|A dominant player in Australia's platforms space, Colonial First State is reducing fees for over 500,000 Australians.
From June 2019, members across the FirstChoice Wholesale, FirstChoice Employer Super and FirstWrap Plus platforms will benefit from fee reductions.
At the same time, recognising the greater role low-cost, passive investments are playing in the evolving world of advice, Colonial First State will introduce three new low-cost index funds to the FirstChoice Wholesale and FirstWrap Plus investment menus.
The changes demonstrate Colonial First State's commitment to maintaining its position as one of the lowest cost platforms for advisers using managed fund portfolios. But they also go beyond price. Crediting adviser feedback with shaping much of the platform enhancements, Colonial First State is making a promise to support advisers in delivering efficient, low-cost and quality financial advice.