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Showing 31 - 40 of 229 results for %22CFS Superannuation%22

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... pay $20 million for misleading members in its FirstChoice Fund. The fine follows the court's decision in September that CFS had misled members on almost 13,000 regarding investment decisions, possibly deterring them from moving to a cheaper MySuper ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... ensure that our MySuper products not only meet the benchmark test next year but outperform it in the long run," CFS Superannuation chief executive Kelly Power said. "This is our top priority to make sure that both MySuper products feature in the top ...

OnePath tops Fat Cat super fund list

KARREN VERGARA  |  FRIDAY, 8 OCT 2021
... test revealed that AMG's MySuper option failed to meet its standards, together with offerings by EISS Super, BT Super and CFS.

CFS reduces premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... technology, underwriting and claims management capabilities when compared with the other proposals we received," CFS Superannuation chief executive Kelly Power said. "The reduction in insurance premium for almost 220,000 customers is another example ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... months later, in July 2020, APRA imposed licence conditions on CFSL [which continue and were for separate matters, according to CFS]. The court documents state that CFS sent 12,911 letters to FirstChoice members with misleading representations about ...

MySuper continues stellar performance

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
... markets. CBA's Essential Super is best-performing lifecycle MySuper product across the most age cohorts, followed by Mine Super, CFS FirstChoice Employer and Telstra Super. Rainmaker's Retail MySuper Index has again outperformed the Not-for-Profit MySuper ...

CFS drops admin fees on FirstChoice Employer Super

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... 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 and a flat fee of $10 per year for administration. It is currently $60 per ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... already moved to improve member outcomes. Four funds have already announced firm or planned mergers with passing funds, while CFS FirstChoice yesterday announced a fee cut. BOC is merging with Equipsuper, EISS is exploring a merger with TWU, LUCRF is ...

CFS appoints risk chief from MLC

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
... with MLC Wealth's former chief operating officer stepping into the role. Anthony Lane starts as group chief risk officer at CFS today. He was chief operating officer and chief risk officer at MLC Wealth for two years. In that role, Lane led a team of ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... employee-related remediation. The bank is juggling a number or class actions. It is defending itself against four superannuation class actions that involves Colonial First State Investments (CFSI). The advice class action relates to Commonwealth Financial ...