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What the Researchers Say:

An OTHER rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.

You should contact your financial adviser and/or this fund directly before making an investment decision.

  • Other
Awards
Fund data valid as of April 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $660 $700 -$40
250k $3,300 $3,016 $284
500k $6,600 $5,720 $880

Investment Allocation

Intl shares 35.0%
Aus shares 35.0%
Fixed interest 25.0%
Cash 5.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.75%
Investment Fee 0.57%
Switching Fee $0
Exit Fee $0
Account Size Discount No
Employer Size Discount N/A

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Total Assets $88,050,826
Year Started 2014
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by LESF Account-Based Pension

No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS

What the researchers say

Established in April 1989 as the Queensland Law Society Superannuation Scheme, LESF Super is a public-offer superannuation fund, with the aim to offer a simple yet effective superannuation solutions to meet members??? retirement needs. LESF Account-Based Pension commenced in November 2014.

The investment menu consists of four investment strategies: Equities, Conservative, Cash and Balanced option. The performance history of the fund's default Balanced option is not yet available.

Fees associated with this product are higher than the industry average across medium and large account balances assessed. However, there are no transaction fees payable for withdrawals or investment switches.

LESF Account-Based Pension offers limited pension flexibility. Members have the option to receive their pension payments monthly, quarterly, half-yearly or annually, with payment dates set by the fund. Transition to Retirement account is also available, with a minimum initial investment of $20,000 required.

LESF Super launched a new website in September 2014 featuring a Learning Centre for educational purposes as well as employer and member online capabilities.


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