First Super

First Super - Allocated Pension

No. of members: 51640
Fund size: $3.2b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 2008
Past 5-year return
New
Admin fee

$0

Calc fees on 50k

$570

SuperRatings awards
Past 5-year return
New
Admin fee

$0

Calc fees on 50k

$570

SuperRatings awards

Pros and Cons

Pros and Cons

  • 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.

Summary

First Super was established to service the retirement needs of members employed within the timber, furniture and paper industries. The fund is a public offer fund and allows members from all industries to apply for membership. First Super Allocated Pension requires a minimum initial investment of $10,000 to commence membership.First Super offers an investment menu of 4 Diversified options and a Cash option. The Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are higher than the industry average across medium and large account balances assessed. The fund does not apply a buy-sell spread, while the switching fee is nil for the first two switches each year and $30 for any subsequent switches.First Super Allocated Pension offers good pension flexibility, with members able to select from fortnightly through to yearly payment frequencies. Members may also select from binding and non-binding death nominations, as well as reversionary pensions.Members have access to a range of educational materials and financial planning services, as well as discounted banking products through ME Bank. The fund regularly conducts information seminars to ensure members are well informed on their retirement needs.

Features and Fees

First Super Fees and Features

    Pros and Cons

    • 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 was established to service the retirement needs of members employed within the timber, furniture and paper industries. The fund is a public offer fund and allows members from all industries to apply for membership. First Super Allocated Pension requires a minimum initial investment of $10,000 to commence membership.First Super offers an investment menu of 4 Diversified options and a Cash option. The Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are higher than the industry average across medium and large account balances assessed. The fund does not apply a buy-sell spread, while the switching fee is nil for the first two switches each year and $30 for any subsequent switches.First Super Allocated Pension offers good pension flexibility, with members able to select from fortnightly through to yearly payment frequencies. Members may also select from binding and non-binding death nominations, as well as reversionary pensions.Members have access to a range of educational materials and financial planning services, as well as discounted banking products through ME Bank. The fund regularly conducts information seminars to ensure members are well informed on their retirement needs.

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    First Super Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      GROWTH
      CAPITAL STABLE
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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