Advertisement
What the Researchers Say:

A "best value for money" superannuation fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

You should contact your financial adviser or this fund before making an investment decision.

  • Platinum
  • 10 Year Platinum Performance
Awards
Fund data valid as of November 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $87 $154 -$67
50k $397 $619 -$222
100k $742 $1,143 -$401

Investment Allocation

Intl shares 30.0%
Aus shares 26.0%
Alternative 24.0%
Fixed interest 10.0%
Cash 10.0%

Fees & Charges

Administration Fee ($) $52
Administration Fee (%) 0.15%
Investment Fee 0.54%
Switching Fee $25
Exit Fee $36
Account Size Discount No
Employer Size Discount No

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 759,501
Total Assets $55,353,731,000
Year Started 1992
Target Market NSW Government
Offered to Public? Yes
Fund Type Industry-Public Offer

Fund Highlights - provided by First State Super Employer Sponsored Division

Excellent value for money
Sound long term historical investment performance
Benefits associated with a large scale super fund
iPhone application
Fee for service financial planning available specifically tailored to First State Super members
Regular, targeted communication from fund via newsletters, seminars and online learning

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 4.23%
3.36%
1.60%
2.81%
9.90%
9.60%
13.32%
12.66%
16.19%
14.73%
0.16%
0.45%
Fund
Benchmark
High Growth 5.18%
4.97%
0.83%
0.68%
11.87%
11.66%
15.67%
15.76%
20.10%
20.40%
-1.68%
-3.15%
Fund
Benchmark
Conservative Balance 3.07%
2.24%
3.05%
2.82%
7.74%
7.28%
10.78%
9.64%
12.30%
11.26%
1.85%
1.87%
Fund
Benchmark
Diversified Fixed Interest -1.48%
-0.31%
5.94%
4.43%
4.83%
3.93%
6.06%
5.52%
3.50%
4.65%
10.74%
8.94%
Fund
Benchmark
Australian Shares 5.92%
5.63%
2.24%
1.50%
5.78%
5.70%
16.77%
16.77%
19.63%
21.07%
-6.21%
-6.15%
Fund
Benchmark
Overseas Shares 5.03%
5.22%
-1.27%
-2.30%
18.07%
19.16%
18.64%
17.63%
26.63%
26.14%
-1.67%
-2.45%
Fund
Benchmark
Capital Stable 1.97%
1.49%
3.46%
3.36%
5.69%
5.66%
7.36%
7.34%
7.78%
8.29%
3.35%
4.06%
Fund
Benchmark
Property -0.55%
1.41%
14.63%
12.55%
11.65%
10.78%
8.37%
9.09%
12.51%
10.99%
7.66%
7.12%
Fund
Benchmark
Cash 0.81%
0.72%
1.97%
1.90%
2.36%
2.25%
2.57%
2.42%
2.94%
2.94%
3.97%
4.04%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2016, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

First State Super is an industry fund that has been providing superannuation services to NSW public sector employees since 1992. The fund became public offer in 2006 and completed its merger with Health Super in 2012. Having achieved its 12th consecutive Platinum rating and been nominated as a finalist for the Super of the Year Award in 2014 and 2015, as well as the 2016 MySuper of the Year Award, First State Super continues to deliver excellent value to members.

Members have access to 12 Single sector and Diversified investment strategies, including 2 Socially Responsible options. The Growth option has performed in-line with the SuperRatings Index over the long term. Notably, the fund's High Growth option was the best performing SR50 Growth Index option in 2014 and 2015.

Fees for the Growth option are well below the industry average across all assessed account balances. However, transaction fees apply for investment switches and withdrawals.

First State Super's insurance offering is competitive compared to industry peers, which includes Death only, Death & TPD and Income Protection (IP) cover. The fund offers an Automatic Acceptance Limit (AAL) of $1 million for Death only, and Death &TPD cover. IP is available with 2 year, 5 year or to age 65 benefit periods, with a choice of a variety of waiting periods from 14 days to 90 days.

First State Super operates several member service centres around Australia, allowing members to engage with the fund in their local area. With increased scale following the acquisition of StatePlus, the fund continues to expand its advice capabilities and enhance retirement outcomes for its members.


Other Funds Promoted