Latest News
AFCA: The acronym all Australian consumers should know
November 15th, 2018
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 […]
How Australia’s golden oldies are spending their lump sum super payouts
November 8th, 2018
The New Daily’s YourSuper Editor, Rod Myer, reports on new research that reveals how much people are receiving as retirement lump sums on and how they are spending this money. For many people the day they retire and take their superannuation is the day they receive the biggest unencumbered windfall of cash they have seen […]
Which is better: funeral insurance or life insurance?
November 8th, 2018
As you consider options to provide for your loved ones after your death, you may be wondering if funeral insurance is right for you, or whether you should rather opt for a more comprehensive life insurance policy. Answering the question of which insurance is better, you need to understand the difference between funeral insurance and […]
Member AGM 2018
November 8th, 2018
Members and employers heard about First Super’s strong 2017/18 performance at its AGM (annual general meeting) in Sydney on 31 October. This year’s event location, Parramatta, was chosen as it’s central to one of the heartlands of Fund members and industries in New South Wales. First Super CEO Bill Watson gave the main presentation of […]
Annual Report reviews strong year for First Super
November 8th, 2018
First Super has just 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 […]
Super planning for a happy retirement
October 25th, 2018
If you’re looking ahead to retirement, but you’re unsure about planning your finances, First Super has an upcoming event designed for you. The earlier you start planning for your eventual retirement from work, the more options you have to achieve the income and lifestyle you’re hoping for. Our financial planners are heading to Traralgon next […]
From the CEO: the Royal Commission shows bank funds aren’t super
August 31st, 2018
First Super CEO Bill Watson gives a summary and his thoughts of the recent Financial Services Royal Commission hearings into superannuation funds. “The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has uncovered constant and ongoing misconduct and conduct falling below community standards and expectations over many years by retail superannuation […]
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 […]