CFS FirstChoice Employer Super reaches milestone
Around 14 years' after its launch, Colonial First State FirstChoice Employer Super has reached a milestone.
Colonial First State announced this week that FirstChoice Employer Super had hit the $10 billion funds under management (FUM) milestone.
Commenting on the achievement, Colonial First State head of corporate superannuation, John Anderson, said it was a reflection of the high level of investment choice and service offered by the fund to Australian employers and their employees.
"FirstChoice Employer Super offers one of the most extensive investment menus in Australia that caters to different types of investors — from those who prefer the simplicity of low cost and automated strategy, to those who enjoy taking a more active role in managing their super," he said.
"Over the years the fund has gone from strength to strength maintaining its high ratings. We have added new investment options, introduced attractive insurance features, value-adding member benefits and tailored pricing options."
Recommended for you
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.
Following the departure of its chief marketing officer last year, AMP has appointed a successor to take up the position with the appointment coming from the US.
The Financial Services Council has appointed Justine Earl-Smith as executive director for commercial partnerships and growth, a newly created role for the organisation.
