If you’d like further information, please call our Essential Super team on 13 4074, 8am - 7pm Monday to Friday (Sydney time).
On 16 March 2019, we’re updating our age based investment option, known as the ‘Lifestage option’, to be more tailored to your age.
For example, our current ‘1990s Lifestage’ option will be split into two new options: ‘Lifestage 1990-1994’ and ‘Lifestage 1995-1999’.
We are continuously making changes to help improve the product and the future financial wellbeing of our members.
Overall, the changes we’ve made are designed to improve investment outcomes and retirement savings.
16 March, 2019.1
You can view your current investment option in your latest statement online in NetBank and/or the CommBank app.
1 Your entire balance as at 15 March 2019 will be transferred on the 16 March 2019.
2 As we actively manage the asset allocation, the asset allocation of an individual Lifestage option may vary over time.
Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFS) is the issuer of interests in Commonwealth Essential Super ABN 56 601 925 435 (Essential Super) and is a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (Bank). This document may include general financial product advice but does not consider your individual objectives, financial circumstances or needs. You should read the Product Disclosure Statement (PDS) and the Reference Guide for Essential Super carefully and consider whether the information is appropriate for you before making any decision regarding this product. Download the PDS and Reference Guide, or call us on 13 4074 for a copy. The Bank and its subsidiaries do not guarantee the performance of Essential Super and an investment in this product is subject to risk, loss of income and capital invested. An investment in Essential Super is via a superannuation trust and is therefore not an investment in, deposit with or other liability of the Bank or its subsidiaries. Where we mention ‘we’, ‘us’ or ‘our’, we mean CFS.