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FirstChoice Pension: Important changes to fees

In January 2019, we introduced some changes to fee arrangements in FirstChoice Pension.

The following changes apply to all FirstChoice Pension accounts opened before 11 June 2013:




From January 2019, if you do not have a financial adviser linked to your account, or if you remove your financial adviser from your account after this time, you will automatically receive a fee rebate to your account on future fees. The rebate is up to 0.60% (this will be reduced for GST) and reduces the total fees and costs that apply to your investment.


Rebates are calculated and paid monthly. If you close your account, your withdrawal amount will only include a rebate calculated to the end of the previous month. The rebate will be paid to your most conservative investment option (as determined by us), unless you nominate another investment option. If you receive a rebate, this transaction will be referred to as a ‘Fee rebate’ on your future statements.


Please note: If you opened your account after 11 June 2013, you already receive this fee rebate.

We're here to help

Please refer to the flyer for more information.


To find out how these changes may affect you, call us on 13 13 36, or speak to your financial adviser.

Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of super, pension and investment products. This document may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. A PDS for Colonial First State’s products are available at or by calling us on 13 13 36.