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Comparisons are independently conducted by SuperRatings

RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super
^ ^

Overview
SuperRatings Summary
A "best value for money" superannuation fund. Well A "good value for money" superannuation fund that is strong
balanced across all key assessment criteria in a robust, in nearly all assessment areas but with average features
secure and proven risk framework. The fund provides and/or performance in one or more of our assessment
features that should assist most individuals to meet their criteria. You should contact your financial adviser or this fund
retirement savings goals. You should contact your financial before making an investment decision.
adviser or this fund before making an investment decision.

About this fund

Division Assessed Employer Division Assessed Employer
No. of Members 2,240,937 No. of Members 774,338
Fund Size $119,391,056,334 Fund Size $63,554,180,659
Public Offer Yes Public Offer Yes
Product Type Industry-Public Offer Product Type Master Trust-Corporate
Target Market All Industries Target Market All Industries
Website www.australiansuper.com Website www.colonialfirststate.com.au
Phone 1300 300 273 Phone 1300 654 666; 0293033000

What we say
Established in 2006, AustralianSuper is a public offer Colonial First State FirstChoice Employer division was
multi-industry superannuation fund that manages over established in 2002 and is open to employees of
$100 billion in assets. It offers a low fee structure and participating employer groups and their spouses.
continues to deliver excellent returns to over two million The fund offers a comprehensive choice of over 40
members. investment options, allowing members to tailor their
AustralianSuper members have access to 12 Diversified investments to their individual needs. The 12 investment
and Single Sector investment strategies, with a Socially 'Lifestage' strategy introduced in June 2013 is the funds
Aware option available to members who are concerned default investment option and is based on the year of
about environmental, human and labour rights issues. their birth. As members get older their growth assets
Furthermore, access to Term Deposits, ETFs and ASX300 automatically decline. The FirstChoice Moderate Select
shares is provided via the Member Direct option (Use of option has underperformed the SuperRatings Index over
the Member Direct option entails additional costs). The the short term, however the extensive investment menu
Balanced option has delivered consistently strong means returns vary depending on the option and
outperformance over the short to long term, providing manager selected.
members with top-quartile returns. Fees are above than the industry average across larger
Fees for the Balanced option are well below the industry account balances, however fee rebates are available
average across all assessed account balances. No and further discounts may apply depending on the
switching fees are charged, however exit fees do apply. specific employer plan. A Buy-Sell spread forms part of
AustralianSuper offers a full suite of insurance cover which the fee structure and there is no exit fee.
includes Death only, Death/TPD and Income Protection A full suite of comprehensive insurance is accessible
(IP). Members are provided with up to $600,000 of Death through Colonial FirstChoice Employer. Conditions are
and/or TPD cover without any health checks, and up to flexible and features are extensive, including Death cover
$1 million worth of cover with a few health questions. IP to age 75. Income Protection (IP) is offered to a
covers up to 85% of a member's salary over a 2 year maximum of 85% of salary (including super benefits) with
benefit period or to age 65, with a choice of 30 day or a choice of 30, 60 or 90 day waiting periods and 2 year,
60 day waiting periods. 5 year or to age 65 benefit periods.
The fund's strong performance across key assessment Colonial FirstChoice Employer offers members and
criteria has contributed to its achievement of a 14th employers online access to their account via FirstNet, as
consecutive Platinum rating. well as interactive educational services. Comprehensive
and regular reporting featuring bi-annual benefit
statements are also available.

