|
|
|
|
Rebate Offer
|
4.0% (100%)
|
|
Minimum Initial Investment
|
$50,000
|
|
Expected Close Date
|
Ongoing
|
|
Description
|
ING MoneyForLife guarantees your retirement income for life even when your original investment runs out, regardless of market conditions how long you live.
|
| Product Disclosure Statement |  Download Product Disclosure Statement (PDS) |
|
|
ING MoneyForLife guarantees your investment income for life, even after the money originally invested runs out. This new solution protects against the two key financial concerns for retirees - the risk of outliving their investment and poor market performance.
Australia's retirement landscape is changing - Australians are living longer, and retirees and pre-retirees have seen their super balances decline an average of 19.5%* in the recent financial crisis. The ING MoneyForLife investment funds take the guesswork out of retirement income planning by guaranteeing an income no matter how long you live or how the market performs. It is designed to provide you with a combination of certainty, control and confidence.
| Certainty |
Control |
Confidence |
| Income for life, regardless of how long you live or how the market performs. |
Control how the investment is allocated among three diversified funds.
|
Retire on your own terms. |
Income will not decrease with market declines.
|
Access to your account balance. |
Life decisions based on personal goals, not market cycles. |
| Income may grow in a strong market. |
Choice of a single or reversionary income stream. |
The ability to invest in growth assets with the security of a guarantee. |
Key Features
- Protection from day 1: ING establishes a Protected Income Base which will determine your income payment. The Protected Income Base may rise but will not fall with the markets.
- Positive performance can increase your income: The Protected Income Base is recalculated every 2 years and when you begin to draw income.
- Certainty of income: Annual income payment is paid by applying an income rate to your Protected Income Base. Your income rate will be determined by your age, set when you draw your first income payment.
- Access and control: Always have access to your investment funds and control over which funds to invest into.
- Income for life: Guaranteed income payments even if the investment funds runs out.
ING MoneyForLife investment funds are suitable for anyone who has retired or is close to retirement and wants to ensure they will receive an income for the rest of their lives. The three Money For Life funds are available via the ING OneAnswer Personal Super and Pension platforms.
*Research by SuperRatings January 2009
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 100% of the 4% entry fee in ING Money For Life as additional units. 2020 DIRECTINVEST may receive a trailing commission of up to 0.60% pa. This is paid by the fund manager and is NOT an additional charge to the investor. |
| Download Product Disclosure Statement (PDS) |
|
|
|
|