visitors and engagement.

Initiatives

Our digital work is supported by a number of new initiatives including Equip MyMoney, Move the Dial, and the new retirement income calculator.

Equip MyMoney
Move the Dial
MyFuture calculator

Investment options for Equip MyMoney

Growth
Balanced
Conservative

Equip MyMoney

Equip MyMoney is a service that provides members with automated investment advice, and helps them choose the right option for their goals and risk tolerance.

Move the Dial

Move the Dial enables people to compare their super balances. It’s helped demonstrate the retirement savings gap between men and women, and helped our members grow their savings. The award winning comparison tool has been used over 7000 times.

7 k
times

Equip MyFuture

All the above has been supported by the launch of Equip MyFuture, which has helped simplify our product for members and employers. It means people can keep the same account throughout their working life.

Investment returns

Better returns on investments means a better retirement income for members. Our 2015/2016 Balanced Growth option returned 2.8% for members in a tough year for investment markets.

Balanced Growth 2.8%
3 year return 8.8%
5 year return 8.6%
10 year return 5.9%
*Past performance is not an indication of future performance
Under management
$ 1.7
billion
Annual increase
22
percent

Financial Planning numbers

Our Financial Planning arm has also grown, and now has $1.7 billion under management. This reflects a 22% annual increase in members under advice.

New Business

Our focus on innovation, member services, and growing the fund means Equip is well positioned for the future.

Over the past year we’ve brought in almost $300 million in funds from partnerships, tenders and new members.


$ 300m+
new business funds
How long will your super last? Check the MyFuture calculator