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LGIAsuper - Pension Account

Past 5-year return
10.62%
Admin fee
$0
Calculated Fees on 50k
$535
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.
LGIAsuper is the super fund for current and former Queensland local government employees and their spouses, with membership now also open to the general public. The LGIAsuper Pension Account opened in 1993 and has achieved a Platinum rating for the past 10 consecutive years. A minimum initial of $50,000 is required to commence membership.LGIAsuper offers a range of 12 investment options to choose from, providing members with access to 7 Ready-made and 5 Single Asset options. The fund also offers a MySuper Lifecycle option for members who have not made an investment choice. The Diversified Growth option underperformed the SuperRatings Index over the 5 years to 30 June 2017, although the fund has consistently provided low levels of volatility in investment earnings.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 binding and non-binding nominations, and 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's Member Online further allows members to consolidate super, view and update account details and perform transactions.

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
0.45%
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
0.45%
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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