Investment options

 

 

LUCRF Super is proud to have signed the United Nations Principles for Responsible Investing, joining other global investors with Funds Under Management (FUM) totalling over $US13 trillion.  We are publicly committed to the Principles promotion of more sustainable markets and long term investments using environmental, social and corporate governance (ESG) issues to improve investment practices.

LUCRF Super believes this will further align our investment activities with the broader interests of society and we encourage other investors to adopt the Principles.

For further information on the Principles, please go to www.unpri.org

We offer members a range of investment options to cater for their own particular preferences about return and risk.

The investment of your superannuation contributions is a very important factor in determining the benefit that will be available on your retirement.

The Trustee and staff of the Trustee are not currently licensed to give personal financial product advice to any of the members of the Fund, and our staff are not currently permitted, by law, to give advice or recommendations about which investment choice is suitable for you.

Before acting on the information relating to investments, you should consider which choice is right for you, having regard to your personal objectives, financial situation and needs.

Investment option	What does this option invest in?
Cash	Australian cash and short-term fixed interest debt securities
Property	A mix of listed and unlisted Australian property
Balanced	A balanced selection of shares, property and fixed interest investments.
Indexed Shares	Australian and International share investments.
Australian Shares	Australian shares.
International Shares	International shares

When am I allowed to make a change?

You can change your investment option at any time by completing the Application to Change Investment Option Form.

What will it cost to change my investment option?

There is no fee applied when you switch your investment options.

When will my change of investment option take effect and how are rates of return applied?

Member investment choice switches will apply with effect from the Monday after the receipt of an Application to Change Investment Option Form at a LUCRF Super office.  If the Monday is a Public holiday in Melbourne, then the switch will apply from the next working day.  LUCRF Super typically sets final weekly declared rates on each Thursday for the preceding Monday.

How are annual returns determined on my account at the end of financial year (EFY)?

Returns are calculated each week, based on the total investment earnings of each option. LUCRF Super typically sets final weekly declared rates on each Thursday for the preceding Monday.  LUCRF Super also sets the declared monthly rates by the fifth working day of the following month. These rates are used to calculate the declared rates that are credited to your LUCRF Super account at the end of financial year (30 June) based on your daily account balance during that year.

The declared rates for a particular year will depend on your investment option and the performance of investment markets over the course of that year and that you were invested in that option for the full twelve month period.

How are rates of return determined for payouts or rollovers during a year?

Rollover and Other Benefit Payments

Effective from 1st February 2008, where members request rollovers to other superannuation funds, full or partial benefit payments, Departing Australia Superannuation Payments (DASP), Death and Total & Permanent Disablement and Under $200 releases, they will receive the latest weekly declared rate (post date of receipt of the benefit payment request) and then the net cash rate to the date of payment.

Compassionate and Financial Hardship Payments

Effective from 1st February 2008, payments for Compassionate Grounds (APRA approved) or Severe Financial Hardship will receive the most recent declared rate and then the net cash rate until the date of payment.

Note: The net cash rate is the after-tax rate determined by LUCRF Super.

To learn more about our investment managers click here.

• Forms

• Industry Fund PDS

  This Product Disclosure Statement (PDS) and Supplementary PDS explains the main features of the Industry Fund as at 12th December 2007 and 28th February 2008. It contains a copy of the Membership Application Form.

  Download »  

• Application to Change Investment Choice Form

  This form should be completed if you would like to change your investment choice.

  Download »  
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