Advertisement
What the Researchers Say:

A "reasonable value for money" fund that is performing well in a number of assessment areas but with average or below average features and/or performance in a number of other areas of our assessment.
You should contact your financial adviser or this fund before making an investment decision.

  • Silver
Awards
Fund data valid as of June 30, 2016

Typical Fees

Balance This Fund Industry Average Difference
5k $98 $157 -$59
50k $975 $631 $344
100k $1,950 $1,164 $786

Investment Allocation

Intl shares 18.5%
Aus shares 24.0%
Property 5.0%
Alternative 12.5%
Fixed interest 30.0%
Cash 10.0%

Fees & Charges

Administration Fee ($) $0
Administration Fee (%) 0.20%
Investment Fee 1.75%
Switching Fee $0
Exit Fee $0
Account Size Discount Yes
Employer Size Discount No

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 2002
Target Market All Industries
Offered to Public? Yes
Fund Type Master Trust-Personal

Fund Highlights - provided by Colonial First State - FirstChoice Personal Super

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 2015 FY 2014 FY 2013 FY 2012 FY 2011 Comparison
Balanced 1.24%
2.81%
1.24%
2.81%
7.56%
9.60%
10.83%
12.66%
13.17%
14.73%
0.08%
0.45%
Fund
Benchmark
High Growth -0.84%
0.68%
-0.84%
0.68%
9.82%
11.66%
16.85%
15.76%
20.61%
20.40%
-5.57%
-3.15%
Fund
Benchmark
Secure 2.55%
2.82%
2.55%
2.82%
3.88%
7.28%
4.66%
9.64%
4.76%
11.26%
6.04%
1.87%
Fund
Benchmark
Growth 0.51%
2.10%
0.51%
2.10%
8.85%
10.71%
13.07%
14.01%
16.69%
17.11%
-2.66%
-0.95%
Fund
Benchmark
Australian Shares -2.05%
1.50%
-2.05%
1.50%
5.25%
5.70%
15.84%
16.77%
22.00%
21.07%
-8.37%
-6.15%
Fund
Benchmark
Overseas Shares -4.75%
-2.30%
-4.75%
-2.30%
21.53%
19.16%
18.47%
17.63%
31.47%
26.14%
-5.93%
-2.45%
Fund
Benchmark
Capital Stable 2.03%
3.36%
2.03%
3.36%
4.91%
5.66%
6.68%
7.34%
7.49%
8.29%
3.34%
4.06%
Fund
Benchmark
Property 18.95%
12.55%
18.95%
12.55%
16.68%
10.78%
9.52%
9.09%
21.22%
10.99%
8.59%
7.12%
Fund
Benchmark
Cash 1.27%
1.90%
1.27%
1.90%
1.65%
2.25%
1.72%
2.42%
2.39%
2.94%
3.38%
4.04%
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 30/06/2015, 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 FirstChoice Personal division was established in 2002 and is open to investors receiving regular contributions with a minimum initial investment of $1,500.

The fund offers a comprehensive choice of over 100 investment options, including FirstRate Term Deposits, allowing members the ability to tailor their investments to their individual needs. The fund's FirstChoice Moderate option has underperformed the SuperRatings Index in the short and long term.

Fees are higher than the industry average across all account balances assessed, however rebates on management fees are available based on the size of the member's account balance. Buy/sell spreads form part of the fee structure.

A full suite of comprehensive insurance is accessible through Colonial FirstChoice Personal, including unlimited Death cover to age 75. Income Protection (IP) is offered to a maximum of 85% of salary (including super benefits) with a choice of 30 or 90 day waiting periods and 2 year, 5 year or to age 65 benefit periods.

Colonial FirstChoice Personal offers members online access to their account via the FirstNet facility, as well as interactive educational services. Comprehensive and regular reporting featuring bi-annual benefit statements is also available.


Other Funds Promoted