Matthew Rady has today been announced Chief Executive Officer, BT Financial Group (BTFG).
This newly created role leads a combined business that includes BT Platforms, including BT Panorama, BT’s Personal and Corporate Super, and Investments.
BT’s 500,000 MySuper members have seen record returns for most members in the twelve months to 30 June, with returns as high as 25.6%, the strongest 12 month returns since BT’s MySuper options were launched in 2014.
BT has today announced that Gai McGrath has been appointed Non-Executive Director and Chair of the BT Super Trustee Boards following the decision of current Chair David Plumb to retire after more than 10 years of service.
With the end of the financial year just around the corner, top of mind for many financial advisers is the indexation of superannuation caps and thresholds, which includes an increase to the ‘preservation age’ relating to when Australians can access their super, as well as the qualifying age for the age pension.
The 2021 end of the financial (EOFY) will be nothing like previous financial years for many Australians with potential Government stimulus payments, early release of super withdrawals, change in working hours and working from a home office all impacting financial goals and tax time preparations.
BT Panorama is now Australia’s largest contemporary investment platform with $49 billion of funds under administration (FUA). More than 38,000 BT Wrap client accounts have been transferred to BT Panorama in the last week, increasing FUA by 30%. Once all BT Wrap accounts have been transferred (completion is expected by the middle of this year), BT Panorama will have around $90 billion FUA.
For the third year running BT Panorama has been awarded ‘Best Mobile Platform”, ‘Best Client Portal’ and “Best Online Business Management’, in the latest Platform Competitive Analysis and Benchmarking Report from Investment Trends.
COVID-19 continued to be a dominant theme in Australians’ conversations with their financial advisers in the final quarter of 2020, as clients realise their plans to downsize for lifestyle or health reasons.
For the second year running, BT Panorama has achieved the highest total score for online business management, mobile platform and client portal features, according to the latest Platform Competitive Analysis and Benchmarking Report from Investment Trends.
In just over one month since the launch of the internet browser version of BT’s life insurance quote and application software, LifeCENTRAL+ Online, the total number of quotes generated by advisers has increased by more than 30 per cent, with more than 3,500 advisers and their support staff now using the software.
Launched in January 2018, the pilot program has resulted in 86% of clients citing an improvement in functional capacity, giving them a better chance at returning to wellness within a shorter time frame, post-disability. The program has also given clients a better claims service experience, with client satisfaction averaging at 90%.
Financial advisers have rated BT Panorama as the number one investment platform when it comes to online business management features according to the latest Platform Competitive Analysis and Benchmarking Report from Investment Trends.
BT has launched six active diversified managed portfolios, available on BT Panorama on both the full and compact menu. Designed to meet the core investment needs of a wide range of clients, CoreSeries caters to different risk profiles with no portfolio level investment management fees and a low underlying management fee between 50bp and 78bps, with the balanced option at 68bps.