Following a recent review of investment options, a decision has been made to close the investment options listed in the table below.

Product
Investment option
Product
FirstChoice Wholesale Investments
Investment option
FirstChoice Wholesale Investments

FirstRate Wholesale Term Deposits

Product
FirstChoice Investments
Investment option
FirstChoice Investments

FirstRate Term Deposits

Product
FirstChoice Wholesale Investments
Investment option
FirstChoice Wholesale Investments

FirstRate Wholesale Saver

Product
FirstChoice Investments
Investment option
FirstChoice Investments

FirstRate Saver

How will this impact me?

 

To allow investors sufficient time to decide the most effective way to allocate their money, the closure of the investment options will happen in stages.

Product
Investment option
Termination and Closure Date
Direction of Funds
Product
FirstChoice Investments, FirstChoice Wholesale Investments
Investment option
FirstChoice Investments, FirstChoice Wholesale Investments

FirstRate Term Deposits

Termination and Closure Date
FirstChoice Investments, FirstChoice Wholesale Investments

6 August 2021  

Direction of Funds
FirstChoice Investments, FirstChoice Wholesale Investments

13 April 2021

Product
FirstChoice Investments, FirstChoice Wholesale Investments
Investment option
FirstChoice Investments, FirstChoice Wholesale Investments

FirstRate Saver

Termination and Closure Date
FirstChoice Investments, FirstChoice Wholesale Investments

26 August 2021

Direction of Funds
FirstChoice Investments, FirstChoice Wholesale Investments

We will pay each deposit holder the proceeds from the termination to their nominated bank account from 26 August 2021.

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Things you should know

Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale 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.