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.
Recommended for you
While the number of advisers switching tends to tick up at the end of the year, Padua Wealth Data reveals which business model sees the most adviser loyalty.
Private credit, auditor misconduct and super trustees have been listed among ASIC’s priorities as the regulator unveils its top focus points for the coming year.
Melbourne-based investment manager Woodbridge Capital has appointed an origination director for south-east Queensland, strengthening its foothold in the region as part of its national expansion strategy.
Barings has appointed a new head of Asia Pacific to succeed Duncan Robertson, who will retire after almost two decades with the firm.
