Colonial First State

Colonial First State - FirstChoice Pension

Past 5-year return
3.18

% p.a

Admin fee

$0

Calc fees on 50k

$645

SuperRatings awards
Gold
Past 5-year return
3.18

% p.a

Admin fee

$0

Calc fees on 50k

$645

SuperRatings awards
Gold

Pros and Cons

  • 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 each assessed time period to 30 June 2020; however, the extensive investment menu means returns will vary depending on the option and manager selected.Fees are lower than the industry average across small account balances assessed. There are no switching fees, although a buy-sell spread may apply. 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. The fund further offers a range of online tools, education resources and provides various calculators to ensure members are well informed.

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Colonial First State Fees and Features

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