LGS launches DIY investment option

9 September 2014
| By Malavika Santhebennur |
image
image
expand image

Local Government Super has announced a do-it-yourself (DIY) investment option where members can build their own portfolios from the super fund's investment options.

Members can build their retirement investment in the form of shares from the ASX300, a range of exchange traded funds, and term deposits.

Accumulation scheme and account-based pension plan members with at least $10,000 in their accounts can invest in the DIY investment option.

"The rise of self-managed super funds (SMSF) has been a feature of the superannuation landscape for some years now, stemming from people's natural desire to have control of their own financial futures," LGS CEO Peter Lambert said.

"However the fact is that managing your own super fund is not easy. Even aside from investment choice, there are considerable administrative and compliance burdens to be navigated."

The DIY investment option comes with security, compliance and administrative services, along with the choice of an SMSF, Lambert said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

The RBA’s new monetary policy board has delivered its first rate decision....

15 hours ago

A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor....

18 hours ago

Qantas Super has officially merged with ART over the weekend, with its CEO describing the “bittersweet” decision as being in the best financial interests of its members....

18 hours ago

TOP PERFORMING FUNDS