On this page
FirstWrap Plus Super Pension was established in 2002 to provide for the retirement needs of members from a wide range of industries. FirstWrap Plus Pension provides access to managed accounts, more than 400 managed funds and other unlisted investments. The FirstChoice Wholesale Moderate option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2020; however, the extensive investment menu means returns will vary depending on the option and manager selected.Fees are higher than the industry average across all account balances assessed; however, there is no switching fee or buy-sell spread. A minimum account balance of $20,000 is required and a minimum 0.5% of the value of the account plus the value of any group insurance premiums due over the next two months must be held within cash account.FirstWrap Plus Pension offers good pension flexibility, with members able to select from weekly through to yearly payment frequencies. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Members can also select from reversionary pensions, non-lapsing nomination and non-binding lump sum death benefits.Members can access account information online via firstwrap.com.au. The fund offers a range of online tools and education resources to ensure members are well informed.
Pension fund overview
For FirstWrap Plus Pension
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment option performance
Popular pension funds products
AMG Super - Account Based Pension Balanced
5 managed and 6 sector specific options as well as over 50 managed funds at wholesale rates.
Direct access to direct equities for members.
Same fee structure as the employer and personal products but no tax rebate available.
Online access to all transactions and investment performance.
AMIST Pension Balanced
Affinity with members and employers.
Choice of 7 investment options.
Comprehensive and complete financial advice.
AMP Flexible Lifetime - Allocated Pension AMP Balanced Growth
A wide range of over 60 investment options from leading Australian and International investment managers plus Term Deposits on the menu
Pension refresh facility & super consolidation account
Fee rebates available on large account balances
Family linking available to further enhance admin fee rebates