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Equip ranked 2nd in Australia for super transparency

Superannuation  |  22/09/2016  |   2 min read

Superannuation is a long term investment, and small differences in fees and returns can a significant impact on your retirement income. While a percentage point, or a $100 extra might not mean much in any given year, when you multiply it over a 50 year working life it quickly adds up.

Understanding what services your super fund is providing and how much they’re charging is something everyone should be aware of. Some funds do a much better job explaining this than others. 

According to a new report published by Global Reviews, Equip ranks second of the Australia super funds analysed when it comes to fee transparency. We scored 50% on their Digital Effectiveness Benchmark, against an industry average of 37%, and a low of 10% by BT.

Benchmark scores for feature and functions around fees/charges information


Chart supplied by Global reviews

The report notes that Equip’s “strong positive score [is based on] the inclusion of contextual FAQS / a link to FAQs relevant to account fees, in addition to contextual contact details relevant to account fees.”

You can find out more about Equip’s fee structure, investment policy, and annual returns on the website. For any additional information please call our helpline on 1800 682 626.

 

Check your retirement income with the Equip calculator