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LGS launches DIY investment option
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.
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