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September 21st, 2020
New research from Industry Super Australia (ISA) claims industry super funds (like First Super) plan to invest $33 billion in the economy over the next five years, playing a crucial role in the country’s financial recovery from coronavirus. The planned investment is expected to stimulate business activity and create hundreds of thousands of jobs. However, these plans could be affected if the Federal Government backflips on a legislated rise in the superannuation guarantee (SG) rate. Between now and 2025, the SG […]
September 15th, 2020
It can be overwhelming making financial decisions right now, especially if you’re struggling with the impacts of the coronavirus pandemic. But seeking help and taking action now can go a long way to getting things under control and, eventually, back on track. Check out these websites and online tools for a helping hand: MoneySmart outlines steps you can take to look after yourself and your money, including making super and investment decisions, accessing […]
Do you know how to spot an online scam? What about how to sell your products safely online? With more of us working from home, the eSafety Commissioner is hosting free webinar presentations on a range of topics to help Australians use the internet confidently and safely. While the webinars are primarily aimed at older Australians, anyone looking to upskill or protect […]
August 31st, 2020
The Federal Government’s consumer protection agency, ASIC, is reporting that fraudsters are contacting unsuspecting super members claiming to represent ASIC and offering to help them combine their superannuation accounts. What to look out for ASIC will never call members offering to help with consolidating (rolling in) super, and it doesn’t let anyone else act on its behalf to push financial products or services. So any call, […]
First Super is a finalist in three categories at the 2020 Australian Marketing Institute Awards for Marketing Excellence. The awards, which have been running for almost 40 years, recognise organisations and individuals who have achieved extraordinary success with their marketing practices. The Fund is nominated for the following campaigns and categories: Don’t be crazy! Find your lost super – Loyalty and Retention Don’t be […]
July 28th, 2020
First Super members are urged to be cautious about a new style of cold call offering help with your superannuation. If someone phones you to talk about your superannuation and they are not calling from your super fund, they may not have your best interests at heart. Our Member Services Team has received reports that […]
The Australian Government has confirmed that it is extending the application period for the COVID Early Release of Super Scheme. The announcement – part of the Government’s Economic and Fiscal Update (mini-budget) released on Thursday 24 July – will extend the second stage of the scheme from 24 September 2020 to 31 December 2020. The […]
July 7th, 2020
Coinciding with the start of stage two of the temporary early release of superannuation scheme, the Australian Taxation Office (ATO) has warned it will fine people who deliberately misuse the system to access their retirement savings early. The ATO published a new COVID-19 early release of super – integrity and compliance webpage last week. This […]
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