Local Government Super
Awards

Winner of Gold, Infinity Award, RateCity Gold Awards 2021

Local Government Super Account Based Pension

Past 5-year return
6.02

% p.a

Admin fee

$71

Calc fees on 50k

$571

SuperRatings awards
GoldInfinity Award
Past 5-year return
6.02

% p.a

Admin fee

$71

Calc fees on 50k

$571

SuperRatings awards
GoldInfinity Award

Pros and Cons

  • 5 easy to understand investment options to select from
  • Free pre-retirement seminars & access to an in-house financial planning service
  • Account Managers in branches throughout Sydney and regional areas
  • Ancillary benefits through Fair Go Member benefits program
  • Various death benefit payment options available including a Reversionary Pension and Binding Nominations

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 Account Based Pension commenced in 1999. 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. LGS was the winner of the 2021 Infinity Award in recognition of its commitment to social, ethical and environmental principals.Members are provided with a choice of 5 Diversified and Single-Sector investment strategies. The Balanced Growth option outperformed the SuperRatings Index over the 1- and 5-year periods to 30 June 2020; however, underperformed over other time periods assessed. Fees are lower than the industry average across all assessed account balances, although the fund charges an investment switching fee when members change investment options. Members are provided with a reasonable level of flexibility, offering 5 pension payment frequencies, ranging from twice-monthly to annually. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Additional benefits available include access to financial advice services, seminars, educational material, interactive tools and calculators, as well as the ability to view account details and perform transactions online through LGS Member Online.

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LGS Fees and Features

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    Fund fees vs. Industry average
    THIS FUND
    INDUSTRY AVERAGE
    Fund past-5-year return vs. Industry average
    THIS FUND
    INDUSTRY AVERAGE
    Investment allocation
    INTERNATIONAL SHARES
    AUSTRALIAN SHARES
    PROPERTY
    ALTERNATIVES
    FIXED INTEREST
    CASH
    OTHER
    Investment option performance
    BALANCED
    CONSERVATIVE BALANCE
    GROWTH
    CAPITAL STABLE
    CASH
    + View additional option performance information