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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.

  • MySuper Gold
Awards
Fund data valid as of May 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $117 $157 -$40
50k $558 $634 -$76
100k $1,048 $1,169 -$121

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 43,064
Total Assets $2,726,000,000
Year Started 2013
Target Market Legal Profession
Offered to Public? Yes
Fund Type Industry-MySuper

Fund Highlights - provided by legalsuper MySuper Balanced

Dominant fund for national legal profession
MySuper Diversified Balanced option
Default Death & TPD cover provided
Field team to service member and employer base
Ancillary benefits include discounts across banking, health care and financial advice services

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 4.84%
3.68%
10.03%
9.60%
13.21%
12.66%
16.25%
14.73%
-0.88%
0.45%
8.22%
8.71%
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.

The legalsuper MySuper Balanced option is an actively managed, diversified investment option. It has exhibited long-run performance in excess of the SuperRatings Index. Choice members have access to 12 additional Diversified and Single-Sector investment option. 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).

Fees associated with this product are rated as good on assessed small and large account balances, and average on medium 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 rated as excellent. Premium costs are competitive across all insurance types and a high level of flexibility is available under Income Protection, with a choice of 2 year, to age 60 or to age 65 benefit periods. Members can also apply for an unlimited amount of Death Only cover, and up to $3 million of Death & TPD cover.

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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