Fact Sheet
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Choosing the right super fund is an important decision
because it could have a big influence on the amount
of money and lifestyle you’ll have in retirement.
YS U P E R
• M
A
Great reasons
to choose us
6 460 36
5
So to help you make your decision, we’ve worked with superannuation research company Chant West to gather
some facts on a selection of super funds, including First State Super. See table over the page.
And if you’re thinking about changing funds, make sure you have all the facts before making your decision.
Here are a few features and benefits that we think give us a competitive edge.
Key features
55Authorised for MySuper – First State Super is authorised
55Income streams – our income stream products let you
stay with us when you retire permanently or make the
transition to retirement. You can easily transfer your super
account balance into one of these products when you retire.1
to offer a MySuper product in the fund. The fund meets
the MySuper standards for fees and costs, investment
options, insurance and member communication.
55Low fees – we keep fees as low as possible and work
55Online information – latest fund updates, investment
55Size and strength – we’re one of Australia’s largest
55Financial planning – you have access to financial advice
performance and access to your account are available on
our website, including calculators to help you to plan and
manage your super, fund forms and documents.
hard to provide value-for-money insurance benefits.
Keeping costs down can make a big difference to your
super balance at retirement.
through a flexible fee for service model. You only pay for the
service you need and use. If the advice relates to your super,
it may be possible to have the fees deducted directly from
your account.
super funds, providing superannuation, insurance
and retirement benefits to members throughout their
working lives and retirement.
55Wide range of investments – we offer a range of
investment options so you can choose the one that best
suits your needs.
55Insurance cover – when you become a member, you have
access to flexible insurance benefits and options.
1
Best of all, your membership is portable, so you can stay with us even if you change jobs.
Interests in the First State Super income stream are issued by FSS Trustee
Corporation. Before making a decision about acquiring a First State Super
income stream you should consider the Member Booklet for income
stream members available from our website and from customer service.
If you’re comparing
funds, make sure
you’re not missing
out on any of these
important benefits
Module 1.2 | About | Great reasons to choose us
1
Great reasons to join us continued
Let’s compare
Criteria
Comparing super funds can be a complicated exercise. So with
the help of Chant West, we’ve done some of the hard work for you.
The table shows the fees and returns of a range of industry and
retail funds. You can see that a member in a low-fee fund like
First State Super could save quite a bit compared to someone in
a high-fee fund.
Of course, fees aren’t the only factor. You need to consider all
the services that your fund provides when you are comparing
funds. But a lower fee can certainly make a big difference. Most
importantly, if you are considering changing funds, you should
check whether any exit fees or penalties will apply, and whether
there will be any impact on your insurance cover.
Access to professional advice
As a First State Super member, you have access to a range
of financial planning services, from simple telephone
advice through to a comprehensive financial plan.
You choose the level of service you want, depending on
your needs.
For more information, call 1300 650 873.
First State
Super
AMP Flexible
Super
Member fee
0.12
0.29
Administration
0.18
0.00
Investment (* = includes admin fee)
0.54
1.49*
Total Fees & Costs (%)
0.84
1.78
419
891
Fees & Costs (% pa)2
Total Fees & Costs ($)
Based on a $50,000 balance
Returns (% pa)3
See note 3
1 Year to December 2016
7.4
6.9
3 Years to December 2016
6.7
7.8
5 Years to December 2016
10.2
10.7
7 Years to December 2016
7.6
7.9
10 Years to December 2016
5.2
4.6
75 / 25
73 / 27
12
100
Strategic Asset Alloc. (%)4
Multi-manager growth option
Keeping costs down can
make a big difference
to your super balance
at retirement.
Investment Options (includes
single & multi-manager options)
Source: Chant West Pty Limited (www.chantwest.com.au)
Notes 1.The products included in this survey are First State Super, AMP
Flexible Super – Choice, AustralianSuper, BT Super for Life,
Colonial First State FirstChoice Wholesale Personal Super, HESTA,
Macquarie Super Manager, MLC MasterKey Super Fundamentals,
PSS accumulation plan and QSuper Accumulation Account.
2.Fees and costs are estimates and meant as a guide only. They are
based on publicly available information and discussions with
each provider. Investment fees and costs are based on the latest
information available (including estimated performance fees) for
the multi-manager option with 61-80% growth assets which, for
employer-sponsored products, is generally the MySuper option.
For First State Super, the member fee of 0.12% is derived from the
annual fee of $52 being applied to the assumed account balance
of $50,000, adjusted for tax and rounded down. The amount will
vary from 0.12% depending on the actual account balance. An
additional administration fee of 0.15% pa, 0.18% pa adjusted for
tax, is also included.
