AMP Financial Services has announced enhancements to its employer superannuation offerings.
The enhancements have been applied to its Flexible Lifetime Super product, giving rise to the creation of Flexible Lifetime Super Easy — Employer aimed directly at small to medium businesses.
At the same time, the company said it had introduced a new insurance module attached to the product for individuals and employee members.
Commenting on the product enhancements, AMP director, Wealth Management, Andrew Hobern said the new insurance module, Flexible Protection, would give clients access to a full range of insurance features including salary continuance and terminal illness benefits.
Volatile markets driven by shifting US tariff policy failed to rattle Australia’s superannuation system in April, with balanced options inching upward.
ASFA has urged greater transparency and fairness in the way superannuation levies are set and spent.
Labor’s re-election has reignited calls to strengthen Australia’s $4.2 trillion super system, with industry bodies urging swift reform amid economic and demographic shifts.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.