Colonial super fund marks anniversary
ColonialFirstState’s FirstChoice Employer Super has reached $4 billion in funds under management on its fifth anniversary.
Confirming the fund’s popularity, a recent survey released by market research firm Cameron Research Group found FirstChoice Employer Super had been rated with the highest overall satisfaction rating among medium-sized businesses.
Head of corporate superannuation at Colonial First State John Clothier said it was FirstChoice’s administration service that marked it as a standout product.
“FirstChoice again delivered all employer and member annual statements within three weeks of the end of the 2006 to 2007 financial year,” he said.
According to Clothier, FirstChoice offers employees a choice of over 50 investment options offered by well-known investment managers, including boutique managers.
FirstChoice has also recently introduced the Generation Global Sustainability Fund as a new option for investors.
The fund is managed by Generation Investment Management and co-founded by US Vice-President Al Gore and former Goldman Sachs Asset Management chief executive officer David Blood.
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