Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 100+ results for "FirstChoice"

Colonial First State cuts fees, closes legacy options

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
Colonial First State has cut fees for about 200,000 members and will close some legacy options in FirstChoice Employer Super, as it simplifies its product line and phases out grandfathered commissions. The changes are across retail products (legacy ...

Fidelity sweeps Morningstar Australia Awards

KANIKA SOOD  |  MONDAY, 2 MAR 2020
... took home the award. In the fixed interest category, Legg Mason's Western Asset beat PIMCO and Colonial First State FirstChoice. Hyperion, which lost out to Fidelity in two categories, did have a win. It beat GreenCape Capital (distributed by Challenger's ...

Class action accuses CFS of dodgy insurance fees

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... putting profits ahead of people," she said. Woodsford Litigation Funding is funding the class action. It relates to FirstChoice Personal Super and Pension, FirstChoice Wholesale Personal Super and Pension, FirstChoice Employer Super and Commonwealth ...

Geared super funds hit jackpot

HARRISON WORLEY  |  FRIDAY, 10 JAN 2020
... performance tables. Colonial First State options took out the first eight positions in the top 10, with the wealth manager's FirstChoice Wholesale Pension Geared Share option achieving a 68.6% net return for the 12 months to November. On a three-year ...

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... comment on the revenue impact of the fee cuts announced today. Next up in CFS's grandfathering phase out will be the FirstChoice and FirstWrap products, where majority of it are investor assets are. The company has committed to end all trail commissions ...

Colonial First State launches new fund

KANIKA SOOD  |  FRIDAY, 25 OCT 2019
... Gifford have a partnership spanning more than a decade, starting when CFS appointed it the Scottish manager to its FirstChoice multi-manager portfolios. The two launched a long-term global growth fund last year. Vanguard, which recently kicked off a ...

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

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... because 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 ...

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 ...