BT Financial Group gets MySuper sign-off
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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