Industry fund gears up for Choice
Print Super has bolstered its position in the corporate superannuation outsourcing stakes with the launch late last week of a new public offer vehicle - mychoice.
Print Super Chief Executive, Ross Martin described mychoice as “an exciting initiation that will provide a low cost alternative for funds who do not which to go down the licensing route”.
He said mychoice offers such funds multiple insurance and investment options and a facility to badge their name under the mychoice umbrella
According to Martin, there has already been strong interest in the product, with mychoice positioning Print Super well with respect to the looming choice of fund environment.
He said the main features of the new product are its multiple death/TPD insurance design options, generous salary continuance benefits, the availability of ten investment options and access to low cost home loans as well as personal and business loans.
The fees applying to mychoice will be $1 a week plus a percentage of assets dependent on the fund size.
AUTHOR
Mike Taylor
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