First State Super

Overview

We are a super fund that is dedicated to helping our members achieve a better financial future. As a profit for member fund, any profit we make is used to improve the benefits and services provided to members.

As one of Australia's largest super funds, we have the size and scale to provide members with security, competitive fees and premiums, and access to unique investment opportunities.

Our goal is to deliver sustainable long-term returns and our size allows us to invest in a way that makes a positive impact in the communities in which our members live, work and retire.

Our members are teachers, nurses and emergency service workers - the carers in our communities. They have a strong sense of social responsibility, and it is a privilege to be the super fund that helps them achieve a better financial future.

In 2017 our personal superannuation product won the Canstar Five Star Award for Outstanding Value.

Visit us at www.firststatesuper.com.au/feelfutureready

Year Established

1992

Fund Value

$60 billion

Fund Membership

770,000

Key Features

  • Profit for member fund operated solely for the benefit of members.
  • Great value, with no entry or ongoing contribution fees.
  • A range of 12 investment options (including two socially responsible options) offering competitive returns. The Growth option (default) is a top 50 Rainmaker performer.
  • All investment options have been divested of companies that manufacture cigarettes and tobacco products.
  • Member information is readily accessible whenever and however members want - online, over the phone or face to face via our 25 (and growing) member service centres and appointment locations.
  • Flexible insurance options, with death, TPD and income protection cover available for eligible members.
  • Comprehensive financial education program including regular regional and workplace seminars as well as educational guides and calculators online.
  • All information is provided in plain English to help members understand their super.
  • Transition to retirement and retirement income stream products available.
  • Full range of advice services from single issue phone advice at no additional fee, through to fee-based comprehensive advice provided by First State Super Financial Services Pty Ltd ABN 37 096 452 318, AFSL 240019.
  • Advice can include investment decisions, transition to retirement, insurance, estate planning and aged care services.

Investment Option Descriptions

Investment Option Names Description
High Growth Aims to achieve high long-term real (above inflation) investment growth with a target return of 4% pa above inflation over 10-year periods, net of tax and fees.
Growth Aims to achieve high long-term real (above inflation) investment growth with a target return of 3.75% pa above inflation over 10-year periods, net of tax and fees.
Diversified Socially Responsible Investment Aims to achieve high long-term real (above inflation) investment growth with a target return of 3.75% pa above inflation over 10-year periods, net of tax and fees.
Balanced Growth Aims to achieve medium-term real (above inflation) investment growth with a target return of 2.75% pa above inflation over 10-year periods, net of tax and fees.
Conservative Growth Aims to achieve consistent returns with an emphasis on income assets with a target return of 1% pa above inflation over 10-year periods, net of tax and fees.

Investment Option Performance

Investment Option Names** Growth Asset Weighting*** 1 year 3 years 5 years
High Growth 95% growth & 5% income assets 14.5% 8.6% 11.2%
Growth 75% growth & 25% income assets 12.3% 7.6% 9.6%
Diversified Socially Responsible Investment 75% growth & 25% income assets
9.5%

6.4%

8.8%
Balanced Growth 55% growth & 45% income assets 9.5% 6.6% 8.0%
Conservative Growth 30% growth & 70% income assets 5.9% 5.0% 5.7%

Performance to 31 March 2017

Insurance Options Available

Death, Death/TPD, Income protection.

Extra Benefits Available

Financial planning, seminars, online statements, online switching, BPAY, online insurance application and transfer of existing cover, online account details including transaction details, email newsletters, retirement products, salary sacrifice/after tax contribution calculator and Transition to Retirement calculator on the website.

Member Communications

Monthly to quarterly member email newsletters, 6 monthly member reports; membership booklets; educational brochures & flyers, monthly investment performance and daily unit prices available on website.

Fees & Charges

Fees
Withdrawal fee $36
Management Cost - Member fee ($ per week/annum) $52 per year plus 0.15% p.a. of account balance
Management Cost - Investment fee (% p.a.) 0.07% to 1.03%
Switching fee No charge for the first switch in a financial year, $25 per subsequent switch.
Other fees Application for information under Family Law Act $110.
Splitting an account $88.
No-TFN tax recovery fee $100.

Service Providers

Service Providers
Administrator Mercer Administration Services (Australia)
Asset Consultants Willis Towers Watson
Auditors Deloitte; KPMG
Custodian State Street Australia Limited
Insurer TAL Life
FUND VALUE
$60 billion
Member Telephone
1300 650 873
Member Fax
1300 722 072
Address
Level 21, 83 Clarence Street, Sydney NSW 2000
Member Email
enquiries@firststatesuper.com.au
Website
www.firststatesuper.com.au
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