News & Media
Media Statements & Releases
Working families to lose if MPs win on plan to cut super
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 […]
First Super members benefit from strong long-term results
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. […]
Robyn Burns welcomed as new director at First Super, as board veteran Allan Stewart stands down
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 […]
First Super wins Money Magazine award
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 […]
Small is beautiful: First Super outperforms funds 50 times larger
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 […]
Message from the CEO – Royal Commission
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 […]
Latest News
ISA sets facts straight on super guarantee increase
October 11th, 2019
Industry Super Australia (ISA) has responded to recent media reports about how increasing the superannuation guarantee rate to 12% will affect everyday people in Australia. The Grattan Institute published a report in July 2019, based on its own forecasting, suggesting that an increase in super would mean an average worker would be about $30,000 worse […]
Working families to lose if MPs win on plan to cut super
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 […]
First Super makes MySuper Top Ten
September 9th, 2019
The super regulator’s recent review of super fund performance named First Super as sixth out of 85 providers, as industry super funds continue to lead the market. Industry Super Australia (ISA) has used latest figures from the super industry regulator to rank the country’s 60 registered MySuper products – and First Super made the top […]
Don’t panic on investments
September 9th, 2019
Amid concerns about a possible recession, a share markets expert explains why now is not the time to make a panicked decision on your super investment option. Rising talks of a recession, interest rates moving towards negative territory and tumbling stock markets have given people plenty of reason to worry. However, letting the negative data […]
Annual Members’ Meeting 2019
September 9th, 2019
All First Super members are invited to our Annual Members’ Meeting on Tuesday 19 November. Members of the Trustee Board and Executive Management Team will be on hand to provide an update on: how your super fund performed over the past financial year; changes to super legislation; and what’s planned within the Fund for the […]
Keep an eye out for your annual statement
September 9th, 2019
With crediting rates for the Fund confirmed, First Super will soon be sending out your annual member statement. The pack will have full details of your super account, investment performance and insurance benefits for the 2018/19 financial year. During September, you will receive your printed statement in the mail or an e-statement by email if […]
Beat the top five barriers to saving
September 9th, 2019
Just over half of Australians aren’t saving any of their monthly income1, and five key outgoings are the main culprits. A recent survey revealed that everyday bills – rent, home loans, shopping, dining out and socialising; and school/daycare – are Australians’ top five savings barriers2. Industry super fund-owned bank ME reveals what you can do […]
Important: act now to hold on to your super
September 9th, 2019
New laws mean that if your First Super account hasn’t received a payment for 16 months and the balance is below $6,000, then we may need to transfer it to the Australian Taxation Office (ATO) on 31 October. Under the Protecting Your Super Package legislation, super funds had to identify inactive low-balance inactive accounts on […]