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News & Media

Media Statements & Releases

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From the CEO: 2020/21 mid-year investment update

February 5th, 2021

After a turbulent 2019/20 financial year, it was heartening to see investment returns firmly in the positive for the first half of 2020/21. Global share market performance was varied early in the 2020/21 financial year. As economies and businesses slowly started to recover from the impact of COVID-19, the US and China produced large positive […]

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Financial resolutions: seven ways to be more money savvy in 2021

February 4th, 2021

You might want 2021 to be the year in which you eat healthier, learn a new skill or land the job of your dreams. But it’s also an opportunity to ditch your bad money habits. One in five households relying on wages or a salary couldn’t raise $2000 within a week for an emergency, according […]

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Superannuation rise would give retirees confidence to spend later

February 4th, 2021

Academics and industry insiders have again urged the federal government to go ahead with the legislated increases in the superannuation guarantee (SG), arguing that most balances are inadequate to fund a decent retirement. In a recent opinion piece for The Australian Financial Review, the minister responsible for superannuation, Senator Jane Hume, reignited the debate by […]

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Super advice for the season

December 15th, 2020

You’re never too young or too old for some quality advice about your super. But sometimes it’s not easy to know where to start – or even what to ask. To give you a better understanding of the advice services we offer, here’s a breakdown of some of the topics we help our members tackle. […]

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3 things you need to know about salary sacrifice

December 15th, 2020

Looking to contribute extra to your super but not sure how to go about it? One of the easiest ways to boost your balance is by “sacrificing” part of your salary into super. Salary sacrifice is where you give up (sacrifice) part of your pre-tax pay to make additional contributions to your super account. Your […]

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Workers received no pay rise after the last SG hike was scrapped: ISA

November 16th, 2020

Freezing the superannuation guarantee (SG) in 2014 failed to deliver higher wages for workers and could cost the average full-time worker $45,000 at retirement, according to new research. Months after Prime Minister Scott Morrison said he would “carefully consider” whether to go ahead with the legislated plan to lift the SG as scheduled in July 2021, Industry […]

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First Super is a double award winner for member communications

November 4th, 2020

First Super has won two 2020 Australian Marketing Institute (AMI) awards at a virtual award ceremony.  In its 39th year, the awards for “Marketing Excellence” celebrate individuals and organisations Australia-wide who demonstrate success through innovative and effective marketing.   First Super was the recipient of two state awards for its “Don’t be crazy! Find your lost super” […]

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What could the 2020 Budget changes mean for your super?

October 12th, 2020

With last Tuesday’s Federal Budget, the Government looked to tackle the economic impacts of the coronavirus, bringing forward proposed income tax cuts and introducing a new wage subsidy. Somewhat unexpectedly, a package of superannuation reforms was also included. The “Your Future, Your Super” reforms could see members being “stapled” to one super fund for life. […]