CFS delivers double digit returns for MySuper balanced and growth fund members in 2025

• FirstChoice Employer Super growth fund (MySuper Lifestage 1975-79) delivers 11.6% return
• FirstChoice Employer Super balanced fund (MySuper Lifestage 1965-69) delivers 10.1% return

21 January 2026 

Colonial First State (CFS) today announces strong double digit returns over the year to 31 December 2025 for members of its MySuper balanced and growth equivalent funds.

The FirstChoice Employer Super growth fund (MySuper Lifestage 1975-79) delivered an 11.6% return, while the FirstChoice Employer Super balanced fund (MySuper Lifestage 1965-69) delivered a 10.1% return.

The calendar year results follow industry-leading returns for CFS’s MySuper members in FY25, with independent researcher Chant West ranking CFS’s Lifestage options best overall for aggregated MySuper performance across one, three and five years to 30 June 2025¹.

“CFS has been investing Australians’ retirement savings safely and responsibly for more than 30 years and we are thrilled to have once again delivered strong investment performance for our MySuper members,” said Kelly Power, Chief Executive Officer of Colonial First State Superannuation.

“Our members continue to benefit from a disciplined investment process and sustained focus on maintaining low fees,” added Ms Power.

CFS Chief Investment Officer Jonathan Armitage said the strong results reflected its commitment to diversification and building portfolio resilience in uncertain investment conditions.

“Our performance was built on investments across a number of asset classes. It was a strong year for global shares, particularly those hedged against currency risks. Australian small companies also performed particularly well,” said Mr Armitage.

“Our members further benefited from the astonishing performance of emerging markets, which delivered strong double-digit returns last year. Looking ahead, we do expect conditions to remain uncertain, so diversification will continue to be important,” added Mr Armitage.

The 2025 results mark the third consecutive year that members invested in CFS’ MySuper Lifestage 1965–69 balanced and 1975–79 growth options have achieved double-digit  growth². Alongside industry-leading performance, CFS MySuper members also continue to benefit from annual fees that are 11% lower than the super fund average³.

Steven Reilly, Director External Communications, Colonial First State

steven.reilly@cfs.com.au