CEO Update – February 2024
February 27th, 2024
First Super has started off 2024 with a bang – but you don’t have to take my word for it.
Our Growth option’s performance has been recognised by Money magazine as the Best of the Best – Balanced Super Product1 beating bigger funds in the process. This demonstrates that First Super is large enough to perform, and small enough to care.
We won the award due to the consistency of our performance over 1, 3, 5 and 10 years.2
And when it comes to super, it is performance over the long term that matters the most. Pleasingly, SuperRatings data also shows that our Balanced super option is in the top 20 Balanced products for 10-year returns.3
First Super also received a Gold Award from SuperRatings, which rated our investment performance as, ‘Excellent – well above benchmark.’ This recognises our MySuper, Choice and Pension products as good value for money across investments, fees and charges, insurance, member servicing and administration.
We will continue to work hard in 2024 to deliver returns that set up our members for a dignified retirement.
1 First Super’s Growth option was assessed within the award’s balanced category based on its asset mix.
2 Past performance is not a reliable indicator of future performance.
3 According to SuperRatings’ Top 10 balanced options over 10 years to 31 December 2023, First Super’s Balanced was ranked number 13. https://www.lonsec.com.au/super-fund/2024/01/19/media-release-super-funds-sail-through-the-storm-in-2023/