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Showing 11 - 19 of 19 results for "FirstChoice Super"

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
Commonwealth Bank is set to offload 55% of Colonial First State to a $335 billion global investment firm. Announced to the ASX this morning, CBA has entered an agreement to sell 55% of CFS to private equity firm KKR. CBA said the transaction implies ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... of this it continued charging those members higher fees," he said. The class action relates to members of the FirstChoice Super fund. Slater and Gordon said CFS had the power to transfer existing FirstChoice Super members into identical products with ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... its cash option. In September 2017, at the time of the 19th update, CFS' final transfer of the 7000 ADAs in FirstChoice Super occurred - it was scheduled to happen in May 2017. Following this, CFS sent an EY remediation report to APRA and the case was ...

SMSF rollovers hit $8 billion

DARREN SNYDER  |  MONDAY, 8 MAY 2017
... the largest outflows to SMSFs, by dollar value, included Macquarie Superannuation Plan, Colonial First State FirstChoice Super Trust, AMP Superannuation Savings Trust, MLC's Universal Super Scheme and Plum Superannuation Fund, ANZ's OnePath Masterfund ...

Super changes spark engagement

DARREN SNYDER  |  TUESDAY, 10 JAN 2017
... State is reporting a surge in super contributions through the final months of 2016. Voluntary contributions to FirstChoice Super rose sharply in November, up 25% on contributions made in October, and about 20% higher than November 2015. Colonial First ...

Divestment integral for better returns

KERRIE SYDEE  |  THURSDAY, 14 APR 2016
Australian investors should be questioning their investments in fossil fuel stocks following the collapse of Peabody, according to Market Forces. The financial activist group said the long-expected bankruptcy of Peabody should serve as a "cautionary ...

Lifecycle funds startlingly varied

MARK SMITH  |  MONDAY, 25 JAN 2016
... not-for-profit (NFP) segment. The largest of the retail offerings are BT Super For Life Mysuper, Mercer SmartPath and CFS FirstChoice Super. The largest NFP versions are provided by First State Super, QSuper and Sunsuper. Looking deeper, Rainmaker found ...

Colonial launches new initiatives in response to choice

Colonial will be launching a contribution splitting and direct credit facility in response to addressing administration burdens from the up coming choice of fund legislation. The FirstChoice SuperSplit -contribution splitting facility is aimed to address ...

CFS FirstChoice super storms through $200 million mark

The well-received Colonial First State (CFS) FirstChoice Employer Super has reached another milestone for its 14-month existence, banking $100 million in funds under management in the past five months, and bringing the FUM total to $200 million. CFA ...
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