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

Search Results

Showing 1 - 10 of 15 results for "Commonwealth Essential Super"

CBA updates on class actions, governance review

ELIZA BAVIN  |  WEDNESDAY, 11 FEB 2026
... deposit options in the Colonial First State 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 ...

Colonial First State, AIA agree $140m class action settlement

JAMIE WILLIAMSON  |  WEDNESDAY, 5 NOV 2025
... Super and Pension, FirstChoice Wholesale Personal Super and Pension, FirstChoice Employer Super and Commonwealth Essential Super. Today, Shine Lawyers announced the parties have reached an in-principle settlement of $140 million, with the formal settlement ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... deposit options in the Colonial First 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 ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... that Colonial First State Investments Limited (CFSIL) kept members from the CFS FirstChoice Fund and Commonwealth Essential Super invested in in-house products. It also affected members in the FirstWrap Pooled Cash Account who earned lower interest rates ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... option, Colonial First State FirstChoice Employer Super, BT Super MySuper, Westpac Group Plan MySuper, Commonwealth Essential Super and AMG MySuper. "MySuper options are supposed to be the low-cost, simple default products that we put people into to ...

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... option, Colonial First State FirstChoice Employer Super, BT Super MySuper, Westpac Group Plan MySuper, Commonwealth Essential Super and AMG MySuper received a significantly poor performance rating. Many of these products also failed the performance test ...

Colonial First State seeks MySuper redemption

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... BlackRock won the mandate to provide investment services to CFS' FirstChoice Employer Super (FCES) and Commonwealth Essential Super (CES) following a formal tender process. CFS will continue to set the investment strategy, oversee investment decisions ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... MySuper from AMP (8bps each), TWU Super (7bps), and Mercer WGSP and Virgin Money (6bps each). MLC, Commonwealth Essential Super, Qantas's Glidepath and Mercy Super will see an improvement of 5bps each. Lastly, Brookfield Australia MySuper and Energy ...

Colonial Super Retirement Fund rejigs managers

KANIKA SOOD  |  WEDNESDAY, 3 MAR 2021
... Retirement Fund (about $3 billion). Meanwhile, Commonwealth Bank Group Super had about $12.7 billion and Commonwealth Essential Super had about $3.3 billion in assets.

ASIC sues CBA, CFS over RC case

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
... bank's substantial branch network. According to ASIC, around 390,000 Australians became members of the Commonwealth Essential Super fund as a result of the distribution agreement, which ASIC believes amounts to a contravention of the Corporations ...
PAGE:
1
PREVIOUS
NEXT