Local Government Super (LGS) is celebrating 20 years of looking after the retirement savings of current and former local government employees across NSW. In that time, LGS has grown into one of Australia’s leading super funds for responsible and sustainable investment, great value for money, and outstanding personal and local service.
The 20-year anniversary comes shortly after LGS’ recent announcement that it has reached $10 billion in funds under management (FUM), up from $5 billion in just over seven years.
LGS Acting Chief Executive Officer, Donna Heffernan, said; “we are immensely proud of our first 20 years and there have been many highlights, including numerous industry awards, but the key to our success has been the focus on the needs of our members; the people who do such a great job serving our local communities.
“LGS was originally established as an industry fund to manage super for local government. Fast forward 20 years, and today LGS is a market leader in responsible and sustainable investment. We deliver tailored solutions and outstanding value to our members, and now anyone in the community can join and benefit from being a member of LGS.
“Our unwavering commitment to long-term growth sectors such as renewable energy generation, recycling and sustainable agriculture, together with competitive fees and a strong focus on local, personal service, has proved increasingly popular as Australians become more discerning when choosing a super fund to manage their retirement savings.”
LGS has been widely recognised for its leadership in responsible and sustainable investment practices and performance by a number of independent sources. Already this year, LGS has been awarded the top ranking in Australia and globally by the Asset Owners Disclosure Project (AODP), which annually ranks 500 of the world’s biggest investors based on how they manage the risks and opportunities associated with climate change.
Other recent accolades include:
- Best Green Super Fund 2017 (Money magazine Best of the Best Awards)
- Best Public Sector Fund 2016 (Super Review’s Super Fund of the Year Awards)
- Canstar Five-star rating 2017 for LGS Account-Based Pension Plan
LGS was also one of the first to be certified by the RIAA (Responsible Investment Association Australasia) as a responsible super fund.