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IOOF receives licence for new super product
IOOF is rolling out a new superannuation product after securing a licence from the Australian Prudential Regulation Authority (APRA).
IOOF MySuper, due to be launched on 1 January next year, will replace existing default products and was designed to allow the easy comparison of funds.
IOOF managing director Chris Kelaher said the new product was an evolution of the provider’s current offering.
“Our superannuation platforms have always offered clients and advisers access to quality investment options, industry-leading customer service and value for money. IOOF MySuper is simply a continuation of this approach,” he said.
IOOF said it would communicate with members about the timing of the changes and how they members be affected.
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