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What the Researchers Say:

A "good value for money" superannuation 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
Awards
Fund data valid as of June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $117 $157 -$40
50k $558 $631 -$73
100k $1,048 $1,164 -$116

Investment Allocation

Intl shares 27.0%
Aus shares 27.0%
Property 12.0%
Alternative 9.0%
Fixed interest 23.0%
Cash 2.0%

Fees & Charges

Administration Fee ($) $68
Administration Fee (%) 0.29%
Investment Fee 0.69%
Switching Fee $0
Exit Fee $50
Account Size Discount Yes
Employer Size Discount No

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 43,550
Total Assets $2,855,755,109
Year Started 1989
Target Market Legal Profession
Offered to Public? Yes
Fund Type Industry-Public Offer

Fund Highlights - provided by legalsuper

Dominant fund for national legal profession (1/3 of national profession are members)
13 diversified and single-sector investment choices including MySuper Balanced option
High level of automatic insurance
Field team to service member and employer base
Ancillary benefits (8% NIB health insurance discount, Members Equity, Money Solutions)
Online account management

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 3.60%
2.81%
3.60%
2.81%
9.74%
9.60%
13.24%
12.66%
16.25%
14.73%
-0.88%
0.45%
Fund
Benchmark
High Growth 2.56%
0.68%
2.56%
0.68%
11.56%
11.66%
16.36%
15.76%
21.50%
20.40%
-3.70%
-3.15%
Fund
Benchmark
Conservative Balance 3.60%
2.82%
3.60%
2.82%
7.79%
7.28%
11.52%
9.64%
13.21%
11.26%
1.19%
1.87%
Fund
Benchmark
Secure 2.03%
2.82%
2.03%
2.82%
2.33%
7.28%
3.46%
9.64%
4.81%
11.26%
3.74%
1.87%
Fund
Benchmark
Growth 3.25%
2.10%
3.25%
2.10%
10.72%
10.71%
14.91%
14.01%
18.68%
17.11%
-2.14%
-0.95%
Fund
Benchmark
Australian Shares 6.56%
1.50%
6.56%
1.50%
5.30%
5.70%
17.21%
16.77%
21.78%
21.07%
-7.13%
-6.15%
Fund
Benchmark
Overseas Shares -2.35%
-2.30%
-2.35%
-2.30%
16.22%
19.16%
17.21%
17.63%
25.54%
26.14%
-3.34%
-2.45%
Fund
Benchmark
Capital Stable 3.18%
3.36%
3.18%
3.36%
5.78%
5.66%
8.74%
7.34%
9.53%
8.29%
3.05%
4.06%
Fund
Benchmark
Cash 1.86%
1.90%
1.86%
1.90%
2.52%
2.25%
3.23%
2.42%
3.53%
2.94%
3.89%
4.04%
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

legalsuper was established in 1989 to provide superannuation services to legal professionals. Today, legalsuper is a public offer fund, which is dedicated to serving the legal community.

Members have access to 13 Diversified and Single-Sector investment options, which include a Socially Responsible option. Furthermore, access to ASX300 shares, Term Deposits, ETFs and a selection of LICs is also available via the Direct Investment Option (Use of the Direct Investment Option entails additional costs). The legalsuper Balanced option has outperformed the SuperRatings Index over the fives years to 30 June 2015.

Fees associated with this product are rated as average on assessed small and medium account balances, and good on large account balances. When a member's account balance exceeds $350,000 on the 30th of June, their Administration fee is capped. No Switching fees are charged, although transactional costs may be incurred when changing investment options.

legalsuper's Death Only, Death & TPD and Income Protection (IP) offerings are all assessed as excellent. Members can apply for an unlimited amount of Death Only cover, and up to $3 million of Death & TPD cover. A high level of flexibility is available under Income Protection insurance, with a choice of 2 year, to age 60 or to age 65 benefit periods.

legalsuper members have access to workplace seminars and one-on-one meetings with Client Service Managers. legalsuper supports professional development for its members, and has been working with SANE Australian on Mental Health Programs.


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