What is FirstChoice employer super?

FirstChoice Employer Super is a highly rated1 fund that gives members access to a wide range of investments, with tailored insurance options and negotiated administration fees. It is a fund designed and delivered by experts in super and retirement planning with nearly $15 billion invested on behalf Read more.

Is CFS a good super fund?

CFS has proudly named amongst the best retail super funds in Australia, and are constantly improving to become better.

What is the unique superannuation identifier Colonial First State?

The USI for Colonial First State Super Colonial First State – FirstChoice Wholesale Super is FSF0511AU.

Is Colonial First State a good superannuation fund?

Colonial First State was the winner of Roy Morgan’s Customer Satisfaction Award (FirstChoice – Major Retail Super Fund of the Year 2020). It was named winner of Chant West’s Super Fund Award (FirstChoice Wholesale Super – Best Longevity Product 2021).

Does Colonial First State Super have exit fees?


we will no longer charge exit fees (previously up to 3% for members in nil entry fee options and nil for other entry fee options) from any amounts withdrawn from your account.

What is the best super fund in Australia 2022?

UniSuper took out Chant West’s top gong for Super Fund of the Year as well as the award for member services at the group’s annual awards night on 25 May 2022. It’s been a big year for UniSuper.

What happened to Colonial First State?

The company was established in 1988 when the State Bank of NSW created First State Fund managers. In 1994, Colonial Mutual acquired the State Bank of New South Wales, and the merged entity was subsequently rebranded as Colonial First State. CFS demutualised in 1997 and in 2000, it was acquired by the Commonwealth Bank.

Who owns Colonial First State Super?

Commonw… Bank Sussex St…KKR & Co. Inc.
Colonial First State/Parent organizations

Where can I find my USI Australian super?

It should be present on the website of your superannuation fund. Your employer may have a copy of the USI, if you have already provided it to them. The annual report of your superannuation fund will also include the USI number, including details of the performance of the fund.

Which super fund is the best in Australia?

Top 10 performing super funds (Balanced)

Super fund Investment option 10 yr return (% per yr)
AustralianSuper Conservative Balanced 7.5%
VicSuper Balanced 7.4%
Telstra Super Defensive Growth 7.3%
Vision Super Balanced 7.3%

Is Colonial First State a good super?

What is happening with Colonial First State?

The trustee of the Colonial First State Pooled Superannuation Trust will terminate the trust 17 September 2021 because of a decline in the popularity of pooled super trusts and the availability of alternative investment vehicles.

Which super fund has the highest returns?

Best performing super funds: Growth category (61–80%)
In back-to-back performances, Hostplus was the top performing Growth fund again in 2021-22, with a positive return of 1.6%.

How much super Should I have at 40?

So, what are the current average balances for different age groups?

Average super balance by age2
25 – 29 $25,173 $21,774
30 – 34 $51,175 $42,240
35 – 39 $83,723 $66,611
40 – 44 $121,119 $92,680

Does Colonial First State Super still exist?

On 1 December 2021, CFS became a standalone company. CFS narrowly missed passing the Australian Prudential Regulation Authority (APRA) annual performance test for one of its MySuper products, FirstChoice Employer Super, in 2021.

How do I give my employer super details?

Here’s how:

  1. Simply complete your details including your membership number on the choice form provided to you by your new employer; or.
  2. Obtain a fund nomination form from your Industry SuperFund.
  3. You can fill out our Choice of Superannuation Fund form online, then give it to your employer.

What is a superannuation identifier USI?

Unique superannuation identifier
A USI is used to identify super funds and individual super fund products for electronic rollovers and contributions. A super fund may have one USI or it may have a USI for each product.

What is the best performing super fund in Australia 2022?

SuperRatings. SuperRatings was the first cab off the rank to announce its 2022 Fund of the Year award winners on 29 October 2021. UniSuper took out the top gong for Super Fund of the Year in recognition of its strong investment performance, competitive fees and ongoing focus on members.

How much super do I need to retire at 60?

ASFA estimates people who want a comfortable retirement need $640,000 for a couple, and $545,000 for a single person when they leave work, assuming they also receive a partial age pension from the federal government.

How much do I need in super to retire at 60?

Pre-planning helps
ASFA estimates people who want a comfortable retirement need $640,000 for a couple, and $545,000 for a single person when they leave work, assuming they also receive a partial age pension from the federal government. For people who are happy to have a modest lifestyle, this figure is $70,000.

What is the best performing super fund 2022?

What is the average super return in 2022?

Long-term returns for the Balanced option

Super returns
Time period to 30 June 2022 Balanced option Benchmark – median return
1 year -2.73% -3.44%
5 years pa 7.28% 5.94%
10 years pa 9.32% 7.99%

Can you retire with $2m?

Yes, for some people, $2 million should be more than enough to retire. For others, $2 million may not even scratch the surface. The answer depends on your personal situation and there are lot of challenges you’ll face. As of 2022, it seems the number of obstacles to a successful retirement continues to grow.

How much money do you need to retire with $100000 a year income?

This means that, if you earn $100,000 per year, you’d aim for at least $80,000 of income (in today’s dollars) in retirement. However, there are several factors to consider, and not all of your income will need to come from savings.

What is First State Super called now?

Aware Super
First State Super and StatePlus will be renamed Aware Super in September 2020. The VicSuper brand name will be retained and we will undertake a careful review of this in the future.