FOR IMMEDIATE RELEASE

[Sydney, 1 March 2024] – Today marks a significant milestone in the superannuation industry as SuperChoice, the market leader in providing an employer clearinghouse solution, proudly announces the commencement of the implementation of its Employer Portal with one of Australia’s leading superannuation companies, Colonial First State (CFS).

Since its inception in 1988, CFS Super has been one of Australia’s premier retail superannuation brands. This announcement will see the transition of their employers’ clearing house experience to the SuperChoice Employer Portal.

With a shared vision for excellence and innovation, SuperChoice is poised to support CFS’s commitment to significantly enhancing employer engagement and streamlining legislative-compliant workflows for their superannuation schemes.

The SuperChoice Employer Portal will provide tailored features specifically designed to meet the needs of CFS and their employers. In the coming months, CFS employers will be able to start enjoying the market-leading user experience to support their Clearing House needs.

CFS’s selection of SuperChoice through a market-wide, thorough, and detailed selection process re-affirms the ongoing commitment by CFS to continue investment in best-in-class services that improve the retirement outcomes for their members.

Damien Di Pietro, Chief Commercial Officer for SuperChoice, remarked, “We are thrilled to have Colonial First State join the SuperChoice community, which shares our commitment to delivering the best in superannuation services. This project will improve employers’ fund experience for employers that use the CFS and CBA clearing houses. Through our SaaS offering, CFS and their employers will be able to enjoy continuous improvements in the future.”

About Colonial First State

Colonial First State helps over 3 million Australians unleash their second half. CFS provides superannuation, investment and retirement products to members and corporate and superannuation fund investors. CFS’s wide range of investment management expertise spans Australian and global shares, property, fixed interest, credit, hedge funds, infrastructure and private equity.

About SuperChoice

SuperChoice is a leading SaaS fintech provider specialising in employer-centric solutions to help superannuation funds engage with their important stakeholders. More than 8 million employees are supported through our system.

For more information about this partnership, please contact:

Damien Di Pietro

Chief Commercial Officer, SuperChoice

damien.dipietro@superchoice.com.au

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