^ To better understand this report, the ratings, symbols and limitations, you should read the 'Understanding This Report' section at the end of the report.
02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
2
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super

Overview - continued
What they say
Strong investment returns and low fees FirstChoice Employer Super gives employees access to
Flexible investment choice - 13 options including the great investment options from some the best fund
Member Direct option managers.
Award winning communication and investor education Plus competitive fees, flexible insurance options and
education tools to help you understand your investment.
Free workplace, retirement and education seminars
Profits to members not shareholders
Commission free financial advice
Online account access - manage and track your
account online 24/7

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
3
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
 RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super
Performance Excellent Performance Below Average
Balance (%)

Balance (%)

Investment
Variety of Options Excellent Variety of Options Good
Process Excellent Process Good

Net Benefit on $50,000

$100K $100K

$90K $90K

$80K $80K

$70K $70K

$60K $60K

$50K $50K

$40K $40K
2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017
AustralianSuper Average CFS FirstChoice - Emp Super Average

Investment Performance (Key Options)

FYTD 2017 2016 2015 2014 2013 FYTD 2017 2016 2015 2014 2013

Balanced (Ind Avg) 10.5 10.5 2.8 9.6 12.7 14.7 Balanced (Ind Avg) 10.5 10.5 2.8 9.6 12.7 14.7

High Growth 13.8 13.8 3.7 12.7 16.2 17.3 FirstChoice Multi-Index - - - - - -
Growth Select
Balanced 12.4 12.4 4.5 10.9 13.9 15.6
FirstChoice Growth 9.5 9.5 0.5 8.9 13.1 16.5
Conservative Balanced 9.3 9.3 4.9 8.9 11.2 13.2
FirstChoice Moderate 8.0 8.0 1.9 8.4 10.7 -
Stable 7.2 7.2 5.1 7.0 8.3 9.3 Select
Capital Guaranteed 1.7 1.7 2.1 4.9 2.3 3.5 FirstChoice Moderate 7.0 7.0 1.2 7.6 10.5 13.4
CPI 1.9 1.9 1.0 1.5 3.0 2.4 FirstChoice Conservative 3.6 3.6 2.0 4.9 6.8 7.4
FYTD to 30/06/2017 FirstChoice Defensive 1.8 1.8 2.5 3.9 4.7 4.8
CPI 1.9 1.9 1.0 1.5 3.0 2.4

FYTD to 30/06/2017

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
4
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super

Investment - continued
Core Investment Options Available
Diversified Options Growth Assets % Diversified Options Growth Assets %
High Growth 81.5% FirstChoice Multi-Index Growth 80%
Balanced 68.5% Select
Conservative Balanced 47.5% FirstChoice Growth 80%
Stable 29.8% FirstChoice Moderate Select 60%
Capital Guaranteed 0% FirstChoice Moderate 60%
FirstChoice Conservative 30%
FirstChoice Defensive 10%
Single Sector Options Single Sector Options
Australian Shares FirstChoice Australian Share
International Shares FirstChoice Global Share
Property FirstChoice Fixed Interest
Diversified Fixed Interest FirstChoice Property Securities
Cash
Single Manager Options Single Manager Options
Not Available 31
Individual Shares Individual Shares
Available Not Available
Term Deposits Term Deposits
Available Not Available

Asset Allocation
AustralianSuper CFS FirstChoice - Emp Super

31% International Shares 20% International Shares

24% Australian Shares 22% Australian Shares

9% Property 4% Property

14% Alternatives 13% Alternatives

7% Fixed Interest 28% Fixed Interest

5% Cash 12% Cash

10% Other 0% Other

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
5
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
 RateMySuper
AustralianSuper Colonial First State -
Returns (%)

FirstChoice Employer Super

Investment - continued
Investment Performance Charts
Investment Performance Chart - SR50 Growth (77-90) Index
20

15

10

2.10
13.76

11.84

13.76

11.84

12.68

10.71

16.23

13.06
14.01

17.27

16.46
17.11
0.50
0.00
9.53

0.00
9.53

3.69
0.00

0.00
8.85

0.00

0.00
Returns (%)

0 FYTD 17 16 15 14 13
AustralianSuper - High Growth CFS FirstChoice - Emp Super - FirstChoice Multi-Index Growth Select
CFS FirstChoice - Emp Super - FirstChoice Growth SR Index - SR50 Growth (77-90) Index

