Suncorp is joining LGIAsuper

1 April 2022

From 1 April 2022, Suncorp super will be owned by LGIAsuper. Together, the combined superannuation group is stronger, larger, and able to do more for members.

Find out what to expect and how you could benefit from being part of a larger super group with greater scale and a sole focus on superannuation. Or view the ASX announcement.


 

 

 

Who is LGIAsuper?

LGIAsuper is a Queensland-based super fund that has been providing trusted and reliable investments, advice, and insurance to members throughout Australia for more than 56 years.

As a profit-for-members fund, LGIAsuper does not have shareholders, so can focus exclusively on protecting and growing retirement savings for members. This carries through to all aspects of the business and translates into putting members front and centre.

LGIAsuper is currently expanding, having merged with Energy Super last year, and now is excited to welcome Suncorp super members.

Kate Farrar, CEO of LGIAsuper, outlines potential benefits for Suncorp super members.
Visit lgiasuper.com.au to find out more.

 

Stronger, larger, better together

With the addition of Suncorp super members, the combined superannuation group manages around $31 billion on behalf of 250,000 members. Our increased size brings scale and greater certainty for members. It strengthens our service delivery teams, so we can enhance the support, education and advice teams. And it opens up the potential to improve our products and deliver more benefits to you.

At the same time, we’re not too big. We believe our size is ideal – enough scale to create efficiencies while remaining nimble enough to operate as a boutique provider that can still offer personalised services.


Do I need to do anything?

The changes to the fund from 1 April are primarily administrative in nature. You have the same product, the same access to it, largely the same processes, and the same people looking after your retirement savings. Now may be a good time for you to consider whether your superannuation arrangement is right for you.
We have written to you to let you know the changes that affect you now. If there are other changes in the future, we’ll keep you updated.
If you do not want your account to be included in the move to LGIAsuper, please complete a withdrawal form for your product. Before deciding to change your superannuation arrangements, you may wish to consider whether doing so would result in higher fees and costs, a loss of benefits (e.g. insurance cover), changes to your investment strategy or any adverse tax impacts. You may wish to speak to a financial adviser before making any changes.

 

One change to note – super@spsl.com.au

The change we want members to be most aware of is a new enquiries email address. From 1 April, please send your email queries to super@spsl.com.au. We’ll continue to receive emails sent to our current address for some time, but now is a good time to update your address book.
Our individual email addresses will also change on 1 April, so if you’re in direct contact with one of the team, make sure you use their new email address too.
There are no changes to our phone numbers and website address at this time.

 

FAQS

If you have a specific question about your account, please check the FAQs or contact us using the details below.

 

Need more information?

If you have any questions, just call our Customer Service team on 1800 191 517 or email super@spsl.com.au.

Stay up to date with our latest news