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Time to think ahead

Time to invest     Time to think ahead     News & Media     

Quiz: how financially literate are you?

February 28th, 2019

The final report from the banking royal commission has shifted focus to the financial literacy of everyday Australians, and how banks may have historically taken advantage of a general lack of knowledge. It’s estimated that less than half of the country’s population has a basic knowledge of finance, and how it all works. In 2016, […]

Time to invest     Time to think ahead     News & Media     

Ask the experts: 2018 was a rough ride on the markets. Should I worry about my super?

February 28th, 2019

Corporate espionage, political power plays, and the ever-present threat of climate change made 2018 a whirlwind year for stock markets, buffeting super funds and stifling their returns. The average balanced super fund option finished 2018 with a flat return, and several had month-on-month dips into negative territory. That left many fund members understandably concerned about […]

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Banking royal commission verdict: bad behaviour rife

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 […]

Time to enjoy     Time to invest     Time to think ahead     News & Media     

Research shows strengths of not-for-profit super

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 […]

Time to enjoy     Time to invest     Time to think ahead     News & Media     

Investment update

February 27th, 2019

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 […]

Time to enjoy     Time to invest     Time to think ahead     News & Media     

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 […]

Time to think ahead     News & Media     

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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How to review your insurance inside super

November 15th, 2018

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 […]