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 are expanding their activities in the advice space and a leading recruitment firm has shared the typical salaries on offer with three funds namechecked for their attractive offerings.
The council has urged government to avoid shifting ballooning CSLR costs onto 12 million low- and middle-income Australians.
Australia's superannuation success had built a substantial pool of retirement capital but it has created liquidity challenges as the system has outgrown the domestic market for investment opportunities, writes BNY's Otto Vaeisaenen.
Australia's largest super fund has announced its new chief financial officer as the fund prepares for its next phase of growth.