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Colonial First State - FirstChoice Wholesale Pension

Past 5-year return
9.60%
Admin fee
$0
Calculated Fees on 50k
$605
FirstChoice has become the most widely used platform by offering advisers and their clients superior service.
Award-winning online functionality;
A wide range of investment and insurance options;
Some of the lowest fees in the platform market.
Colonial First State was established in 1988 and has been designed to facilitate the retirement needs of members across a range of industries. The FirstChoice Wholesale Pension was a 2018 Pension of the Year finalist. An initial investment of $20,000 is to be made to commence the pension product.Members and their advisors have access to more than 130 investment options across a variety of asset classes and single managers, including FirstRate Term Deposits. The FirstChoice Wholesale Moderate option has underperformed the SuperRatings Index over the long term, however the extensive investment menu means returns vary depending on the option and manager selected.Fees are lower than the industry average across small and medium account balances. A buy-sell spread is applied, however no additional fees are charged for switching between investment options or exiting the fund. FirstChoice Wholesale Pension offers good pension flexibility. Members can select from five 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, giving members a summary of all investment transactions. Members also have access to 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
0.84%
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
0.84%
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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