POWERED BY MOMENTUM MEDIA
AMP adds term deposits to corporate superannuation
AMP has announced the introduction of term deposits to its corporate superannuation products (CustomSuper and a number of SignatureSuper plans), following the popularity of term deposits in its personal superannuation products.
The company has also unveiled a number of upgrades to its retail and corporate superannuation products, including upgraded individual and group insurance offerings, and moved its contemporary superannuation products to the short-form Product Disclosure Statements regime.
The group also introduced monthly interest-paying term deposits for one, two, three and five-year terms for some retail and corporate superannuation products already offering term deposits.
"With the share market volatility that investors have seen over recent times there has been increased demand for more conservative investments options," said AMP director contemporary wealth management products Chris Jansen.
AMP also announced four new specialist investment options are now available to retail and corporate superannuation customers: AMP Capital Multi-Asset, ipac Income Generator, AHL Alpha, and Lazard Global Small Cap.
AUTHOR
Recommended for you
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
A research firm has given UniSuper a glowing review, praising its strong leadership and “compact team”, as well as its “creditable governance” structure.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
