This notice provides an update regarding amounts that may be paid to your adviser following the ban on conflicted remuneration.
This update applies to the following products and should be read in conjunction with the section titled What is paid to your adviser? in the relevant Product Disclosure Statement:
- FirstChoice Super and Pension;
- FirstChoice Wholesale Super and Pension;
- FirstChoice Investments;
- FirstChoice Wholesale Investments.
What is paid to your adviser?
Australian financial services licensees (Licensee), who have an arrangement with us, may receive a volume based payment to the extent that it is permitted under law. This remuneration will be paid out of the management fees, and is not an additional cost to you.
Due to legislative changes, from 1 July 2014 we may no longer be able to pay this remuneration to the Licensee. Depending on whether your adviser meets certain eligibility requirements, this may result in you effectively paying a reduced fee where we decide to rebate some or all of this fee. If you are eligible to receive this payment, this transaction will be referred to as a ‘Fee rebate’.
If you have any questions or would like a copy of this information free of charge, please call us on 13 13 36, 8am to 7pm, Sydney time.
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.