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What the Researchers Say:

A "best value for money" fund. Well balanced across all key assessment criteria in a robust, secure and proven risk framework. The fund provides features that should assist most individuals to meet their retirement savings goals.

You should contact your financial adviser or this fund before making an investment decision.

  • Platinum
  • Pension of the Year Finalist
Awards
Fund data valid as of October 31, 2016

Typical Fees

Balance This Fund Industry Average Difference
50k $515 $698 -$183
250k $2,575 $3,010 -$435
500k $5,150 $5,712 -$562

Investment Allocation

Intl shares 20.0%
Aus shares 22.5%
Property 4.5%
Alternative 16.0%
Fixed interest 25.0%
Cash 12.0%

Fees & Charges

Membership Fee $0
Asset Admin Fee 0.20%
Investment Fee 0.83%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
Employer Size Discount N/A

Fund Features

Financial Planning Service
Health Insurance
Home Loans
Credit Cards
Binding Nominations
Non-lapsing Binding Nominations
Insurance Life Event Increases
Anti-detriment Payments
Long Term Income Protection

About this Fund

Membership 774,338
Total Assets $63,554,180,659
Year Started 2004
Target Market
Offered to Public?
Fund Type Master Trust-Allocated Pension

Fund Highlights - provided by Colonial First State - FirstChoice Wholesale Pension

FirstChoice has become Australia's most widely used platform by offering advisers and their clients superior service,
Award-winning online functionality and a wide range of investment and insurance options,
All for some of the lowest fees in the platform market.

Investment Option Performance

Asset Allocation Category FYTD FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 Comparison
Balanced 1.76%
2.15%
9.35%
12.61%
15.39%
1.32%
Fund
Benchmark
High Growth 3.40%
3.01%
-0.22%
0.82%
11.81%
13.21%
19.19%
17.79%
23.61%
22.59%
-4.81%
-3.09%
Fund
Benchmark
Secure 0.66%
2.08%
3.56%
3.46%
5.13%
8.25%
5.95%
11.01%
6.13%
12.60%
7.43%
3.18%
Fund
Benchmark
Growth 2.40%
2.51%
1.34%
2.80%
10.81%
11.50%
15.03%
15.91%
19.25%
19.45%
-1.56%
-1.21%
Fund
Benchmark
Australian Shares 5.10%
3.52%
-1.30%
2.22%
6.82%
6.75%
17.95%
18.31%
24.14%
23.30%
-7.12%
-6.67%
Fund
Benchmark
Overseas Shares 0.91%
2.62%
-4.85%
-2.72%
24.90%
20.36%
20.22%
19.88%
32.94%
29.76%
-5.54%
-3.07%
Fund
Benchmark
Capital Stable 1.02%
1.36%
2.99%
3.64%
6.31%
6.35%
8.04%
8.17%
9.25%
9.14%
4.56%
4.79%
Fund
Benchmark
  • Legend:
  • Outperformed average
  • Underperformed average
  • Negative returns

Annualised figures are the average per year returns of the rated option based on the cumulative returns for the past 5 years to 30/06/2016, past performance is not a reliable indicator of future performance. Performance and fee data is based on the option which is rated by SuperRatings and stated on each product's landing page.

Benchmark investment information - how performance is measured

To ensure comparability for consumers, the RateCity superannuation comparison is based on the asset allocation of each of the MySuper/Pension products, irrespective of the name of the investment option. This methodology allows consumers to compare products on a like for like basis and removes any ambiguities associated with the name of the investment option. For example, an investment option may be classified as growth, however its asset allocation may in fact mean it should be classified as high growth. By using the asset allocation as the dominant identifier, we believe this provides the most robust framework for consumers to compare funds and recognise that this is a consistent approach to that of SuperRatings methodology.

Option Type Percentage of Growth Assets
min-max %
High Growth 91-100%
Growth 77-90%
Balanced 60-76%
Conservative Balanced 41-59%
Capital Stable 20-40%
Secure 0-19%

What the researchers say

Colonial First State established the FirstChoice Wholesale product in 2004 and provides a competitive and low cost solution for members seeking investment flexibility. The FirstChoice product offers over 120 investment strategies and over 60 managers to provide members excellent diversity across specialist and leading brand funds. The Colonial First State FirstChoice Wholesale Pension is a 2017 Pension fund of the year finalist.

Members have access to a diverse range of investment options across a variety of asset classes and single managers, including FirstRate Term Deposits. The FirstChoice Wholesale Moderate option has performed below the SuperRatings Index over the long term, however the extensive investment menu means returns vary depending on the option and manager selected.

Colonial's fee structure is competitive across all account balances assessed and consists of a percentage based fee. No fees are charged for establishing the account, withdrawing funds or switching investments. The fund includes buy/sell spreads as part of their fee structure and requires a minimum of $20,000 for the initial investment.

The Colonial Wholesale Pension offers good pension flexibility. Members are able to select from 5 pension payment frequencies, including fortnightly pension payments. Members can elect to have their pension payments automatically increased by a nominated percentage or in line with CPI annually.

FirstChoice Wholesale 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.


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