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News & Media

Media Statements & Releases

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

Latest News     Newsletters     

Industry super fund-owned bank ME shares a few ideas on how to enjoy summer while keeping your finances in great shape. The sun is shining, the days are longer and opportunities for get-togethers are everywhere. Check out ME’s affordable ways to relish the fun so you can head into autumn without a burnt-out budget. 1. […]

Latest News     Newsletters     

The Super Downsizer Measure, which started on 1 July 2018, allows eligible over-65s to sell their homes and contribute up to $300,000 of the proceeds from the sale into their super account. Recent figures show that more than 5,000 people across Australia have made this type of contribution. However, the Australian Taxation Office (ATO) has […]

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The First Super team is well underway with its 2019/20 program of Planning for Retirement seminars. Starting in November, First Super has so far hosted seminars in Dandenong and Traralgon in Victoria, and Mount Gambier in South Australia. The attendees learned about building their super while working, how much super is enough, claiming the Government […]

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Six silly season savings tips

Australians spent around $50 billion[1] in the lead-up to Christmas last year, which means there is plenty of room to save. Here are six tips from ME on how to enjoy the fun and festivity without a New Year financial hangover. 1. Plan ahead Lists go hand in hand with Christmas, and they’re not always […]

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We need to share another important update on new Federal Government laws that came into effect from 1 November 2019 and which may impact you if you have insurance inside super with us or any other fund. Super account balance below $6,000? Your cover is at risk of being cancelled on 1 April 2020. Like […]

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2018/19 Annual Report

The Fund’s 2018/19 Annual Report is available online, with in-depth details on the Fund’s financials and governance. This year’s report includes: an ‘at a glance’ summary of the Fund’s deliverables during 2018/19 in-depth information and features on the Board, Executive and other individuals who take care of your Fund a breakdown of the Fund’s financials […]

Latest News     Newsletters     

First Super welcomed members and other stakeholders from across the country to its Annual Members’ Meeting on Tuesday 19 November. The Fund hosted live events at the Jasper Hotel in Melbourne and the Traralgon Greyhound Racing Club. For the first time, the event was also live streamed, so that members unable to attend in person […]

Latest News     Newsletters     

After a huge year for creative communications to our members, First Super walked away double winners at the AIST Awards for Excellence on 4 December. The Australian Institute for Superannuation Trustees (AIST) – which is the peak body for profit-to-member super funds – holds it awards program to recognise the achievements of funds like ours […]