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Latest News

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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 […]

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First Super wins Money Magazine award

November 29th, 2018

First Super is celebrating after being named a Gold Winner in Money Magazine’s Best of the Best 2019 awards. The national industry super fund for the furniture and joinery, pulp and paper, and timber sectors won the Best Capital Stable Super Fund category for its Conservative Balanced option. In addition, the Fund scored second place in […]

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First Super a “fit cat”

November 19th, 2018

Fund manager Stockspot has just published its Fat Cat Funds Report 2018 – its sixth annual assessment of superannuation funds. This review looks at the performance of Australia’s largest super funds to help Australians understand the factors that matter most when choosing a fund, and to draw attention to the impact of high fees on […]

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Five signs you could be saving more

November 15th, 2018

If you’ve got nagging doubts that you could be saving more, then you’re not alone. Industry super fund-owned bank ME highlights five red flags that suggest it could be time to start squirreling away a little more, with tips to boost your savings. 1. You’re living payday to payday Who doesn’t love payday? But if […]

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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 […]

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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 […]

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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 […]

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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 […]