AMP launches digital advice answer | Australian Markets
AMP Restricted might have considerably exited working financial advice licenses however it’s maintaining a foot within the sector with the launch of a new digital advice answer aimed toward AMP superannuation fund members.
Reflecting expectations across the supply of the second tranche of the Delivering Higher Monetary Outcomes (DBFO) laws, AMP introduced that the new answer would supply members with “simple, intuitive and secure retirement advice, with no extra fees”.
It mentioned the answer, Retirement Well being Test, could be accessible by members by means of My AMP online and thru the My AMP app which shall be launched in coming weeks.
What’s more, AMP has signalled that there shall be more digital choices to come back.
“Developed in partnership with leading software provider, Bravura Solutions, the Retirement Health Check is the first of a range of digital advice journeys AMP Super is set to launch for members in the coming months,” the announcement mentioned.
“These solutions will cover pre-retirement and post-retirement strategies, including investment choice, super contributions, insurance and pension management.”
Commenting on the new answer, AMP Group Government, Superannuation and Investments, Melinda Howes mentioned the company had drawn on AMP’s deep understanding of financial advice to create the offering.
“The Retirement Well being Test – the primary of our new advice journeys to come back to market – recognises that Australians need help navigating a retirement system they usually discover daunting and overly complicated.
“The solution aims to cut through this complexity and provide simple guidance and advice to help our members maximise the retirement income they generate from the super savings they’ve worked hard to build,” Howes mentioned.
Bravura Options chief government, Paul Dunn mentioned the answer used Bravura’s Midwinter technology.
Keep up to date with the latest news within the Australian markets! Our web site is your go-to source for cutting-edge financial news, market trends, financial insights, and updates on native trade. We offer day by day updates to make sure you have entry to the freshest info on Australian stock actions, commodity costs, currency fluctuations, and key financial developments.
Discover how these trends are shaping the long run of Australia’s economic system! Go to us recurrently for essentially the most partaking and informative market content material by clicking right here. Our fastidiously curated articles will keep you knowledgeable on market shifts, investment methods, regulatory modifications, and pivotal moments within the Australian financial panorama.
