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What the Researchers Say:

A 'best value for money' superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

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

  • Platinum
  • 7 Year Platinum Performance
Awards
Fund data valid as of October 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $320 $698 -$378
250k $1,600 $3,010 -$1,410
500k $3,200 $5,712 -$2,512

Investment Allocation

Intl shares 21.1%
Aus shares 9.1%
Property 15.0%
Alternative 5.3%
Fixed interest 37.2%
Other 12.3%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.21%
Investment Fee 0.43%
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

Membership 83,742
Total Assets $9,663,490,000
Year Started 1993
Target Market
Offered to Public?
Fund Type Government-Allocated Pension

Fund Highlights - provided by LGIAsuper - Pension Account

Extensive member education program.
Personal service from friendly and knowledgeable staff.
Solid investment returns from a range of ready-made and single asset class options.
Unique understanding of Queensland local government and the needs of members while they work and the years beyond.
Free annual investment update seminar.
In-house administration.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 1.39%
4.68%
7.81%
11.14%
11.12%
5.71%
Fund
Benchmark
High Growth 2.20%
3.01%
2.59%
0.82%
10.92%
13.21%
16.78%
17.79%
19.35%
22.59%
-1.35%
-3.09%
Fund
Benchmark
Conservative Balanced 0.99%
2.08%
4.78%
3.46%
6.19%
8.25%
8.31%
11.01%
8.05%
12.60%
7.10%
3.18%
Fund
Benchmark
Diversified Fixed Interest 0.35%
0.77%
5.20%
5.02%
4.31%
4.29%
6.08%
6.40%
2.83%
4.74%
11.99%
9.58%
Fund
Benchmark
Growth 1.93%
2.51%
3.64%
2.80%
9.29%
11.50%
13.89%
15.91%
15.21%
19.45%
1.82%
-1.21%
Fund
Benchmark
Australian Shares 2.37%
3.52%
1.02%
2.22%
3.59%
6.75%
16.28%
18.31%
16.69%
23.30%
-10.54%
-6.67%
Fund
Benchmark
Overseas Shares 2.41%
2.62%
-1.21%
-2.72%
19.57%
20.36%
20.10%
19.88%
29.91%
29.76%
0.36%
-3.07%
Fund
Benchmark
Capital Stable 0.71%
1.36%
4.42%
3.64%
4.89%
6.35%
6.53%
8.17%
5.61%
9.14%
8.63%
4.79%
Fund
Benchmark
Property 0.76%
0.42%
13.99%
13.83%
11.05%
10.92%
10.12%
10.68%
11.69%
12.91%
7.59%
7.92%
Fund
Benchmark
Cash 0.69%
0.68%
2.08%
2.25%
2.49%
2.61%
2.95%
2.78%
3.78%
3.48%
4.96%
4.76%
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 30/06/2016, 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

LGIAsuper is the super fund for current and former Queensland local government employees and their spouses. The LGIAsuper Pension Account opened in 1993 and has achieved a Platinum rating for the past 9 consecutive years. A minimum initial of $50,000 is required to is required to commence membership.

LGIAsuper offers a range of 12 investment options to choose from, providing members with access to 7 Pre-Mixed and 5 Single Sector options, including two Socially Responsible options for the ethical investor. The Balanced option underperformed the SuperRatings Index over the 5 years to 30 June 2016; however, this was accompanied by low levels of volatility.

Fees are competitive and lower than the industry average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost.

LGIAsuper provides good flexibility, with members having the ability to receive payments twice-monthly through to annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions.

LGIAsuper provides members with access to free seminars across Queensland, as well as a range of online fact sheets, calculators and educational videos. LGIAsuper online further allows members to view and update account details and perform transactions.


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