Local Government Super

Local Government Super Account Based Pension

Past 5-year return
6.02%
Admin fee

$71

Calc fees on 50k

$571

SuperRatings awards
Past 5-year return
6.02%
Admin fee

$71

Calc fees on 50k

$571

SuperRatings awards

Pros and Cons

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

Summary

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 is Infinity Recognised, which is a result of its strong commitment to environmental and social principles.Members are provided with a choice of 5 Diversified and Single-Sector investment strategies. The Balanced Growth option outperformed the SuperRatings Index over the 10 years to 30 June 2019. 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.

Features and Fees

LGS Fees and Features

    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 is Infinity Recognised, which is a result of its strong commitment to environmental and social principles.Members are provided with a choice of 5 Diversified and Single-Sector investment strategies. The Balanced Growth option outperformed the SuperRatings Index over the 10 years to 30 June 2019. 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

      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
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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