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From 15 February 2025, we’re changing insurance rate premiums and making enhancements that will take effect from 15 February 2025 for FirstChoice Wholesale Personal Super members.
Why we've made these changes
We have negotiated new rates with AIA, the insurance provider for CFS super products. AIA, like all insurers, periodically reviews insurance premiums to ensure that members are paying the appropriate amount for their cover and to allow them to continue paying claims to members in their time of need.
Summary of insurance premium rate changes
FirstChoice Wholesale Personal Super
-3.3% to -7.1%
No Change
+4.6% to +5.2%
Note: The actual premium changes may vary for each member due to factors such as occupation and underwriting loadings (if applicable). Due to rounding, actual dollar premium changes may also vary. We will be writing to your clients with further details. These insurance premium changes are provided by the insurer with a conditional three-year premium rate guarantee.
Improvements to your clients' insurance offer
The changes outlined in the Key Changes Flyer will be automatically applied to client accounts from 15 February 2025, so no action is required.
How your affected clients will be notified
Members will be notified of these upcoming changes from 5 December 2024. Here is an example of the communication that clients can expect to receive.
We're here to help
If you have any questions, please contact your Business Development Team or Adviser Services on 13 18 36, Monday to Friday between 8:30am – 6pm, Sydney time.
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Standard Operating Hours
8:30am to 6pm (Sydney time)
Holiday Period
CLOSED public holidays (25 to 26 Dec & 1 Jan)
23 Dec 2024 to 3 Jan 2025, 9am to 3pm (Sydney time)
6 to 10 Jan 2025, 8:30am to 5pm (Sydney time)
Adviser use only
Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Avanteos Superannuation Trust ABN 38 876 896 681 and issuer of CFS Edge Super and Pension. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the Investor Directed Portfolio Service (IDPS) operator and custodian of Avanteos Wrap Account Service and issuer of CFS Edge Investments.
Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at https://www.cfs.com.au/tmd which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36.