Colonial First State

Colonial First State - FirstChoice Wholesale Pension

No. of members:
Fund size: $1
Public offer:
Product type: Master Trust-Allocated Pension
Target market: -
Year started: 2004
Past 5-year return
4.08%
Admin fee

$0

Calc fees on 50k

$570

SuperRatings awards
Past 5-year return
4.08%
Admin fee

$0

Calc fees on 50k

$570

SuperRatings awards

Pros and Cons

Pros and Cons

  • 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.

Summary

Colonial First State FirstChoice Wholesale Pension was established in 2004 to provide for the retirement needs of members from a wide range of industries. A minimum initial investment of $20,000 is required to commence membership.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 Wholesale Moderate option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019; however, the extensive investment menu means returns may vary depending on the option and manager selected.Fees are lower than the industry average across all account balances assessed. There are no switching fees, although a buy-sell spread may apply. Colonial First State FirstChoice Wholesale Pension offers good 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 on their retirement needs.

Features and Fees

Colonial First State Fees and Features

    Pros and Cons

    • 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 FirstChoice Wholesale Pension was established in 2004 to provide for the retirement needs of members from a wide range of industries. A minimum initial investment of $20,000 is required to commence membership.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 Wholesale Moderate option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019; however, the extensive investment menu means returns may vary depending on the option and manager selected.Fees are lower than the industry average across all account balances assessed. There are no switching fees, although a buy-sell spread may apply. Colonial First State FirstChoice Wholesale Pension offers good 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 on their retirement needs.

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    Colonial First State Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
      CASH
      OTHER
      Investment option performance
      BALANCED
      HIGH GROWTH
      CONSERVATIVE BALANCE
      GROWTH
      INTERNATIONAL SHARES
      CAPITAL STABLE
      CASH
      + View additional option performance information
      Product
      Past 5-year return
      Admin fee
      Company
      Calc fees on 50k
      Features
      SuperRatings awards
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