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Local Government Super Personal Division

Past 5-year return
9.98%
Admin fee
$70
Calculated Fees on 50k
$425
Strong commitment to sustainable investing
Access to financial planning service & online member access facility
Attractive insurance offering with competitive rates for automatic insurance
Member benefit program which provides benefits and discounts for travel accommodation, phone and rental cars etc.
Significant member education (free seminars, printed newsletters, e-Newsletters, member communications, fact sheets, website etc)
Originally established to provide retirement benefits to employees of NSW Local Governments in 1997, Local Government Super (LGS) is now a public-offer industry fund. LGS Accumulation Scheme is one of multiple divisions offered by the fund, which includes Defined Benefit and Pension schemes. LGS won the 2017 SuperRatings Infinity Award for the fifth time for its exceptional commitment to social, ethical and environmental principals. The fund was also the winner of the 2016 Rising Star Award, in recognition of its consistent improvements to its product offerings, which have significantly enhanced value for its members.Members are provided with a choice of 6 Diversified and Single-Sector investment strategies, which include a Sustainable Australian Shares option. Access to Term Deposits, ASX300 Shares and ETFs is also provided via the DIY investment option, however, additional costs may be incurred. The Balanced Growth option has performed in-line with the SuperRatings Index over the long term. Fees for the Balanced Growth option are well below the industry average across all assessed account balances. However, switching and exit fees are applicable. LGS' Death Only, Death & TPD and Income Protection (IP) offerings are competitive compared to industry peers. IP is available with benefit periods of either 2 years or until age 65, and with a choice of 30, 60 or 90 day waiting periods. With medical evidence, members can apply for unlimited Death Only cover and up to $3 million of Death & TPD insurance.

Fees & fund features-0

Admin fee
Admin fee
$70
Exit fee
Exit fee
$26
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.44%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$26
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
$70
Exit fee
Exit fee
$26
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.44%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$26
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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