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Colonial First State - FirstChoice Super MySuper

Past 5-year return
6.46%
Admin fee
$100
Calculated Fees on 50k
$655
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FirstChoice Employer Super gives employees access to great investment options from some the best fund managers.
Plus competitive fees, flexible insurance options and education tools to help you understand your investment.
Colonial First State FirstChoice Super MySuper was established to service the retirement needs of members from participating employer groups. The fund has been designed for employers who want to tailor a solution for their employees.Colonial First State FirstChoice Super offers a lifestage MySuper option. Members automatically transition through up to 12 lifestage investments, that each increase the allocation to defensive asset classes as the member ages. The Lifestage 1960-64 option underperformed the relevant SuperRatings Index over the 5 years to 30 June 2018.Fees are lower than the industry average across all account balances assessed. Additional administration fee rebates may apply for eligible employer groups. 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 Super's insurance offering allows eligible members to apply for up to $5 million of Death cover and up to up to $3 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection with a benefit period of 2 years or to age 65, covering up to 85% of salary, is available following a 30, 60 or 90 day waiting period. Colonial FirstChoice Employer offers both members and employers online access to their account via FirstNet, as well as a suite of interactive educational services. Members also receive discounts from a range of third party providers through FirstBenefits.
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Fees & fund features

Admin fee
Admin fee
$100
Administration fee (%)
Administration fee (%)
0.60%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.09%
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
$100
Administration fee (%)
Administration fee (%)
0.60%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.09%
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
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FAQs

MySuper accounts are basic, low-fee accounts. If you don’t nominate a superannuation fund, your employer must choose one for you that offers a MySuper account.

MySuper accounts offer two investment options:

  1. Single diversified investment strategy

Your fund assigns you a risk strategy and investment profile, which remain unchanged throughout your working life.

  1. Lifecycle investment strategy

Your fund assigns you an investment strategy based on your age, and then changes it as you get older. Younger workers are given strategies that emphasise growth assets

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