LGIAsuper - Pension Account

LGIAsuper is the super fund for current and former Queensland local government employees and their spouses, with membership now also open to the general public. The LGIAsuper Pension Account opened in 1993 and has achieved a Platinum rating for the past 10 consecutive years. A minimum initial of $50,000 is required to commence membership.LGIAsuper offers a range of 12 investment options to choose from, providing members with access to 7 Ready-made and 5 Single Asset options. The fund also offers a MySuper Lifecycle option for members who have not made an investment choice. The Diversified Growth option underperformed the SuperRatings Index over the 5 years to 30 June 2017, although the fund has consistently provided low levels of volatility in investment earnings.Fees are competitive and lower than the industry average across all account balances assessed. Members are able to switch investment options and make withdrawals at no cost. LGIAsuper provides good flexibility, with members having the ability to receive payments twice-monthly 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, and reversionary pensions. LGIAsuper provides members with access to free seminars across Queensland, as well as a range of online fact sheets, calculators and educational videos. LGIAsuper's Member Online further allows members to consolidate super, view and update account details and perform transactions.