CFS partners with Safewill to provide members with Will and estate planning services at no extra cost

16 February 2026

Colonial First State (CFS) today announces a new partnership with Safewill which will give almost one million CFS members access to an online Will-creation service with legal review and digital estate planning services at no extra cost.

With more than half of Australian adults not in possession of a legally valid Will*, the service addresses the two most cited barriers to creating a Will - cost and complexity - and makes CFS the first superannuation fund to roll out a long term, scaled Safewill partnership as part of its member offering.

CFS members can quickly create a legally valid Will using an easy-to-follow online process, with each submission reviewed by Safewill's affiliate law firm. Members can also organise and store important documents in a secure digital vault that their nominated beneficiaries can access when needed. 

As part of its broader commitment to making super easier to manage, CFS is also introducing a new online beneficiary feature that allows members to update their beneficiary nominations digitally, making it faster and easier for members keep important details up to date.

“Our goal is to help members feel confident and supported across every stage of retirement planning,” said Marissa Powe, Executive Director of Retirement at Colonial First State.

“Estate planning is often put off because it feels complicated or expensive, but it doesn’t need to be. The partnership with Safewill removes those barriers and gives our members simple, secure tools at no cost so they can put a Will in place, protect what matters most, and plan for the future with confidence,” added Ms Powe.

Supporting financial advisers and intergenerational planning

The partnership also supports financial advisers without an existing estate planning or legal partner and is available to any adviser with CFS clients.

Advisers can incorporate a completed Will and digital asset inventory into holistic advice, align superannuation death benefit nominations with the client’s broader wishes, and document preferences that support intergenerational wealth transfer. The secure digital vault helps keep records current and accessible for executors and families, reducing unnecessary administration.

“There is a natural connection between superannuation and estate planning. Superannuation is often one of the largest assets people have, yet it typically sits outside the estate, making it critical that binding death benefit nominations and Wills are considered together,” said Adam Lubofsky, Founder and CEO of Safewill.

“By supporting members earlier in the estate-planning and nomination process, funds can help reduce complexity and uncertainty at the time a death benefit is paid. This partnership reflects Colonial First State’s member-first approach to retirement planning and helps members to protect their wishes and reduce uncertainty for their families,” added Mr Lubofsky.

The Safewill partnership sits alongside CFS’s growing range of retirement services, including the CFS Retirement Hub, retirement and age pension eligibility calculators, and a specialised guidance team who provide support to help CFS members feel confident in their retirement decisions.

Steven Reilly, Director External Communications, Colonial First State

steven.reilly@cfs.com.au