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Colonial First State - FirstChoice Super MySuper

Past 5-year return
New fund
Admin fee
$60
Calculated Fees on 50k
$600
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 FirstChoice Employer Super is a MySuper compliant product that was established in 2002. The product has been designed to facilitate the retirement needs of members from participating employer groups.The fund's default investment strategy places members in one of 12 diversified Lifestage options depending on the decade they were born, with growth assets declining with age. The 1960-1964 Lifestage option has underperformed the SuperRatings Index over the short term, whilst long term performance is unavailable. Members who wish to make an investment choice can select from 22 diversified options, 112 single sector and 6 multi-index options.Fees for FirstChoice Employer Super are lower than industry average across all assessed account balances; however, employer's may negotiate lower administration fees or rebates. A buy-sell spread will be applied, however no additional fees will be applied for switching investments or exiting the fund.The insurance available in FirstChoice Employer Super allows eligible members to apply up to $5 million of Death cover and $3 million of TPD cover. Members also have the added flexibility to increase their Death and TPD insurance upon the occurrence of certain life events without providing medical evidence. Income Protection of up to 85% of salary (including super contribution) is available to eligible members. Members may also select from 30, 60 or 90 day waiting periods.Colonial FirstChoice Employer offers members and employers online access to their account via FirstNet, as well as interactive educational services. Comprehensive and regular reporting featuring bi-annual benefit statements are also available.

Fees & fund features

Admin fee
Admin fee
$60
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
0.42%
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
$60
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
0.42%
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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