Who took over Colonial Mutual Life?
On 30 September 2019, Colonial Mutual Superannuation Pty Limited (CMS), retired as Trustee and was replaced by Equity Trustees Superannuation Limited (ETSL) (ABN 50 055 641 757 AFSL No.
When did CBA take over Colonial Mutual?
2000
Colonial Mutual
| CML building, Christchurch | |
|---|---|
| Formerly | Colonial Mutual Life Assurance Society Limited |
| Founder | Sir Redmond Barry |
| Fate | Acquired by Commonwealth Bank of Australia in 2000 that operates Colonial First State as a subsidiary. |
| Headquarters | Melbourne, Victoria , Australia |
Who owns colonial super retirement fund?
Commonwealth Bank of Australia
Colonial Mutual Superannuation Pty Ltd is the trustee of the Fund. The Trustee holds an RSE Licence under SIS and is a wholly owned subsidiary of Commonwealth Bank of Australia. The Fund is a regulated and registrable superannuation entity in accordance with SIS.
Is Colonial First State a good super fund?
In recent years Colonial First State FirstChoice has won the following awards: 2021: Best Fund: Longevity Product (Chant West) 2021: Best Value Income Protection Insurance in Super (Money magazine) 2021: Highest Super Performer (Money magazine)
Is Colonial Mutual the same as Colonial First State?
In 1994, Colonial Mutual acquired the State Bank of New South Wales, and the merged entity was subsequently rebranded as Colonial First State. CFS demutualised in 1997 and in 2000, it was acquired by the Commonwealth Bank.
Who bought Colonial Life?
Unum subsidiary
Unum subsidiary Unum acquired Colonial Life in 1993 for $571 million.
Is CommInsure part of CBA?
Commonwealth Bank of Australia (CBA) today announced it has entered into an agreement to sell its Australian general insurance business (CommInsure General Insurance) to the Hollard Group (Hollard), and establish an exclusive 15-year strategic alliance with Hollard for the distribution of home and motor vehicle …
Is Colonial First State owned by CBA?
In 1994, Colonial Mutual acquired the State Bank of New South Wales, and the merged entity was subsequently rebranded as Colonial First State. CFS demutualised in 1997 and in 2000, it was acquired by the Commonwealth Bank….Colonial First State.
| Type | Subsidiary |
|---|---|
| AUM | AU$144 billion |
| Parent | Commonwealth Bank |
| Website | colonialfirststate.com.au |
Does Colonial First State still exist?
Colonial First State. The Colonial First State currently manages and administers more than $110 billion of funds globally and is one of the largest fund managers in Australia. The Commonwealth Bank, is an international banking and financial services company and is listed on the Australian Stock Exchange.
Is Colonial First State a bank?
Colonial First State is a subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 AFS Licence 234945 (‘the Bank’). The Bank and its subsidiaries do not guarantee the performance of FirstChoice products or the repayment of capital by these products.
Is the colonial super Retirement fund a MySuper fund?
Colonial Super Retirement Fund is a Public offer Retail fund. Colonial Super Retirement Fund has 558 investment options, 0 MySuper products authorised and 0% of its total assets are invested in a default or MySuper strategy. Learn more about MySuper funds.
What’s the average return on a colonial super?
Average return. Colonial Super Retirement Fund return. Colonial Super Retirement Fund ranking. 1 year (2017) 7.01%. 7.50%. Ranked 90 of 164 funds. 5 years (2013-2017)
How to contact Colonial Mutual Group about pension?
Give them a ring or write, sending a copy of the pension certificate. Winterthur appear to taken over Colonial’s pension business but this would be separate from the staff scheme. CBA may have retained other parts of CM’s activities. This discussion has been closed. No quarantine for fully vaccinated holidayers…
Who is the owner of Factory Mutual superannuation fund?
Fund’s RSE licensee Equity Trustees Superannuation Limited Public offer status Public offer Fund type Retail RSE licensee ownership type Financial services corporation ownership RSE licensee profit status For profit status