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Latest News

Latest News     Media Releases     Media Statements     

Australian families will stand to lose nearly $250,000 in retirement savings if the push to cut the super increase by a group of backbench MPs is successful, new analysis reveals. Some Federal backbenchers want the Government to cut the promised increased in super contributions, breaking a key election promise and denying local families the retirement […]

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First Super makes MySuper Top Ten

The super regulator’s recent review of super fund performance named First Super as sixth out of 85 providers, as industry super funds continue to lead the market. Industry Super Australia (ISA) has used latest figures from the super industry regulator to rank the country’s 60 registered MySuper products – and First Super made the top […]

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Don’t panic on investments

Amid concerns about a possible recession, a share markets expert explains why now is not the time to make a panicked decision on your super investment option. Rising talks of a recession, interest rates moving towards negative territory and tumbling stock markets have given people plenty of reason to worry. However, letting the negative data […]

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Annual Members’ Meeting 2019

All First Super members are invited to our Annual Members’ Meeting on Tuesday 19 November. Members of the Trustee Board and Executive Management Team will be on hand to provide an update on: how your super fund performed over the past financial year; changes to super legislation; and what’s planned within the Fund for the […]

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With crediting rates for the Fund confirmed, First Super will soon be sending out your annual member statement. The pack will have full details of your super account, investment performance and insurance benefits for the 2018/19 financial year. During September, you will receive your printed statement in the mail or an e-statement by email if […]

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Just over half of Australians aren’t saving any of their monthly income1, and five key outgoings are the main culprits. A recent survey revealed that everyday bills – rent, home loans, shopping, dining out and socialising; and school/daycare – are Australians’ top five savings barriers2. Industry super fund-owned bank ME reveals what you can do […]

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New laws mean that if your First Super account hasn’t received a payment for 16 months and the balance is below $6,000, then we may need to transfer it to the Australian Taxation Office (ATO) on 31 October. Under the Protecting Your Super Package legislation, super funds had to identify inactive low-balance inactive accounts on […]

Latest News     Media Statements     

First Super has again delivered strong long-term results for members, with an annual return for the 2018/19 financial year of 6.70% for its default option, and five and ten-year returns of 8.68% and 8.84% respectively. First Super is the industry super fund for workers in the timber, pulp and paper, and furniture and joinery industries. […]