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February 26th, 2021
A new director and associate director have joined the First Super Board. They commenced their terms on 1 January this year. Anthony Pavey, who has worked for Australian Paper since 2002 and is currently the on-site Secretary of the Maryvale Sub-Branch of the Construction Forestry Maritime Mining and Energy Union (CFMMEU) Pulp & Paper Workers […]
July 1st, 2020
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 […]
September 13th, 2019
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 […]
August 27th, 2019
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. […]
May 30th, 2019
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 […]
November 29th, 2018
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 […]
August 30th, 2018
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 […]
August 6th, 2018
“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 […]
June 17th, 2024
In the Investment Market update for May, Frontier’s Senior Consultant Shahana Mukherjee talks about inflation edging higher in the US and Australia in March. Cash rates have as a result remained unchanged in both countries. The increase in inflation rates has caused the RBA to revise its inflation forecast for the end of the year […]
June 14th, 2024
It’s important for us to occasionally review our marketing activities to ensure they are being used most effectively. As part of this, we’re conducting an online market research survey through research provider, BlissPoint Research (ABN 85 591 187 589). The survey will run from Saturday 15 June to Friday 28 June 2024. The survey will […]
May 24th, 2024
The start of the financial year 2024/25 will see some important changes to super. Here we explain how these changes could affect you, as well as how to make the most of them. Check you are getting paid 11.5% super From 1 July, your employer legally must pay 11.5% of your ordinary time earnings to […]
The financial watchdog ASIC has issued a warning about financial services companies making unsolicited calls offering to review or switch a person’s super into another fund. In some cases, this has resulted in people being pushed into moving their super to higher-risk, lower performing super investments, and charging unnecessary fees, which can reduce your retirement […]
With the end of the financial year approaching, it’s worth checking how you can maximise your super. The good news is, it’s not too late in the tax year to make some changes to boost your retirement savings. Here are some things you can do before June 30. Check your employer is paying compulsory super […]
April 18th, 2024
And some other common misconceptions about investing your super You may have heard many different beliefs about investing super from family, friends and colleagues, or in the news. Whether you are considering changing the way your super is invested, or simply want to learn more, it’s important to make sure you understand the facts, as […]
March 18th, 2024
Principal Consultant KC Low discusses the key developments in financial markets at the start of 2024. The Reserve Bank of Australia (RBA) had its first meeting of the year, where the cash rate remained unchanged. Inflation is continuing to moderate but remains high. The RBA also noted that a further increase in rates cannot be […]
February 27th, 2024
First Super has started off 2024 with a bang – but you don’t have to take my word for it. Our Growth option’s performance has been recognised by Money magazine as the Best of the Best – Balanced Super Product1 beating bigger funds in the process. This demonstrates that First Super is large enough to […]
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