“Since the launch of Wrap Capital Protection we have seen broad interest from advisers, including requests for additional funds to be available for protection. We’ve met that demand by adding over 60 widely supported funds to create a comprehensive and market-leading protectable menu,” said Rodney Greenhalgh, head of retirement at BT Financial Group.

Wrap Capital Protection is a solution with particular relevance for those approaching and already in retirement as it helps preserve capital when markets fall but provides opportunity for growth on the upside.
 
Recent performance has demonstrated how Wrap Capital Protection allows investors to increase their minimum outcome in rising markets.
 
“Equity markets have performed strongly since we launched Wrap Capital Protection and many of the early users took the opportunity to restructure their portfolios to their preferred growth allocation and they have benefited from this strong performance. 
 
At the time of the first growth capture in February the average growth achieved by investors in the protected funds was 9.1% and an average increase in minimum outcome of 5.0%, and those who had held the product from inception generally achieved much higher growth” Mr Greenhalgh added.
 
Advisers like the fact that they have a new tool to meet the needs of their clients who are particularly concerned about the impact that very poor markets may have on their savings, which is a common concern for investors around retirement.
 
Wrap Capital Protection is available today on BT’s Wrap, Wrap Essentials, SuperWrap and SuperWrap Essentials platforms. It provides transparent reporting and simple desktop activation.

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BT Financial Group has spent over two years working with advisers and investors to build a new style of capital protection that allows investors to protect their investment and also gives them flexibility and choice in how much of their portfolio they want protected and for how long. Investors also have the ability to make withdrawals or switch off the protection at any point. 

“Advisers and clients have been crying out for retirement products that preserve capital when markets fall but still provide opportunity for growth on the upside,” said Rodney Greenhalgh, head of retirement at BT Financial Group. 

“Since the GFC we have seen a flight to safety as retirees who saw no alternative turned away from market exposure and re-weighted their portfolios to cash.” 

Over half (53%) of Australian pre-retirees aged 50-64 are holding cash to protect themselves against a capital loss and 47% are only holding cash as a temporary strategy until the markets improve.* This is clearly understandable but it may mean that they miss out on opportunities to grow when markets perform well. 

Wrap Capital Protection provides comfort to risk adverse clients who want and need the opportunity for growth without the risk or eroding their original investment or the threat of being cash-locked. 

Mr Greenhalgh who is responsible for driving, implementing and executing the Group’s retirement strategy said “We have designed this in collaboration with advisers and investors every step of the way. What we have built is a unique capital protection product that is available on BT Wrap that is easy for advisers to use and gives clients a known minimum outcome with the opportunity for growth without the restriction of being locked-in.” 

Wrap Capital Protection is available today on over 80 existing managed funds on the Wrap, Wrap Essentials, Super Wrap and Super Wrap Essentials platforms. It provides transparent reporting and simple desktop activation.

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