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.
AUTHOR
Staff Writer
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
