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Delivering better member outcomes

At Colonial First State, we’re working hard to deliver even better outcomes for members so you can save more for your retirement. Options in our FirstChoice superannuation fund have delivered strong long-term performance for members, according to recent a report from Chant West, a leading research firm. In addition, we have recently been awarded the Canstar Provider of the Year award for managed funds.

 

Colonial First State funds deliver strong long-term performance

 

In its latest quarterly survey to 31 March 2019, Chant West found Colonial First State’s FirstChoice Lifestage and FirstChoice Moderate and Growth options have delivered strong returns for members.

 

  • Chant West shows an annualised performance of 10.3% over 3 years and 8.1% over 5 years for the FirstChoice Lifestage option designed for members under the age of 50. This ranks the option’s investment returns second when compared to other MySuper Growth investment options over the last three years. Over five years, the investment returns of the FirstChoice Lifestage option were above the median of the returns of the MySuper Growth investment options in the survey.

 

Returns for CFS FirstChoice Lifestage (under 50s) vs Top 10 MySuper Growth investment options for 3 years returns to 31 March 2019 (% pa).

Returns for CFS FirstChoice Lifestage (under 50s) vs Top 10 MySuper Growth investment options for 3 years returns to 31 March 2019 (% pa)

Source: Chant West. Investment returns are net of investment fees and tax.
Past performance is no indication of future performance.

  • FirstChoice Moderate is the number one option in its category of 41-60% growth assets over the last 10 years, with the survey showing annualised returns of 8.8%, compared to the median of 7.6%.
  • The FirstChoice Growth option ranked third of 58 options in the category of 61-80% growth assets over 10 years, with the survey showing annualised returns of 9.8%, compared to the median of 8.9%.

 

What does this mean for our members?

 

Market ups and downs can cause sharp changes in superannuation balances over shorter periods and we saw this at the end of last year. The positive news for members in these options who have remained invested for longer periods is that they have benefited from the strong long term performance, as highlighted by Chant West.

 


Canstar award for Managed Funds

 

We are also pleased to announce that we’ve been awarded Canstar’s 2019 Provider of the Year for Managed Funds.

 

Canstar’s Managed Fund Star Ratings involve a ratings methodology that compares both net performance and features across managed funds products. In determining its award recipient, Canstar assessed providers on a broad range of managed funds, from single to multi-sector. We’re delighted to have been recognised with this award and remain focused on offering great value, service and choice to members. If you wish to learn more about managed funds, please contact us on 13 13 36 or speak to your financial adviser.

 

About Colonial First State

Colonial First State includes Colonial First State Investments Limited ABN 98 002 348 352 AFSL 232468 (CFSIL) is the issuer of FirstChoice Personal Super, FirstChoice Wholesale Personal Super, FirstChoice Pension, FirstChoice Wholesale Pension and FirstChoice Employer Super offered from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. It also issues interests in FirstChoice Investments and FirstChoice Wholesale Investments. This document may include general advice but does not take into account any person’s individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. A PDS for Colonial First State’s products are available at www.colonialfirststate.com.au or by calling us on 13 18 36.

 

About Chant West

Chant West Pty Limited (ABN 75 077 595 316) 2019. The Chant West data is based on information provided by third parties. Your objectives, financial situation and needs haven’t been taken into account by Chant West and you should consider the appropriateness of this information having regard to your objectives, financial situation and needs, and read the relevant Product Disclosure Statement, before making and decisions. Chant West’s Financial Services Guide is available at www.chantwest.com.au.