Thursday, 1 September 2011
OnePath today launched a range of ANZ Term Deposits to meet a growing demand for cash products through investment platforms, as well as a range of enhancements to the OneAnswer investment platform.
Announcing the new term deposits, ANZ General Manager Superannuation & Investments, Craig Brackenrig said: “Investors are hesitant to invest under current market conditions. In this environment investors are risk averse and are looking for secure cash options.
“We've delivered the new suite of term deposits in response to increasing demand from customers and advisers looking for OneAnswer to provide more cash options that deliver certainty of returns whilst reducing exposure to market volatility.”
The ANZ Term Deposits available through OneAnswer will offer terms of 3, 6 and 12 months or 2, 3 and 5 years with competitive interest rates, and no ongoing management fees.
The addition of the six new ANZ Term Deposits complements the current suite of cash options available on the platform - the ANZ Cash Advantage fund which provides a competitive 30 day fixed rate with At-Call flexibility and the ANZ Prime Cash Management Account that delivers pensioners the ability to access their funds at ANZ branches and via ATMs.
At the same time, OnePath has delivered a number of new enhancements to make the OneAnswer investment platform more convenient and competitive, including:
“These enhancements are part of an ongoing program that demonstrates the commitment OnePath is making to advisers and customers. Our key focus is to ensure the OneAnswer investment platform delivers on its promise of being on of the most competitive and reliable investment, super and pension offerings available.”