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Equip annual report summary 2016-17

Equip has been helping Australians to save, build their wealth, and plan for retirement since 1931.

Our successful merger with the Rio Tinto Staff Super Fund (RTSSF) is the latest chapter in that story. It takes us to 75,000 members and $14.5 billion in funds under management. That scale means we're better able to serve our members, and ensure the best possible retirement outcomes. 

This year's annual report looks at how the superannuation industry is changing, and how we're responding.

download the full report

Fund size

Equip is a $14.5 billion dollar super fund with almost 75,000 members.

Super fund
$ 14.5
billion
Approximately
75 k
members
  • VIC 37%
  • WA 22%
  • QLD 19%
  • NSW 12%
  • SA 4%

Geographic distribution

We have members throughout the country, and have welcomed almost 25,000 new people via the Rio Tinto Staff Super Fund  (RTSSF) merger.

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

  • Resources
    35%
  • Electricity and energy
    30%
  • Professional and technical
    10%
  • Wholesale trade
    6%
  • Manufacturing
    4%
  • Construction
    3%
  • Other
    12%

Workforce

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

Male / female average salary

Female $75k
Male $94k

Community

Equip engages with the community. Last year our Financial Planning team hosted 18 free seminars around the country.

12
VIC
4
NSW
1
QLD
1
SA
85+
workshops
1.5 k
members

Workplace visits

We also held 85+ educational workshops and spoke to over 1500 members at job sites.

Education campaigns

Our goal is to provide members with a comfortable retirement. Our education campaigns are making an impact with superannuation roll-ins on the rise, and a large jump in voluntary contributions ahead of Federal legislation changes.

$86
million in super roll-in from members
73%
increase in voluntary contributions
Unique page views
55%
Increase
Visitors to blog
58k
Increase

Technology

Our content marketing strategy has changed the way we communicate with members. It’s enabled us to provide more relevant information, and has helped us boost engagement.

Initiatives

We are rolling out world-class digital platforms to communicate with members. This isn’t just an investment in technology, it’s a better way to deliver retirement outcomes.  

Salesforce
Marketo
Mercer

Investment returns

Better investment returns mean a better retirement income for members. Our 2016/2017 Balanced Growth option returned a very healthy 11.90% for members. This places us among the top ten performing funds in Australia.* 

*AFR Report

Balanced Growth 11.90%
3 year return 8.33%
5 year return 10.83%
7 year return 9.29%
*Past performance is not an indication of future performance
Under management
$ 2
billion
Annual increase
17
percent

Financial Planning numbers

Equip Financial Planning continues to grow, and now has $2 billion under advice. This reflects a 17% annual increase on the previous year

New Business

Last year we brought in almost $6 billion in funds from partnerships, tenders and mergers.

That's good news for the fund, and good news for members. It reaffirms our commitment to scale, and the benefits this provides. Simple stated - a better retirement for you and your family.


$ 5.8b
new business funds
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