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.
The central bank has served up a disappointment for punters on Melbourne Cup Day.
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.