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LESF MySuper

Past 5-year return
New fund
Admin fee
$0
Calculated Fees on 50k
$665
No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS
Established in April 1989 as the Queensland Law Society Superannuation Scheme, LESF Super is now a public offer superannuation fund, with the aim to provide a simple yet effective super solution to meet members' retirement needs. LESF MySuper is an authorised MySuper product, which was launched in January 2014. In February 2016, LESF Super completed its merger with the Managed Australian Retirement Fund.The assets of the LESF MySuper option are invested mainly in shares and fixed interest. It has underperformed the SuperRatings Index over the short term and long term.With no fixed dollar member fees applied, LESF MySuper fees are lower than the industry average on small account balances, but become more expensive than an average fund's fees across medium and large account balances assessed. However, no transaction fees are applicable for withdrawals or investment switches.LESF Super provides white collar members with a full suite of insurance cover. Eligible white collar members are automatically provided with Death & TPD cover and Income Protection insurance upon joining the fund. Members under 70 can also apply for up to $5 million Death cover and $3 million Death and TPD cover. Additional Income Protection (IP) cover is offered over a 2 year benefit period, covering 75% of salary or up to $25,000 per month, with a 30 day waiting period. LESF Super launched a new website in September 2014, featuring a Learning Centre for educational purposes as well as employer and member online capabilities.

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
0.50%
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
0.50%
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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