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.

  • MySuper Other
Fund data valid as of July 31, 2017

Typical Fees

Balance This Fund Industry Average Difference
5k $127 $154 -$27
50k $451 $612 -$161
100k $811 $1,127 -$316

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 7,065
Total Assets $468,496,675
Year Started 2014
Target Market
Offered to Public? No
Fund Type Industry-MySuper

Fund Highlights - provided by Lutheran Super - MySuper

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 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 0.06%
  • 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 30/06/2016, 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 was established as a Superannuation fund for employees of the Lutheran Church and their families.

The fund is MySuper authorised, and from January 2014, the existing Balanced option is the default MySuper offering for members who don't make an investment choice. Lutheran Super's Balanced option underperformed the SuperRatings Index over the short and long term.

Lutheran Super's fees are lower than the industry average across all account balances assessed. Members are entitled to unlimited free investment switches; however, an exit fee applies.

Members receive automatic Death, Total and Permanent Disability insurance cover upon joining the fund. Income Protection (IP) is also available for members working above the minimum required 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.

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