The PFA was pleased to recently announce LUCRF Super as the organisation’s major partner for superannuation services for our members.
The partnership means that LUCRF is the PFA’s partner for member superannuation needs. LUCRF will provide superannuation education to Australian footballers through the PFA’s My Football Career program, support the PFA’s awards and events activities and has an involvement in upcoming PFA community initiatives.
As Australia’s first industry super fund, LUCRF has over 180,000 members and $2.1 billion in funds under management. LUCRF’s aim is to provide consistentlycompetitivereturns on their superannuation funds for their members. Whilst achieving these returns, they also aim to provide excellent service at a minimal cost to their members.
This approach to the management of their member’s superannuation funds has seen LUCRF awarded a Platinum rating – the highest possible rating – ranking the Fund within the top 15% of 230 funds assessed by an independent super fund rating agency, SuperRatings. The Platinum rating represents the best value for money fund with a well balanced performance across all assessment criteria including investment returns, fees and service.
“PFA members need to make well informed decisions in relation to their superannuation,” PFA Chief Executive Brendan Schwab said in relation to the LUCRF partnership. “The precarious nature of a professional football career path complicates a footballer’s superannuation strategy which in turn can reduce the earning capacity of their superannuation funds.”
“PFA members often have many different employers throughout their careers, regularly leave Australia to pursue their career overseas or may be a foreigner that is earning superannuation for the first time in their life,” Schwab continued. “LUCRF can assist our members with the complex choices these circumstances place on their superannuation and ensure that they are well positioned to maximise their superannuation funds throughout their working life.”
LUCRF Chief Executive Greg Sword said he welcomed the partnership with the PFA.
“Our organisation has over 30 years of experience in assisting Australians with their superannuation needs. We’re looking forward to providing this support to Australia’s elite footballers and also our involvement with the PFA’s upcoming community initiatives,” he said. “This relationship is a fantastic way for both organisations to make a positive contribution to the lives of Australians”.
