Extension of temporary waiver of administration fees
The administration fees set out in the Product Disclosure Statement dated 30 May 2022 will be waived for an extended period from 1 July 2022 to 31 August 2022. There is no change to the FirstRate Saver administration fee or any investment fees.
From 1 July 2022 to 31 August 2022, we’ll:
- reduce the percentage-based administration fee (other than FirstRate Saver) from 0.30% to 0% p.a.; and
- reduce the dollar-based administration fee from $10 to $0 p.a.
During this period, employer plan discounts on the percentage-based and dollar-based administration fees won’t apply and rebates won’t be paid into member accounts.
From 1 September 2022, the administration and investment fees we’ll charge will be as outlined in Product Disclosure Statement which will come into effect on that date.
Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the issuer of FirstChoice Employer Super offered from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. This document may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at www.cfs.com.au/tmd, which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 1300 654 666. All applications for these products must be on the application form attached to the PDS, which can be completed online (other than for FirstChoice Employer Super) or on paper. Applications for FirstChoice Employer Super can be made by speaking to your employer or Relationship Manager (RM).