In January 2019, we introduced some changes to fee arrangements in the Personal Pension Plan.
The following changes apply to all Personal Pension Plan accounts opened before 11 June 2013:
FEE REBATE FOR MEMBERS WITH NO FINANCIAL ADVISER
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 0.40% 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.
ADVISER COMMISSION REBATES
Where a financial adviser is linked to your account, we may pay commissions to them from the fees that we receive. From January 2019, financial advisers have the ability to rebate some or all of the commissions they receive to you. Your financial adviser can confirm if you are able to receive any commission rebates.
Please note: If you opened your account before 11 June 2013 and have linked a new financial adviser to your account after this time, you will also receive a fee rebate from January 2019.
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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 colonialfirststate.com.au or by calling us on 13 13 36.