Local Government Risk Services (LGRS) was established to manage and service the insurance and risk management needs of Local Government in South Australia.
We chat with Robyn Daly, Scheme Manager, Local Government Association Mutual Liability Scheme.
Hi Robyn - thanks for taking the time to speak with LG Professionals, SA.
Tell us about LGRS - where does it operate? What's its ‘reason for being’?
The LGRS brand represents Local Government Risk Services. LGRS is the South Australian public sector division of JLT (Jardine Lloyd Thompson). Nationally JLT‘s core public sector business is focussed on partnering with local government – providing membership, risk based services and ‘insurance’ options to over 95% of all councils in Australia.
How does it benefit (SA) councils?
Apart from the obvious value as the recognised specialised provider of insurance services to local government, LGRS provides to local government in South Australia, councils benefit from the establishment of the unique risk indemnity schemes, being the LGA Workers Compensation Scheme, LGA Mutual Liability Scheme and LGA Asset Mutual Fund.
Established via the Local Government Act 1999, the LGA in partnership with LGRS continue to deliver ultimate protection, consistency of risk, claim services and value-add incentives via the schemes in relation to workers compensation, public liability and asset (including motor vehicles/machinery) management. Reflecting the application of good risk mitigation strategies.
Councils as members of the schemes are able to participate in financial rewards, via bonuses, rebates and special distributions. Councils are encouraged to re-invest these financial incentives into specific risk mitigation incentives/projects, designed to assist and support councils to reduce/mitigate identified risk trends.
How do you encourage council officers to take time out of their busy day to day schedules to consider risks and plan their organisational or departmental risk management strategies effectively?
Council officers do not need to be encouraged to ‘take time out’ to consider risks and plans. Via ongoing (100%) sector participation in the membership scheme concept, risk management is an embedded culture within each council business structure, supported by the requirements in the Local Government Act that all councils must have strategic plans that are implemented, measured and monitored. Managing and mitigating risk is an essential day to day function of a council.
How can LGRS help with this?
In South Australia, LGRS continues to operate in partnership with the LGA, the sector and each council to support the evolution of the sector’s risk profile. This is done by the consistent delivery of risk management and claim services recognising that each council has its own risk profile that can only mature successfully at its own rate. LGRS as scheme manager, reports regularly to each scheme board which has the delegated authority of the LGA to oversee the successful delivery of the schemes’ objectives to the sector.
The ongoing financial success of the schemes ensures that the boards are in a position to direct financial support and assistance to the areas of ultimate cover, claims and risk management, as identified and recommended by the LGRS, as the scheme manager. This can only be achieved by LGRS ensuring 100% council participation.
What would you like to see in the future in terms of (SA) councils and their approach to risk management?
Recognition and ongoing commitment to the application of effective risk management so it reflects in the culture of each council’s core business.
This objective will be achieved by the continuation of 100% council participation in the schemes – which continue to be successfully delivered by LGRS in partnership with the LGA.
Partnering is the key to achieving success and one of the best examples of this is the partnership between LG Professionals, SA and LGRS.
With an equal passion and unbounded enthusiasm for local government, our partnership will continue to deliver tailored services locally and nationally across the sector.
We know super isn’t always on your mind – in fact, super is probably something you may rarely think about. But read on. We have 3 simple super tips that can make all the difference to your future.
Tip 1: Knowledge is key
Making informed decisions about your money is one of the most important things you can do. We all have different personal skills, attitudes, behaviours and knowledge in relation to money. But spending just a few minutes a day can make all the difference to your financial independence now and in the years ahead.
So what can you do to kick start your financial freedom?
Statewide Super is committed to increasing financial literacy and we do this by offering a variety of fun and interactive tools to help you on this journey. Check out our complementary learning resources today!
Tips on Money Management platform
15 short interactive modules on a variety of topics including superannuation, debt, managing your money, retirement and investing.
Your Super Life blog
A range of educational articles and videos on a variety of lifestyle, wellbeing and financial topics to inspire you to lead a super life.
Tip 2: Take three minutes to find and consolidate your super into one account
Did you know there is over $16 billion** in lost super in Australia? So when you think back to all the old jobs you have had and all the super fund accounts you may have started and forgotten about – you’re not alone. Millions of Australians have done the same thing. But that lost money is still rightfully yours and you can find it in minutes – just by calling Statewide Super.
Not only can Statewide Super find your lost super, but we can also find all your super accounts and consolidate them together, quickly and easily into one fund only. This may be a smart strategy as currently you may be paying fees for each super fund and you probably have numerous statements sent to you each year which are cumbersome to manage. By combining your super together into one account, the power of compound earnings can help to grow your super balance faster!
