The new cash bucket solution is now available on FirstChoice Wholesale Pension to give you and your clients more control over their cash while still enjoying the efficiency benefits of managed accounts and auto-rebalancing.
The new cash option's balance can be set aside to support your clients’ short-term needs such as pension payment drawdowns and other monthly expenses, while leaving the rest of their portfolio at its target weightings.
The new option is similar to the FirstRate Saver option currently available on the FirstChoice menu, however it is excluded from portfolio rebalancing features such as FirstChoice Managed Accounts. This option appears as ‘FirstRate Cash Non-Auto Rebalancing’ on the FirstChoice Wholesale Pension investment options menu.
We’ve created two short ‘how-to’ videos to assist you with switching funds in and out of this option.
If you have any questions or would like more information, please contact you local Business Development team.
Adviser Use Only
Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the issuer of FirstChoice Personal Super, FirstChoice Wholesale Personal Super, FirstChoice Pension, FirstChoice Wholesale Pension, FirstChoice Employer Super offered from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. CFSIL also issues interests in products made available under FirstChoice Investments and FirstChoice Wholesale Investments. Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (CBA) is the issuer, and CFSIL is the administrator, of the FirstRate Saver, FirstRate Cash and FirstRate Term Deposits products. The investment performance and the repayment of capital of CFSIL products is not guaranteed. This document is based on the understanding of current regulatory requirements and laws as at May 2022. While all care has been taken in the preparation of this document (using sources believed to be reliable and accurate), to the maximum extent permitted by law, no person including CFSIL accepts responsibility for any loss suffered by any person arising from reliance on this information. This document provides information for the adviser only and is not to be handed on to any investor. It does not take into account any person’s individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) before making any recommendations to a client. Clients should read the PDS and FSG before making an investment decision and consider talking to a financial adviser. The PDS and FSG can be obtained from www.cfs.com.au or by calling us on 13 18 36.
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