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Showing 1 - 10 of 52 results for "Avanteos"

CBA updates on class actions, governance review

ELIZA BAVIN  |  WEDNESDAY, 11 FEB 2026
... FirstChoice Superannuation Trust (FirstChoice Fund) and Commonwealth Essential Super. It was later expanded to include Avanteos Investments Limited (AIL). The class action claims members invested in cash and deposit options provided by CBA received a ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... State First Choice Superannuation Trust (FirstChoice Fund) and Commonwealth Essential Super and later expanded to join Avanteos Investments (AIL) as a party in respect of claims regarding the FirstWrap Pooled Cash Account. CBA said the court has ordered ...

Corporate fund selects Mercer Super for SFT

JAMIE WILLIAMSON  |  TUESDAY, 22 APR 2025
... offerings, transferring the Mercer Portfolio Service Superannuation Plan (MPSSP) to CFS Edge Super and Pension in the Avanteos Superannuation Trust. This plan has some $1.6 billion in assets and about 4460 members. "In recent years there have been a ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
... benefits the fastest, in some cases, had the lowest fees. Of the superannuation trustees ASIC examined, the two fastest, Avanteos, the trustee of Colonial First State's FirstChoice Employer Super MySuper and Essential Super MySuper, and UniSuper, charged ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
... process of death benefit claims handling. The review of superannuation trustees including, Australian Retirement Trust, Avanteos (Colonial First State), Brighter Super, Commonwealth Superannuation Corporation, HESTA, Hostplus, NM Super (AMP), Nulis (MLC) ...

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
Retail superannuation offerings from AMP, Macquarie, and HUB24 spend big on external financial advisers, while industry funds prefer to invest in their own advisers and intra-fund advice, new APRA data reveals. APRA's recently published data based ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... options, did not transfer to Mercer. 3) Retail super funds plan to merge (July 26) In July, Colonial First State's Avanteos Investments made the decision to close encircle Super and transfer all member accounts to Centric Super. The decision was ...

Retail super funds plan to merge

ANDREW MCKEAN  |  WEDNESDAY, 26 JUL 2023
Centric Super is set to merge with encircle Super following the latter's trustee, Avanteos Investments, announcing the fund's closure. In a parallel development, Colonial First State Investments is also stepping down as the operator of encircle's managed ...

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... out 80 options that significantly underperformed. They are operated by trustees AUSCOAL Superannuation (Mine Super), Avanteos Investments (Colonial First State FirstChoice Super), AvSuper, Nulis Nominees (MLC Super), BT Funds Management (Retirement Wrap) ...

Defective disclosures see Avanteos Investments fined

JAMIE WILLIAMSON  |  WEDNESDAY, 15 JUN 2022
... after they'd died. This marks the first criminal prosecution for failing to update defective disclosure documents. Avanteos, trading as Colonial First State Custom Solutions, charged 499 deceased super members almost $700,000 in fees when it was ...
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