Monthly economic e-news – September 2020
10 September 2020
By Craig Turnbull Chief Investment Officer
Latest news and media releases
LGS welcomes media enquiries and coverage in relation to our products, services, campaigns and superannuation in general.
Media enquiries
Please direct all media enquiries and requests to Katy Lithgow at BlueChip Communication on 02 9018 8603 or email katy@bluechipcommunication.com.au.
For general LGS enquiries, please use the Contact Us page.
Read: All items | Media releases | News items
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2020
LGS achieves standout scores in 2020 UNPRI Assessment Report
20 August 2020
LGS has released its latest United Nations Principles for Responsible Investment (UNPRI) assessment report with 11 categories across its portfolio scoring in the A+ performance band (the highest possible rating).
Local Government Super certified carbon neutral through Climate Active
9 July 2020
LGS has been certified carbon neutral through Climate Active. It is one of only five Australian super funds to actively hold this certification.
Annual Members' Meeting
4 March 2020
The 2020 Annual Members' Meeting, was held on Wednesday, 4 March 2020. The meeting was an opportunity to meet the Board and Executives to hear the vision for the Fund and provide a recap on the past year.
Message from Phil Stockwell, Chief Executive Officer
17 February 2020
Let us know if we can help.
Local Government Super appoints third Independent Director
13 January 2020
LGS has announced the appointment of Claudia Bels to the LGS board, effective today. Ms Bels is the third independent non-executive director to join as part of recent changes to broaden the diversity, and strengthen specific skills on the LGS Board.
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2019
Local Government Super continues partnership with J.P. Morgan
16 December 2019
LGS today announced that following a formal open-market tender process, it has signed a five-year contract extension with J.P. Morgan to continue to provide custody services.
Local Government Super appoints Chief Executive Officer
25 November 2019
The LGS Board today announced the appointment of Phil Stockwell as Chief Executive Officer.
Local Government Super appoints Independent Chair and Independent Director
28 October 2019
LGS today announced the appointment of its first independent Chair, Kyle Loades, and independent Director, Sandi Orleow to the Board.
Local Government Super identified as global leader in ESG investment
11 September 2019
LGS today announced that it has been identified by the world’s leading independent proponent of responsible investment, the United Nations Principles for Responsible Investment (UNPRI), as being in the top 10% of responsible asset owners worldwide. As a result, LGS has been included in the UNPRI Leaders’ Group which was recently announced at the UNPRI conference in Paris.
LGS reaches new milestone of $12 billion in funds under management
15 July 2019
LGS today announced that its total funds under management (FUM) has reached $12 billion. This milestone demonstrates Australia’s growing appetite for genuine long-term responsible investment and reflects LGS’ ongoing commitment to achieving long-term sustainable returns for our members.
LGS to appoint independent Chair and two independent Directors
21 June 2019
LGS has amended its constitution to allow for the appointment of new independent directors that will strengthen the skills and capabilities of its board.
LGS achieves Australia’s first carbon neutral property portfolio certification
28 May 2019
LGS has achieved carbon neutral certification by the Australian Government for all NABERS rated buildings in its direct property portfolio.
Investment update
May 2019
Find out more about some of the investments in our portfolio.
Investment update
February 2019
Find out more about some of the investments in our portfolio.
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2018
LGS names two senior appointments to drive the Fund’s growth
5 December 2018
LGS has appointed Daniel Musson as Chief of People and Transformation, and Brett Dolling as Chief Experience Officer. Reporting directly to the Chief Executive Officer (CEO) David Smith, Mr. Musson and Mr. Dolling will play key roles in the implementation of LGS’ long-term growth strategy.
Message from the Chair of Local Government Super
12 November 2018
Appointment of an independent director to the Board of Local Government Super
LGS adds to responsible investment credentials with highest GRESB score to date
15 October 2018
LGS has further cemented its position as a leader in responsible investment, receiving a 5-star rating and an overall score of 85/100 from the Global Real Estate Sustainability Benchmark (GRESB) assessment. LGS ranked above the peer average of 81/100 and the global average of 68/100.
