Members of AMP’s super products will be able to add term deposits to their investment options.
AMP director of Wealth Management Products, Andrew Hobert announced the extension of the offering this week saying they reflected increased customer demand.
“Our existing term deposits have proved popular and now we want to meet increased customer demand for longer term deposits in an uncertain market,” he said.
Hobert said the three or five year AMP Term Deposit investment option was designed for customers who were concerned about potentially fluctuating interest rates during that timeframe.
Superannuation funds have posted another year of strong returns, but this time, the gains weren’t powered solely by Silicon Valley.
Australia’s $4.1 trillion superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding thousands to workers’ pay packets, according to new analysis from the Association of Superannuation Funds of Australia (ASFA).
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