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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 July 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $127 $156 -$29
50k $451 $627 -$176
100k $811 $1,155 -$344

Investment Allocation

Intl shares 26.0%
Aus shares 32.0%
Property 4.0%
Alternative 16.0%
Fixed interest 14.0%
Cash 8.0%

Fees & Charges

Administration Fee ($) $91
Administration Fee (%) 0.30%
Investment Fee 0.42%
Switching Fee $0
Exit Fee $118.51
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

Membership 7,113
Total Assets $453,081,716
Year Started 1972
Target Market Lutheran Church employees
Offered to Public? No
Fund Type Industry-Non Public Offer

Fund Highlights - provided by Lutheran 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 3.11%
2.65%
0.58%
2.81%
7.03%
9.60%
11.90%
12.66%
15.85%
14.73%
2.09%
0.45%
Fund
Benchmark
Growth 3.54%
3.18%
0.10%
2.10%
10.68%
10.71%
14.67%
14.01%
26.00%
17.11%
0.44%
-0.95%
Fund
Benchmark
Australian Shares 5.61%
5.68%
-2.47%
1.50%
4.75%
5.70%
15.99%
16.77%
22.94%
21.07%
-4.13%
-6.15%
Fund
Benchmark
Capital Stable 1.45%
1.32%
2.33%
3.36%
5.16%
5.66%
6.87%
7.34%
8.51%
8.29%
4.55%
4.06%
Fund
Benchmark
Cash 0.13%
0.16%
1.68%
1.90%
2.03%
2.25%
2.12%
2.42%
2.58%
2.94%
3.59%
4.04%
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

Lutheran Super established as a Superannuation fund for employees of the Lutheran Church and their families. Lutheran Super is a not for profit fund which aims to provide competitive benefits to members under an easy to understand structure.

The investment menu consists of three Multi and three Asset Specific options, including a Socially Responsible Australian shares option for the ethical investor. Lutheran Super's Balanced option underperformed the SuperRatings Index in 2015 and over the long term.

The fee structure is competitive and lower than industry average across all account balances assessed. Members are entitled to unlimited free investment switches; however, additional transaction fees apply.

Members receive automatic Death, Total and Permanent Disability insurance cover that is competitively priced. Members have the ability to double their cover (subject to conditions) without providing medical evidence.

Income Protection (IP) is also available for members working more than 15 hours per week and provides up to 84.5% (including 9.5% SG) salary coverage up to a maximum benefit of $30,000 per month. IP options include benefit periods of 2 years, 5 years, to age 65 and to age 67 with 3 levels of income cover, all under a 90 day waiting period. Members under the age of 65 have the option to increase their benefit payment period within 60 days of the date their cover commenced, without providing health evidence.

The funds' website incorporates improved navigation functionality, educational material and tools for retirement planning, budget planning, salary sacrifice and co-contributions as well as financial literacy.


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