LUCRF Super Performance: Returns to June 30 2021
| Investment Option | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| Conservative | 9.76% | 5.3% | 5.36% |
| Median | 7.90% | 4.60% | 4.80% |
| Conservative VS Median | 1.86% | 0.70% | 0.56% |
| MySuper Balanced (Default) | 18.66% | 7.64% | 8.44% |
| Median | 17.60% | 8.0% | 8.8% |
| MySuper Balanced (Default) VS Median | 1.06% | -0.36% | -0.36% |
| - | - | - | - |
| Median | - | - | - |
| VS Median | - | - | - |
| High Growth | 23.29% | 9.87% | 10.65% |
| Median | 22.40% | 9.20% | 10.40% |
| High Growth VS Median | 0.89% | 0.67% | 0.25% |
LUCRF Super Fees
| Investment Option | Flat Fee | Percentage Based Fee | Fee Based on 50k |
|---|---|---|---|
| Conservative | 78 | 0.54% | $348.00 |
| MySuper Balanced (Default) | 78 | 0.73% | $443.00 |
| LUCRF Super | - | - | - |
| High Growth | 78 | 0.75% | $453.00 |
Asset Allocation
| Rank | Asset | % |
|---|
| Rank | Asset | % |
|---|
| Rank | Asset | % |
|---|
Insurance Rating
0
/100
OmniLife
Fund Information
ABN: 26 382 680 883
USI: LUC0001AU
Address: PO Box 211 North Melbourne VIC 3051
About LUCRF Super
Founded in 1978, LUCRF Super is an Industry super fund that is not linked to a specific industry.
LUCRF Super has over 126,000 members with $6.5 Billion in assets under management.
LUCRF Super’s MySuper Balanced (Default) investment option performance over 5 years was below the median fund and the fees are above the median for funds on Review My Super for a balanced/My super risk profile.
LUCRF Super offers life, TPD and income protection insurance. You can see their overall insurance rating to the left.
LUCRF Super offers life, TPD and income protection insurance. You can see their overall insurance rating to the left.
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 LUCRF 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
LUCRF’s My Super option was one of the funds that failed the governments recent performance test in August this year. One of thirteen funds to be singled out, out of 80 funds tested.
Based on this, you could not call the fund a good super fund.
However, it should be noted that LUCRF’s high growth and conservative options outperformed the median over 1, 3 and 5 years.
LUCRF stands for, Labour Union Co-Operative Retirement Fund.
Yes, LUCRF Super is an APRA fund.
No, LUCRF Super is not a self-managed super fund. It is regulated by APRA.
Yes, LUCRF Super is an industry fund.
LUCRF Super is a not-for-profit fund with an industry membership base.
Yes, anyone can join LUCRF Super.
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