LESF Account-Based PensionInformation shown is for the rated option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Asset Admin Fee||0.75%|
|Account Size Discount||No|
|Employer Size Discount||N/A|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Offered to Public?|
|Fund Type||Industry-Allocated Pension|
Fund Highlights - provided by LESF Account-Based Pension
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.