Our Member Services contact centre will be closed from 12pm Wednesday 18 December and re-open 8am Thursday 19 December. During this time, you can leave a message with your contact details and we will call you back.
February 28th, 2019
Australia’s big banks and financial institutions have broken the law and put profits before people, according to the final report of the banking system that warns “saying sorry and promising not to do it again” will not prevent history from being repeated. The damning final report of the royal commission into the banking sector has […]
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 […]
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 […]
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 […]
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 […]
Did you receive this year’s Annual Member Statement and drop it, unopened, into a drawer? Well, go get it out and open it up, as now is the ideal time to check that your insurance cover matches your needs. Your insurance cover Life insurance can provide cover for death, total and permanent disablement (TPD), and […]
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 […]
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 […]
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