Australian Unity strengthens investment bond offering
Australian Unity has announced that its Lifeplan Investment Bond has been expanded with 39 new investment options, making it the largest investment bond menu available to advisers with 74 investment options spanning all major asset classes.
In particular, the addition increased the number of ethical, index and growth investment options, the firm said.
Australian Unity’s investment bond business has currently $2.2 billion in funds under management (FUM).
“Our new, revitalised investment bond menu provides more choice and diversification via a range of fund managers, asset classes and risk profiles,” AU’s executive general manager, Adnan Glinac said.
“Our focus is to offer a broad and well-diversified investment menu that supports advisers in providing holistic advice to their clients.
“These improvements showcase our continued promise to put advisers at the centre of everything we do and remain recognised as Australia’s leading provider of investment bonds.”
The Lifeplan Investment Bond has received a “highly recommended” rating from Zenith Investment Partners.
AUTHOR
Oksana Patron
Recommended for you
Sydney-based alternative fund manager East Coast Capital Management has formed its first advisory council as it enters its next phase of growth.
With 40 per cent of advice practices looking to increase their ETF usage, the next frontier being embraced is smart beta ETFs with flows doubling in July, providers have said.
Australian ETFs saw flows of $5.8 billion in July, more than double the previous month, and adviser adoption is tipped to help total flows reach $50 billion by the end of the year.
Pinnacle’s London affiliate, Life Cycle Investment Partners, has secured over $15 billion in FUM in its first year and achieved profitability, the firm’s fastest affiliate to do so.
