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LESF Super

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 a public-offer superannuation fund, with the aim to offer a simple yet effective superannuation solution to its members. In February 2016, LESF Super completed its merger with the Managed Australian Retirement Fund.The investment menu consists of six Diversified and Single-Sector investment strategies, which includes a MySuper option. The default MySuper option has underperformed the SuperRatings Index over the short term and long term.Fees associated with this product are higher than the industry average across all account balances assessed. However, no fixed dollar member fee is applied, and transaction fees are also not charged 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-0

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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