Time to enjoy
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 […]
Government takes action on inactive accounts
February 27th, 2019
Parliament passed new laws relating to superannuation in February, which will affect members who have inactive super accounts. The Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018 looks to automatically consolidate (or combine) inactive low-balance members’ balances through the Australian Taxation Office (ATO) to prevent their savings from being eaten into by fees or other […]
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 […]
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 […]
Understanding super lump sums and your Age Pension entitlement
August 31st, 2018
It’s natural to want the best possible retirement for yourself. For many Australians, that means managing the complex relationship between superannuation and the Age Pension. In this article, Industry Super Australia explains what happens when you take a super lump sum when you retire. Since its introduction in 1992, Australia’s superannuation system has undergone many […]