Financial services provider Aviva has launched a new superannuation product that combines elements of both a retail and industry fund.
Commenting on the release, Aviva general manager of wealth management products Andrew Barker said the company recognised a need for both provider segments and took the best from each to create the new offering.
“Navigator Business Super now has the simplicity of an industry fund and the value of service and advice typically associated with retail funds,” he said.
The product has a flat fee structure, typical of an industry fund, an improved group life offering and an updated ancillary benefits package, according to Aviva.
