LGIA Super Review

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LGIA Super Performance: Returns to June 30 2021

Investment Option 1 Year 3 Year 5 Year
Stable 6.84% 4.64% 4.77%
Median 7.90% 4.60% 4.80%
Stable VS Median -1.06% 0.04% -0.03%
MySuper 15.12% 7.22% 8.22%
Median 13.00% 6.20% 6.70%
MySuper VS Median 2.12% 1.02% 1.52%
Diversified Growth 15.40% 7.44% 8.36%
Median 18.00% 7.90% 8.80%
Diversified Growth VS Median -2.60% -0.46% -0.44%
Aggressive 19.15% 8.70% 10.03%
Median 22.40% 9.20% 10.40%
Aggressive VS Median -3.25% -0.50% -0.37%

LGIA Super Fees

Investment Option Flat Fee Percentage Based Fee Fee Based on 50k
Stable 52 0.67% $387.00
MySuper 52 0.89% $497.00
Diversified Growth 52 0.89% $497.00
Aggressive 52 0.88% $492.00

Asset Allocation

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Insurance Rating

0 /100
OmniLife

Fund Information

ABN: 23 053 121 564

USI: QLG0001AU

Address: GPO Box 264, Brisbane QLD 4001

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About LGIA Super

Founded in 1965, LGIAsuper is a is a profit-for-members fund based in Queensland.
As of 30 June 2020 LGIAsuper have over 74,000 members with over $12.8 Billion in assets under management.
LGIAsuper’s MySuper investment option investment option has out performed the industry median benchmark over 5 years and the fees are close to the median for funds on Review My Super for a balanced/MySuper risk profile.
LGIAsuper offers life, TPD and income protection insurance.
Omnilife have given LGIA Super an overall insurance rating of 60/100. However, ratings vary depending on the individual insured’s circumstances.

When Reviewing Super funds it’s a good idea to learn more about choosing a super fund. Consider the following:

Firstly, are you invested in the right risk profile? This is essentially the amount of risk you’re willing to take to achieve your desired investment return. High Growth investments will achieve the highest returns over the long run, and also carry the highest risk of loss in any one year. 

Secondly, what to do about the insurance in your super? Most funds will come with a default amount of insurance cover for instance. For some people this will be very insufficient and for others it will be too much, for example. Therefore, tailoring your cover to your own circumstances is key.

Thirdly, what are the different ways you can contribute to super? Understanding contributions like salary sacrifice and the government co-contribution can help you make the most of your super.

Fourthly, and most importantly, make sure you review LGIA Super against other super funds under the ‘Fund Profiles’ tab and check out the top super funds, to see who the leaders are.

In addition, If you would like to speak to someone for some guidance when reviewing your super, then please fill in the ‘Speak To An Advisor’ form above and an advisor will be in touch to see how they can assist you.

In conclusion, understanding the key elements of super, conducting the appropriate research and seeking the best advice will help with choosing the best fund.

Frequently Asked Questions

LGIA Super’s MySuper option has out performed the median over 1, 3 and 5 years. However, it’s Growth option has under performed over 1, 3 and 5 years and the conservative option under performed over 1 and 5 years.
Fees are close to the median of funds listed on Review My Super.
Based on this evidence, it would be difficult to declare LGIA a good super fund.

Yes, LGIA Super is an APRA fund.

No, LGIA Super is not a self-managed super fund. It is regulated by APRA.

No, LGIA Super is a public sector fund.

LGIA Super is a not-for-profit fund with a public membership base.

Yes, anyone can join LGIA Super.

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good service