BTFG gains MySuper approval for funds
BT Financial Group will release its range of MySuper products from 1 October after gaining licence approval from the Australian Prudential Regulatory Authority for four actively-managed life-stage funds.
The funds — BT Super for Life, BT Lifetime Super - Employer Plan, BT Business Super and Asgard Employee Super Account — will alter asset allocations automatically as the account holder approaches retirement age.
The BT Super for Life fund was initially launched five years ago and will be offered as a MySuper offering.
BT Financial Group general manager of superannuation Deanne Stewart said this fund had set a track record for BT in actively managing life-stage funds for members.
"This investment philosophy has now been applied across the superannuation range for the benefit of all default members."
"BT has long believed that an important part of the success of the superannuation system is the best possible investment outcomes for members. We believe this will be achieved through having life-stage funds which are actively managed during a person's life."
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.
