April 18 (Reuters) - Colonial First State:
* SIGNIFICANT FEE REDUCTIONS ACROSS SUPERANNUATION & INVESTMENT PLATFORMS, REDUCING COST OF INVESTING FOR OVER 500,000 MEMBERS
* FY20 IMPACT ON NET PROFIT AFTER TAX IS EXPECTED TO BE ABOUT $45 MILLION
* REDUCTIONS WILL LOWER COSTS FOR MEMBERS ACROSS FIRSTCHOICE WHOLESALE PLATFORM, FIRSTCHOICE EMPLOYER SUPER
* COLONIAL FIRST STATE SAYS CHANGES PROJECTED TO RESULT IN TOTAL BENEFIT TO MEMBERS OF ABOUT $68 MILLION PER YEAR