ARTICLE: How to compare super funds
Think all superannuation funds are the same? They’re not. That’s why it’s important to choose one that’s right for you.
We recognise that some people are more active and regularly monitoring their super, deciding how it should be invested and making changes themselves. Others take a different approach and prefer to have a team of investment managers decide how their super should be invested. That’s where FirstChoice Lifestage can help – it’s an investment option designed to adjust how it invests throughout your working life to suit your changing needs.
Discover how FirstChoice Lifestage works
What were you doing 5 years ago?
Where do you want to be 5 years from now?
Things change a lot in five years - and so should your super’s investment strategy.
That’s where FirstChoice Lifestage can help, which is the default option in our FirstChoice Employer Super Fund. How your super is invested throughout your working life can affect final balance at retirement.
Unlike a single balanced fund that puts superannuation into a standard investment mix for a members’ whole working life, FirstChoice Lifestage automatically adjusts your super investments based on your age and market conditions. But while some other lifecycle funds place their members into 10-year age groups, FirstChoice Lifestage recognises how often your needs can change and instead places members into smaller, five-year age groups. Your investment mix gradually transitions from high-growth assets when you are younger to more defensive assets as you get closer to retirement to reduce the impact of volatile market conditions.
And the best bit? Our expert investment team will manage it all for you! So, just like your work and lifestyle can change every 5 years, your super can too. And we’re here to help you every step of the way.
As part of our ongoing commitment to improving long-term member outcomes, we believe it’s important to invest in a sustainable and responsible way. That’s why we have removed investments in companies associated with tobacco and controversial weapons production. So you can feel confident knowing your super is invested with the aim to have a positive impact on communities around us while also driving long-term returns.
FirstChoice Employer Super has received the highest quality rating from several research houses and industry experts for over 10 years. So, just like your career and lifestyle changes every 5 years, your super can too. And we’re here to help you every step of the way.
If you would like to know more, visit our website or give us a call today. colonialfirststate.com.au/firstchoicelifestage 1300 654 666.