From 1 June 2022, the Equip Property investment option will close and your investment in this option will need to be transferred to an alternate investment option. Our expert Investments team has selected the Equip Balanced Growth investment option as the replacement, as it aligns most closely to the Equip Property option in terms of the risk profile. 

We regularly review our investment options to make sure they meet members’ needs and align with our investment objectives. After our recent review, we have made the decision to close the Equip Property option. 

By simplifying and consolidating the options, we are able to generate operational efficiencies to pass onto you through better value and more effective investment option choices. 

Our expert Investments team have selected Equip Balanced Growth as the replacement investment option, as it most closely aligns to Equip Property in terms of risk profile. If you have money invested in Equip Property, these funds will be moved to Equip Balanced Growth, unless you make a different investment choice before 4pm 31 May 2022. 

How your super is invested is your choice. You have two options: 

Option 1 – We’ve got you covered––don’t do a thing. 

If you’re happy with Equip Balanced Growth as your replacement investment option, then you don’t need to do anything. We’ll take care of it for you and automatically move your investment into the Equip Balanced Growth investment option in early June 2022. 

Option 2 - Make your own investment choice. 

If you’d prefer to invest in a different investment option than Equip Balanced Growth, you can do so by reviewing your investments and making your own choice before 4pm 31 May 2022.  

To make an investment choice: 

• *Simply log in to your account and select your new preference from the ‘Investments’ page, or  

• *You can also complete and return a  ‘Change investment option’ form. 

To process your request, your investment choice must be received by us before 4pm on 31 May 2022. 

To process your request, your investment choice must be received by us before 4pm on 31 May 2022.   

Our experienced Investments team have selected Equip Balanced Growth as the replacement investment option as it aligns most closely to Equip Property in terms of its investment risk profile.  

No. If you’re not invested in Equip Property there is no action you need to take. Please note that Equip Property is closed to new investment switches from 4pm on 31 May 2022. 

No. The replacement investment option will not result in increased fees and costs. 

No. Equip does not charge fees for investment switches, including moving to the replacement investment option. 

Equip does not charge fees for investment switches.

If you’re a first-time user

Click on the Login button on the Equip website then follow the prompts to register your member account. 

If you’ve already registered

Click on the Login button on the Equip homepage and enter your email and password. 

If you need any help, call us on Helpline 1800 682 626 between 8am and 8pm (AEST) Monday to Friday. 

If you are invested in the closing option, there will be service changes during the investment option closures. From 4.01pm on 31 May to 10 June 2022, while we take care of the investment option closures and switches, the following services will be unavailable: 

• *Asset switches 

• *Your online account.  

During this time our team can still assist you with non-financial transactions such as address updates and beneficiary nominations – simply call the Helpline on 1800 682 626 between 8am and 8pm (AEST) Monday to Friday. 

If you have a pension payment coming out of the closing option(s) that is due to be paid the fortnight commencing/ending 9 June 2022, your payment will be made early on 6 June 2022. 

We’re reducing your administration fee  

We’re continually looking for ways to improve our offer and to be able to pass back any savings possible to you. We’re pleased to let you know that from 1 July 2022 your administration fee will be decreasing.  

Your dollar-based administration fee will decrease from $2.50 to $1.95 per week, while your asset-based administration fee will decrease from 0.25% to 0.20% per annum, up to a maximum asset-based fee of $1,000 p.a. On a pension account balance of $400,000 the annual administration fee saving will be $228.60 – down from $1,130 to $901.40. The maximum annual asset-based administration fee will decrease from $1,250 to $1,000, as the asset-based fee is capped at an account balance of $500,000. A member with a balance of over $500,000 would only pay the asset-based administration fee on the first $500,000 of their account balance.  

There is nothing you need to do, as this change will automatically be made to your account from  1 July 2022.  

The asset-based administration fee makes up part of your total administration fee. It refers to the percentage that is charged per annum on your account balance in addition to your weekly administration fee. So, you are charged a weekly administration fee and an annual asset-based administration fee, and the total is your administration fee. 

(A) Subject to some prescribed exceptions, an administration fee generally relates to the administration or operation of the super fund and covers the costs that relate to that administration or operation.   

When we talk about a balance cap in reference to your asset-based administration fee, we mean the account balance up to which we will apply the asset-based percentage fee each year. For example, if the balance cap is $500,000 and you have a balance of $700,000, we will apply the asset-based administration fee on the first  $500,000 of your account balance but not on the balance from $500,000 to $700,000. For an Equip pension member, the maximum asset-based administration fee would be $1,000 per annum, which is 0.20% of the balance cap on $500,000.