Latest News
How our Financial Planners can help you choose an investment option
November 29th, 2023
At First Super, we offer many ways to invest your super. But you may be wondering which super investment option is best for you and whether you should choose one, or a mix. Each of First Super’s pre-mixed investment options come with different risk levels and returns. ‘One size fits all’ does not apply when […]
Investment update – September quarter 2023
November 29th, 2023
Here’s a look at what’s been happening in investment markets recently and what it means for your superannuation. Interest rates to remain higher for longer In the last quarter of the 2022-2023 financial year, data suggested inflation was slowing, though it remained high and needed to come down further. With inflation moderating, financial markets believed […]
A year of positive returns and Fund growth
October 27th, 2023
From The CEO, Bill Watson For First Super and its 50,000 members, the 2022/23 financial year was a year of positive investment returns and Fund growth. We outperformed many larger funds with our investment returns. The MySuper/Balanced accumulation option, where most of our members’ super is invested, returned 9.44% for 2022/23.1 Pleasingly, our Balanced Accumulation […]
Financial year 22/23 Investment Update with CEO Bill Watson
September 13th, 2023
Your Fund continued to deliver strong returns in 2023, despite market uncertainty. We achieved positive returns for all investment options and outperformed several larger funds. Our Balanced option was a top 10 performer over the last three years, according to rankings from superannuation ratings agency SuperRatings to 30 June 20231. Investment option Investment returns from […]
Investment update – June quarter 2023
August 15th, 2023
Here’s a look at what’s been happening in investment markets recently and what it means for your superannuation. The big picture Our last update questioned whether all the rapid interest rate rises by central banks across the globe were having the desired impact. Data suggests inflation is slowing but remains high and needs to come […]
Frontier Market Update – May 2023
July 31st, 2023
In this May market update, Wayne Sullivan and KCC Low say there have been further rate hikes by central banks and more bank collapses. In the US, labour markets are still strong and inflation is still elevated but slowing, and bank lending conditions have tightened materially which is expected to lead to the economy slowing […]
Member voice: Ray, Mt Gambier
July 27th, 2023
First Super member Ray Kilsby works as a boiler attendant in Mount Gambier. He joined the Fund five years ago and has been a member ever since. About First Super, he says: ‘I love the returns that they’re giving me.’ Ray has also taken financial advice from a First Super financial planner*, because he wanted […]
More money for your super
July 27th, 2023
Super Guarantee increase Did you know that from 1st July 2023, the minimum amount your employer must pay into your super – known as the Superannuation Guarantee (SG) – has increased from 10.5% to 11%? So if your annual salary is $50,000, you will receive 11% of $50,000 in SG payments – or $5,500 into […]