Fund Profile
About LESF
The Law Employees Superannuation Fund (LESF) (ABN 13 704 288 646) is a superannuation fund originally sponsored by the Queensland Law Society for employees in the Legal Services Industry. Membership is open to anyone who works for a participating employer who contributes to LESF.
The Trustee of LESF is LESF Pty Ltd A.C.N. 059 795 998 (ABN 56 059 795 998). The Trustee is responsible for operating the Fund, and for ensuring that the Fund meets all current laws that apply to superannuation funds and that it operates in the best interests of all members.
The Queensland Law Society on behalf of all contributing employers nominates employer Directors of the Trustee. Member Directors are nominated and elected by members of the Fund. The Board of Directors consists of equal numbers of member and employer representatives.
The Directors' role is to ensure LESF is run according to its Trust Deed and Rules with responsibility to act in the best interests of all of its members. It is their responsibility that the money in LESF is invested well, that your benefits are paid correctly, and that you are kept informed about your benefits.
The Trustee of LESF is LESF Pty Ltd A.C.N. 059 795 998 (ABN 56 059 795 998). The Trustee is responsible for operating the Fund, and for ensuring that the Fund meets all current laws that apply to superannuation funds and that it operates in the best interests of all members.
The Queensland Law Society on behalf of all contributing employers nominates employer Directors of the Trustee. Member Directors are nominated and elected by members of the Fund. The Board of Directors consists of equal numbers of member and employer representatives.
The Directors' role is to ensure LESF is run according to its Trust Deed and Rules with responsibility to act in the best interests of all of its members. It is their responsibility that the money in LESF is invested well, that your benefits are paid correctly, and that you are kept informed about your benefits.
Earning Rates
LESF Average Earning rates over the last five years for the Balanced Option
Year to 30 June
Earning rate applied to
members accounts %
members accounts %
Inflation (as measured
by CPI) %
by CPI) %
Growth in excess of
CPI %
CPI %
2009
-10.36
1.46
-11.82
2008
-7.50
4.51
-12.01
2007
15.10
2.07
13.03
2006
14.20
3.98
10.22
2005
14.00
2.49
11.51
Five-year compound
average annual return
average annual return
4.44
2.89
1.55
LESF EARNING RATES 2008/2009
Equities
- 17.94%
Balanced
- 10.36%
Cash
4.89%
The Trustee
The Trustee of LESF is LESF Pty Ltd A.C.N. 059 795 998. The Directors of the Trustee Board are appointed in equal proportions by:
- Nomination by the Queensland Law Society (Employer Directors); and
- Nomination by members of the Fund (Member Directors).
Director
Representing
Appointed
Mr Peter Short
Employer Director &
Chairman of Directors
Chairman of Directors
23rd December 1998
Mr Glenn Ferguson
Employer Director
11th April 2005
Ms Jennifer Waldon
Member Director
21st March 2003
Ms Linda Mulgrew
Member Director
21st March 2003
The Trustee has taken out Trustee Liability Insurance with Chubb Insurance Company of Australia Limited. This has been arranged to indemnify the Trustee against claims, made against it as Trustee of LESF, which cannot be met from Fund assets and are not required to be paid by another party under law.
LESF is administered by
Australian Administration
Services (AAS). AAS is an
authorised representative
of Pacific Custodians Pty
Limited, which holds AFSL
number 295142. AAS is
authorised to give general
financial advice on
superannuation products.
- Fund Profile :
(as at 30 June 2009) - Fund Assets :
$62 million - Members :
Over 4500