Investment Performance Chart - SR50 Balanced (60-76) Index

20

15

10

5
2.81
1.94
1.22
12.44

10.53

12.44

10.53

10.86

13.88
10.72
10.49
12.66

15.63

13.44
14.73
8.01
7.04

8.01
7.04

4.54

8.39
7.56
9.60

0.00
Returns (%)

0 FYTD 17 16 15 14 13
AustralianSuper - Balanced CFS FirstChoice - Emp Super - FirstChoice Moderate Select
CFS FirstChoice - Emp Super - FirstChoice Moderate SR Index - SR50 Balanced (60-76) Index

Investment Performance Chart - SR25 Conservative Balanced (41-59) Index

15

10

5
11.25

13.21

11.26
9.26

7.20

9.26

7.20

4.87

2.82

8.88

7.28

9.64

0 FYTD 17 16 15 14 13
AustralianSuper - Conservative Balanced SR Index - SR25 Conservative Balanced (41-59) Index

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
6
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
 RateMySuper
Returns (%)

AustralianSuper Colonial First State -

FirstChoice Employer Super
Investment Performance Chart - SR50 Capital Stable (20-40) Index

Investment - continued
10

5
7.20

3.61

5.28

7.20

3.61

5.28

5.15

2.03

3.36

7.05

4.93

5.66

8.31

6.78

7.33

9.26

7.42

8.29
Returns (%)

0 FYTD 17 16 15 14 13
AustralianSuper - Stable CFS FirstChoice - Emp Super - FirstChoice Conservative
SR Index - SR50 Capital Stable (20-40) Index

Investment Performance Chart - SR25 Secure (0-19) Index

5

1
1.71

1.75

2.08

1.71

1.75

2.08

2.07

2.55

2.17

4.92

3.92

2.49

2.27

4.66

2.94

3.50

4.78

3.70
0 FYTD 17 16 15 14 13
AustralianSuper - Capital Guaranteed CFS FirstChoice - Emp Super - FirstChoice Defensive
SR Index - SR25 Secure (0-19) Index

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
7
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
 RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super
Small Account (50K) Excellent Small Account (50K) Average

Fees
Medium Account Excellent Medium Account Average
(250K) (250K)
Large Account (500K) Excellent Large Account (500K) Average

Typical Fees on $50,000

Calculated Fees $363 Calculated Fees $665
Member Fee $78 Member Fee $60
Admin Fee (%pa) 0% Admin Fee (%pa) 0.6%
Investment Fee (%pa) 0.57% Investment Fee (%pa) 0.61%

Activity Fees
Switching Fee $0 Switching Fee $0
Withdrawal Fee $35 Withdrawal Fee $0
Termination Fee $0 Termination Fee $0
Family Law Request Fee $50 Family Law Request Fee $0
Family Law Split Fee $70 Family Law Split Fee $0
Contribution Split Fee $70 Contribution Split Fee $0

Other Fees
Platform Fee $395 Platform Fee -
Direct Share Trans Fee $15 Direct Share Trans Fee -
Direct Share Brokerage 0.3% Direct Share Brokerage -
Fee Fee
Buy Sell Spread Fee - Buy Sell Spread Fee 1%
Fees ($)

Fee Comparison

1400

1200

1000

800

600

400
120.50

115.96
106.50

200
1270.00
363.00

665.00

480.56

648.00

890.18

0 $5K $50K $100K

AustralianSuper Colonial First State - FirstChoice Employer Super Industry Average Fees

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
8
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super
Death Insurance Average Death Insurance Good

Insurance
Death & Disablement Average Death & Disablement Average
Income Protection Average Income Protection Excellent

Death Cover
Insurance Provider TAL Life Limited Insurance Provider CommInsure
Minimum Level of Cover $0 Minimum Level of Cover -
Maximum Level of Cover - Maximum Level of Cover $5,000,000
Covered During unpaid Yes Covered During unpaid Yes
leave leave
Covered whilst overseas Yes Covered whilst overseas Yes
Full time employee type Yes Full time employee type Yes
Minimum age 15 Minimum age 15
Maximum age 70 Maximum age 75
Min hours work p/w 0 Min hours work p/w 0

