Aware Super Review

fees and investment returns

Aware Super, originally known as First State Super, was established in 1992 to provide superannuation benefits for New South Wales government employees. After several mergers, including with VicSuper and WA Super, it was rebranded as Aware Super in 2020. With over $190 billion in assets under management and more than 1.1 million members, Aware Super is now one of the largest superannuation funds in Australia.

We review Aware Super's performance, fees, investment options, and how it compares to Stockspot. Stockspot's Super product offers a transparent, low-cost alternative for investors who prefer ETFs and automated portfolio management to grow their retirement savings.

Who is Aware Super?

Aware Super is an industry superannuation fund, open to all Australians. It operates on a not-for-profit basis, returning profits to members instead of shareholders. With a history dating back to its origins as First State Super, Aware Super now manages more than $190 billion in retirement savings for over 1.1 million members.

  • What was Aware Super called previously?
    Before rebranding as Aware Super in 2020, the fund was known as First State Super.
  • How big is Aware Super?
    Aware Super manages over $190 billion in assets, and is one of the largest superannuation funds in Australia.

All figures are accurate as at 30 June 2025 unless otherwise stated.

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Aware Super vs Stockspot Super

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Discover the power of low-cost index investing with Stockspot Super

An ETF-only super product with personalised advice that's tailored to your age. Stockspot Super is offered as the Stockspot MDA on Super Simplifier.

If you're looking for an alternative to traditional pooled super funds, Stockspot plans to offer Australia's first ETF-only super product. With its focus on low-cost indexing, it aims to provide a more transparent, tax-efficient, and tailored investment approach that aligns with your age.

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Frequently asked questions

Who owns Aware Super?

Aware Super is a member-owned, not-for-profit industry superannuation fund. It was formed through the merger of First State Super, VicSuper, and WA Super.

What does Aware Super invest in?

Aware Super offers a diverse range of investment options, including:

These investment options help AustralianSuper provide a well-diversified portfolio tailored to the needs of its members, supporting long-term growth and retirement savings.

What was Aware Super called before?

Aware Super was previously known as First State Super before its rebranding in 2020.

How many members does Aware Super have?

Aware Super serves over 1 million members, making it one of the largest superannuation funds in Australia.

What is Aware Super Theatre?

Aware Super sponsors the Aware Super Theatre at the ICC Sydney. The Aware Super Theatre capacity is 8,000 seats, and it regularly hosts world-class events. Aware Super Theatre photos showcase its impressive design and facilities, making it a premier venue in Sydney.

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