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LESF Pension Plan

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$660
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
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 solution to meet members' retirement needs. LESF Pension Plan commenced in November 2014. In February 2016, LESF Super completed its merger with the Managed Australian Retirement Fund. The investment menu consists of six Diversified and Single-Sector investment strategies. The default Balanced option underperformed the SuperRatings Index in 2016, while long term returns are not available.Fees associated with this product are lower than the industry average on small account balances assessed, but become more expensive than an average fund's fees across medium to large account balances assessed. However, no fixed dollar member fee is applied, and transaction fees are also not charged for withdrawals or investment switches.LESF Pension Plan offers limited flexibility. Members have the choice of receiving their pension payments either monthly, quarterly, half-yearly or annually, with the payment date set by the fund. Reversionary pension and Non Lapsing Binding death benefit nomination options are also provided. A Transition to Retirement account is available to pre-retirees, 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.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.57%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$0
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.57%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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