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Lutheran Super
Lutheran Super - Account Based Pension

Lutheran Super - Account Based Pension

No. of members:

6403

Fund size:

$578.9m

Public offer:

Product type:

Industry-Allocated Pension

Target market:

Year started:

2008

- Last updated on 06 Jul 2020

QSuper Lifetime

Pay no transaction or switching fees and enjoy a range of different investment options

SuperRatings awards

Past 5-year return

5.84%

Access to subsidised financial planning and an award-winning contact centre.Flexible insurance options with coverage to age 70.

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QSuper terms and conditions

Pension summary
Fees & fund features
Performance
Products
Similar

Past 5-year return

New Fund

Admin fee

$156

Calc fees on 50k

$591

SuperRatings awards

No information was provided by the fund to SuperRatings, Hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS

Lutheran Super is the superannuation fund dedicated to the benefit of employees & former employees of the Lutheran Church of Australia and their spouse. The Pension category provides members with a regular income stream in retirement. A minimum initial investment of $50,000 is required to commence membership.The investment menu consists of 8 investment options, including 2 Socially Responsible investment options for the ethical investor. Lutheran Super's Balanced Growth option underperformed the SuperRatings Index over the 5, 7 and 10 years to 30 June 2019.Lutheran Super's fees are lower than the industry average across all account balances assessed. Members are able to switch investment options at no cost.Lutheran Super offers reasonable flexibility, with members having the ability to receive payments monthly, quarterly or yearly, on a date set by the fund. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Beneficiary options include binding, non-binding and reversionary death benefit nominations. Lutheran Super offers a range of calculators, educational webinars and reporting publications on its website. Members can also access their account online and perform transactions.

Lutheran Super Fees and Features

Admin fee $156	Health insurance
Administration fee (%) 0.3%	Binding nominations
Indirect cost ratio (%)	Anti-detriment payments
Exit fee $0	Switching fee $0
Financial planning service	Employer size discount
Credit cards	Home loans
Insurance life event increases	Non-lapsing binding nominations
Investment fee 0.57%	Long term income protection
Account size discount

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

HIGH GROWTH

AUSTRALIAN SHARES

INTERNATIONAL SHARES

CAPITAL STABLE

CASH

+ View additional option performance information

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Product	Past 5-year return	Admin fee	Company	Calc fees on 50k	Features	SuperRatings awards	Go to site
Lutheran Super - Account Based Pension	New Fund	$156	Promoted Lutheran Super - Account Based Pension	$591	Advisory services Death insurance Income protection Online access Term deposits Variety of options			More details

Data last updated on 6 Jul 2020

Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Past performance is not a reliable indicator of future performance. More detailed performance data is available by clicking on the details button.

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No information was provided by the fund to SuperRatings, hence an alert rating may be given in areas where a qualitative assessment cannot be made. For available information refer to the fund's PDS.