BT Super for Life passes $1 billion in FUM
BT Super for Life has passed $1 billion in funds under management around three years after its launch in late 2007, the group announced.
BT Financial Group’s head of superannuation, Melanie Evans, credited features such as the product’s integration with online banking for the product’s popularity.
“[When customers] log onto Internet banking at home or work and see their super balance they’re much more engaged… compared to just receiving a statement in the mail once a year,” she said.
“The birth of BT Super for Life wasn’t in response to industry or competitor pressure; instead it was about solving the problem of the average working Australian’s disengagement with their retirement savings.”
Recommended for you
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
The ETF provider has flagged a number of developments as it formally enters the superannuation space through a major acquisition.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
Iress has appointed Insignia Financial’s former general manager of master trust and insurance products as its newest CEO of superannuation, who will take over from Paul Giles.
