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Showing 51 - 60 of 155 results for %22FirstChoice Super%22

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 ...

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 ...

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 ...

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

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

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 ...