BT Super for Life, BT Lifetime Super – Employer Plan, BT Business Super and Asgard Employee Super Account were the four BT funds to receive approval from the Australian Prudential Regulation Authority.
“BT has long believed that an important part of the success of the superannuation system is the best possible investment outcomes for members. We believe this will be achieved through having lifestage funds which are actively managed during a person’s life,” BTFG general manager of superannuation Deanne Stewart said in a statement.
BT said the lifecycle funds will move to a more conservative asset allocation as a person nears retirement age.
“Through BT Super for Life we have a proven track record in actively managing lifestage funds for members. This investment philosophy has now been applied across the superannuation range for the benefit of all default members,” Ms Stewart said.
BT said its range of MySuper products will be available from 1 October this year.
