Based on these numbers, FIRSTSUPER is expected to have over 77,000 Members and more than $1.5 billion in assets at inception on 1 July 2008.
FIRSTSUPER brings together a collective 78 years experience in super.
Under superannuation successor fund regulations, first and ppwsf Members became members of TISS as of 1 July 2008 and TISS
changed its name to FIRSTSUPER. The regulations ensured that members of all three entities retained all their accumulated funds and at least their prior benefits following the transfer.
The increase in Fund membership and funds under management gives FIRSTSUPER access to leading investment managers and should lead to better deals and greater cost efficiencies than each of the funds could negotiate individually, resulting in an even stronger fund