Colonial First State - FirstChoice Pension

Past 5-year return
8.64%
Admin fee
$0
Calculated Fees on 50k
$1,035
FirstChoice has become the most widely used platform in Australia
The fund offers advisers and their clients superior service award-winning online functionality.
FirstChoice offers a wide range of investment and insurance options, all for some of the lowest fees in the platform market.
Colonial First State was established in 1988 and currently manages more than $200 billion globally. The fund's FirstChoice Pension product is no longer available to new members, but continues to deliver services to current members. FirstChoice Pension offers a wide range of diversified, single sector and single manager options, as well as FirstRate deposits. The FirstChoice Moderate option has underperformed the SuperRatings Index over the shorter term; however, the extensive investment menu means returns will vary depending on the option and manager selected.Fees for FirstChoice Pension are higher than industry average across all assessed account balances; however, a tiered fee rebate applies for account balances greater than $400,000. No fees are charged for switching investments or exiting the fund, although a buy-sell spread is applied.The fund offers good pension flexibility as members can request to have pension payments made fortnightly, monthly, quarterly, half yearly or annually; and payments can automatically increase by a nominated percentage or in-line with CPI. The fund also offers estate planning features such as binding nomination and reversionary pension.FirstChoice Pension provides consolidated reporting at least twice a year, which will give members a summary of all investment transactions. Members also have a range of online tools, education resources and news updates as well as the ability to access their account online via the FirstNet facility.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
1.69%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$0
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
1.69%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
Company
Product
Past 5-year return
Admin fee
Past 5-year return
Calculated Fees on 50k
Features
SuperRatings awards
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