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Showing 1 - 10 of 53 results for "Essential Super"

ATO sounds alarm as Payday Super deadline nears

VINNY VUCAGO  |  MONDAY, 25 MAY 2026
... integrating it's FirstChoice Employer Super with MYOB, Employment Hero, and Reckon. The firm is also relaunching Essential Super for business to Commonwealth Bank business customers in June, including a clearing house payment facility designed to ...

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 ...

Three retirement products achieve double-digit returns

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
... 154,850 members. Analysing the top 50 personal default super options, Rainmaker found Colonial First State's (CFS) Essential Super Personal Lifestage 1980-84 topped the list with 12.4% p.a. over a three-year period. Virgin Money's SPD - LifeStage Tracker ...

AMP, Insignia, Bendigo products fail super performance test

KARREN VERGARA  |  FRIDAY, 29 AUG 2025
... marked a consecutive fail against Insignia's MLC Wholesale Horizon 2 Income Portfolio, which sits on the Expand Essential Super and Extra Super Menu and is already closed to new members. Insignia Financial said in a statement: "Of our 110 master ...

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 ...

Industry funds feast, retail funds snack, corporate funds freefall

ANDREW MCKEAN  |  THURSDAY, 29 MAY 2025
... Separately, over the year to March 31, the best-performing default investment options were Colonial First State's Essential Super Employer - Lifestage (1980-1984) and FirstChoice Employer - FirstChoice Lifestage (1980-1984), each delivering a 7.4% return ...

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

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
... examined, the two fastest, Avanteos, the trustee of Colonial First State's FirstChoice Employer Super MySuper and Essential Super MySuper, and UniSuper, charged comparatively low administration fees of $70 and $80 per year on a $50,000 balance. Rest ...

Colonial First State completes group insurance review

JAMIE WILLIAMSON  |  THURSDAY, 12 DEC 2024
... renewed agreement, AIA will continue to provide insurance cover for the 200,000 CFS FirstChoice Employer Super, Essential Super, and FirstChoice Wholesale Personal members. AIA has served as group insurer since it took over CommInsure in 2019 and was ...

Best default super funds revealed

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
Superannuation research shows that retail funds dominated in the 12 months to January end. League tables show Vanguard Super's default lifecycle investment option bested competitors for the year ending 31 January 2024. According to Rainmaker Information ...
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