LGS is the sole Australian signatory on the Green Bond Pledge
18 September 2018
LGS is a founding signatory to the Green Bond Pledge which launched last week. The Green Bond Pledge is an international declaration that all bonds financing long-term infrastructure and capital projects need to address environmental impacts and climate risk.
LGS awards $440 million ESG investment mandate to PIMCO
29 August 2018
LGS awarded a new fixed-income ESG mandate to investment manager, PIMCO. Under the mandate, PIMCO will manage approximately AUD$440 million across global credit and government bonds.
LGS appoints new Director to Board
19 June 2018
LGS has appointed Gregory (Greg) McLean as a Director on its board, replacing Jim Montague, effective 6 June 2018.
LGS appoints new Director to Board
22 May 2018
LGS has appointed Karen McKeown as a Director on its board, replacing Lindsay Brown, effective 10 April 2018.
LGS commits to new Insurance Superannuation Voluntary Code Of Practice (Code)
28 March 2018
LGS is signing up to an industry wide insurance code of practice that commences from 1 July 2018.
Local Government Super on the rise of responsible investing
15 March 2018
Our Head of Sustainability, Bill Hartnett, talks to Canstar about the increasing consumer demand for responsible investments and how climate change could impact investors.
Read the article at canstar.com.au
Local Government Super reaches milestone of $11 billion in funds under management
7 March 2018
LGS today announced that its total funds under management (FUM) has reached $11 billion. This significant milestone comes just 11 months after LGS’ FUM reached $10 billion in April 2017, and demonstrates Australia’s growing appetite for genuine long-term sustainable investment.
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2017
Local Government Super achieves Australian first with 5-Star Green Star Performance portfolio rating
18 December 2017
LGS has been awarded a 5-Star Green Star rating for its direct property portfolio; the first portfolio to achieve the rating in Australia.
Local Government Super named Australia’s Best Green Super Fund again
30 November 2017
LGS has been named Australia’s Best Green Super Fund for the sixth time at this year’s Money magazine ‘Best of the Best’ awards.
New fee disclosure requirements
03 October 2017
Under new federal government regulations, all super funds in Australia, including Local Government Super (LGS), are required to disclose the details of all costs associated with the investments they make on behalf of their members.
Local Government Super appoints new Chair and new Director
22 September 2017
LGS has appointed Bruce Miller as Chair of the Board and Lindsay Brown as a new Director representing Local Government NSW.
Local Government Super Board appoints Chief Executive Officer
5 September 2017
The Local Government Super Board (LGS or The Fund) today announced the appointment of David Smith as the new Chief Executive Officer for the superannuation fund.
Local Government Super turns twenty
10 July 2017
Local Government Super (LGS) is celebrating twenty years of looking after the retirement savings of current and former local government employees right across New South Wales.
Local Government Super appoints first female Chair
3 July 2017
LGS has appointed Katherine O’Regan as its first female Chair to the Board.
Local Government Super awarded Canstar 5-Star Rating
15 May 2017
LGS has been awarded a Canstar 5-Star Rating for its Account-Based Pension Plan for the fourth time in a row.
Local Government Super ranks number one for green investment globally
1 May 2017
LGS has achieved the number one ranking in the global Asset Owners Disclosure Project (AODP) for the third time since 2012.
Local Government Super announces $10 billion in funds under management
19 April 2017
LGS has announced that its funds under management (FUM) has reached $10 billion, having doubled its total FUM in just over seven years.
Local Government Super reinstates investment restriction on nuclear energy and uranium industries
11 April 2017
LGS has strengthened its commitment to responsible and sustainable investing by reinstating its investment restriction on nuclear energy and uranium industries.
CEO Peter Lambert to leave Local Government Super
31 March 2017
Peter Lambert, CEO of LGS has resigned after 10 years in the role.
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2016
Local Government Super named Best Green Super Fund for the fifth time
1 December 2016
Local Government Super (LGS) has been named Australia’s Best Green Super Fund for the fifth time at this year's Money magazine 'Best of the Best' awards.
Local Government Super takes out Infinity Award for the fifth time
19 October 2016
Local Government Super (LGS) has been awarded the SuperRatings Infinity award for its leadership in responsible and sustainable investment.
