Flight path to success for leading super fund
LGIAsuper buys into airport
A SUPER fund which has invested in the region by becoming part owner of the Sunshine Coast Airport has been rated as one of Australia’s best in terms of value of quality.
LGIAsuper, which has more than 4300 members on the Coast, has achieved a platinum rating from Super Ratings for the 11th consecutive year.
It comes after a rigorous review of funds across Australia, including more than 620 of Australia’s major superannuation products.
The super fund’s MySuper was also placed in the top quartile this financial year based on a monthly crediting rate survey, and was awarded “five apples” by research firm Chant West, making LGIAsuper a ‘Highest Quality Fund’ for 2019.
LGIAsuper CEO Kate Farrar said the fund’s focus on long-term performance and its member-driven approach were instrumental to the fund’s success and key reasons for its Super Ratings Platinum status and Chant West ranking.
“Managing people’s future security is a responsibility we take very seriously,” she said.
“When people choose LGIAsuper they are putting their trust in our investment philosophy.
“LGIAsuper invests in a range of businesses and public infrastructure, as well as liquid assets like shares, to produce consistent returns that are less vulnerable to politics and policy change.
“We look to public assets and property, like the Sunshine Coast Airport and Fitzroy River Macadamia Farm, to ensure that our investments are spread across different sectors and benefit the whole community.
“These are assets Queenslanders understand and trust.
WE LOOK TO PUBLIC ASSETS AND PROPERTY, LIKE THE SUNSHINE COAST AIRPORT AND FITZROY RIVER MACADAMIA FARM, TO ENSURE THAT OUR INVESTMENTS ARE SPREAD ACROSS DIFFERENT SECTORS.
LGIASUPER CEO KATE FARRAR
By helping to build their own worth, they are also helping to build our great state,” she said.
“Conversely, we also recognise the importance of giving our members access to global markets with a number of significant investments overseas.”
Members received more than 9.4 per cent growth in LGIAsuper’s Diversified Growth option and more than 7.5 per cent from its Balanced option in the past financial year.