legalsuper Pension

Established in 1989 to provide superannuation services to legal professionals, legalsuper is now a public offer industry fund dedicated to serving the legal community. legalsuper Allocated Pension opened in 2006. As part of the fund's post-retirement income solutions, the Lifetime and Fixed Term Guaranteed Income accounts are designed to offer a guaranteed, regular income while providing additional protection against inflation and longevity risks. The fund was a finalist for the 2017 Rising Star Award, in recognition of its consistent improvements to its product offering. Members have access to 11 Diversified and Single-Sector investment strategies, which include a Socially Responsible option. Furthermore, access to a selection of shares, ETFs, LICs and term deposits is also available via the Direct Investment Option, however, additional costs may be incurred. The Balanced option has outperformed the SuperRatings Index over the short and long term, providing members with top quartile returns.Fees for the Balanced option are lower than the industry average across all assessed account balances, with the administration fee capped for account balances over $350,000 as at 30 June. No Switching fees are charged, although transaction costs may be incurred for changing investment options. Exit fees do apply.legalsuper Allocated Pension contains a good level of flexibility and choice. Members are offered a variety of payment frequencies ranging from fortnightly to yearly, and can nominate a fixed percentage drawdown order for pension payments or pro-rata across investments. With a pension recycling facility, members are able to re-consolidate their superannuation monies with their existing legalsuper pension account.