Skandia launches new TTR product
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.
Recommended for you
An FAAA recommendation to make PY advisers subject to non-compete clauses would place candidates in a “hostage situation” with their employer and potentially deter new entrants, say commentators.
While the profession struggles to keep up with strong consumer demand, a third of people who have passed the ASIC adviser exam aren’t actively practising, so where is this missing third?
Half a year after Count Financial told its advisers to exit several Metrics Credit Partners funds, research house Lonsec has now downgraded two of these products over governance concerns.
As the advice industry evolves with technology, two business consultants have said successful advice firms will be those which focus on delivering an “experience” for their clients, beyond just a transactional service.
