Bendigo Wealth to add MySuper product
Bendigo Wealth will be looking to add a MySuper-compliant product to its low-cost Trinity3 platform in the first quarter of the next financial year.
The group has its own separately managed account with the Trinity3 product that is getting good traction with its retail customers and independent financial advisers want to know if they can provide the same sort of product to their clients, said Bendigo Wealth executive John Billington.
Billington also said he would be looking to sign off on a new income fund to build the group’s funds capability that would be launched in the next month or two, and an index fund that would be available in the first quarter of the next calendar year.
The changes come on the back of strong interest in the unified Bendigo Wealth brand, which was launched early last month and brought together the bank’s previously separate wealth management services, including Adelaide Bank, Leveraged Equities, Sandhurst Trustees and its low-cost investment platform Trinity3.
Billington said he was surprised by the level of interest, with the site recording three times the average number of click-throughs.
“We’ve had a great mix of existing Bendigo retail customers and new customers and also financial advisers wanting to know about the products and services we’re offering,” he said.
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