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 but non-guaranteed subsidiary of the 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 at commbank.com.au/essentialsuper-documents call us on 13 4074 or +61 2 9303 3000 if overseas 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.
The insurance provider is The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFS Licence 235035 (‘the insurer’).The insurer is a wholly owned but non-guaranteed subsidiary of the Bank. It is proposed that the life insurance policies issued by the insurer will be transferred to AIA Australia Limited (AIA) (which is part of the AIA Group). This transfer is subject to certain conditions being met including court approval which is expected to be received in the first half 2021. Pending this transfer the Bank and AIA have entered into a Joint Cooperation Agreement, under which AIA has an appropriate level of direct management and oversight of the insurer’s business.