Powered by momentummedia
Adviser Innovation logo
Advisor Inovation logo
Stay connected
Subscribe to the Adviser Innovation eNewsletter.
IOOF enhances investment bond menu

IOOF enhances investment bond menu

author image
By tlewis ·
December 17 2015

IOOF enhances investment bond menu

IOOF has launched a new and enhanced menu for its tax paid investment bond product, IOOF WealthBuilder, responding to a demand from advisers for greater choice.

IOOF enhances investment bond menu
nestegg logo

The new menu, accessible through IOOFWealthBuilder, provides advisers with more choice of bonds across major asset classes including cash and global equities, a statement issued by IOOF said.

IOOF general manager of distribution Renato Mota said: "The popularity of investment bonds has increased significantly over the last couple of years as more investors are looking for tax-effective structures outside of the superannuation environment."

The menu also allows advisers to access a range of investment managers to help them meet their clients' individual investment needs, the statement said.

"An increasing number of advisers are seeing more ways in which investment bonds can help them resolve an array of strategic financial planning scenarios for their clients, particularly in the areas of wealth accumulation, early retirement and estate planning," Mr Mota said.

Advertisement
Advertisement

IOOF reported that there are 16 new investment options to select from including 12 sector specific options.

"Underlying fund managers have been chosen for their strength and tenure of brand, consistency of performance, independent ratings and APL breadth," said Mr Mota.

IOOF investment specialist Sue Herrald said the new menu enables advisers to give investors more choice within a tax structure that would normally only be available to clients without the tax-effectiveness of an investment bond.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook.
Find us on Twitter for the latest updates

Subscribe to our Newsletter

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy