legalsuper adds annuities products
Legal industry superannuation fund, legalsuper, has announced an expansion of its menu of retirement products with the addition of Challenger guaranteed income accounts.
legalsuper chief executive, Andrew Proebstl announced the move today claiming the fund was amongst the first to offer the additional options which he regarded as a timely response to recent changes to the Age Pension.
The two types of guaranteed income accounts available to legalsuper members are Lifetime and Fixed Term and will be available to members aged 60 or over with balances of $20,000 and above.
Proebstl said the addition of the guaranteed income accounts represented an important component of the fund’s response to the challenge of delivering comprehensive retirement income products.
He said that as member balances grew, he expected increasing interest in guaranteed income accounts.
Recommended for you
JANA Investment Advisers has made several internal promotions and new appointments across its research team to bolster its position in the market.
SQM Research’s former head of research, Rob da Silva, has joined an investment consulting and analytics firm to drive the expansion of its research coverage.
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
