OnePath expands term deposit offering
Conservative investors are being targeted by OnePath, with the release of a new range of ANZ term deposits. "Investors are hesitant to invest under current market conditions. In this environment investors are risk averse and are looking for secure cash options," said Brackenrig.
The new term deposits will be offered through the OneAnswer platform, and will offer terms of three, six and 12 months or two, three and five years, Brackenrig said.
The OneAnswer platform has been updated to include a high-balance rebate for customers with over $300,000 to invest, which OnePath claimed would provide advisers with a Future of Financial Advice-ready fee-for-service offering.
"Our key focus is to ensure the OneAnswer investment platform delivers on its promise of being one of the most competitive and reliable investment, super and pension offerings available," Brackenig said.
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