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Our Proud History

One of Australia's oldest superannuation funds, Equip was founded in 1931 as the Provident Fund of the State Electricity Commission of Victoria (SECV).

Equip's history at a glance

  • 1931

    The State Electricity Commission of Victoria (SECV) establishes a pension fund for its employees.

  • 1993

    The fund becomes known as the Victorian Electricity Industry Superannuation Fund (VEI).

  • 1995

    The ability to roll in other funds, and open an account based pension is offered to members for the first time.

  • 1997

    A merger with the Gas and Fuel Superannuation Fund leads to the formation of the Victorian Energy Industry Superannuation Fund

  • 1998

    The fund changes its name to Equipsuper.

  • 1999

    The Water Industry Superannuation Fund (WISF) merges with Equipsuper.

  • 2001

    A Sustainable Responsible Investment option is offered for the first time.

  • 2005

    Equipsuper become a certified public offer fund, enabling individuals to join without an employer sponsor.

  • 2005

    Equipsuper offers daily unit pricing and buy-sell spreads for all investment options.

  • 2006

    Equipsuper expands its Diversified investments, adding a 'Balanced' option.

  • 2007

    A Financial Planning division is launched to provide members with more comprehensive services.

  • 2012

    Equipsuper rebrands as Equip to better represent the growing portfolio of services, including pension products and financial planning.

  • 2013

    Equip becomes the 13th fund to receive a MySuper licence from APRA, necessary to retain a 'default fund' status.

  • 2014

    Equip launches the award-winning MyPension product for people entering retirement who are not under financial advice.

  • 2014

    Equip announces a partnership with Australian Super as its defined benefit specialist.

  • 2015

    Equip launches the ‘Move the Dial’ tool to highlight the gender gap in superannuation. Wins Fund of the Year at the ASFA Awards.

  • 2017

    Equip mergers with the Rio Tinto Staff Super Fund (RTSSF) to become a $15 billion dollar fund with 75,000 members.

  • 2019

    Joint venture between Equip and Catholic Super commences. The completed successor fund transfer (SFT) in 2021 creates a $30 billion dollar fund with 140,000 members.

  • 2021

    Further SFTs with Toyota Super and BOC Super add 7,500 new members and $1.6 billion in funds under management (FUM).

  • 2021

    Equip celebrates 90-year anniversary.

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