Westpac targets SMSF market

WBC launches new product as part of a broader bank move on annuity-like product market.

Westpac has moved to shore up a position in the annuity-like product market, today launching a flexible investment product targeting self-managed superannuation funds, according to The Australian

The product, which returns both principal and interest in its term, lays the ground work for a bank assault on the market, which is dominated by Challenger, the newspaper said. 

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