Your next step…
Call Statewide Super on 1300 65 18 65 and ask to find and consolidate your super over the phone.
Tip 3: Seek financial advice to build your wealth
Regardless of how much or how little money you have, a simple financial ‘health check’ can mean thousands of dollars difference to your super balance. Just one phone call or one session with a financial advisor can change your financial trajectory.
As a Statewide Super member, you have access to the following advice services – so why not take advantage of them to ensure you get the most from your hard-earned money!
Types of advice available to you
1. As a Statewide Super member you can receive advice of a general nature about your super over the phone or in person at our Adelaide office at no additional cost.
2. As a Statewide Super member you can receive advice over the phone or in person to discuss your Statewide Super investment options, insurance cover and super contributions at no additional cost.
3. You can receive a complementary initial consultation with a Statewide Super financial planner* to explore your unique financial situation and objectives. Should you wish to proceed with financial advice, a fee-for-service will be agreed in advance.
But the best part…Statewide Super-related advice can be paid for with the money in your super account so you are not out of pocket. Now that’s convenient!
Want to know why Statewide Super is the best choice for you?
Well, let us be quick….as your local profit-for-members industry super fund, we exist only to benefit you. Our default MySuper investment option returns are the BEST in the country returning 9.26%*** over the three years to 31 January 2017. Recently winning the Workplace Select Choice Product of the Year, our investments, insurance and local service is also rated the BEST in the country by independent rating agency Rainmaker.
Now that’s peace-of-mind.
To learn more:
1300 65 18 65
The information provided is of a general nature. It does not consider your specific needs nor is it intended to be financial product advice. You should obtain independent financial advice and consider the applicable Product Disclosure Statement before making an investment decision.
Statewide Superannuation Pty Ltd ABN 62 008 099 223 (AFSL 243171) Trustee and RSE Licensee of Statewide Superannuation Trust ABN 54 145 196 298
*Financial information and general advice may be provided by representatives of the fund’s Trustee Statewide Superannuation Pty Ltd ABN 62 008 099 223 (AFSL 243171). Any personal advice you receive is provided by Authorised Representatives of Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL 232514. IFS is responsible for the advice given to you by its Authorised Representatives and fees apply to any personal advice provided.
**The New Daily, March 2016
Local Community Insurance Services (LCIS) is a division of Jardine Lloyd Thompson Pty Limited.
For 10 years Local Community Insurance Services (LCIS) has worked closely with thousands of community groups and not-for-profits in Australia to manage their specific insurance needs.
LCIS believes communities thrive when people have the confidence to do what they love and live like they should. As a specialist insurance provider they protect the passions of community groups and not-for-profits with sounds advice and a selection of insurance covers to suit most groups.
This year LCIS have launched into 2017 with a new look and website which features:
Last year alone LCIS provided over 10,000 policies to various groups. Their specialised focus on the community sector means they can meet the specific insurance needs of these groups, with the underlying aim to give each group the confidence to live their passions to the fullest.
Their dedicated team pride themselves on getting to know each client to understand the risks associated with their activities and how to best manage these through insurance and risk management advice. They use their industry knowledge and experience to tailor the most suitable insurance solution for each client.
If you have any questions about community insurance contact the LCIS Team on 1300 853 800 or via firstname.lastname@example.org
What is Local Government LIFE App?
McArthur has been developing a mobile app for measuring staff engagement/satisfaction throughout the year (monthly), rather than just on an annual or bi-annual basis. We have decided to launch a Local Government Pilot of our Version 1 product.
How does it work?
The Local Government Finance Authority (LGFA) is an important part of the South Australian local government community. We were established in different economic times; however have remained relevant because we still provide competitive products to our members.
Why deposit your surplus funds with the LGFA?
The LGFA then uses Council Deposits, External Borrowings and LGFA reserves to fund loans to Councils and Prescribed Bodies around our State. Every dollar we source from the sector is a dollar we don’t need to borrow externally.
Loans to Councils:
Because of our mutual nature and support from the State Government, the LGFA are able to charge market leading lending rates to Councils and Prescribed bodies. The following LGFA loan products are innovative and often difficult to obtain from other lenders.
When you use LGFA services you receive:
When you use the LGFA, the local government sector benefits by:
Mailing Address: 5 Hauteville Tce EASTWOOD Phone: 8291-7990 Fax: 8451-1568 E-mail: email@example.com