Significant event notices

LGIAsuper has a duty to let members know about any major (material) change to the fund through a significant event notice (SEN).

Material changes include any changes that may impact on your retirement savings, including (but not limited to):

  • increases to fees or charges
  • changes to insurance arrangements or benefits

Depending on the timing of the change and our members' communication preferences, a significant event notice may be communicated through our member newsletter, a letter or an email.

LGIAsuper’s recent significant event notices

Notice date Change Impact of the change Notice to members
8 November 2021 Removing our weekly administration fee of $1 per week ($52 per year) per account. On 30 September 2021, LGIAsuper completely removed its weekly administration fee of $1 per week ($52 per year) per account.
Notice advising members of changes to weekly administration fee.
1 July 2021 Changes to LGIAsuper’s MySuper investment option. On 1 July 2021, we made some changes to how we invest in our MySuper investment option. These changes only impact members who have an Accumulation account and are invested in the MySuper option. Notice advising members of changes to MySuper investment option.
21 May 2021 Important changes to LGIAsuper's superannuation accounts.  On 1 May 2021, we reduced most of our Indirect Cost Ratios. The table below shows the changes.

On 1 July 2021, we are reducing our administration fee cap,
introducing a tax rebate for insurance premiums and changing when we charge our flat administration fee.
Notice advising members of changes to superannuation accounts.
19 March 2021 Important changes to LGIAsuper’s superannuation accounts. On 1 May 2021, we are making some changes to our insurance and our MySuper Lifecycle investment option. Notice advising members of changes to superannuation accounts.
21 January 2021 Change of manager for our Socially Responsible Balanced option. During the week of 11 January 2021, the investment manager for our Socially Responsible (SR) Balanced option transferred from AMP Capital to Pendal Group. Notice advising members of a change in investment manager.
1 November 2020 Reducing our weekly administration fee and changes to our investment fees, investment program and insurance cover. From 1 November 2020, LGIAsuper is reducing our weekly administration fee.

We are changing our investment fees, and for some investment options, we are reducing them.
We are making changes to our investment program and insurance cover.

We are also reporting to you the higher indirect costs that have already been included in last financial year’s returns. 
Notice advising members of a reduction to our weekly administration fee and changes to our investment fees, investment program and insurance cover.
11 May 2020 Changes to minimum pension payment amount The Australian Government has temporarily reduced the minimum annual payment required for account-based pensions and similar products by 50%. This reduction will be for financial years 2019/20 and 2020/21. This is being done to assist retirees during the financial market volatility caused by COVID-19. Notice advising members of minimum pension payment amount changes
 19 Nov 2019 Changes to automatic insurance cover On 1 April 2020, new government legislation comes into effect to help protect members’ superannuation balances. These changes are known as Putting Members’ Interests First. They require all members with a balance of less than $6,000, and all new members who are under 25 years of age, to let us know if they would like to have insurance. Notice advising members of Putting Members' Interest First legislation
 22 May 2019 Changes to administration fees On 1 July 2019 LGIAsuper is introducing a flat administration fee of $1.50 per week charged to each of account.

To offset some of this new fee, the percentage-based administration fee is being lowered from 0.21% to 0.18% per annum.
Notice advising members on fee structure changes
 22 May 2019 Change to International shares portfolio investment approach LGIAsuper is changing the structure of its International shares portfolio by adopting a more active management approach.

From 1 July 2019 the investment fee for investment options with exposure to the portfolio may increase.
Notice advising members on fee structure changes
 22 May 2019 Change to insurance service and treatment From 28 June 2019 any rebate in relation to tax deductions associated with insurance premiums will be pooled to a general reserve.

This reserve will be owned by all members to fund insurance and other associated operations.
Notice advising members on fee structure changes
7 November 2018 LGIAsuper will send all communications via digital channels From 19 January 2019 LGIAsuper will send all communication to their members via digital channels, where possible.

This includes important notifications, links to a member’s annual statement and other information about LGIAsuper and the member’s account.
Notice advising members of switch to digital communication

Frequently Asked Questions for members
13 Sep 2016 Proposed legislative changes to LGIAsuper's membership rules In July 2016 the Queensland Government announced legislative changes that, once passed, will allow LGIAsuper to welcome new members outside of Queensland local government.

Queensland local government employees will be offered Choice of Fund while LGIAsuper will remain the default super fund for Queensland local government.

The change will not impact the fees members pay, how their super is invested or LGIAsuper's structure.
Letter to members announcing the legislative changes

You're welcome to grow with us brochure

LGIAsuper's solutions brochure - Trusted advice, investment and insurance
18 Dec 2015 New name for the fund From 8 February 2016, LGIAsuper will become Local Government Investment Australia (LGIAsuper). There will be no changes to the fund's services, members' contributions and fees, or the management of members' super investments.  Notice to members announcing the rebrand
15 May 2015 Changes to insurance arrangements From 1 July 2015, LGIAsuper's insurance will change. Premiums will increase, a new TPD definition will apply, and changes to some of the terms and conditions will also take effect.

At the same time, members of the Defined Benefits Fund (excludes former City Super Defined Benefit account members) will experience a change to the way the Minimum Requisite Benefit and Contributions plus earnings calculations will be adjusted.

Members aged under 60 with an Accumulation account

Members aged 60 and over with an Accumulation account

Members with a Defined Benefit account (former City Super members)

Defined Benefits Fund members without additional cover

Defined Benefits Fund members with additional cover

5 Mar 2015 Withdrawal of failure of health benefit from product offering following Australian Prudential Authority (APRA) review. From 8 January 2015 all permanently employed local government employees under age 55 can no longer claim the failure of health benefit as a lump sum payment of their super if they are permanently incapacitated through injury or illness and unable to continue working for their local government employer. Failure of health benefit no longer available
5 Nov 2013 Launch of LGIAsuper's new default investment option, MySuper Lifecycle Members who had never made a choice about how their money was invested or had made an investment choice to have 100% of their money in the default option had their account balance and/or future contributions transferred to the MySuper Lifecycle option (unless they opted out). Members with no change to their investment strategy or fees

Members with a change in their investment strategy or fees
CTA Block Small Image

Focused on your future

Led by our Board and Executive Team, we are committed to helping you generate more money for your retirement. We do this by focusing on good governance, strong operations and clear accountability.

Meet the team
financial advice

Get financial advice

Let our expert financial advisers help you create a plan for the future.

council surveyor

Find lost super

There’s lots of unclaimed super floating around and some of it could be yours.

insurance calculator

Resources at the ready

Our range of calculators, forms and information make it simple to manage your super.