FirstChoice Pension - Changes to fees and commissions
From 1 June 2020:
- We’re reducing investment fees across all investment options by between 0.60% and 1.00% pa.
- We’re changing the thresholds and rates for portfolio rebate.
- Adviser commission and any associated fee rebates to members will cease on member accounts established before 11 June 2013.
- At the same time, we’re adjusting the interest rates paid on FirstRate Saver accounts.
- On 16 March 2020, interest rates for new FirstRate Term Deposits were adjusted to reflect these changes.
- From 15 June 2020, insurance commission payments will cease on FirstChoice Personal Super.
Members will receive a notice advising them how this affects their account.
Click here to learn more about the changes we're making.