At CFS, we’re committed to positive change. You’ve asked us to make your life easier with smarter processes, greater transparency, seamless service, and we are taking the steps to get this done.
You have told us signature mismatches takes extra time for you to sort out. One step we’ve taken to fix this is the introduction of SMS alerts to clients for requests made through FirstNet. This enables us to streamline the way we process requests submitted through FirstNet Adviser, which significantly reduces signature mismatches and support calls you receive and reduces delays.
SMS alerts will let your FirstChoice clients know when a particular transaction has been requested, so if there are any concerns, or your client is unaware of the request, they can reach out to you.
The forms submitted through FNA that we'll send SMS alerts for are:
- Withdrawals to a new bank account,
- Updates to their bank account details,
- New ASFs or increases to existing ASFs,
- Requests to appoint a Power of Attorney, and
- Requests to transfer or accept units.
We recommend you ask your clients to keep an eye out for these new text alerts and check their mobile details are up to date. Text alerts start from June this year.
Stay tuned for similar signature matching and SMS alerts process for FirstWrap in the coming weeks.
Here’s an example of the SMS alerts your clients will receive.
We’re here to help
If you have any questions please speak with your local Business Development Team or call us on 13 18 36 (Monday to Friday, 8am – 7pm, Sydney time).
Adviser use only
Colonial First State Investments Limited ABN 98 002 348 352, AFSL232468 (Colonial First State) 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.
This is based on the understanding of current regulatory requirements and laws as at June 2021. 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 Colonial First State or any member of the Commonwealth Bank group of companies, 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 cfs.com.au or by calling us on 13 18 36.
The content displayed on this page is intended for financial advisers only