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Showing 51 - 60 of 202 results for %22Colonial FirstChoice%22

Colonial First State cops licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
APRA has imposed licence conditions on Colonial First State Investments Limited to ensure super members' best interests are met, effective immediately. The regulator's decision follows an investigation into matters referred to it by the Royal ...

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 closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
Colonial First State has terminated a $19.5 million diversified fund, after it returned -11.7% in the first three months of the year. The Acadian Diversified Alpha fund will no longer be available to investors, with switches and redemptions from the ...

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... recognise 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 ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... infringement notices is not an admission of guilt or liability, ASIC said. On the same day, ASIC also took action against Colonial First State. The regulator commenced civil proceedings in the Federal Court against Colonial First State, alleging that ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
ASIC has commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default ...

Volatility hits super funds

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
... around 8.7%, while QSuper's 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 ...

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
... Pendal Group. Pendal Group 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 ...

Class action accuses CFS of dodgy insurance fees

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
Shine Lawyers today filed a class action against Colonial First State alleging that hundreds of thousands of Australians were charged excessive insurance premiums. The action alleges CFS, as Commonwealth Bank's superannuation provider, put members into ...