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FirstChoice Investments: Fees and commissions - Dec 2018

In January 2019, we introduced some changes to how we charge fees. These changes may reduce the fees you pay and give you more options over how you pay for advice.

CONTRIBUTION FEES REMOVED

From January 2019, contribution fees will not be charged to investors in FirstChoice Investments. This means that we will no longer deduct contribution fees (previously up to 4%) from any amounts invested to your account.

FEE REBATE

  • Where a financial adviser is linked to your account, we may pay commissions to your adviser from the fees that we receive. Commission may apply to accounts that were established prior to 11 June 2013. If you were an investor prior to 11 June 2013, you can request a fee rebate for the commissions payable to your adviser. You can speak to your adviser or contact us directly to request a rebate.

     

    Note: Before changing any arrangements, we suggest you contact your adviser to discuss your future advice needs and arrangements for those services.

     

    If you became an investor after 11 June 2013, your fees already include this rebate. If you receive a rebate, this transaction will be referred to as a ‘Fee rebate’ in your future statements. The rebate will reduce the total fees and costs that apply to your investment.

     

    Rebates are calculated and paid monthly. If you close your account, your withdrawal amount will only include a rebate calculated to the end of the previous month. The rebate will be paid to your most conservative investment option (as determined by us), unless you nominate another investment option.

  • From January 2019, we are introducing a fee rebate for customers with no financial adviser linked to their account. The rebate is up to 0.6% (this will be reduced for GST).

     

    If you receive a rebate, this transaction will be referred to as a ‘fee rebate’ in your future statements. This rebate reduces the total fees and costs that apply to your investment.

     

    Rebates are calculated and paid monthly. If you close your account, your withdrawal amount will only include a rebate calculated to the end of the previous month. The rebate will be paid to your most conservative investment option (as determined by us), unless you nominate another investment option.

We're here to help

Please refer to the flyer for more information.

 

To find out how these changes may affect you, call us on 13 13 36, or speak to your financial adviser.

Disclaimer
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of super, pension and investment products. This document may include general advice but does not take into account your 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 colonialfirststate.com.au or by calling us on 13 13 36.