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First Super - Industry

Past 5-year return
10.00%
Admin fee
$141
Calculated Fees on 50k
$566
No minimum initial investment.
Low fee structure.
Regular free employer and employee seminars.
Financial planning service offered.
Members are given access to low cost banking products such as credit cards and home loans.
2 free switches per financial year.
Death, Total and Permanent Disablement and Income Protection insurance available.
First Super Industry is a MySuper compliant fund that was established in 2008. Founded upon serving members from the timber, furniture and paper industries, the fund is now available to members across all industries.Members who wish to make an investment choice can select from four diversified strategies and a cash option. The MySuper Balanced option is the fund's default strategy and has exhibited performance in-line with the SuperRatings Index over the five years to 30 June 2017.Fees for First Super are lower than the industry average across all assessed account balances. No switching fee is incurred for the first two investment switches, although exit fees will apply for transfers out of the fund.A full suite of insurance is available, with all members receiving four units of Death and TPD cover; each unit is dependent on age. Income Protection of up to 85% of salary (including super contribution) will also available to eligible members. Members may select from 30, 60 or 90 day waiting periods.The FirstOnline facility provides members with the ability to view account transactions, change beneficiaries and update personal details. The fund also offers discounted banking products through ME Bank as well as access to financial planning services.

Fees & fund features

Admin fee
Admin fee
$141
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
0.13%
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
$141
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
0.13%
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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