Aon Master Trust receives MySuper authorisation

AON authorised to offer MySuper products from 2104.

AON authorised to by APRA for MySuper from 2104.

The Aon Master Trust has received its MySuper authorisation from the Australian Prudential Regulation Authority. On 1 January 2014, the Aon Master Trust will launch Aon MySuper.

Pierre Kraft, Managing Director, Aon Hewitt Wealth Management commented on the authorisation: “This is an important announcement for the Aon Master Trust. It provides confidence to our members, employers and stakeholders that we are prepared and compliant for the changes in superannuation as we continue to deliver quality retirement products and solutions.”

Aon MySuper’s investment option takes a lifecycle approach. The investment mix will adjust gradually as members age; with greater focus on growth assets when they are younger, then moving towards defensive assets as they approach retirement to reduce the risks of capital loss. The Aon Master Trust has innovated by making the adjustments on an annual basis from age 42 for a smooth transition towards capital security at age 67.

The Aon Master Trust is a national retail superannuation fund established in 1990 with close to 56,000 members and $2.5 billion in funds under management.

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