Time to enjoy
Waking to find you’re suddenly thousands of dollars richer seems like a dream. But knowing what to do with your super once you can access it can be a complex task. Leaving the workforce can be a jarring process – stepping away from the relative security offered by a regular income to rely on a […]
The pros and cons of downsizing
June 3rd, 2019
A change may be as good as a holiday, but if you’re thinking about downsizing your home it’s important to weigh up the pros and cons to be sure you’re making the right move. Downsizing for seniors can offer plenty of benefits. Research by the Australian Housing and Urban Research Institute (AHURI)1 found among Australians […]
Beat your ‘bank-xiety’!
June 3rd, 2019
Nine out of ten Australians don’t trust their bank, according to research conducted by industry super fund-owned bank ME. If you’ve started to question whether your bank is really acting in your best interests, you’re not alone. Research by ME shows 94% of Australians are feeling ‘bank-xious’ – unsure about whether they’re being charged fair […]
Banking royal commission verdict: bad behaviour rife
February 28th, 2019
Australia’s big banks and financial institutions have broken the law and put profits before people, according to the final report of the banking system that warns “saying sorry and promising not to do it again” will not prevent history from being repeated. The damning final report of the royal commission into the banking sector has […]
Research shows strengths of not-for-profit super
February 27th, 2019
Not-for-profit superannuation funds have higher returns than retail bank-owned funds over time while also being less risky, new research from Chant West has shown. Not-for-profit funds, which include industry, public sector and corporate funds, have produced average returns over 15 years for the growth option (61-80 per cent growth assets) of 7.8 per cent. Retail funds meanwhile […]
Investment update – January 2019
February 27th, 2019
January 2019’s investment returns provided a welcome boost to our Fund’s performance after a volatile period for share markets. The 2018/19 financial year got off to a positive start. Then followed volatility in Australian and international share markets between October and December 2018, which meant that First Super’s investments – like those of other super […]