OnePath targets gun-shy investors
OnePath has announced the launch of a new range of ANZ term deposits to cater for cautious investors, according to ANZ general manager for superannuation and investments Craig Brackenrig.
"Investors are hesitant to invest under current market conditions. In this environment investors are risk averse and are looking for secure cash options," said Brackenrig.
The new term deposits will be offered through the OneAnswer platform, and will offer terms of three, six and 12 months or two, three and five years, Brackenrig said.
The OneAnswer platform has also been enhanced, and will include a "seamless and automated super to pension transfer capability," according to OnePath.
"Our key focus is to ensure the OneAnswer investment platform delivers on its promise of being one of the most competitive and reliable investment, super and pension offerings available," Brackenig said.
Recommended for you
The regulator has fined two super funds for misleading sustainability and investment claims, citing ongoing efforts to curb greenwashing across the sector.
Super funds have extended their winning streak, with balanced options rising 1.3 per cent in October amid broad market optimism.
Introducing a cooling off period in the process of switching super funds or moving money out of the sector could mitigate the potential loss to fraudulent behaviour, the outgoing ASIC Chair said.
Widespread member disengagement is having a detrimental impact on retirement confidence, AMP research has found.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
