Significant event notices

On 31 March 2022, we made some changes to the investment fees and indirect cost ratios for our investment options.

In June 2022, LGIAsuper will have access to a new Indexed Balanced option and a new Socially Responsible option, established by Energy Super.

LGIAsuper’s Socially Responsible Balanced option will close on 11 June 2022, and any members invested in this option will be automatically transferred to the new Socially Responsible option.

Pension: Notice advising members of changes to superannuation products

Accumulation, TTR and DB: Notice advising members of changes to superannuation products

On 20 December 2021, we made some changes to the indirect cost ratios to our investment options.

On 20 December 2021, we also improved our reversionary beneficiary nomination process for LGIAsuper pension accounts.

Notice advising members of changes to superannuation accounts

On 1 February 2022, LGIAsuper is making two changes to the tax refund that you receive for your administration fee and insurance premium.

Notice advising members of changes to tax refunds on administration fees and insurance premiums

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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