Telstra Super expands investment options
Telstra Super has developed an investment option designed to provide an income stream for retirees.
Telstra developed the option in response to a member research and segmentation study that showed retirees want an income stream. Members can access income through their pension accounts while still maintaining some capital growth.
Telstra now has ten investment options tailored to suit the needs of different members, which Telstra Super's general manager of development and distribution Kevin Moloney said was particularly important in times of volatility.
"The Diversified Income option offers a different structure and potential benefits to our existing product range, providing our members with even more choice when it comes to where their super is invested, and importantly, how they may access these savings in retirement," he said.
General manager of Telstra Super Financial Planning Ivan Jones said the fund allows Telstra's financial planning division to better meet members' needs and objectives.
"It changes the conversation we have with our members, so that we can focus on the members' specific investment and retirement income needs," he said.
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