Tasplan unveils new lifecycle offering
Tasplan Super is focussing on a new lifecycle option for its customers, Tasplan OnTrack, which works by changing over the course of a member's life to best suit their needs and protect their savings.
Tasplan chief executive, Wayne Davy, said the product would help guard members against substantial losses that would see members lose out on a good retirement.
"They want an option that focuses on generating wealth over the long term as they grow their super, but also protects them from market ups and downs," he said.
"In the OnTrack option, members' investment strategy shifts in four stages from long-term growth when they're young, to a safer approach as they get older.
"This way, members are better insulated against big market shifts... when they can least afford it."
Listed market growth exposure was limited in OnTrack as customers aged, with a de-risking phase put in place to assist in the transition to retirement.
"Big losses could ruin their retirements... our members have told us that they worry about another GFC," he said.
"Our members deserve an investment strategy that meets their needs, no matter what stage of life they're at."
AUTHOR
Hope William-Smith
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