Skandia has launched a new product that offers investors an alternative to the self-managed fund.
The product, Wholesale Retirement Solutions, will allow investors wanting to transition to retirement whilst continuing to grow their superannuation to take advantage of the new tax legislation introduced by the Government.
Felicity Nicholson, general manager of marketing, product and strategy at Skandia, said the new product offers a range of investment options administered in a secure, regulated environment with wholesale fees.
Skandia’s 125 plus fund options are also available through over 40 specialist fund managers, including 19 specialist multi-manager funds.
According to Nicholson, this is a “complete super package” covering the three phases of planning investors’ retirement: accumulation, transition to retirement and retirement income stream (pension) phases.
“We’re thrilled to have a new product for advisers providing flexibility around how they wish to manage their business. It offers wholesale investment benefits to investors at a reasonable cost and with exposure to our quality menu,” she said.
The launch follows a busy year for Skandia, which launched 31 new funds in 2007.