Local Government Super appoints new Board Director
1 September 2016
Local Government Super (LGS) announced the appointment of Gordon Brock to the LGS Board of Directors.
Local Government Super strengthens responsible investment credentials
25 August 2016
Local Government Super (LGS) has bolstered its commitment to responsible investment practices by making three significant changes to the investment restriction criteria within its Sustainable Australian Shares investment option.
Local Government Super awarded Best Public Sector Fund
12 August 2016
Local Government Super (LGS) has been awarded the Best Public Sector Fund in Super Review’s 2016 Super Fund of the Year awards.
LGS Account-Based Pension Plan receives CANSTAR five-star rating
23 May 2016
Local Government Super (LGS) announced that its Account-Based Pension Plan has received a five-star rating from CANSTAR for the third time in a row.
Local Government Super appoints new Head of Advice
11 May 2016
Local Government Super (LGS) announced that it has appointed Andrew Dunkerley, former head of financial planning for NGS Super, to the role of LGS Head of Advice.
Local Government Super number one for sustainable investment
2 May 2016
Local Government Super (LGS) has been ranked number one in Australia and number two globally for environmentally sustainable investing.
Local Government Super named Medium Fund of the Year
7 March 2016
Local Government Super (LGS) announced that it has been named the Super Fund of the Year in the medium-sized category at the fourth annual Conexus Financial Superannuation Awards.
Local Government Super becomes RIAA certified
29 February 2016
Local Government Super (LGS) announced it has been certified as a responsible super fund by the Responsible Investment Association Australasia (RIAA).
Local Government Super expands DIY investment choices
2 February 2016
Local Government Super announced the addition of 15 new exchange-traded funds (ETFs) to its DIY investment option, increasing to 28 the number of ETFs available to members.
Bridge Plaza upgrade gets the go ahead
11 January 2016
Local Government Super has announced that Eurobodalla Shire Council has approved the expansion plans for the Bridge Plaza Batemans Bay car park.
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2015-10
Local Government Super renamed Australia’s Best Green Super Fund
7 December 2015
Local Government Super has been named Australia’s Best Green Super Fund for 2016 at this year’s Money magazine ‘Best of the Best' awards.
Local Government Super introduces sustainable solar systems at Batemans Bay
2 November 2015
Local Government Super has completed installation of its first state of the art solar power generation system for its Village Centre in Batemans Bay.
Local Government Super wins SuperRatings award for most improved value for members
29 October 2015
Local Government Super has won the Rising Star award in the thirteenth annual SuperRatings awards.
Local Government Super scores CANSTAR hat-trick
28 September 2015
For the third year running, Local Government Super's Accumulation Scheme has been awarded a five-star rating for outstanding value from CANSTAR.
Local Government Super lodges Development Application for Bridge Plaza upgrade
25 August 2015
Local Government Super, owners of the Batemans Bay shopping centre, Bridge Plaza, have lodged a Development Application with Eurobodalla Shire Council detailing expansion plans for the car park.
Local Government Super wins the Infinity Award for the fourth time
15 June 2015
Local Government Super leads on sustainable and responsible investment.
Local Government Super awarded CANSTAR 5-star rating
11 May 2015
Local Government Super today announced that its Account-Based Pension Plan has been awarded a five-star rating from CANSTAR for outstanding value.
Local Government Super leads by example on responsible investment
4 May 2015
Local Government Super has today launched a shareholder voting website making LGS the first super fund in Australia to disclose their voting intentions in advance of investee company shareholder meetings.
Local Government Super takes out global award for green investment
28 April 2015
Local Government Super has achieved the number one ranking in the Asset Owners Disclosure Project (AODP) for the second time since 2012.
Local Government Super appoints new Chair and two new Directors
7 April 2015
Local Government Super has appointed Craig Peate as the Chair of the Board, replacing Bruce Miller following the conclusion of his two-year term.
Local Government Super appoints new Investment Committee members
20 January 2015
Following a review of its governance framework, Local Government Super (LGS) has announced the appointment of Bev Durston and Robert Swift as additional committee members to the LGS Investment Committee.
