LUCRF Retirement Pension

LUCRF Super is a MySuper compliant fund that was established in 1978. The fund was Australia's first industry fund and has been designed to facilitate the retirement needs of members across most industries. LUCRF Retirement Pension requires an initial investment of $10,000. The fund continues to demonstrate a strong commitment to environmental and social principles and is Infinity recognised.The fund's Balanced option is the default strategy and offers diversification across a range of asset classes. The Balanced strategy has underperformed the SuperRatings Index over five years to 30 June 2017. Members who make an investment choice may select from five diversified and five single sector investment options. Fees for the LUCRF Pension Plan are lower than the industry average across all account balances assessed. No additional fees are charged for switching between investment options or exiting the fund. Pension flexibility is good, with members able to select between weekly through to annual payments options as well as tailor which investments are drawn down. Members can initiate a partial withdrawal online and are offered non-binding, binding and reversionary beneficiary options. LUCRF Super offers access to free consolidation and lost super search services, as well as a range of other benefits, including regular member education programs and mobile app. The LUCRF Community Partnership Trust continues to be actively involved in numerous community projects across Australia that reflect the core values of LUCRF, their employers and members.