ING launches new cash investment fund
ING Australia has launched a new cash investment fund, ANZ flexible term deposit plus, which offers a high interest rate, set monthly, with no lock-in periods.
The fund has the security of being invested in ANZ bank deposits but is not covered by the Government’s deposit guarantee, which allows for a higher interest rate, according to ING's head of product and marketing for wealth management, Mark Pankhurst.
The new fund together with the similar existing ANZ flexible term deposit fund now gives clients the choice of a higher interest rate or the government guarantee, Mark Pankhurst said.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
