CFS’ FirstChoice hits $80b FUM

Colonial First State’s (CFS’) FirstChoice has announced it has hit $80 billion in funds under management (FUM) in its 15th year of running the platform.

CFS also announced its investment team now manages $40 billion of multi-manager and life stage portfolios across superannuation, pensions, and investments.

The firm also pointed to Roy Morgan Research’s ‘Superannuation Satisfaction Survey’, which measures the level of satisfaction Australians have with the financial performance of their super funds. The latest survey for the six months to March 2017 showed CFS had moved up third position in overall rankings of retail and industry super funds.

It ranked first in customer satisfaction levels in the retail sector.

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