Lifeplan fund update includes wider choice

Bonds currently attractive for fixed interest portfolios –Tyndall
April 30, 2012
Anyone for super?
May 9, 2012

Lifeplan Funds Management’s NextGen Investments and Lifeplan Education Investment Fund (LEIF) investment products have been updated and redesigned to comply with the new regulations the business expects when FOFA is introduced.

In addition, the NextGen bond offers a new and strengthened menu of investment options for advisers and their clients.

It now has 38 investment options from leading Australian and international fund managers across all asset classes. Of these 38 options, 15 are new to the product. The LEIF product has also been updated, and now offers a changed menu of 16 investment options for clients to choose from.

Mr Matt Walsh, head of Lifeplan, said the business saw the changing regulatory environment as an opportunity to review and enhance the product including its investment option menus.

“Although FOFA has been delayed, we want to give advisers time to adjust and help them transition to fee for service before it comes into effect on 1 July 2013.

“Feedback from advisers shows that they are already moving to introduce client strategies that are intended to comply with FOFA regulations.

“Our review and upgrade of NextGen and LEIF will ensure that they remain up-to-date with current adviser expectations as well as client needs, providing additional complementary approaches to basic investment strategies.

“For example, new generation investment bonds are flexible investment vehicles that offer tax benefits and a wide range of investment choices to suit clients’ individual needs.

“Through our products, investors can also choose to invest in growth options in our investment range of equity fund offerings, as well as a more conservative approach through fixed interest investments,” Mr Walsh said.

The new NextGen and Lifeplan Education Investment Fund PDSs are now available on the Australian Unity Investments website.

Lifeplan Funds Management is a specialist business of Australian Unity Investments (AUI), with total funds under management and administration of $2 billion (as at 31 March 2012). It is the market leader in investment and funeral bonds, and a leading provider of education investment funds.


For more information please contact:

Mr Matt Walsh – Phone: 08 8236 4706
1 May 2012