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Showing 111 - 120 of 284 results for "FirstChoice"

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... Linda Elkins in particular. The action alleged CFS's implementation of the MySuper reforms for members of the FirstChoice Employer Super division was slow and the fund breached its duties to members. Maurice Blackburn said CFS failed to exercise ...

CFS awards Asian equities mandate

KRISTI CHENG  |  FRIDAY, 20 SEP 2019
... Equities, Chinese A-share Equities and Indian Equities. General manager of investments Scott Tully referenced CFS's FirstChoice Asian Share Portfolio, which "has a 12-year track record of generating strong returns by investing in the Asia Pacific ...

CFS trims corporate super distribution team

KANIKA SOOD  |  MONDAY, 12 AUG 2019
... handed redundancies to about seven distribution staff working on its corporate superannuation offering as inflows into FirstChoice Employer stall. The departures - all business development managers - come as FirstChoice Employer's net assets stagnate ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... income came from CFS, which contributed $862 million, up $21 million or 2%. This was driven mainly by growth in the FirstChoice and CFSWrap platforms, which had $94.3 billion and $32.4 billion in funds under administration respectively. Commonwealth ...

CFS taps senior Qantas Super executive

KANIKA SOOD  |  MONDAY, 3 JUN 2019
... office of the trustee supports the boards responsible for CFS's superannuation and investments products, including FirstChoice and FirstWrap. It acts as a representative of CFS's superannuation trustee boards to promote fiduciary governance and ...

Colonial First State removes funds

KANIKA SOOD  |  TUESDAY, 30 APR 2019
Colonial First State is removing nine funds from its FirstChoice Investments menu following weak investor appetite. The removed funds include Acadian Global Managed Volatility Equity, Franklin Templeton MultiSector Bond, Milliman Managed Risk Australian ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
... fees, in a move it says will save $68 million in annual fees for 500,000 members. The fee reductions apply across its FirstChoice Wholesale, FirstChoice Employer Super and FirstWrap Plus platforms. They are effective from June. The cuts will deal a $45 ...

Colonial First State hires retail sales head

KANIKA SOOD  |  THURSDAY, 28 FEB 2019
... Chun said. "He will be a great addition to the business and as head of retail sales will lead the distribution of FirstChoice and FirstWrap." Colonial First State has two super/pension/managed investments platforms: FirstChoice ($90 billion) and FirstWrap ...

Best in show, but for how long?

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
... AustralianSuper, Statewide Super, Local Government Super, Club Plus, Media Super, NGS Super and CareSuper would make the grade. FirstChoice Employer would be the lone retail fund on the list. This is assuming it is three-year returns the expert panel ...

CFS tops up Morgan Stanley mandate

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... employer super's lifestage options. Morgan Stanley's Total Return Strategy is now managing $134 million for the FirstChoice Employer Super LifeStage funds, as at November end. The mandate was appointed on October 17. CFS says it made the change ...