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2018/19 crediting rates: delivering strong long-term returns

September 9th, 2019

First Super has again delivered strong long-term results for members.

The Balanced (default) super option – in which the majority of members are invested –achieved a return of 6.70% for the 2018/19 financial year, and five and ten-year returns of 8.68% and 8.84% respectively.

CEO Bill Watson said that the results were strong given the market volatility and global uncertainty around trade over the last financial year.

“Superannuation is a long-term proposition, so while we are pleased with a solid result for our members over the past 12 months, the five and ten-year figures are in many ways the real numbers to watch,” he said.

The Fund also performed well across other investment options over the past 12 months:

  • the Shares Plus option returned 7.91% (10.85% over the past 5 years, 11.02% over the past 10 years)
  • the Cash option returned 2.04% (2.35% over the past 5 years, 3.11% over the past 10 years)
  • the Conservative Balanced option returned 5.80% (6.92% over the past 5 years, 7.69% over the past 10 years)
  • the Growth option returned 7.18% (9.59% over the past 5 years,10.72% since inception).

Our Balanced super option was also recently named in the top 10 MySuper products listing produced by Industry Super Australia, based on data from APRA (the Australian Prudential Regulation Authority).

Our Investment Returns & Crediting Rates web page has full details of the 2018/19 crediting rates and those for prior periods.

* Disclaimer: Based on the 2018/19 financial year crediting rates, which is the return minus investment costs and taxes. Past investment returns are not a reliable indication of future returns.