Superannuation used to be viewed as lump sum figure, a one-time payment that was withdrawn when a person retired. That perception has shifted in recent years, and super is increasingly seen as a means of receiving a long term income throughout retirement.
This shift is changing both the products on offer and the public debate around superannuation. It’s also highlighted the growing need for professional advice to help retirees navigate their options, and ensure their money is looked after. In the past this meant seeing a personal financial planner, but that option isn’t for everyone.
That where Equip’s MyPension product steps in. Utilising what we refer to as our ‘3-bucket strategy’, Equip MyPension invests your money so that it can keep growing over the longer term, while providing you with a stable pension income stream on a regular basis. Aimed at people with a super balance in the $200,000 to $600,000 range, it provides a simplified investment strategy that anyone can join online. You can learn more about MyPension in the video below.
This move towards automated investment rebalancing is an industry wide trend, and reflects the growing demand for simpler, more convenient ways for people to put their superannuation to work and grow their wealth.
Please visit Equip’s MyPension product page for more information.
