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
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
Ares Management has announced a new offering aimed at providing Australian wholesale clients, investors access to its private equity investment strategies, anchored in secondary investments.
