POWERED BY MOMENTUM MEDIA
MetLife launches retirement income product
Major insurer, MetLife has joined with industry fund MTAA Super to launch a retirement income solutions product that guarantees an income stream in retirement.
The solution, MTAA Super RetireSafe, is a guaranteed income for life product designed to provide protection against market and longevity risk and is payable as an account-based pension.
While the product is already available, it will be officially launched in early February 2013 to coincide with the commencement of a national road-show to promote the fund’s retirement products.
Commenting on the product, MetLife chief executive Marc Lieberman said it filled a gap in the retirement income product market.
The product provides protection against market risk and longevity risk and includes a guaranteed income for life payable as an account-based pension after age 60.
It also includes a reversionary benefit option and has no exit fees or commissions.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Limited exposure to fossil fuel companies has positively impacted the performance of Australian Ethical’s balanced and growth funds, the super fund says.
The major bank has announced that real-time super payments will soon be available to all QuickSuper employers ahead of the looming payday super regime.
AMP Limited has reported its first positive quarterly net cash flows in superannuation and investments since 2017, marking a key milestone in the business’s ongoing turnaround strategy.
The Your Future, Your Super scheme and RG 97 may be directing capital away from more productive uses and discouraging active investment strategies, says the independent MP.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
