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.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.