Death and TPD Cover

Insurance Provider TAL Life Limited Insurance Provider CommInsure
Minimum Level of Cover $0 Minimum Level of Cover -
Maximum Level of Cover $3,000,000 Maximum Level of Cover $3,000,000
Covered During unpaid Yes Covered During unpaid Yes
leave leave
Covered whilst overseas Yes Covered whilst overseas Yes
Full time employee type Yes Full time employee type Yes
Minimum age 15 Minimum age 15
Maximum age 65 Maximum age 65
Min hours work p/w 0 Min hours work p/w 15

Income Protection Cover

Insurance Provider TAL Life Limited Insurance Provider CommInsure
Minimum Level of Cover $0 Minimum Level of Cover -
Maximum Level of Cover $30,000 Maximum Level of Cover $25,000
Covered During unpaid Yes Covered During unpaid Yes
leave leave
Covered whilst overseas Yes Covered whilst overseas Yes
Full time employee type Yes Full time employee type Yes
Minimum age 15 Minimum age 15
Maximum age 70 Maximum age 65
Min hours work p/w 0 Min hours work p/w 15
Maximum % of monthly 85% Maximum % of monthly 85%
salary covered salary covered
IP Waiting days available 30,60 IP Waiting days available 30,60,90

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
9
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super

Insurance - continued
Insurance Premium - Death $1 per week
Male White Collar Male Blue Collar
140000 100000
120000
80000
100000
60000
Cover ($)

Cover ($)
80000
60000 40000
40000
20000
20000
0 0
20 30 40 50 60 20 30 40 50 60
Industry Median AustralianSuper Industry Median AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

Female White Collar Female Blue Collar

250000 200000

200000
150000
150000
Cover ($)

Cover ($)

100000
100000
50000
50000

0 0
20 30 40 50 60 20 30 40 50 60
Industry Median AustralianSuper Industry Median AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

Insurance Premium - Death & TPD $1 per week

Male White Collar Male Blue Collar
80000 60000
70000 50000
60000
50000 40000
Cover ($)

Cover ($)

40000 30000
30000 20000
20000
10000 10000
0 0
20 30 40 50 60 20 30 40 50 60
Industry Median AustralianSuper Industry Median AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
10
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super

Insurance - continued
Insurance Premium - Death & TPD $1 per week
Female White Collar Female Blue Collar
160000 80000
140000 70000
120000 60000
100000 50000
Cover ($)

Cover ($)
80000 40000
60000 30000
40000 20000
20000 10000
0 0
20 30 40 50 60 20 30 40 50 60
Industry Median AustralianSuper Industry Median AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

Insurance Premium - Income Protection $1 per week

Male White Collar 30 day Male Blue Collar 30 day
30000 14000
25000 12000
10000
20000
Cover ($)

Cover ($)

8000
15000
6000
10000
4000
5000 2000
0 0
20 30 40 50 60 20 30 40 50 60
Industry Median AustralianSuper Industry Median AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

Female White Collar 30 day Female Blue Collar 30 day

30000 12000
25000 10000
20000 8000
Cover ($)

Cover ($)

15000 6000
10000 4000
5000 2000
0 0
20 30 40 50 60 20 30 40 50 60
Industry Median AustralianSuper Industry Median AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
11
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super

Insurance - continued
Insurance Premium - Income Protection $1 per week
Male White Collar 60 day Male Blue Collar 60 day
120000 70000
100000 60000
50000
80000
Cover ($)

Cover ($)
40000
60000
30000
40000
20000
20000 10000
0 0
20 30 40 50 60 20 30 40 50 60
Industry Median AustralianSuper Industry Median AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

Female White Collar 60 day Female Blue Collar 60 day

120000 70000
100000 60000
50000
80000
Cover ($)

Cover ($)

40000
60000
30000
40000
20000
20000 10000
0 0
20 30 40 50 60 20 30 40 50 60
Industry Median AustralianSuper Industry Median AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

