LUCRF Super - MySuper BalancedInformation shown is for the balanced option.
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.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$92|
|Administration Fee (%)||0.15%|
|Account Size Discount||No|
|Employer Size Discount||No|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Target Market||All Industries|
|Offered to Public?||Yes|
Fund Highlights - provided by LUCRF Super - MySuper Balanced
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2016||FY 2015||FY 2014||FY 2013||FY 2012||Comparison|
- 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.
Percentage of Growth Assets
What the researchers say
Established in 1978, LUCRF Super is Australia's first industry fund. As a MySuper compliant public offer fund membership is open to all Australians regardless of occupation. The fund continues to demonstrate excellent environmental and social principles and is Infinity Recognised for 2017.
Members have a menu of 10 options to choose from consisting of 5 Diversified and 5 Single Sector strategies. A Targeted Return option is available and aims to reduce volatility of returns and preserve capital. The default MySuper Balanced option has underperformed the SuperRatings Index over the long term.
The fund offers a competitive and simple fee structure across all account balances assessed with low ongoing costs. Investment switches can be made at any time at no additional cost, although withdrawal fees may apply.
LUCRF Super offers members a full suite of insurance cover. Default cover is unitised and members are allocated 1 unit of Death and TPD cover upon joining. New member's can also apply for further cover of up to 6 units of Death or 4 units of Death and TPD insurance without medical evidence. Income Protection insurance covers up to 85% of salary and has a 30, 60 or 90 day waiting period.
LUCRF Super offers access to Free Consolidation and Lost Super Search services, as well as a range of other benefits, including regular member education programs. The LUCRF Community Partnership Trust continues to be actively involved in community projects that reflect the core values of LUCRF, their employers and members.