legalsuper adds annuities products

legalsuper/industry-superannuation-funds/annuities/challenger/retirement-income/age-pension/

26 April 2017
| By Staff |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS