OnePath expands term deposit offering
Conservative investors are being targeted by OnePath, with the release of a new range of ANZ term deposits. "Investors are hesitant to invest under current market conditions. In this environment investors are risk averse and are looking for secure cash options," said Brackenrig.
The new term deposits will be offered through the OneAnswer platform, and will offer terms of three, six and 12 months or two, three and five years, Brackenrig said.
The OneAnswer platform has been updated to include a high-balance rebate for customers with over $300,000 to invest, which OnePath claimed would provide advisers with a Future of Financial Advice-ready fee-for-service offering.
"Our key focus is to ensure the OneAnswer investment platform delivers on its promise of being one of the most competitive and reliable investment, super and pension offerings available," Brackenig said.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
