I thought that part of the new upgrade features was the retention of any Speedgrade applied lumetri affects when going into AE?
This is not true. What lead you to believe this?
When you say "when going into AE", what is your workflow?
After Effects does not currently contain the Lumetri Deep Color Engine. Until we add it, retaining the appearance as applied in SpeedGrade is not 100% possible. We are planning to add it in a future release, possibly late 2015, but no promises. What you can do in After Effects CC 2014.2 (13.2) is to apply the Apply Color LUT effect and choose a SpeedGrade .look file, however this only applies the LUT data, not the additional effects that SpeedGrade stores in a Look, ex. vignetting.
I must have been mistaken of what was included in the updates. I typically do my AE work, bring it in to Premiere to trim and then grade in Speedgrade as the last step. I had thought I could grade it, then into AE with retained look. I'll go back to my original method.
This "work-around" is a pain in the arse.