2
Module 1.2 | About | Great reasons to choose us
Comparison of Superannuation Products by Fund1 March 2017
Based on account balance of $50,000
AustralianSuper
BT Super
for Life
CFS
Wholesale
HESTA
Macquarie
MLC
Fundamentals
PSSap
QSuper
0.18
0.12
0.00
0.16
0.00
0.00
0.12
0.00
0.00
0.55
0.28
0.09
0.77
0.40
0.00
0.20
0.64
0.51
0.88
0.75
0.88
0.92
0.82
1.18
1.16
1.00
1.65
1.32
0.85
0.75
412
590
580
499
825
660
425
375
0.73*
0.55
See note 3
8.2
4.8
6.8
8.4
7.4
6.9
5.8
7.9
8.3
5.1
6.7
7.6
6.6
7.2
7.3
9.2
11.0
9.2
9.9
10.3
10.1
10.2
9.8
10.3
8.5
6.8
7.2
8.3
7.3
7.7
7.6
8.5
5.8
n.a.
n.a.
5.6
4.6
5.0
5.2
6.0
69 / 31
63 / 37
70 / 30
71 / 29
72 / 28
69 / 31
56 / 44
65 / 35
15
11
143
11
598
46
4
19
Disclaimer©
3.The performance shown for all the products is for the multi-manager
growth option (options with growth assets between 61% and 80%),
of which First State Super’s Growth strategy is an example. Prior to July
2012, the asset-weighted performance of First State Super’s Diversified
option has been merged with Health Super’s Medium-Term Growth
option. The returns shown above are after tax and investment fees but
before administration fees. The returns and strategic asset allocation
shown for AMP Flexible Super are for the closed Future Directions
Balanced option that is similar to the new multi-manager growth
option, Professional Balanced, for which there is no return history.
The returns for Macquarie are for the Russell Balanced option and the
returns for QSuper are for its Balanced option as its MySuper options
are relatively new. It is important to remember that past performance
is not an indicator or guarantee of future performance..
4.Based on the percentages of growth assets and income assets.
For important information about this comparison, refer to the disclaimer.
This table has been prepared by Chant West Pty Limited (ABN 75 077 595 316)
1997–2017. You may only use this table for your own personal, non-commercial
use. This table may not be copied, reproduced, scanned or embodied in any
other document or distributed to another party unless you have obtained the
prior written consent of Chant West to do so.
The information above is based on data supplied by third parties. While such
data is believed to be accurate, Chant West does not accept responsibility for any
inaccuracy in such data. The products, reports and ratings do not contain all of the
information that is required in order to evaluate the nominated service providers,
and you are responsible for obtaining such further information.
The data provided by Chant West does not constitute financial product advice.
However to the extent that this data may be considered to be general financial
product advice, Chant West warns that: (a) Chant West has not considered
any individual person’s objectives, financial situation or particular needs; (b)
individuals need to consider whether the advice is appropriate in light of their
goals, objectives and current situation; and (c) individuals should obtain a
Product Disclosure Statement from the relevant fund provider before making
any decision about whether to acquire a financial product from that fund
provider. A Financial Services Guide has been made available by Chant West
through its website at www.chantwest.com.au.
Past performance is not an reliable indicator nor a guarantee of future performance.
firststatesuper.com.au | Call 1300 650 873 | Email [email protected]
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Great reasons to join us continued
You have access to a dedicated
financial planning service that
provides a range of financial
planning services.
Don’t forget...
55You can stay with First State Super wherever you work
55You don’t have to leave First State Super when you
retire
55First State Super is open to anyone eligible to join a
super fund
For more information 
visit our website
firststatesuper.com.au/compareus
We’re here to help!
Super can be quite complicated and sometimes you just
want to know that you’re making the right decisions.
Because the right decisions about your super can make a
real difference to your financial future.
So if you’ve got any questions, or you just want the comfort
of knowing you’re on the right track, why not give us a call?
We can answer simple questions over the phone, or if your
situation is more complex, we can prepare a full financial
plan. It’s all up to you, no obligation, just call 1300 650 873.
Service and advice
Phone 1300 650 873
Fax 1300 722 072
Email [email protected]
Web firststatesuper.com.au
Post PO Box 1229
Wollongong NSW 2500
This is general information only and does not take into account your
specific objectives, financial situation or needs. You should consider
the Member Booklet (Product Disclosure Statement) for the product
you hold or intend holding before making any decisions. Call us on
1300 650 873 for a copy, free of charge, or visit firststatesuper.com.au.
FSS Trustee Corporation (FTC) ABN 11 118 202 672, AFSL 293340, the
trustee of the First State Superannuation Scheme (First State Super)
ABN 53 226 460 365.
Module 1.2 | About | Great reasons to choose us
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M1.2_GREATREASONS_05/17
Financial planning advice is provided by First State Super Financial
Services Pty Ltd ABN 37 096 452 318, AFSL 240019.