Fund Statements

Significant Event Notices

The Trustee is required to notify members of material changes or significant events (as defined in the Superannuation Industry Supervision Act 1993) relating to their membership and/or entitlements with First Super. Such changes or events generally include changes to fees and costs, insurance cover or premiums, Government contribution limits or tax rates, composition of investment options or transfer of members’ benefits without consent.

First Super communicates such matters through Significant Event Notices (SEN) which may be issued exclusively or within other correspondence such as annual statements or newsletters. SENs may also be published online or emailed depending on the nature of the matter. Changes or events announced in a SEN are generally incorporated into the subsequent version of the applicable Product Disclosure Statement (PDS).

Notice Date	Nature of event or change	Impact of the change
1 August 2025 Link to Superannuation SEN	This notice explains changes to First Super’s fees for members with Accumulation accounts and/ or who are transferring their KiwiSaver to First Super. Fee changes will take effect 1 September.	Members will see a reduction of more than $10 in the yearly administration fee, and lower asset fees depending on their balance.   First Super is also introducing a KiwiSaver processing fee of $199.
1 August 2025 Link to Pension SEN	This notice explains changes to First Super’s fees for members with Retirement Income (Pension) accounts.	Retirement Income account (Pension) members will pay a weekly $1.65 fee but will also receive a reduction in the yearly asset fee, down from 0.38% to 0.18% of their account balance.   The Retirement Income account fee cap is also being lowered by almost $500 – from $1,740 to $1,250.
July 2023 Link to SEN – July 2023	This notice explains changes to Insurance cover and cost, how the Fund applies the crediting rate to withdrawals from the Fund, and how the Fund communicates with members.	On 1 May 2023, the Fund reduced the weekly cost of insurance for death (including terminal illness), total and permanent disablement (TPD) and Income Protection. The Fund has changed the definitions it uses when assessing TPD claims. If a member leaves the Fund between monthly crediting rate declarations, an interim crediting rate is applied. If a member has provided their email address and/or phone number, the Fund may use these to communicate with members.
July 2023 Link to SEN – Pension – July 2023	This notice clarifies how the Fund credits investment earnings if a member leaves the Fund, how we communicate with members, and updating an incorrect date on our Pension PDS.	If a member leaves the Fund between monthly crediting rate declarations, an interim crediting rate is applied. If a member has provided their email address and/or phone number, the Fund may use these to communicate with members. The incorrect date on the printed Pension PDS will not impact members.
27 October 2022 Link to More about First Super PDS SEN	Typographical error in More about First Super PDS	Incorrect information for the ‘Cost of product’ information, there is no impact to fees and costs charged.
21 December 2021 Link to Trust Deed SEN	This notice explains the changes to First Super’s Trust Deed clause 17.1 (a) and 18.2 (c).	The change to Clause 17 1 clarifies the ability of the Trustee that it may charge and be paid fees that it may retain for its own benefit. The change to Clause 18 2 (c) clarifies what is meant by a ‘civil penalty order’, defining it to mean a non-SIS penalty order and a non-SIS infringement notice.
20 December 2021 Link to Constitution SEN	This notice explains the changes to First Super’s Constitution.	The change will allow the Company to establish a reserve to pay for items such as Trustee Liability Insurance.
2 December 2021 Link to Conservative Balanced SEN	This notice explains the changes to First Super’s investment strategy.	Increased likelihood of achieving the return objectives.
1 December 2021 Link to Investment Strategy SEN	This notice explains the changes to First Super’s investment strategy.	Increased allocation to growth assets for the Balanced, and Growth investment options.
1 December 2021 Link to Insurance SEN	This notice explains the changes to First Super’s insurance occupation categories	The only change is to the name of the categories.
1 November 2021 Link to Superannuation SEN	This notice explains the changes to First Super Accumulation product. It includes the impact and changes to the information provided within the Product Disclosure Statement (PDS) of that product including the associated supplementary documents.	Reduction of the First Super Administration fee for First Super Accumulation product
1 July 2021 Link to Legislative SEN	This notice explains the legislated changes that came into effect on 1 July 2021.	Changes in contribution caps Increase in the Super Guarantee Transfer balance cap
1 September 2020 Link To Pension PDS SEN	This notice identifies a typographical error contained in the Pension Product Disclosure Statement (PDS) and Investing Your Super booklet regarding asset allocation target ranges. A supplemental Pension PDS and updated Investing Your Super booklet were issued 18 May 2020.	This error has in no way impacted the investment option outcomes. This notice is to alert members who may have been received the Pension PDS and/or Investing Your Super booklet between the 1 April 2020 and 18 May 2020. Where possible, impacted members have received an updated copy of these documents if these were requested from our Member Services Team.
31 January 2020 Link to PMIF and Administration fees SEN	This notice explains the changes to First Super Accumulation product. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents.	Changes to insurance cover provision and eligibility due to the Putting Members’ Interests First reforms, which are effective from 1 April 2020 Increases to administration and asset fees for accumulation accounts.
30 August 2019 Link to Superannuation and TTR SEN	This notice explains the changes to the First Super Accumulation and Transition to Retirement Allocated Pension products. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents	Review of First Super insurance cover fees Transition to Retirement: limit on opening accounts Changes due to Protecting Your Super Package legislation: – Removal of exit fees – Inactive low-balance account transfers to the Australian Taxation Office – Cancellation of insurance cover on inactive member accounts Work Test Exemption rules
30 September 2018 Link to Superannuation SEN	This notice explains the changes to First Super Accumulation product. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including the associated supplementary documents.	First Home Super Saver Scheme (FHSS) Downsizer contributions Early Release of Super Caps and thresholds Administration fees Advice fees Investment changes
30 September 2018 Link to Pension SEN	This notice explains the changes to the First Super Pension products. It includes events that impact, and changes to, the information provided within the Product Disclosure Statements (PDS) of those products, including associated supplementary documents.	Early Release of Super Complaints Handling Advice fees Caps and thresholds Investment option objectives Standard risk Investment fees and costs Property operational costs
1 July 2017 Link to Legislative Changes SEN	This notice explains the changes implemented from the 2016 Federal Budget, where a number of reforms to superannuation were proposed, and which came into effect on 1 July 2017.	Changes in contribution caps Claiming a tax deduction on superannuation contributions Spouse offset eligibility requirements High-income earnings tax Changes to anti-detriment payments Transfer balance cap
1 April 2017 Link to TTR SEN	This notice explains the changes that will come into effect from 1 July 2017 relating to investment earnings for members how hold a Transition to Retirement (TTR) income stream account.	Transition to Retirement (TTR) income stream accounts were subject to legislative change