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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.

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