For years now, a typical retirement planning strategy has involved combining income from an account-based pension with Age Pension entitlements, or what AMP's general manager, retirement Ben Hillier calls the 'two-legged stool'. But it's not proved a very stable platform.
With MyNorth Lifetime, AMP is shoring up the rickety old stool by adding another income stream that will never run out. Additionally, its potentially generous Centrelink advantages and low cost mean clients really do get the most out of their money.
While still in its infancy, AMP is already seeing clients spend as much as 50% more in retirement, confident their money will never run out.
Find out more in the article.
MyNorth Lifetime is a part of MyNorth Super and Pension which is issued by N. M. Superannuation Proprietary Limited (ABN 31 008 428 322, AFSL 234654). Consider PDS and TMD at northonline.com.au. Income is high when compared to typical account based pension income rates. In return for an income that never runs out account holders will leave some of their balance when they die or exit.