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Local Government Super Personal Division

Past 5-year return
7.40%
Admin fee
$71
Calculated Fees on 50k
$711
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Strong commitment to sustainable investing
Attractive insurance offering with competitive rates for automatic insurance
Member benefit program which provides benefits and discounts for travel accommodation, phone and rental cars etc.
Significant member education (free seminars, printed newsletters, e-Newsletters, member communications, fact sheets, website etc)
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 Accumulation Scheme is one of multiple divisions offered by the fund, which includes Defined Benefit and Pension schemes. 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 are higher than the industry average across all assessed account balances. Switching fees apply for product and investment switching, while an exit fee is charged for partial and full withdrawals. LGS provides members with a full suite of insurance cover, including Death Only, Death & TPD and Income Protection (IP), with Basic Death and/or TPD cover automatically provided to eligible members. Members can also apply for an unlimited amount of Death Only cover and up to $3 million of Death & TPD insurance. IP is available over a 2 year or to age 65 benefit period with a choice of 30, 60 or 90 day waiting periods, covering up to 85% of salary or a maximum monthly benefit payment of $25,000.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
Investment option performance
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