Employer update

While we’re disappointed with TelstraSuper’s decision, Equip Super is in the strong position of already being a fund of scale, having grown rapidly over the past decade through a series of mergers including with the Rio Tinto, Toyota and BOC Gases corporate funds.  The benefits to our members are clear – we have been able to reduce administration fees three times in the past five years from 25 bps to 19 bps.

Our focus has always been on delivering the best possible retirement outcomes to members, through strong performance, competitive fees and excellent service, and this is where our focus remains now. Given our strong financial position, the Board will now explore the option of providing a further fee reduction to members.

On 21 May 2025, we made a public announcement advising that the merger with TelstraSuper would not proceed.

Previously, we made a public announcement in December 2024 advising that we had signed a binding Heads of Agreement, agreeing to proceed with a ‘merger of equals’ with TelstraSuper. This announcement included emailing members, employers and other key stakeholders. 

Prior to that, we made a public announcement in September 2024 regarding our intention to explore a merger of equals with TelstraSuper. This announcement included emailing all members, employers and other key stakeholders. 

We are committed to communicating transparently with you and your people, and other key stakeholders, when there are major updates regarding your superannuation fund.

If you have any questions about this announcement, or any other aspect of your Equip Super membership, please contact us or your Employer Relationship Manager directly.