Understanding earnings and returns
An earning rate is the net investment return that applies to your account, after fees and tax. It can be positive or negative. You may also hear this referred to as the performance of your investment.
LGIAsuper publishes a daily indication of performance of each of LGIAsuper’s investment options - a daily movement percentage and a year to date performance percentage. This reflects the performance of the actual underlying investments from 2 business days earlier. If you make withdrawals or switch investment options during the month we use this rate in our calculation of your current balance.
After the end of each financial year, the LGIAsuper Board of Directors announce an annual earning rate for each investment option. This is based on the investment return achieved on the underlying assets for that option for the year.
During periods of significant market volatility, or other conditions which prevent LGIAsuper from determining daily and/or weekly rates, processing of claims and/or switches may be suspended for up to 7 days or longer, as dictated by market conditions.