From 1 August 2019, we’re reducing the management costs of the Nil Entry Fee (NEF) investment options by 0.45% p.a.
The maximum rate of trail commission that may be paid to your financial adviser will be reduced to 0.4% p.a. (excl. GST) from 0.8% p.a.
Following these changes, the net cost to you therefore either reduces or remains unchanged, depending on the commission arrangement in you may have in place with your adviser.
If you are affected by this change, we will write to you to let you know how this has impacted your account.
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.