New asset allocation tool makes super simpler for Plum members
23 April 2007
Plum Financial Services (Plum) is launching a new asset allocation tool to
help members better understand their superannuation choices.
The asset allocation tool is available to members of Plum's website and is
designed to give members a better understanding what their investment
choices mean.
By selecting options based on the broad range of Plum's actual investments,
members can select, change and reselect options to arrive at a sample asset
allocation.
According to Plum's Manager of Product and Strategy Peter Talacko, Plum
identified that members wanted more information about how the different
investment options stacked up in terms of actual asset allocation… but there
was nothing available in the market to help them.
'We realised that the more complex your switch options, the harder it can be
to determine your actual asset allocation overall without first committing to that
switch,' Mr Talacko said.
'We wanted to make things easier for our members so they could more clearly
understand the choices they were making.'
The tool helps both experienced investors and those with no existing
knowledge of investing and asset classes, by giving them an appreciation of
how a range of different investment options would look in terms of asset
allocation.
'Now they can see at a glance what their different choices will equate to in
terms of asset allocation, and then continue to experiment with a range of
choices until they have the allocation they are after,' Mr Talacko said
'By providing our members with these tools they are better able to take control
of their own financial future and make decisions to best suit their own
particular financial circumstances,' he said.
 Read the full version of this story - New asset allocation tool (PDF 25kB).
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