Insurance Premium - Income Protection $1 per week

Male White Collar 90 day Male Blue Collar 90 day
100000 50000

80000 40000

60000 30000
Cover ($)

Cover ($)

40000 20000

20000 10000

0 0
20 30 40 50 60 20 30 40 50 60
Industry Median Industry Median
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
12
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super

Insurance - continued
Insurance Premium - Income Protection $1 per week
Female White Collar 90 day Female Blue Collar 90 day
70000 35000
60000 30000
50000 25000
Cover ($)

Cover ($)
40000 20000
30000 15000
20000 10000
10000 5000
0 0
20 30 40 50 60 20 30 40 50 60
Industry Median Industry Median
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

Insurance Premium - Long Term Income Protection $1 per week

Male White Collar 30 day Male Blue Collar 30 day
8000 4000
7000 3500
6000 3000
5000 2500
Cover ($)

Cover ($)

4000 2000
3000 1500
2000 1000
1000 500
0 0
20 30 40 50 60 20 30 40 50 60
AustralianSuper AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

Female White Collar 30 day Female Blue Collar 30 day

5000 3000

4000 2500
2000
3000
Cover ($)

Cover ($)

1500
2000
1000
1000 500
0 0
20 30 40 50 60 20 30 40 50 60
AustralianSuper AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
13
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super

Insurance - continued
Insurance Premium - Long Term Income Protection $1 per week
Male White Collar 60 day Male Blue Collar 60 day
12000 7000
10000 6000
5000
8000
Cover ($)

Cover ($)
4000
6000
3000
4000
2000
2000 1000
0 0
20 30 40 50 60 20 30 40 50 60
Industry Median AustralianSuper Industry Median AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

Female White Collar 60 day Female Blue Collar 60 day

10000 5000

8000 4000

6000 3000
Cover ($)

Cover ($)

4000 2000

2000 1000

0 0
20 30 40 50 60 20 30 40 50 60
Industry Median AustralianSuper Industry Median AustralianSuper
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

Insurance Premium - Long Term Income Protection $1 per week

Male White Collar 90 day Male Blue Collar 90 day
25000 12000

20000 10000
8000
15000
Cover ($)

Cover ($)

6000
10000
4000
5000 2000
0 0
20 30 40 50 60 20 30 40 50 60
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
14
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super

Insurance - continued
Insurance Premium - Long Term Income Protection $1 per week
Female White Collar 90 day Female Blue Collar 90 day
14000 7000
12000 6000
10000 5000
Cover ($)

Cover ($)
8000 4000
6000 3000
4000 2000
2000 1000
0 0
20 30 40 50 60 20 30 40 50 60
CFS FirstChoice - Emp Super CFS FirstChoice - Emp Super

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
15
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super
Member Education Excellent Member Education Good

Member Servicing
Advice Services Good Advice Services Good

Member Communications
Statement Frequency Annual Statement Frequency -
Newsletters Yes Newsletters Yes

Financial Advice
Scaled Advice Availablity Scaled Advice Availablity
Telephone Yes Telephone -
Internet No Internet -
Face to Face Yes Face to Face -
Cost of Scaled Advice Subsidised by Fund Cost of Scaled Advice -
Comprehensive Financial Planning Services Comprehensive Financial Planning Services
Super Yes Super No
Managed Funds Yes Managed Funds -
Direct Shares No Direct Shares -
Life and Accident Yes Life and Accident -
Estate Planning No Estate Planning -
SMSF No SMSF -

Fund Extras
Home Loans Yes Home Loans No
Credit Cards Yes Credit Cards No
Bank Accounts Yes Bank Accounts -
Health Insurance Yes Health Insurance No
Reverse Mortgages No Reverse Mortgages -
Travel and No Travel and -
Accommodation Accommodation
Entertainment No Entertainment -
Telecommunications No Telecommunications -
Utilities No Utilities -
Shopping Discounts Yes Shopping Discounts -
Gym Membership No Gym Membership -
Discounts Discounts
Free Consolidation Yes Free Consolidation Yes
Service Service
Lost Super Search Service Yes Lost Super Search Service -
Anti-Detriment Payments Yes Anti-Detriment Payments Yes
QROPS Registered No QROPS Registered No
Trans-Tasman Portability No Trans-Tasman Portability Yes

