AMP moves on short form PDSs
AMP has announced a range of upgrades to its retail and corporate superannuation products, including upgraded individual and group insurance offerings, and moved its contemporary superannuation products to the short form product disclosure statements (PDSs) regime.
The changes include the introduction of term deposits for AMP's corporate super products, CustomSuper and a number of SignatureSuper plans, which AMP said follows the popularity of these options in its personal superannuation products.
The group also introduced monthly interest-paying term deposits for one, two, three and five year terms for some retail and corporate superannuation products already offering term deposits.
"With the sharemarket volatility that investors have seen over recent times there has been increased demand for more conservative investments options," said AMP director contemporary wealth management products Chris Jansen.
AMP also announced four new specialist investment options are now available to retail and corporate superannuation customers: AMP Capital Multi-Asset, ipac Income Generator, AHL Alpha, and Lazard Global Small Cap.
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