BT Financial Group gets MySuper sign-off

bt-financial-group/mysuper/BT/retirement/asset-allocation/APRA/

8 August 2013
| By Staff |
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BT Financial Group announced this week that it had received Australian Prudential Regulation Authority (APRA) approval for its MySuper licences and would launch actively-managed "lifestage" funds as its MySuper solution. 

It said its use of "lifestage funds" meant that asset allocations automatically changed to be more conservative as a person neared retirement age. 

The company said it had received MySuper approvals with respect to: 

  • BT Super for Life
  • BT Lifetime Super - Employer Plan 
  • BT Business Super 
  • Asgard Employee Super Account 

BT Financial Group's general manager of superannuation, Deanne Stewart, said the company was well-placed under the MySuper regime as a result of its strong history actively managing lifestage funds. 

BT Financial Group's MySuper products will be available from 1 October 2013. 

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