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Local Government Super Account Based Pension

Past 5-year return
8.73%
Admin fee
$71
Calculated Fees on 50k
$711
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6 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 6 Diversified and Single-Sector investment strategies, which include a Sustainable Australian Shares option. The Balanced Growth option underperformed the SuperRatings Index over the 10 years to 30 June 2018. Fees for the Balanced Growth option are lower than the industry average across medium and large assessed account balances. Switching fees apply for product and investment switching, while no exit fees are charged. 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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Fees & fund features

Admin fee
Admin fee
$71
Administration fee (%)
Administration fee (%)
0.27%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.66%
Exit fee
Exit fee
$27
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.35%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$27
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$71
Administration fee (%)
Administration fee (%)
0.27%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.66%
Exit fee
Exit fee
$27
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.35%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$27
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
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