Quick Verdict
Both charge $438/yr at a $50k balance. Equip Super leads on 10-year returns (7.80% vs 7.50%).
Fund Overview
Brighter Super
| Type | Industry |
| Established | 2022 |
| Trustee | LGIAsuper Trustee |
| HQ State | QLD |
| Members | 120K |
| Assets (AUM) | $18B |
Equip Super
| Type | Industry |
| Established | 1931 |
| Trustee | Togethr Trustees Pty Ltd |
| HQ State | VIC |
| Members | 100K |
| Assets (AUM) | $35B |
Fee Comparison
| Fee Component | Brighter Super | Equip Super |
|---|
| Admin Fee (flat) | $78 | $78 |
| Admin Fee (%) | 0.18% | 0.16% |
| Investment Fee | 0.48% | 0.50% |
| Indirect Cost Ratio | 0.06% | 0.06% |
| Buy/Sell Spread | 0.12% | 0.10% |
Total Annual Fee by Balance
| Balance | Brighter Super | Equip Super |
|---|
| $10,000 | $150 | $150 |
| $25,000 | $258 | $258 |
| $50,000 | $438 | $438 |
| $100,000 | $798 | $798 |
| $250,000 | $1,878 | $1,878 |
| $500,000 | $3,678 | $3,678 |
Performance Comparison
| Period | Brighter Super | Equip Super |
|---|
| 1-Year | 10.50% | 11.00% |
| 3-Year | 7.20% | 7.80% |
| 5-Year | 7.50% | 8.00% |
| 7-Year | 7.50% | 8.00% |
| 10-Year | 7.50% | 7.80% |
| FY2024 | 8.20% | 8.50% |
| FY2023 | 9.50% | 9.80% |
| FY2022 | -3.00% | -2.80% |
| FY2021 | 18.50% | 19.00% |
| FY2020 | -0.20% | -0.20% |
| FY2019 | 7.80% | 8.00% |
| FY2018 | 9.50% | 9.80% |
| FY2017 | 11.50% | 12.00% |
| FY2016 | 3.50% | 3.80% |
| FY2015 | 9.50% | 10.00% |
Insurance Comparison
Brighter Super
| Insurer | TAL Life Limited |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out |
| IP Cover | Yes — opt-in |
Equip Super
| Insurer | AIA Australia |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out |
| IP Cover | Yes — opt-in |
APRA Heatmap Ratings
Brighter Super
| Fee Rating | Above median |
| Return Rating | Around median |
| Sustainability | Performing |
Equip Super
| Fee Rating | Around median |
| Return Rating | Around median |
| Sustainability | Performing |
Investment Options
Brighter Super
| Total Options | 9 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
Equip Super
| Total Options | 9 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
Member Services
Brighter Super
| App Ratings | iOS 4.1 / Android 3.9 |
| Advice | Not specified |
| AFCA Complaints | 3.8 per 10k members |
| Call Centre | Not specified |
Equip Super
| App Ratings | iOS 4.3 / Android 4.1 |
| Advice | Not specified |
| AFCA Complaints | 4.5 per 10k members |
| Call Centre | Not specified |
Verdict
On fees, Equip Super is the more affordable option. At a $50,000 balance, Equip Super costs $438 per year compared to $438 for Brighter Super — a difference of $0 annually. That gap is small enough that it should not be the deciding factor between these two funds.
Looking at long-term performance, Equip Super holds the edge with a 10-year return of 7.80% versus 7.50% for Brighter Super — a gap of 0.30% per annum. While not enormous, that gap adds up over the compounding horizon of a superannuation balance.
On insurance, Brighter Super uses TAL Life Limited while Equip Super is backed by AIA Australia. On member satisfaction, Brighter Super has fewer AFCA complaints at 3.8 per 10,000 members compared to 4.5 for the other.
Brighter Super is best suited for public sector workers, miners energy workers, while Equip Super targets miners energy workers, public sector workers. The two funds also serve different industries: Brighter Super focuses on local government, energy, while Equip Super targets energy, rail. If your employer defaults to one of these funds, that alone may tip the decision.
Important information
The information on SuperFind is general in nature and does not take into account your personal financial situation, needs, or objectives. It is not personal financial advice. Before making any financial decisions about your superannuation, consider whether the information is appropriate for your circumstances and consider seeking advice from a licensed financial adviser. Super fund data including fees and performance returns shown on this site were current as of April 2026 — always verify figures on the fund's website. Past performance is not a reliable indicator of future performance. Data sourced from APRA, ATO, and individual fund disclosures. SuperFind is a
DecisionLab publication.