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News & Media

Media Statements & Releases

Media Releases     

High-performing industry super fund First Super has broadened its public offering with a new exclusive partnership to promote its capacity to accept KiwiSaver transfers for New Zealanders moving to and living in Australia. The agreement is with the respected and well-established firm NZRelo, the premier provider of relocation and migration advice and information for people […]

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 […]

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. […]

Media Releases     

First Super has appointed regional businesswoman Robyn Burns to its board, effective from 1 July 2019. Ms Burns has had a long and successful career as a senior executive at Borg Manufacturing. An accountant by trade, she has overseen the expansion of Borg as it has developed into one of the principal employers on the […]

Latest News     Media Releases     Media Statements     

First Super is celebrating after being named a Gold Winner in Money Magazine’s Best of the Best 2019 awards. The national industry super fund for the furniture and joinery, pulp and paper, and timber sectors won the Best Capital Stable Super Fund category for its Conservative Balanced option. In addition, the Fund scored second place in […]

Latest News     Media Releases     

First Super has delivered another year of robust investment performance for its members, reporting annual returns of 10.68% in the Balanced (default) option, 11.90% in Growth, and 13.91% in Shares Plus*. First Super’s cash option also performed strongly, returning 2.31% over 2017/18. The Growth option return saw First Super outperform most other superannuation funds in […]

Latest News     Media Statements     

“You may have heard or read that the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry begins its superannuation-focused hearings in Melbourne on 6 August. First Super has not been called to give evidence at the hearings. “Ahead of the hearings, the Royal Commission asked First Super (along with other financial […]

Latest News

Investment Update     Latest News     

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     Latest News     

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 […]

Investment Update     Latest News     

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 […]

Latest News     

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 […]

Latest News     

More money for your super

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 […]

Latest News     

Here at First Super, we walk the walk when it comes to delivering a quality service to members. We have a team of Regional Coordinators across the country assisting our members and employers with their superannuation needs, and we also offer financial advice. And we’ve got a dedicated Member Services Team just a phone call […]

Latest News     Newsletters     

  If you’re a homeowner aged 55 or over, you can boost your super with proceeds from the sale of your main residence as part of the ‘downsizer’ scheme. The ‘downsizer’ contribution scheme lets you make a lump sum contribution from the net sale proceeds of your main residence into your super. Until last year, […]

Latest News     Newsletters     

CEO update – May 2023

The rankings show only two funds’ Balanced investment options produced a positive result for their members in 2022 – and First Super’s was one of them. MySuper Balanced Option in top 10 of latest performance test First Super’s MySuper product was a top 10 performer in the latest results of the performance test for MySuper […]