First Super - MySuperInformation shown is for the balanced option.
What the Researchers Say:
A "reasonable value for money" fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.
You should contact your financial adviser or this fund before making an investment decision.
|Balance||This Fund||Industry Average||Difference|
Fees & Charges
|Administration Fee ($)||$78|
|Administration Fee (%)||0.05%|
|Account Size Discount||No|
|Employer Size Discount||No|
|Financial Planning Service|
|Non-lapsing Binding Nominations|
|Insurance Life Event Increases|
|Long Term Income Protection|
About this Fund
|Target Market||Timber, Furniture & Paper Ind.|
|Offered to Public?||Yes|
Fund Highlights - provided by First Super - MySuper
Investment Option Performance
|Asset Allocation Category||FYTD||FY 2015||FY 2014||FY 2013||FY 2012||FY 2011||Comparison|
- 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 30/06/2015, 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.
Percentage of Growth Assets
What the researchers say
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). The fund is focused on workers in the timber and furniture industries, however membership is open to all Australian residents and the Fund is MySuper authorised.
The default First Super MySuper option is a rebadged version of the existing Balanced option. The Balanced option has underperformed the SuperRatings Index in the short and long term. Choice members also have access to an additional 3 Diversified options and a Cash option.
Fees are competitive and lower than the industry average across all account balances assessed. Fees apply for withdrawals and investment switches, however members can make 2 free investment switches per year.
A full suite of insurance is available to members. Automatic Death & TPD cover of 4 units is provided to all members, with the amount dependent on their age. Income Protection (IP) insurance covers up to 85% of salary, with a choice of 30, 60 or 90 day waiting periods.
Discounted banking products and financial planning services are available and First Super provides members with the ability to view account transactions through the firstonline facility.