6 September 2011 00:05
Craig Meller, managing director of AMP Financial Services, says the company’s flexible, superannuation product has attracted more than $3 billion since its launch on July 1 last year.
He declined to offer an opinion as to whether recent market volatility would push more superannuation members into cash.
“No one can predict the future,” says Meller.
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The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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