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Colonial First State - FirstChoice Pension

Past 5-year return
8.64%
Admin fee
$0
Calculated Fees on 50k
$940
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.
The Colonial First State FirstChoice Allocated Pension was established in 2002. The Colonial First State Group currently manages or administers more than $200 billion globally and a minimum of $20,000 is required as an initial investment. The fund offers a comprehensive selection of investment options across a range of risk profiles, asset classes and single managers, including FirstRate Term Deposits. Performance of the FirstChoice Moderate strategy has been below the SuperRatings Index over the long-term, however the extensive investment menu means returns may vary depending on the option and manager selected.Fees are above the industry average across all account balances assessed, however a tiered fee rebate applies to account balances $400,000 and over. No fees are charged for investment switching, withdrawals, regular pension payments, establishing or terminating an account. The FirstChoice Pension offers excellent pension flexibility. Members are able to select from 5 pension payment frequencies, including fortnightly pension payments. If the member does not nominate a drawdown strategy, pension payments will be taken according to growth assets, with the more conservative options being drawn down first. Members can elect to have their pension payments automatically increased by a nominated percentage or in line with CPI annually.Financial planning services are accessible to members and the fund's website caters to advisers and members with a range of comprehensive educational materials, calculators and reporting and transactional capabilities available. Bi-annual account statements and newsletters are sent to members.

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
1.68%
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
1.68%
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
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