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Showing 41 - 50 of 100+ results for "FirstChoice"

The platforms with the most advisers

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
Colonial FirstChoice remains the platform used by the most advisers, with about 11% market share, according to latest Rainmaker estimates. CBA's platform is used by 9835 advisers and 1085 Australian financial services licence. It is followed by ...

CFS super distribution lead joins Allianz Retire+

JAMIE WILLIAMSON  |  WEDNESDAY, 9 SEP 2020
... today," Rady said. Thornton joins Allianz Retire+ from Colonial First State where he led the distribution efforts for FirstChoice Employer Super and Commonwealth Bank's Essential Super for three years. He also served as head of distribution strategy ...

Colonial First State cops licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
... The Royal Commission formed the view that CFSIL's decisions not to bring the migration of certain cohorts of its FirstChoice members into MySuper products forward from just prior to the legal deadline, and to grandfather certain fee arrangements ...

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
... conduct, it said. The transaction is expected to complete in the first half of 2021. This week APRA reported the CFS FirstChoice Superannuation Trust paid out more than $180 million to 22,529 members as part of the early release of super scheme to May ...

Colonial First State closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... securities," it said. The wealth manager has also terminated the investment options in Wholesale Mezzanine (Class A) and FirstChoice Wholesale Investments, effective March 23. Options in its FirstChoice Wholesale Personal Super and FirstChoice Wholesale ...

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... advisers on 3 March 2020 to let them know grandfathered commissions would be turned off on managed investment funds and FirstChoice Employer Super. AIOFP executive director Peter Johnston told Financial Standard : "We find it bizarre that advisers and ...

Multi-asset results mixed in COVID-19 sell-off

ALLY SELBY  |  WEDNESDAY, 1 APR 2020
... protection through the purchase of AUD/USD put options." Meanwhile, the worst performing balanced fund strategy was FirstChoice WS Moderate. "Interestingly, hiding behind increased cash holdings, while no doubt helpful, wasn't predictive of better outcomes," ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading way. The communications in question regarded provision of investment directions to stay with CFS' ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading way. The communications in question regarded provision of investment directions to stay with CFS' ...

Volatility hits super funds

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
... balanced option fared slightly better, losing about 7.2% over the same period. Meanwhile, Colonial First State's FirstChoice Wholesale Balanced option lost 16.7%, while its FirstChoice Wholesale Australian Shares fund outperformed the market, returning ...