Goals-based retail super product launched

The new DAC Super portfolio is designed to be used by individuals, SMSFs, family trusts, businesses and retail superannuation investors, to assist them to meet “very specific liquidity and risk-return criteria”, the company said in a statement.

DAC said its portfolios marked the first series of ‘true-to-label’ portfolios that allow goals-based investing within the Australian retail super sector, and can be used either individually or “blended in to an overall portfolio” to suit the range of clients’ goals.

“DAC really opens up the opportunities for advisory groups to be ‘true to label’ goals-based advisers and gain business efficiencies and scale along the way, without having to reinvent to wheel,” said DAC chairman Matthew Walker.