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What the Researchers Say:

A "good value for money" fund that is strong in nearly all assessment areas but with average features and/or performance in one or more of our assessment criteria.

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

  • Gold
  • Rising Star Award
  • Infinity Award
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $333 $707 -$374
250k $1,393 $3,049 -$1,656
500k $2,718 $5,783 -$3,065

Investment Allocation

Intl shares 28.0%
Aus shares 23.0%
Property 7.0%
Alternative 21.0%
Fixed interest 15.0%
Cash 1.0%
Other 5.0%

Fees & Charges

Membership Fee $68
Asset Admin Fee 0.28%
Investment Fee 0.25%
Switching Fee $25
Exit Fee $25
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

Membership 91,326
Total Assets $9,025,005,667
Year Started 1999
Target Market
Offered to Public?
Fund Type Industry-Allocated Pension

Fund Highlights - provided by Local Government Super Account Based Pension

6 easy to understand investment options to select from plus DIY Investment Option
Free pre-retirement seminars
Account Managers in branches throughout Sydney and regional areas
Range of ancillary benefits through Fair Go Member benefits program
Various death benefit payment options available including a Reversionary Pension and Binding Nominations
Access to an in-house financial planning service

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 5.28%
9.94%
13.43%
15.96%
-0.38%
9.91%
Fund
Benchmark
Conservative Balanced 5.44%
3.85%
7.60%
8.25%
10.61%
11.01%
11.55%
12.60%
3.18%
3.18%
8.97%
9.13%
Fund
Benchmark
Growth 4.73%
4.21%
12.43%
11.50%
16.23%
15.91%
19.52%
19.45%
-3.58%
-1.21%
10.55%
11.20%
Fund
Benchmark
Australian Shares 5.25%
5.54%
17.13%
6.75%
13.51%
18.31%
Fund
Benchmark
Capital Stable 4.79%
3.63%
4.82%
6.35%
7.75%
8.17%
8.16%
9.14%
5.78%
4.79%
8.03%
7.97%
Fund
Benchmark
Cash 2.16%
2.08%
2.56%
2.61%
2.86%
2.78%
3.49%
3.48%
4.62%
4.76%
5.73%
5.05%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2015, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

Local Government Super (LGS) is a public offer industry fund which was established in 1997 to provide retirement benefits to employees of NSW Local Governments. The LGS Account Based Pension commenced in 1999.

Members have access to 6 Diversified and Single-Sector investment options. Access to Term Deposits, ASX300 Shares and ETFs is also provided via the DIY Investment Option (Use of the DIY option entails additional costs). The LGS Balanced Growth option has under-performed the SuperRatings Index over the five years to 30 June 2015.

Fees associated with this product are rated as excellent across all assessed account balances. However, transactional fees are applicable for withdrawals, investment and product switches.

Members are provided with a reasonable level of flexibility, offering 5 pension payment frequencies, ranging from twice-monthly to annually, and a single pension payment date. Members have the ability to nominate a fixed percentage drawdown for pension payments, or pro-rata across investments. A Transition to Retirement Pension is also available.

LGS was awarded SuperRatings Infinity Award in 2015 for the fourth time for their exceptional commitment to social, ethical and environmental principals. The fund is also the winner of the 2016 Rising Star Award, in recognition of its consistent improvements to its product offerings which have significantly enhanced value for its members.


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