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Showing 71 - 80 of 291 results for %22CFS Super%22

Super switching three times higher: CFS

ELIZA BAVIN  |  WEDNESDAY, 6 MAY 2020
New data from Colonial First State (CFS) found switches by super members were three times the usual rate in March as Australians moved their super to cash in the midst of the COVID-19 pandemic. The data found 39% of those that switched their super moved ...

Colonial First State closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... with switches and redemptions from the fund suspended as of March 20. The fund had US$12.6 million in AUM as of March 31. CFS said applications received after 3pm on March 19 would not be processed in what it says is in the best interests of its members. ...

Top adviser queries revealed

ALLY SELBY  |  THURSDAY, 30 APR 2020
... the next two financial years and which situations allow members to qualify for the government's Early Release Scheme. CFS technical services manager Craig Day said the technical support team had received a deluge of enquiries during March and April ...

Former CFSGAM executive joins industry fund

HARRISON WORLEY  |  TUESDAY, 28 APR 2020
... former member of Colonial First State Global Asset Management's global leadership team has joined a $4 billion industry super fund as an independent investment expert. Former chief operating officer, director and member of CFSGAM's global executive committee ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... Following the introduction of legislation in 2012 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 ...

Volatility hits super funds

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
... returns, which is only an indication of returns, pointing out individual returns may vary. However it isn't all good news for CFS members. Those invested in the firm's FirstChoice Wholesale Geared Australian Shares and Global Shares options are ...

Colonial First State cuts fees, closes legacy options

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
... commissions come off these products and the FirstChoice wholesale personal super option, the premiums will be lowered, according to CFS. FirstChoice Employer Super is closing legacy options (transferring them to other open options) and cutting commission ...

Fidelity sweeps Morningstar Australia Awards

KANIKA SOOD  |  MONDAY, 2 MAR 2020
Fidelity International scored two wins at the 2020 Morningstar Australia Awards, while passive investing giant Vanguard beat active managers in the multi-asset category. The awards were spread across eight categories, with the winners announced last ...

Class action accuses CFS of dodgy insurance fees

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... 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 policies with CommInsure and that the fees charged in these ...

First Sentier hires AMP Capital portfolio manager

KANIKA SOOD  |  FRIDAY, 10 JAN 2020
... First Sentier's funds which had $3.5 billion in assets under management at December end. This includes the $1.4 billion CFS Wholesale Diversified fund and the $700 million plus conservative and balanced versions. Palos reports to van der Lende, who ...