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Showing 11 - 20 of 36 results for %22Colonial First State FirstChoice Superannuation Trust%22

CFS drops admin fees on FirstChoice Employer Super

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
Colonial First State yesterday said it will drop the administration fees on its FirstChoice Employer Super products from, ahead of the Your Future, Your Super test results today. Effective October, CFS will charge FirstChoice Employer customers 30bps ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
Big names like Colonial First State's FirstChoice, BT Super and Christian Super are among the 13 superannuation funds that failed APRA's inaugural performance test. In all, APRA tested 76 MySuper products in this round, of which 13 failed. This ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... division and Asgard employee MySuper ((15bps improvement each), Prime Super and Colonial First State FirstChoice Superannuation Trust (14bps imporvement each) and AMG Super (10bps). Funds whose MySuper products will see less than 10bps improvement are ...

Colonial Super Retirement Fund rejigs managers

KANIKA SOOD  |  WEDNESDAY, 3 MAR 2021
... according to APRA's trustee-level data. The biggest of the three was the Colonial First State FirstChoice Superannuation Trust with $77.3 billion in assets, followed by Colonial First State Rollover & Superannuation Fund ($2.5 billion) and Colonial ...

Bad year for super funds

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... year, resulting in nearly 76% of the funds reporting negative net earnings. Colonial First State FirstChoice Superannuation Trust had the lowest net earnings for FY20 at about -$2.7 billion. About 36 funds posted negative net earnings of $100 million ...

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... investment period are: BT Funds Management's Asgard Employee, BT Super and Westpac Group Plan (lifecycle) Colonial First State Investments' FirstChoice Superannuation Trust lifecycle (lifecycle) AUSCOAL (lifecycle) EISS Super AMP's AFLPA ...

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 ...

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... the impact of the changes for advisers and the challenging environment that everyone is facing." Meanwhile, Colonial First State general manager, advice relationships Bryce Quirk wrote to advisers on 3 March 2020 to let them know grandfathered commissions ...

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

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
Slater and Gordon has filed a second class action against Colonial First State for allegedly charging excessive superannuation fees to fund outgoing commissions paid to financial advisers. The class action is on behalf over 500,000 Australians and is ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Thousands of MySuper account holders with Colonial First State will pursue legal action against the fund. Maurice Blackburn Lawyers today filed a class action against CFS in relation to alleged breaches of super trustee duties that it said have caused ...