Colonial First State Super is a retail superannuation fund that has been operating for over three decades. Originally known as First State Fund Management, the fund underwent several name changes before becoming Colonial First State Super. Today, it is a major player in the Australian superannuation industry, with over $89 billion in assets under management and 650,000 members.
All figures are accurate as of 31 August 2024, unless otherwise stated. The 30 June 2024 data was unavailable on the Colonial First State website at the time of writing
If you're looking for an alternative to traditional pooled super funds, Stockspot plans to offer Australia’s first ETF-only super product. With its focus on low-cost indexing, it aims to provide a more transparent, tax-efficient, and tailored investment approach that aligns with your age.
Learn more
Colonial First State Super is managed by Avanteos Investments Limited (AIL), a trustee company responsible for overseeing CFS superannuation funds. CFS itself is majority-owned by Kohlberg Kravis Roberts & Co. L.P. (KKR) with a 55% stake, while the Commonwealth Bank of Australia holds 45%.
Colonial First State Super offers a range of investment options depending on the product selected. CFS invests globally in various asset classes, including:
This diversified portfolio allows members to align their super investments with their long-term financial goals and risk preferences.
Colonial First State has been involved in a class action regarding underperformance and high fees in certain products. For those looking for the latest updates, including the Colonial First State class action payout date, visit the Colonial First State Super website. Additionally, you can access information about the Colonial First State class action update to stay informed.