What is State Super now called?
Website. www.aware.com.au. Aware Super is an Australian Industry Superannuation Fund. It is Australia’s second largest fund, with $130bn under management following the merger between First State Super, VicSuper and WA Super in 2020.
What happened to First State Super?
First State Super merged with VicSuper on 1 July 2020 to become one of Australia’s largest industry funds managing over $120 billion in assets and providing superannuation, advice and retirement solutions to those who teach, nurse, care, respond and help others in our communities.
How much do I need to retire?
Living on the minimum wage It estimates the amount of money you need (in savings or super) for a single or a couple living on the basics is $70,000. And if you want to live comfortably in retirement, as a couple you would need $640,000. If you’re a single person, it would be $545,000.
Who owns state super?
State Super is the Trustee of the State Authorities Superannuation Scheme (SASS), State Superannuation Scheme (SSS) and Police Superannuation Scheme (PSS). The assets of all schemes have been combined into the STC Pooled Fund.
Who owns aware superannuation?
Financial Services Australia Limited
StatePlus and First State Super will now share the brand Aware Super. To align with our new brand name, we have also changed our company name from State Super Financial Services Australia Limited (trading as StatePlus) to Aware Financial Services Australia Limited.
Is Aware Super Vic super?
We’ve completed the merger between VicSuper and First State Super (now called Aware Super), making us the second largest super fund in Australia. Our VicSuper brand continues to sit alongside Aware Super, and you’ll continue to be part of the VicSuper division of Aware Super.
How much super does the average Australian retire with?
The Association of Super Funds of Australia (ASFA) estimates the average superannuation balance required to achieve a comfortable retirement would be $640,000 for a couple and $545,000 for a single person, assuming they withdrew their super as a lump sum and received a part Age Pension.