Local Government Super confirmed as Australia’s best green super fund
4 December 2014
Local Government Super has been named Australia’s Best Green Super Fund for the third time at this year’s Money Magazine’s Best of the Best awards.
Local Government Super appoints new Property Portfolio Manager
15 October 2014
Local Government Super has announced the appointment of Scott Armstrong as LGS Property Portfolio Manager.
Local Government Super leads by example on climate change
7 October 2014
Local Government Super has reaffirmed its strong commitment to responsible and sustainable investing by enhancing its ‘negative screening’ approach to combat the future impact of climate change on its portfolios.
Local Government Super maintains five-star rating
1 October 2014
Local Government Super's Accumulation Scheme has maintained a five-star rating from CANSTAR for outstanding value, the highest rating granted by the independent, specialist researcher.
DIY your super for the best of both worlds
8 September 2014
From today, members of LGS will have another retirement saving option to choose from – the LGS Do-It-Yourself (DIY) investment option.
Local Government Super takes out the Infinity Award for the third time.
25 March 2014
Local Government Super was last night announced as the winner of this year's SuperRatings Infinity Award.
Local Government Super ranked number 1 in Australia
11 December 2013
Local Government Super has again ranked number 1 in Australia for climate change risk management and number 2 globally.
Green property pioneer retires after 30-year career
28 November 2013
Local Government Super (LGS) today announced the retirement of its Property Portfolio Manager, Brian Churchill.
Local Government Super achieves five-star rating
12 November 2013
Local Government Super's Accumulation Scheme has been awarded a five-star rating from CANSTAR for outstanding value, the highest rating granted by the independent, specialist researcher.
Local Government Super reappoints Link Super as administration provider
6 November 2013
Local Government Super has appointed Link Super as the Fund's administration provider.
Local Government Super appoints new Director
31 October 2013
Local Government Super has announced the appointment of Joanna Davison to its Board.
Local Government Super appoints new Director
9 October 2013
Local Government Super has announced the appointment of James (Jim) Montague PSM to its Board.
Green ribbon for Local Government Super
8 October 2013
Local Government Super adds to Environmental, Sustainability and Governance credentials in September.
Local Government Super awarded 5-star rating
26 August 2013
Local Government Super has been awarded a CANSTAR five-star rating for its Account-Based Pension Plan.
Local Government Super signs Investor Statement on Bangladesh
10 July 2013
Local Government Super has become the first Australian super fund to support the 'Investor Statement on Bangladesh'.
LGS announces the appointments of a new Chair and two new Directors to the Board.
16 April 2013
Local Government Super has announced the appointment of Bruce Miller as the Chair of its Board, replacing John Beacroft following his two-year term.
New global disclosure framework brings ESG to private equity investing
27 March 2013
Local Government Super (LGS) is pleased to announce that it is supporting a new global Environmental, Social and Corporate Governance (ESG) framework for private equity investment.
LGS property sale highlights the value of green refurbishment
31 January 2013
Local Government Super (LGS) is pleased to announce the sale of SKM House in St Leonards to Altis Property Partners Group for $42 million.
LGS ranked world's number one in green investment
11 December 2012
Local Government Super (LGS) has achieved number one ranking from 300 of the largest retirement funds surveyed worldwide in the first ever global climate investment index.
Local Government Super cements its position as Best Green Super Fund
4 December 2012
Local Government Super (LGS) was once again recognised for sustainable investment when it took home the Best Green Super Fund for 2013 at this year's Money Magazine "Best of the Best" awards.
LGS wins environmental accolades at API Awards
22 October 2012
Local Government Super's (LGS) Carnegie Morgan Hill House has won its second award of the year after securing the Environmental Award at The Australian Property Institute (API) NSW Excellence in Property Awards 2012.
Local Government Super wins two Green Globe Awards
4 September 2012
LGS has been recognised for its leadership on climate change issues and commitment to sustainability in the delivery of green energy across its portfolio, winning both the 2012 Climate Change Leadership Award and the Energy Award in the NSW Government's 2012 Green Globe Awards.
