Time to think ahead
From the CEO Bill Watson
September 19th, 2024
Welcome to the September edition of Members First. I’m pleased to say it’s been another great financial year for our members. In FY23/24, our Balanced (default) option returned 8.87%, which makes it 7.56% over ten years.1 Members can be confident of our long record of strong performance. Financial returns are an important part of the […]
Be wary of cold calls about switching your super
May 24th, 2024
The financial watchdog ASIC has issued a warning about financial services companies making unsolicited calls offering to review or switch a person’s super into another fund. In some cases, this has resulted in people being pushed into moving their super to higher-risk, lower performing super investments, and charging unnecessary fees, which can reduce your retirement […]
CEO Update – May 2024
May 24th, 2024
There has been a lot of debate recently about the purpose of super and the role industry super funds play in our society and economy. Everything from super funds’ role in the housing market to our position as investors has been discussed in the media. A lot of these conversations seem to represent a significant […]
CEO Update – February 2024
February 27th, 2024
First Super has started off 2024 with a bang – but you don’t have to take my word for it. Our Growth option’s performance has been recognised by Money magazine as the Best of the Best – Balanced Super Product1 beating bigger funds in the process. This demonstrates that First Super is large enough to […]
Age limit lowered for Downsizer contribution
May 2nd, 2023
If you’re a homeowner aged 55 or over, you can boost your super with proceeds from the sale of your main residence as part of the ‘downsizer’ scheme. The ‘downsizer’ contribution scheme lets you make a lump sum contribution from the net sale proceeds of your main residence into your super. Until last year, […]
CEO update – May 2023
May 2nd, 2023
The rankings show only two funds’ Balanced investment options produced a positive result for their members in 2022 – and First Super’s was one of them. MySuper Balanced Option in top 10 of latest performance test First Super’s MySuper product was a top 10 performer in the latest results of the performance test for MySuper […]
Member voice: Craig, Mt Gambier
April 26th, 2023
First Super works with about 50,000 members, and every one is unique. This is why we pride ourselves on the quality of our member services. Strong returns, competitive fees and great service mean First Super members can be confident we’re doing everything we can to give them a dignified retirement. First Super is a fund […]
Have you nominated your beneficiaries?
April 26th, 2023
If you die with superannuation still in your First Super account, what happens to it? It’s easy to assume it will become part of your Will or estate and be distributed with your other belongings and money. But super doesn’t work like this. There are a few simple steps you can take to make sure […]