Colonial First State

FirstWrap Plus Pension

Past 5-year return
New
Admin fee

$0

Calc fees on 50k

$730

SuperRatings awards
Other
Past 5-year return
New
Admin fee

$0

Calc fees on 50k

$730

SuperRatings awards
Other

Pros and Cons

Summary

FirstWrap Plus Super Pension was established in 2002 to provide for the retirement needs of members from a wide range of industries. FirstWrap Plus Pension provides access to managed accounts, more than 400 managed funds and other unlisted investments. The FirstChoice Wholesale Moderate option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2020; 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; however, there is no switching fee or buy-sell spread. A minimum account balance of $20,000 is required and a minimum 0.5% of the value of the account plus the value of any group insurance premiums due over the next two months must be held within cash account.FirstWrap Plus Pension offers good pension flexibility, with members able to select from weekly 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, non-lapsing nomination and non-binding lump sum death benefits.Members can access account information online via firstwrap.com.au. The fund offers a range of online tools and education resources to ensure members are well informed.

Features and Fees

Colonial First State Fees and Features

    FirstWrap Plus Super Pension was established in 2002 to provide for the retirement needs of members from a wide range of industries. FirstWrap Plus Pension provides access to managed accounts, more than 400 managed funds and other unlisted investments. The FirstChoice Wholesale Moderate option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2020; 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; however, there is no switching fee or buy-sell spread. A minimum account balance of $20,000 is required and a minimum 0.5% of the value of the account plus the value of any group insurance premiums due over the next two months must be held within cash account.FirstWrap Plus Pension offers good pension flexibility, with members able to select from weekly 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, non-lapsing nomination and non-binding lump sum death benefits.Members can access account information online via firstwrap.com.au. The fund offers a range of online tools and education resources to ensure members are well informed.

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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
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