Keeping our members and clients up-to-date with information as it comes to hand as we all face an unprecedented challenge.
2 June, 2020: Re-opening optimism, a dominant theme for markets
As global Coronavirus lockdowns are eased, re-opening optimism continues to be a dominant theme for markets.
1 June, 2020: An update on insurance through super
For our members who have automatic default insurance cover included in their super, we would like to confirm that there are no exclusions for the payment of death or disability insurance benefit as a result of a pandemic.
21 April, 2020: What you need to know about accessing your super early
The Government is allowing eligible Australians to access their super early if they’ve been severely financially impacted by COVID-19. There are a number of things to consider before applying. Most importantly, you need to check the current balance on your account so you know how much you can withdraw. The best way to check your current super balance is with your super fund directly – with us that’s through the app or by logging into your account online. The amount displayed on MyGov will be your balance as at 30 June 2019, which will be incorrect.
For more information on early access to super read our and article.
16 April 2020: Minimum pension limits reduced to help preserve retirement savings
The Government is temporarily reducing the superannuation minimum drawdown requirements by 50%, as part of its Coronavirus Stimulus Package. Members with a Retirement Income Stream account (RIS) or a Transition to Retirement Income Stream account (TRIS) will have their minimum drawdown payment limits halved for the 2019-20 and 2020-21 financial years.
8 April, 2020: COVID-19 and accessing super early
The Government is allowing eligible people, experiencing financial stress due to COVID-19, to access up to $20,000 of their superannuation early. While we understand that the measure is designed to support people in financial hardship, there are some unintended consequences for your super balance and insurance to consider.
1 April, 2020: We’ve launched a new webinar super series to continue to support you.
Our first topic, Investing in uncertain times, will cover how super has been affected by the recent market volatility and what your options are.
Members and non-members are welcome to join our free 30-minute session.
Security announcement: We would never contact you to ask you for the password to your super account. Please do not share your password with anyone and be very cautious about emails or calls you receive about early access to your super.
25 March, 2020: Message from our CEO, Deanne Stewart
25 March, 2020: Your investments questions answered
In this series of videos our CEO, Deanne Stewart talks to our Chief Investment Officer who provides an update on what we're seeing in the markets, what this means for your super and how the investments team is responding.
23 March, 2020: Frequently asked questions about market volatility
The recent spike in market volatility has created a challenging environment for our members, investors and the wider superannuation industry. Many concerned members are calling us with questions. However, this is creating extended waiting times.
Past performance is not a reliable indicator of future performance. This information has been prepared by First State Super Investments on behalf of FSS Trustee Corporation ABN 11 118 202 672 AFSL 293340, trustee of the First State Superannuation Scheme ABN 53 226 460 365. ↩