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CFS delivers third consecutive year of outstanding results with strong 2024-25 returns
CFS has once again delivered outstanding returns for members in MySuper balanced and growth options in the 2024-25 financial year*, continuing our consistently strong investment performance.
- CFS has delivered three consecutive years of double-digit growth for members invested in MySuper growth and balanced options#.
- Members continue to benefit from some of the lowest administration fees available^.
- Testament to the CFS Investment team's active management during volatile markets and uncertain trading conditions.
CFS has delivered a third consecutive year of double-digit returns for members in MySuper growth and balanced options#. This continues our consistently strong super investment performance despite the volatility in global markets.
The CFS Investment team took steps to manage increasing market volatility throughout the 2024-25 financial year. This, combined with the resilience of global and Australian share markets, underpinned CFS’ strong performance.
FirstChoice Employer Super net returns, according to CFS investment performance data for the 2024-25 financial year as at 2 July 2025*, included:
- 12.80% Growth – Lifestage 1975-79
- 11.36% Balanced – Lifestage 1965-69
FirstChoice Wholesale Personal Super net returns, according to CFS investment performance data for the 2024-25 financial year as at 2 July 2025*, included:
- 12.93% CFS Enhanced Index Growth
- 11.75% CFS Enhanced Index Balanced
CFS Chief Investment Officer, Jonathan Armitage, said the strength in emerging market share prices also contributed to the results.
"Pleasingly, the strong returns we have delivered over the past three years have positioned us among the top-performing funds in the country,” Jonathan said.
"This achievement underscores our commitment to delivering consistent value to our members."
Consistently strong returns over consecutive years
Results for the 2024-25 financial year backed up strong returns in preceding years, delivering annualised three-year net returns# including:
- 13.07% Growth – Lifestage 1975-79
- 11.33% Balanced – Lifestage 1965-69
For FirstChoice Wholesale Personal Super members, annualised three-year net returns# included:
- 11.33% CFS Enhanced Index Growth
- 10.26% CFS Enhanced Index Balanced
Kelly Power, Chief Executive Officer of Colonial First State Superannuation, said CFS had delivered another year of great service to members.
“Our members look to us for strong investment performance, low fees, and good customer service, and we are proud to be consistently delivering for them in all these areas,” Kelly said.
Strong performance starting to normalise due to rising global volatility
CFS super members benefited from another year of strong returns despite rising geopolitical risks and policy uncertainty leading to changed global trade conditions, Jonathan said.
"The recovery in equity markets following the sharp sell-off at the start of April this year, triggered by significant tariffs from the Trump administration, is a testament to how quickly markets can shift,” he said.
But he said such movement illustrated the volatile nature of the current market environment and warned that uncertainty remains higher than usual.
“As we anticipated, investment returns are now starting to come back down to more normalised levels but remain higher than long running averages,” Jonathan said.
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* CFS investment performance data based on net returns for the 2024-25 financial year to 30 June 2025, as calculated at 2 July 2025.
^ Super fund average admin fees are based on the Chant West Super Fund Fee Survey at 31 March 2025 that compares average fees by segments and across four investment risk categories. Administration fees of FirstChoice Wholesale Personal Super options (excluding FirstRate options) for a member balance of $50,000, is 0.20% p.a. It does not take into consideration investment fees and costs or transaction costs. Please see the PDS for these fees and costs.
#CFS investment performance data based on net returns to 30 June for the 2024-25 financial year, 2023-24 financial year and 2022-23 financial year, as calculated at 2 July 2025. Three-year returns are calculated on a cumulative year-on-year basis which are then annualised.
Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Information on this webpage is provided by AIL. It 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 https://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 13 13 36.