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First Super - Allocated Pension

Past 5-year return
11.13%
Admin fee
$0
Calculated Fees on 50k
$595
Low fees.
Significant member education functions.
Low cost financial planning.
Members are given access to low cost banking products such as credit cards and home loans.
5 investment options available.
Reversionary, binding lump sum and non-binding lump sum death benefit nominations available.
First Super was established in July 2008 as a result of the merger between the Timber Industry Superannuation Scheme (TISS), the Furniture Industry Retirement Superannuation Trust (FIRST) and the Pulp & Paper Workers Superannuation Fund (PPWSF). A minimum initial investment of $10,000 is required to be eligible for this product.Members have access to a simple investment menu, consisting of 4 Diversified options and a Cash option. The fund's Balanced option has outperformed the SuperRatings Index in the short and long term.Fees are competitive and lower than the industry average across small and medium account balances assessed. Fees do apply for withdrawals and investment switches, however members can make 2 free investment switches and 1 free lump-sum withdrawal per year.First Super provides good product flexibility. Members are able to select from 5 pension payment frequencies, including a fortnightly option, with payments made directly to the member's nominated bank account. Members can nominate a drawdown strategy or have their pension payments drawn proportionately from their account.Discounted banking products and financial planning services are available and members are also able to carry out account transactions through firstonline.

Fees & fund features-0

Admin fee
Admin fee
$0
Exit fee
Exit fee
$75
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.81%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$0
Exit fee
Exit fee
$75
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.81%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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