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Colonial First State - FirstChoice Pension

Past 5-year return
5.88%
Admin fee
$0
Calculated Fees on 50k
$1,050
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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 Pension was established in 2002 to provide for the retirement needs of members from a wide range of industries. This product is no longer accepting applications for new members; however, continues to service existing members. Colonial First State offers a comprehensive investment menu of diversified and single sector investment options, as well as FirstRate Wholesale term deposits and cash. The FirstChoice Moderate option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2018; however, the extensive investment menu means returns will vary depending on the option and manager selected.Fees are higher than the industry average across all account balances assessed. There are no switching or exit fees, although a buy-sell spread may apply. The fund also charges a Regulatory Reform fee of 0.2% up to a maximum of $40.Colonial First State FirstChoice Pension offers excellent pension flexibility, with members able to select from fortnightly through to yearly payment frequencies. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Members can also select from reversionary pensions, binding death nomination and non-binding lump sum death benefits.Members can access account information online via FirstNet, as well as submit original documentation via the new e-Post facility. The fund offers a range of online tools, education resources and provides various calculators to ensure members are well informed on their retirement needs.
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Fees & fund features

Admin fee
Admin fee
$0
Administration fee (%)
Administration fee (%)
0.28%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.16%
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
1.66%
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
Administration fee (%)
Administration fee (%)
0.28%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.16%
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
1.66%
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
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Past 5-year return
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