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EmployersFIRST

EmployersFIRST     

Underperforming superannuation funds will face the chop following the election, with Labor and the Coalition pledging to increase the powers of the regulator, the Australian Prudential Regulation Authority (APRA), if they form government. Shutting down poor performers was put firmly on the agenda recently, when the Productivity Commission said low performers were costing their members […]

EmployersFIRST     

January 2019’s investment returns provided a welcome boost to our Fund’s performance after a volatile period for share markets. The 2018/19 financial year got off to a positive start. Then followed volatility in Australian and international share markets between October and December 2018, which meant that First Super’s investments – like those of other super […]

EmployersFIRST     

New legislation has passed that aims to help ensure small businesses meet their legal obligation to pay superannuation for their workers through real-time reporting. The new law – which will come into force on 1 July 2019 – will mean that employers with fewer than 20 employees will have to comply with real-time reporting of […]

EmployersFIRST     

Parliament passed two important bills relating to superannuation in February, which affect both employers and fund members. Employers and funds The Treasury Laws Amendments (Improving Accountability and Member Outcomes in Superannuation Measures No.1) Bill 2017 includes an amendment to curb some of the activities super fund providers use to encourage employers to offer their product […]

EmployersFIRST     

The super contributions you make for your employees are one of the most valuable benefits they get. But are they making the most of these savings? When it comes to super, there are a few easy ways to help people stay on track with their retirement savings. This time we look at the benefits of […]

EmployersFIRST     

First Super has released its 2017/18 Annual Report. The publication marks 10 years since the Furniture Industry Retirement Superannuation Trust, the Pulp & Paper Workers’ Superannuation Fund and the Timber Industry Super Scheme merged in July 2008 to become First Super. Inside this year’s report, you’ll find highlights of the year, an overview of who […]

EmployersFIRST     Time to invest     News & Media     

First Super a “fit cat”

Fund manager Stockspot has just published its Fat Cat Funds Report 2018 – its sixth annual assessment of superannuation funds. This review looks at the performance of Australia’s largest super funds to help Australians understand the factors that matter most when choosing a fund, and to draw attention to the impact of high fees on […]

A new independent body has been established to help consumers seek justice if they believe they have been treated unfairly by banks, insurers and other financial services providers. The Australian Financial Complaints Authority (AFCA), a new “one-stop shop” for Australian consumers to resolve problems with various providers, launched on 1 November. The Government first proposed […]