Investment options

 

 

LUCRF Super is proud to have signed the United Nations Principles for Responsible Investment, joining other global investors. 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	Bank deposits and securities
Property	Listed property trusts, passively managed
Balanced	A balanced selection of shares, property and fixed interest investments
Indexed Shares	Australian and International share investments
Australian Shares	Australian shares, actively managed
International Shares	International shares, actively managed

When am I allowed to make a change?

You can change your investment option at any time by completing the Member Investment Choice 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 switches for existing balances and future contributions received on our Member Investment Choice Form take effect as follows:

Existing Balances
For an existing balance, a change is effective the day after the valuation of assets, for those request forms received by 5pm EST on the day of valuation. Assets are typically valued on a Monday (see below).

Future Contributions
For future contributions, a change is effective the day after a request for investment change is received.

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

At the end of each financial year, we calculate the final returns on investments for our members. This percentage (positive if your option has made money, negative if it has not) is then applied to your balance and adjusted accordingly.

This process takes a couple of months after 30 June and once finalised, we send you a statement outlining how your account balance has performed over the course of the year (or since you joined if you are a relatively new member).

Calculating investment returns

1. LUCRF values assets weekly and uses weekly rates to allocate net investment earnings to members.
2. Valuations typically occur each Monday during the month and at month end.
3. Valuations may not occur on a Monday for the following reasons:
 a. When the first Monday of the month is within the first three business days of the month, the valuation is typically deferred to the following Monday.
 b. When the last Monday of the month is within the last three business days of the month, the valuation is typically deferred to month end.
 c. Where Monday is a public holiday, investments will be valued on the next business day.
4. The valuation process uses the closing prices in the Australian and overseas markets in which we have investments. Unlisted investments and real estate assets are valued less frequently. We use the most recent valuation available.
5. These rates allocate net investment earnings to members based on daily account balances. Investment returns are applied to members’ accounts:
 • When a benefit is paid,
 • When an accumulation balance is transferred to a pension account,
 • When a change to investment options is processed, and
 • Effective 30 June each year.
6. Financial year to date and historical rates are shown on this website.

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

Rollover and Other Benefit Payments

Where members request rollovers to other superannuation funds, full or partial benefit payments, Departing Australia Superannuation Payments (DASP), Death and Total & Permanent Disablement payments, they will receive the latest rates (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 and Under $200 Releases

These payments will receive the most recent rate and then the net cash rate to 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

• Member Investment Choice Form

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

  Download »  

• Member Investment Choice Form - Personal Plan

  This form should be completed if you are a Personal Plan member and would like to make or change your investment choice.

  Download »  
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• Member Guides

• LUCRF Super Member Guide

  Your complete guide to superannuation and what LUCRF Super offers you. Serves as the Fund's combined Product Disclsoure Statement (PDS) & Financial Services Guide (FSG) and contains a Membership Application form. Issued 1 September, 2009.

  Download »