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.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
