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Important updates at First Super

December 1st, 2023

We’re committed to putting our members first – which includes telling you when things change.

This is why we’re telling you about:

  • The changing cost of our investment options (this doesn’t come directly out of your account) and;
  • Changes to how we allocate funds across our investment options.

The costs for our investment options have changed.

We’ve updated the investment costs for our investment options, based on the actual costs incurred for the previous financial year (FY 22/23).

Investment costs do not come directly out of your account, as they’re deducted before returns are applied to your balance.

The table below shows the costs for each investment option for the 22/23 financial year, compared with the previous financial year’s costs (FY 21/22).

Investment costs are calculated at the end of the financial year, when we have final figures for how our investments performed. The FY 23/24 costs will be calculated in the next financial year.

Investment costs % p.a.

Investment option FY 21/22 FY 22/23 FY 21/22 FY 22/23
Accumulation Options Pension Options
Balanced 0.59% 0.56% 0.56% 0.57%
Cash 0.00% 0.00% 0.00% 0.00%
Conservative Balanced 0.32% 0.44% 0.31% 0.44%
Growth 0.62% 0.57% 0.62% 0.57%
Shares Plus 0.67% 0.60% 0.68% 0.60%

We’ve updated our asset allocation within our investment options  

We periodically review our investment strategy to ensure our options are best positioned for the current and future investment markets. This is to ensure we continue to perform strongly for our members.*

View the strategic asset allocation for our investment options here.

Questions about this? We’re here to help, so let’s talk.

If you’d like to discuss the information in this document or any other super matter, please contact our Member Services Team. First Super offers members general advice about their investment choice as a benefit of membership. Ask us how this works.

1300 360 988 (Monday to Friday, 8.00am to 6.00pm AEDT) | Email: mail@firstsuper.com.au

*Past returns are not an indicator of future returns.

Issued by First Super Pty Ltd (ABN 42 053 498 472, AFSL 223988), as Trustee of First Super (ABN 56 286 625 181). This document contains general advice which has been prepared without taking into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you. Read the Product Disclosure Statement (PDS) before making any investment decisions. To obtain a copy of the PDS or Target Market Determination please contact First Super on 1300 360 988 or visit firstsuper.com.au/pds.