MyPension

Investment Strategy

MyPension product removes behavioural bias in investments

Equip’s MyPension product was designed specifically to reduce risks – including behavioural biases – for the vast majority of its members who would never see a financial planner, delegates heard at an Investment Management Consultants Association seminar. As Australians generally have very little financial literacy it was important to design a product that could be clearly communicated […]
Unintentional

No perfect retirement product

The superannuation industry is on a steep learning curve on what success looks like in post-retirement product development. Case studies from Equip Super, NGS Super and MTAA Super at the 7th annual Post-Retirement Conference in Sydney heard feedback of investment success, adjustments and low take-up. Early indications show the NGS Super pension product, the most […]
Retirement

Equip adapts MyPension after customer feedback

Equip has introduced the flexibility to take between 4-7 per cent income from its MyPension product launched in July last year. The product is currently live with 20 members, with several hundred pre-retirees registering an interest in signing up. Feedback from the latter group has led to the original setting of 7 per cent income […]
Hedge Funds

QSuper imagines long life insurance

QSuper has envisioned a process for creating its own deferred annuity that would be one part investment and one part a group insurance contract. Speaking after a hard hitting oration to the ASFA annual conference in which she called for a “second super revolution”, Rosemary Vilgan, chief executive of QSuper, said this product could be […]
Retirement

Equip to target disenchanted SMSF holders with MyPension

Equip is targeting retired ex-members in self-managed super funds (SMSFs) with its new MyPension product and also hopes to offer it on a white-label basis to others. In its first major product launch since MySuper, Equip has focused on meeting the needs of the high proportion of members in its fund who are approaching retirement […]