Search ResultsShowing 1 - 10 of 100+ results for "FirstChoice"
Class action accuses CFS of dodgy insurance fees
ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... putting profits ahead of people," she said. Woodsford Litigation Funding is funding the class action. It relates to FirstChoice Personal Super and Pension, FirstChoice Wholesale Personal Super and Pension, FirstChoice Employer Super and Commonwealth ...
Geared super funds hit jackpot
HARRISON WORLEY  |  FRIDAY, 10 JAN 2020
... tables. Colonial First State options took out the first eight positions in the top 10, with the wealth manager's FirstChoice Wholesale Pension Geared Share option achieving a 68.6% net return for the 12 months to November. On a three-year basis, the ...
CFS culls grandfathered commissions, slashes fees
KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... on the revenue impact of the fee cuts announced today. Next up in CFS's grandfathering phase out will be the FirstChoice and FirstWrap products, where majority of it are investor assets are. The company has committed to end all trail commissions ...
Colonial First State launches new fund
KANIKA SOOD  |  FRIDAY, 25 OCT 2019
... Gifford have a partnership spanning more than a decade, starting when CFS appointed it the Scottish manager to its FirstChoice multi-manager portfolios. The two launched a long-term global growth fund last year. Vanguard, which recently kicked off a ...
Colonial First State hit with second class action in less than a week
ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... because of this it continued charging those members higher fees," he said. The class action relates to members of the FirstChoice Super fund. Slater and Gordon said CFS had the power to transfer existing FirstChoice Super members into identical products ...
Retail fund faces class action on MySuper
ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... Linda Elkins in particular. The action alleged CFS's implementation of the MySuper reforms for members of the FirstChoice Employer Super division was slow and the fund breached its duties to members. Maurice Blackburn said CFS failed to exercise ...
CFS awards Asian equities mandate
KRISTI CHENG  |  FRIDAY, 20 SEP 2019
... Equities, Chinese A-share Equities and Indian Equities. General manager of investments Scott Tully referenced CFS's FirstChoice Asian Share Portfolio, which "has a 12-year track record of generating strong returns by investing in the Asia Pacific ...
CFS trims corporate super distribution team
KANIKA SOOD  |  MONDAY, 12 AUG 2019
... handed redundancies to about seven distribution staff working on its corporate superannuation offering as inflows into FirstChoice Employer stall. The departures - all business development managers - come as FirstChoice Employer's net assets stagnate ...
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 ...
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