First Super

The ASIC report into death benefit claims revealing the devastating impact of poor industry practices on grieving Australians has again highlighted the pressing need for change. While some funds have taken up the cudgels, others are still playing hardball on improving their service offering.

A number of small super funds are up in arms about new proposed increase to APRA’s supervision levies, which would see a $7 billion fund pay the same amount as one managing $355 billion.

First Super inhabits a world of giants, but it’s not considering a merger and it’s not sweating its size. That doesn’t mean it’s not “chronically anxious” about performance and costs.

Some of super’s best performers this year are also its smallest, and new research from Frontier finds that asset allocation is more influential than size and scale when it comes to generating alpha.