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
16
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super
Structure & Service Good Structure & Service Excellent

Administration
Employer Servicing Excellent Employer Servicing Excellent

Member Call Centre

Phone Number 1300 300 273 Phone Number 1300 654 666; 0293033000
Opening Hours 8:00am - 8:00pm Opening Hours 8:00am - 7:00pm
Transactions over the phone Transactions over the phone
Switch between investment Yes Switch between investment Yes
options options
Change investment option Yes Change investment option Yes
selections for regular selections for regular
contributions contributions
Change of address Yes Change of address Yes
Nominated Beneficiary Yes Nominated Beneficiary Yes
changes changes
Notify Tax File Number Yes Notify Tax File Number Yes
Obtain a benefit quotation Yes Obtain a benefit quotation Yes
Changes to insurance Yes Changes to insurance Yes
choices choices
Obtain quotes for insurance Yes Obtain quotes for insurance Yes
and income protection and income protection
options options

Internet based Service

Online Transactions Online Transactions
Personal contributions Yes Personal contributions Yes
Switches between investment Yes Switches between investment Yes
options options
Change investment option Yes Change investment option Yes
selections for regular selections for regular
contributions contributions
Full withdrawals Yes Full withdrawals Yes
Partial withdrawals Yes Partial withdrawals Yes
Change pension Yes Change pension -
arrangements arrangements
Change of address Yes Change of address Yes
Nominated beneficiary Yes Nominated beneficiary Yes
changes changes
Notify Tax File Number Yes Notify Tax File Number Yes
Obtain a benefit quotation Yes Obtain a benefit quotation Yes
Change insurance cover Yes Change insurance cover -
levels levels
Obtain online quotes for Yes Obtain online quotes for -
insurance cover insurance cover
TTR Top-Up Yes TTR Top-Up -
Mobile Compatible Site Yes Mobile Compatible Site Yes

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
17
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super

Administration - continued
Contribution Collection
Payment Techniques Payment Techniques
Cash Yes Cash Yes
Cheque Yes Cheque Yes
BPAY Yes BPAY Yes
PostBill Pay Yes PostBill Pay -
Credit card No Credit card -
EFTPOS Yes EFTPOS -
Direct debit Yes Direct debit Yes
Direct Credit/EFT Yes Direct Credit/EFT Yes
Validation Process Daily Crediting Rates Validation Process Daily Unit Prices

Adviser Servicing
Dedicated Adviser Site Yes Dedicated Adviser Site Yes
Produce Reports No Produce Reports Yes
Transact on behalf of Yes Transact on behalf of Yes
members members
Provision of data feeds No Provision of data feeds Yes

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
18
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
RateMySuper
AustralianSuper Colonial First State -
FirstChoice Employer Super
Trustee Structure & Risk Excellent Trustee Structure & Risk Good

Governance
Trustee Structure
Number of Directors 10 Number of Directors 6
Independent Directors Yes Independent Directors Yes

Service Providers
Investment Adviser JANA Investment Advisers Pty Investment Adviser In-house
Ltd and Frontier Advisors Pty
Ltd
Custodian JPMorgan Chase & Co; Custodian -
Superpartners Pty Ltd (bank
accounts)
Administrator Superpartners Pty Ltd & Administrator Self administered
Mercer (Australia) Pty Ltd,
Insurance Provider - TAL Life Limited Insurance Provider - CommInsure
Death & TPD Death & TPD
Insurance Provider - IP TAL Life Limited Insurance Provider - IP CommInsure

Public Disclosure
Trustee Remuneration Yes Trustee Remuneration -
Executive Remuneration Yes Executive Remuneration -
ESG Policy Yes ESG Policy Yes
Proxy Voting Policy Yes Proxy Voting Policy Yes

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
19
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.
Understanding this Report

Disclaimer
This report is a comparison of key features of the compared fund(s) and a summary analysis only. To understand the ratings and
symbols used, and also the background to some of the commentary you need to read the comments below.

