Suncorp launches retirement simulator
Suncorp Life has moved to provide customers with a new tool via the launch this week of an online simulator that delivers a retirement snapshot in under 60 seconds.
According to the insurer, the simulator gives users a quick analysis of their current retirement savings plan and, based on five questions, provides a financial picture of a user’s retirement.
Commenting on the new tool, Suncorp executive general manager for direct distribution, Vicki Doyle, said the online retirement calculator worked across popular browsers and tablets for personal use.
“We are seeing an increase in the number of people browsing our website with personal devices, like tablets,” she said.
“Our research showed that many online calculators don’t work on tablets.”
Doyle said that given the popularity and propensity for the use of personal devices to grow in Australia, the company had designed a calculator it believed would meet the online habits of Australians.
The simulator is integrated with the Association of Superannuation Funds of Australia retirement standard with respect to a comfortable retirement for a single person.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
