Smartsave

LESF and Macmahon Super Pension Plan

No. of members: 6523
Fund size: $187.8m
Public offer:
Product type: Master Trust-Allocated Pension
Target market: -
Year started: 2014
Past 5-year return
-
Admin fee

$0

Calc fees on 50k

$605

SuperRatings awards
Highlighted
7.15%

$117

AustralianSuper

$472

Advisory services
Death insurance
Income protection
Online access
Term deposits
Variety of options
Go to site
Past 5-year return
-
Admin fee

$0

Calc fees on 50k

$605

SuperRatings awards

Pros and Cons

Pros and Cons

  • 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

Summary

LESF Super is a public-offer fund established in 1989 as the Queensland Law Society Superannuation Scheme, offering a simple superannuation solution to its members across all industries. LESF Pension Plan requires a minimum initial investment of $20,000 to commence membership and a Transition to Retirement Pension is also available. The investment menu consists of two Diversified and a Single-Sector investment strategy. Past performance of the fund is not readily available and therefore cannot be accurately assessed against the relevant SuperRatings indices.Fees are lower than the industry average across all account balances assessed. Member can make investment switches at no cost.LESF Pension Plan offers members the choice of receiving their pension payments either monthly, quarterly or annually, with the payment date set by the fund. Beneficiary options are comprehensive, including binding and non-binding death benefit nominations, as well as reversionary pensions. Pension payments are drawn proportionately across the member’s investment options.LESF Super offers members educational materials and newsletters from its website. Members can view their account information, update their details, transact with the fund and produce a range of reports via a secure online portal.

Features and Fees

Smartsave Fees and Features

    Pros and Cons

    • 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

    LESF Super is a public-offer fund established in 1989 as the Queensland Law Society Superannuation Scheme, offering a simple superannuation solution to its members across all industries. LESF Pension Plan requires a minimum initial investment of $20,000 to commence membership and a Transition to Retirement Pension is also available. The investment menu consists of two Diversified and a Single-Sector investment strategy. Past performance of the fund is not readily available and therefore cannot be accurately assessed against the relevant SuperRatings indices.Fees are lower than the industry average across all account balances assessed. Member can make investment switches at no cost.LESF Pension Plan offers members the choice of receiving their pension payments either monthly, quarterly or annually, with the payment date set by the fund. Beneficiary options are comprehensive, including binding and non-binding death benefit nominations, as well as reversionary pensions. Pension payments are drawn proportionately across the member’s investment options.LESF Super offers members educational materials and newsletters from its website. Members can view their account information, update their details, transact with the fund and produce a range of reports via a secure online portal.

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    Smartsave 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
      CASH
      + View additional option performance information
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      Past 5-year return
      Admin fee
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      Calc fees on 50k
      Features
      SuperRatings awards
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