Australian Unity strengthens investment bond offering
Australian Unity has announced that its Lifeplan Investment Bond has been expanded with 39 new investment options, making it the largest investment bond menu available to advisers with 74 investment options spanning all major asset classes.
In particular, the addition increased the number of ethical, index and growth investment options, the firm said.
Australian Unity’s investment bond business has currently $2.2 billion in funds under management (FUM).
“Our new, revitalised investment bond menu provides more choice and diversification via a range of fund managers, asset classes and risk profiles,” AU’s executive general manager, Adnan Glinac said.
“Our focus is to offer a broad and well-diversified investment menu that supports advisers in providing holistic advice to their clients.
“These improvements showcase our continued promise to put advisers at the centre of everything we do and remain recognised as Australia’s leading provider of investment bonds.”
The Lifeplan Investment Bond has received a “highly recommended” rating from Zenith Investment Partners.
AUTHOR
Oksana Patron
Recommended for you
Outflows from an Australian private markets fund manager have caused FUM at Pacific Current to decline by $1 billion in the last quarter.
Former RIAA chief executive Simon O’Connor has joined the ethical advisory panel at U Ethical Investors.
Financial services leaders are “all cashed up with nowhere to grow” when it comes to M&A activity, according to Deloitte, with 90 per cent saying they have strong balance sheets ready for an acquisition.
As fund managers are urged to diversify their product ranges, they are finding a faster way to do this is via an acquisition of existing firms but experts say it is not without potential culture clashes.
