Aon gains MySuper approval
Aon Master Trust has gained approval for its MySuper product from the Australian Prudential Regulation Authority (APRA).
Aon will launch its default super product – Aon MySuper- on January 1 next year.
“This is an important announcement for the Aon Master Trust,” Aon Hewitt Wealth Management managing director Pierre Kraft said.
“It provides confidence to our members, employers and stakeholders that we are prepared and compliant for the changes in superannuation as we continue to deliver quality retirement products and solutions.”
The investment option will take a lifecycle approach that will adjust as members age, with a greater focus on growth assets when they are younger and moving towards defensive assets as they approach retirement.
The Aon Master Trust makes adjustments on an annual basis from age 42 so that the transition towards capital security at age 67 is gradual.
Open letter to Scott Morrison
EXCLUSIVE Now that he’s secured his leadership, Prime Minister Scott Morrison ...
FASEA open to accepting foreign qualifications
The Financial Adviser Standards and Ethics Authority has released its online for...
More advisers embracing advicetech: Report
A new report reveals that around 85 per cent of advice firms plan to invest mor...