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

Search Results

Showing 61 - 70 of 100+ results for "FirstChoice"

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... income came from CFS, which contributed $862 million, up $21 million or 2%. This was driven mainly by growth in the FirstChoice and CFSWrap platforms, which had $94.3 billion and $32.4 billion in funds under administration respectively. Commonwealth ...

CFS taps senior Qantas Super executive

KANIKA SOOD  |  MONDAY, 3 JUN 2019
... office of the trustee supports the boards responsible for CFS's superannuation and investments products, including FirstChoice and FirstWrap. It acts as a representative of CFS's superannuation trustee boards to promote fiduciary governance and ...

Colonial First State removes funds

KANIKA SOOD  |  TUESDAY, 30 APR 2019
Colonial First State is removing nine funds from its FirstChoice Investments menu following weak investor appetite. The removed funds include Acadian Global Managed Volatility Equity, Franklin Templeton MultiSector Bond, Milliman Managed Risk Australian ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
... fees, in a move it says will save $68 million in annual fees for 500,000 members. The fee reductions apply across its FirstChoice Wholesale, FirstChoice Employer Super and FirstWrap Plus platforms. They are effective from June. The cuts will deal a $45 ...

Colonial First State hires retail sales head

KANIKA SOOD  |  THURSDAY, 28 FEB 2019
... Chun said. "He will be a great addition to the business and as head of retail sales will lead the distribution of FirstChoice and FirstWrap." Colonial First State has two super/pension/managed investments platforms: FirstChoice ($90 billion) and FirstWrap ...

Best in show, but for how long?

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
... AustralianSuper, Statewide Super, Local Government Super, Club Plus, Media Super, NGS Super and CareSuper would make the grade. FirstChoice Employer would be the lone retail fund on the list. This is assuming it is three-year returns the expert panel ...

CFS tops up Morgan Stanley mandate

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... employer super's lifestage options. Morgan Stanley's Total Return Strategy is now managing $134 million for the FirstChoice Employer Super LifeStage funds, as at November end. The mandate was appointed on October 17. CFS says it made the change ...

CFS swaps global equities managers

KANIKA SOOD  |  FRIDAY, 14 DEC 2018
... continues to be a key business partner, CFS said. It distributes the Boston-based manager's funds in Australia. CFS FirstChoice global share fund had returned 4.81% or 0.08% above the benchmark since it was set up in April 2002 by current CFS general ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... breached section 29WA and must rectify the situation. To APRA, it was clear relevant members were in a choice product (FirstChoice Personal Super) but it was not apparent which ones should be moved to MySuper. CFS did not indicate to it "intended to ...

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
... structure are grandfathered trail commissions arrangements established before 1 July 2014. About 6000 are in place between FirstChoice Employer and Financial Wisdom. Intra-fund advice, Chun said, does "not go beyond general advice." In essence, members ...