Methodology Ratings
SuperRatings' rating methodology seeks to cover over 300 Platinum: Top "25% of funds"
individual parts of a superannuation fund's offering. The The best value for money funds. Well balanced
data assessed covers information both in the public across all key assessment criteria in robust,
domain as well as aspects which are sourced directly from secure and proven risk framework. This fund
funds (questionnaires). provides features that should assist most
For more information on the SuperRatings methodology individuals to meet their retirement savings goals.
refer to the full text of the SuperRatings methodology at
www.superratings.com.au/ratingsnawards/explained-ratings
Our ratings system covers seven main assessment Gold: Next "25% of funds"
components. These are reviewed both quantitatively and A good value for money superannuation fund
qualitatively and are individually weighted. strong in nearly all assessment areas.
Each rated fund is provided with regular 'Request for
Information' documents from SuperRatings to maintain our
data. Where a fund does not respond or the data
provided cannot be substantiated, then the response used
will, where appropriate, be assumed to be at the 75th
percentile of our universe.
Silver: Next "25% of funds"
A reasonable value for money fund performing
This report has been supplied to you by ISA. well in most assessment areas.
For any queries about the content, please see
www.SuperRatings.com.au. Any queries about the
application of the information contained in this report to
your particular circumstances should be directed to your
financial adviser and/or fund. Other: Next "25% of funds"
An Other rated fund usually has average or
Insurance below average features and/or performance
across a number of assessment areas. These
SuperRatings performs an in depth and comprehensive funds frequently have many competitors that
analysis of insurance premiums across a range of offer superior performance and structures in a
insurance options offered by the various funds. In this more efficient environment.
report only sample aged based premiums for one option
are displayed. For example, many funds offer insurance
with 30, 60 or 90 day waiting periods but for comparative
purposes only the 60 day waiting period is usually
displayed in this report. For more details on particular
insurance options reference should be made to the
relevant funds product disclosure statement.

SuperRatings Road Signs

Excellent: Score of 75%-100% "In the fast Below average: Score of below 25%
lane" "Traffic congestion"
Premium performer in this area. Well above Not quite up to speed. Lower than benchmark.
benchmark.

Good: Score of 51%-74% "Comfortable Alert: "Proceed with caution"

pace" For governance, advice & education,
Better than most funds. Above benchmark administration & investment process, analysis is
qualitative and the available information has
been insufficient to provide a rating, hence the
ALERT symbol.
Average: Score of 26%-50% "Cruising"
Placed close to benchmark Concern: "Requires Maintenance"
Based on an analysis of available information
there appear to be real problems in this area.

02/09/2017 12:16pm
SuperRatings Pty Ltd ABN 95 100 192 283 AFSL No. 311880 (SuperRatings) is a superannuation research house with specialist areas of expertise, that was originally established in 2002. This report is issued by SuperRatings, which has a commercial relationship with the
financial product issuer related to this research. Any express or implied rating or advice in this report is limited to General Advice (as defined in the Corporations Act 2001(Cth)) and based solely on consideration of the merits of the financial product(s) alone, without
taking into account the objectives, financial situation or particular needs (financial circumstances) of any particular person. Past performance is not a reliable indicator of future performance. SuperRatings does not warrant the accuracy or completeness of the
information in this report nor whether it may have material omissions or misstatements and disclaims all liability, to the extent permitted by law and regulation, in respect of this information. The reader should read the Product Disclosure Statement and seek advice
20
from a financial adviser before making a decision on the financial product. Any ratings are the property of SuperRatings and must not be reproduced (in part or whole) without written permission from SuperRatings. Copyright 2017 SuperRatings Pty Ltd.