LGS adopts market-leading Sustainable Global Government Bond strategy
4 June 2012
Local Government Super (LGS) has adopted a new strategy in regards the management of our global government bond assets explicitly incorporating environmental, social and governance (ESG) risk analysis into all aspects of the investment process.
LGS awarded Best Green Super Fund 2012 by Money Magazine
8 December 2011
LGS has continued to be recognised for its sustainable investment approach by taking home the Best Green Super Fund 2012 at the Money Magazine Best of the Best awards.
Batemans Bay Village Centre listed as Water Wise Finalist
14 November 2011
The Batemans Bay Village Centre, owned by Local Government Super (LGS) has been listed as a finalist for the Prime Minister's Water Wise Award - part of the 2012 annual savewater! Awards. It is the only commercial shopping building listed in this category.
Nine Local Government Super-owned buildings awarded 6-star environmental rating by NABERS
31 August 2011
In a recent announcement by the Office of Environment and Heritage, nine Local Government Super (LGS)-owned commercial buildings have had their environmental credentials upgraded.
Local Government Super transforms 19 year old commercial property
5 May 2011
Local Government Super (LGS) has announced one of its recently upgraded commercial properties is now the leading energy efficient building in Sydney's CBD. The 10 storey building at 120 Sussex St, which undertook an upgrade in 2010, recently obtained a National Australian Built Environment Rating System (NABERS) Base Building Energy Certificate of 5 stars, the highest available.
LGS appoints Head of Marketing
3 May 2011
Local Government Super (LGS) has announced it has appointed Michelle Hopwood as Head of Marketing & Communications.
Local Government Super tops climate change rankings again
15 April 2011
Local Government Super (LGS) has been ranked first for its climate change initiatives for the second consecutive year in the annual The Climate Institute/Australian Institute of Superannuation Trustees (AIST) survey. Now in its third year, the survey was responded to by 18 funds, representing A$200 billion in retirement savings. The project aims to independently assess the readiness of superannuation funds to manage the risks and opportunities of climate change.
Local Government Super wins SuperRatings' Infinity Award
30 March 2011
Local Government Super (LGS) has been named the Infinity Award winner for 2011 by independent super research company SuperRatings, reinforcing its position as the leader in sustainable behaviour in the superannuation industry.
Leading Australian investors join global peers to "Green" real estate investment initiative
30 March 2011
Local Government Super (LGS) and Victorian Funds Management Corporation (VFMC) together with some of the world's largest asset managers, representing $1.4 trillion in assets under management, have joined forces with some of the leading real estate industry associations to create the Global Real Estate Sustainability Benchmark ("GRESB") Foundation.
Local Government Super awarded sustainable fund of the year
6 December 2010
Local Government Super (LGS) has been hailed as the Sustainable Super Fund of the Year for 2010 by the Australian Sustainability Awards.
Solar power upgrade on existing building demonstrates environmental leadership to property sector
21 July 2010
Local Government Super (LGS) has launched the installation of 1,000sqm of solar photovoltaic panels on one of its commercial office buildings in Macquarie Park, New South Wales.
Local Government Super awarded $2.1 million Green Building Fund Grant
17 May 2010
Local Government Super (LGS) has been awarded a $2.1 million Green Building Fund Grant by the Department of Innovation, Industry, Science and Research.
Local Government Super tops climate change rankings
16 March 2010
Local Government Super (LGS) has been ranked first for its climate change initiatives in an Asset Owners Disclosure Project on climate change.
30 minute super: Building your super beyond the pandemic
31 August 2020
Lisa Judge, Manager - Education and Advice and Peter Judge, Client Relationship Manager present on building your super beyond the pandemic. You might be interested in... LGS certified carbon neutral through Climate Active.Lifestyle23 April ...
LGS shines in UNPRI Assessment Report
20 August 2020
World’s leading independent responsible investment body assigns 11 A+ results and one A achievement.
30-minute super - Financial year review, markets and investment returns
31 July 2020
LGS Chief Investment Officer, Craig Turnbull, reviews the 2019/20 financial year including the economy, global markets, super returns, and the outlook over the next twelve months. You might be interested in... LGS certified carbon neutral th...
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