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Quick pension fund review
For LGIAsuper - Pension Account
These are the benefits of this pension fund.
- Extensive member education program.
- Solid investment returns from a range of ready-made and single asset class options.
- Unique understanding of Queensland local government and the needs of members while they work and the years beyond.
- Free annual investment update seminar.
- In-house administration.
LGIAsuper is an industry fund established in 1965 to cater to the retirement needs of current and former Queensland local government employees and their spouses, with membership now open to the general public. On July 2021, LGIAsuper merged with Energy Super to create one of the largest Queensland-based super funds. The LGIAsuper Pension Account opened in 1993 and requires a minimum initial investment of $50,000 to commence membership.LGIAsuper offers a range of 12 investment options to choose from, providing members with access to 5 Ready-Made and 5 Single Asset options, as well as 2 Socially Responsible options. The Diversified Growth option outperformed the SuperRatings Index over all assessed time periods to 30 June 2020.Fees are lower than the industry average across all account balances assessed, with the percentage-based administration fee capped at $900 pa. Members are able to switch investment options at no cost. LGIAsuper provides good flexibility, with members having the ability to receive pension payments fortnightly through to annually. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Beneficiary options are comprehensive, including binding and non-binding nominations, as well as reversionary pensions. LGIAsuper provides members with access to free seminars across Queensland, as well as a range of online fact sheets, calculators, educational videos, and comprehensive financial planning services. LGIAsuper's Member Online further allows members to perform transactions, as well as view and update account details.
Pension fund overview
For LGIAsuper - Pension Account
Target Market Determination
Visit LGIAsuper to view Target Market Determination.
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
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