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What the Researchers Say:

An OTHER rated fund usually has average or below average features and/or performance across a number of assessment areas. These funds frequently have many competitors that offer superior performance and structures in a more efficient environment.

You should contact your financial adviser and/or this fund directly before making an investment decision.

  • Other
Awards
Fund data valid as of June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $67 $157 -$90
50k $665 $631 $34
100k $1,330 $1,164 $166

Investment Allocation

Intl shares 35.0%
Aus shares 35.0%
Fixed interest 25.0%
Cash 5.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 0.83%
Investment Fee 0.50%
Switching Fee $0
Exit Fee $0
Account Size Discount No
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

Total Assets $88,050,826
Year Started 1989
Target Market All Industries
Offered to Public? Yes
Fund Type Industry-Public Offer

Fund Highlights - provided by LESF Super

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

Investment Option Performance

Asset Allocation Category FYTD FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 6.00%
2.81%
11.17%
2.81%
12.58%
9.60%
-0.41%
12.66%
Fund
Benchmark
High Growth 6.72%
0.68%
14.65%
0.68%
20.06%
11.66%
-1.28%
15.76%
Fund
Benchmark
Cash 1.22%
1.90%
1.63%
1.90%
1.65%
2.25%
3.55%
2.42%
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

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 solutions to meet members' retirement needs.

The investment menu consists of six diversified and single-sector investment strategies, which include a MySuper option. The fund's default MySuper option under-performed the SuperRatings Index over the five years to 30 June 2015.

Fees associated with this product are higher than the industry average across all account balances assessed. However, there are no transaction fees payable 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 also available up to $25,000 per month, or 75% of salary. IP is offered with a maximum benefit period of two years, and 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.


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