Club Plus chooses term deposits over shares

19 July 2012
| By Staff |
image
image
expand image

Club Plus Super chief executive Paul Cahill said superannuation members nearing retirement were unhappy with high allocations to shares in their super funds.

They require alternative investment options like term deposits, he said.

Cahill said CoreData research that surveyed Australia's wealthiest investors found Australian shares had lost favour.

"This research confirms what we've been hearing from many of our members nearing retirement for some time, share markets are simply not delivering the performance they require to meet their retirement goals," he said.

Cahill said Club Plus offers members the option of 'locking-in' returns by investing in term deposits.

"We empower our members with superior investment options that achieve the best path for their working lives and retirement," he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

Shadow treasurer Angus Taylor has vowed to slash red tape and introduce a suite of financial services reforms aimed at transforming Australia into a leading financial hub...

16 hours ago

Deglobalisation is emerging as a major driver of infrastructure debt opportunities as regions onshore vital industries, a superannuation fund-owned manager has said....

16 hours ago

Australian superannuation funds are grappling with heightened global instability, as US policy shifts create a volatile backdrop for investment strategies....

16 hours ago

TOP PERFORMING FUNDS