Cbus forays into retirement products
Cbus has introduced new services to help members in their retirement.
According to Cbus, it appreciates members work hard to build their retirement savings. Cbus has been helping members build their savings with high-value, low-cost, commission-free products for the past 23 years. And now it can help members manage their savings even after they retire.
Planning their future retirement can be a confusing and risky time for members. Poor decisions or advice at this stage can undo a lifetime of careful superannuation saving.
Cbus had introduced a new pension – the Cbus Super Income Stream. Income streams are expected to be popular with retirees. They can provide retirees over 60 years old with flexible, tax-free income. And members can take advantage of a range of investment options.
Cbus has also simplified its partial withdrawal system. This will make it easier for members to leave their money in Cbus after they retire and draw it down as they need it. To help members on how to finance their retirement, Cbus has created its own Retirement Options Team.
Retirement Options Team is staffed by people who are dedicated to providing retirement information. These developments follow the recent expansion of Cbus’ existing financial planning services. These new measures enable Cbus to continue working for members even after they leave the workforce, which is fitting given the fund was established for the sole benefit of its members. Now the benefits do not have to stop once they retire.
23-Aug-2007