Colonial First State Super Review

fees, investment returns, and how to join

Colonial First State (CFS) is a superannuation and wealth management company established in 1988. CFS offers superannuation and retirement products to individuals, corporate entities, and superannuation fund investors. As one of Australia's leading retail super funds, Colonial First State manages nearly $89 billion in retirement savings for over 615,000 members.

We review CFS Super's performance, fees, investment options, and how it compares to Stockspot. Stockspot's Super product offers a transparent, low-cost alternative for investors who prefer ETFs and automated portfolio management to grow their retirement savings.

Who is Colonial First State Super?

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 615,000 members.

All figures are accurate as at 31 December 2024, unless otherwise stated. The 30 June 2024 data was unavailable on the Colonial First State website at the time of writing

CFS_Super_Homepage_May24

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Colonial First State Super vs Stockspot Super

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Discover the power of low-cost index investing with Stockspot Super

An ETF-only super product with personalised advice that's tailored to your age. Stockspot Super is offered as the Stockspot MDA on Super Simplifier.

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.

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Frequently asked questions

Who owns Colonial First State Super?

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%.

What does Colonial First State Super invest in?

Colonial First State Super offers a range of investment options depending on the product selected. CFS invests globally in various asset classes, including:

  • Australian and international shares
  • Property
  • Infrastructure
  • Fixed income
  • Alternative investments

This diversified portfolio allows members to align their super investments with their long-term financial goals and risk preferences.

Colonial First State Class Action and Updates

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.

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