LGIAsuper | Performance, features and fees

LGIAsuper's default MySuper Lifecycle option invests your super in line with your age.

LGIAsuper is a Queensland based, member-first super fund open for all Australians. It offers 13 different investment options to choose from, with low fees and strong past performance returns.

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Alison Banney

Last Updated Aug 24, 2020

15.33%

Past performance - 1 year

8.43%

Past performance - 5 Years

$522.06

Annual fees on $50k balance

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Product Name	LGIAsuper MySuper
Past performance - 5 Years	8.43%
Annual admin fee	$61.18 + 0.21% of balance p.a.
Insurance included	Death,TPD,Income Protection
Number of members	76,000

Product Name	LGIAsuper - Socially Responsible Balanced
Past performance - 5 Years	7.76%
Annual admin fee	$78 + 0.18% of balance p.a.
Number of members	76,000

Performance figures quoted on this page are correct to June 2021, according to Chant West. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.

Alison Banney

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Alison Banney is the banking and investments editor at Finder. She has written about finance for over 8 years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.

What are the key features of LGIAsuper?

Low-cost, no-frills MySuper investment option available. The Lifecycle investment options (the default MySuper option) are automatically adjusted according to your age, offering a great set-and-forget super option that's completely managed on your behalf.
Seven pre-made investment options available. You can choose between seven ready-made investment options according to the level of risk you want to take.
Two ethical, socially responsible investment options available. Some super funds don't offer any socially responsible investment options, but LGIAsuper offers two different pre-mixed ethical investment options based on the level of risk you want to take.
Default insurance cover included. You'll receive automatic Death and TPD insurance cover, and you can also choose to opt into Income Protection cover if needed.

Investment options offered by LGIAsuper

Members can choose from the MySuper Lifecycle option or between a range of seven pre-made investment options. If you opt for the MySuper Lifecycle option, the investment experts at LGIAsuper will invest in asset classes according to your age, with a higher allocation in high-risk assets like shares while you’re young, and increasing your allocation in cash as you get older to protect your balance.

The ready-made investment options allow you to choose an investment strategy that’s in line with your appetite for risk, while the socially responsible options allow you to invest in line with your personal values. If you’d like to be a bit more hands-on with how your super is invested, you can also invest in up to five individual asset classes.

If you don’t select an investment option, you’ll be placed in the default MySuper Lifecycle investment option.

Investment option	Risk level	Asset allocation target ranges	Past 5-year average performance*
MySuper Lifecycle Under 75	High	Australian shares: 4-24% International shares: 23-43% Property: 5-25% Infrastructure: 0-20% Alternatives: 8-28% Diversified fixed interest: 0-20% Cash: 0-5%	8.43% p.a.
MySuper Lifecycle 75 plus	High	Australian shares: 0-19% International shares: 11-31% Property: 5-25% Infrastructure: 0-20% Alternatives: 2.5-22.5% Diversified fixed interest: 22.5-42.5% Cash: 0-5%	7.08% p.a.

*Asset allocation and past performance figures correct as of 30.06.2018. Past performance is not an indicator of future performance.

You can choose between seven ready-made investment options based on your appetite for risk.

Investment option	Risk level	Asset allocation target ranges	Past 5-year average performance*
Aggressive	High	Australian shares: 9-29% International shares: 34-54% Property: 5-25% Infrastructure: 0-20% Alternatives: 2-22% Diversified fixed interest: 0% Cash: 0-5%	10.17% p.a.
Diversified Growth	High	Australian shares: 4-24% International shares: 23-43% Property: 5-25% Infrastructure: 0-20% Alternatives: 8-28% Diversified fixed interest: 0-20% Cash: 0-5%	8.61% p.a.
Balanced	High	Australian shares: 0-19% International shares: 11-31% Property: 5-25% Infrastructure: 0-20% Alternatives: 2.5-22.5% Diversified fixed interest: 22.5-44.5% Cash: 0-5%	7.07% p.a.
Stable	Medium to high	Australian shares: 0-15% International shares: 1-21% Property: 5-25% Infrastructure: 0-15% Alternatives: 0-18% Diversified fixed interest: 26-46% Cash: 10-30%	5.31% p.a.
Defensive	Low to medium	Australian shares: 0-12.5% International shares: 0-15.5% Property: 0-17.5% Infrastructure: 0-15% Alternatives: 0-14.5% Diversified fixed interest: 35-55% Cash: 20-40%	3.99% p.a.
Socially Responsible Balanced	High	Australian shares: 20-40% International shares: 15-35% Property: 0-20% Infrastructure: 0-7% Alternatives: 0-6% Diversified fixed interest: 0-45% Cash: 0-20%	7.18% p.a.
Socially Responsible Australian Shares	Very high	Australian shares: 100%	9.44% p.a.

*Asset allocation and past performance figures correct as of 30.06.2018. Past performance is not an indicator of future performance.

If you’d like full control over where your super is invested, you can mix and match between the following single asset classes. You can choose what percentage of your super is invested in each asset class, depending on your investment strategy and appetite for risk.
- International shares
- Australian shares
- Property
- Diversified fixed interest
- Cash

What are the fees?

The following example shows the fees applied on a balance of $50,000 invested in the Lifecycle Under 75 option (this is the default MySuper option).

Example fees for MySuper Lifecycle Under 75 investment option (default option)

On a super balance of $50,000 you'd have the following fees:

Admin fee: 0.21%
Indirect Cost Ratio including investment fees:
Annual cost on $50,000 balance: $522.06

The fees vary slightly between each different investment option. Click below to see the estimated annual admin fee, investment fee and indirect cost ratio for each MySuper Lifecycle and ready-made investment option. These fees are represented as an annual percentage of your balance*.

Investment option	Admin fee (% p.a.)	Investment fee (% p.a.)	Indirect cost ratio (ICR) (% p.a.)
MySuper Lifecycle Under 75	0.21	0.45	0.41
MySuper Lifestyle 75 plus	0.21	0.39	0.36
Aggressive	0.21	0.47	0.36
Diversified Growth	0.21	0.45	0.41
Balanced	0.21	0.39	0.36
Stable	0.21	0.30	0.28
Defensive	0.21	0.23	0.18
Socially Responsible Balanced	0.21	0.90	0.47
Socially Responsible Australian Shares	0.21	0.43	0.58

*Fee figures are estimates only and correct as of January 2019.

What insurance is offered through LGIAsuper?

Members receive the following default insurance with LGIAsuper:

Death and terminal illness. If you’ve got an existing medical condition you may not be eligible for this cover.
Total Permanent Disability (TPD). If you’ve got an existing medical condition you may not be eligible for this cover.
Income protection. If you’re a permanent employee you may be eligible for this cover.

You can choose to increase your level of cover for the above insurances when opening your account.

How to join LGIAsuper

Your personal details, including your name, address, date of birth and contact information
Your Tax File Number (you do not have to supply this, but if you don’t your fund won’t be able to accept certain types of contributions from you, and your benefit payments may be taxed at a higher rate.)
Details of your current superannuation fund (if you wish to rollover your balance into your new fund after you've become a member)

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LGIAsuper | Performance, features and fees