A new generation of retirement solutions to support your future

CFS will make it easier for Australians to make the switch from saving for retirement into enjoying retirement with the launch of an innovative range of whole-of-life retirement solutions designed to increase confidence, flexibility and income security.

Working with leading industry partners Challenger, Generation Life and BlackRock, this expansion will go beyond super to enable holistic wealth planning. 

Retirement today looks different to how it did in the past.

People are living longer, their needs are changing, and retirement is no longer a single moment – it’s a journey that can span many years.

That’s why CFS is evolving its approach – moving beyond individual products to a more connected way of supporting you throughout retirement.

This means helping you:

• Feel more confident about your income in retirement
• Have greater flexibility in how you access and use your money
• Make decisions that suit your needs now and into the future.

The changes recognise retirement is “no longer a single event, but a long-term financial journey that requires different solutions over time,” said Kelly Power, Chief Executive Officer of Colonial First State Superannuation. 

The new offers will help to streamline the entire retirement journey for Australians by integrating a range of retirement income solutions together in one place, she added.

As part of this update, CFS is bringing together a broader range of retirement solutions, so they can work together more effectively.

This includes access to:

• Regular income options: Such as lifetime income streams designed to provide payments that can last for as long as you live.
• Flexible investment options: Helping you stay invested while drawing an income.
• Tax-effective solutions: Including structures designed to help manage tax over time.

These options can be combined in different ways to support how you want to manage your income throughout retirement.

CFS is also introducing new tools and technology to help you make more informed decisions about your retirement.

These tools are designed to:

• Help you understand how long your money may last
• Explore different income options and scenarios
• Support clearer, more confident decision-making.

If you have a financial adviser, these tools will also help them provide more tailored advice based on your individual needs.

From August, customers will be able to incorporate new investment solutions into their retirement planning such as the Retirement Income Optimiser – a new feature designed to optimise retirement income, and Pension Bonus – which will be available to eligible CFS members.