Raiz Invest Super
On the back of the success of its micro-investment platform, Raiz Invest Limited (formerly known as Acorns Australia) has launched a superannuation product - called Raiz Invest Super.
Raiz Invest Super was developed in response to customer demand for an engaging, affordable superannuation investment, according to chief executive officer and managing director George Lucas. It has been designed to help Australians build their retirement wealth in a simple and transparent manner and is integrated into the existing Raiz App.
Raiz Invest Super will charge an annual fee of approximately $425 on balances of $50,000, making it a competitively priced superannuation offering.
“Customers will find that growing their savings and achieving financial confidence does not have to be a complicated or daunting process. We continue to focus on improving financial confidence in investing and saving money within our customer base as well as to potential customers”, Lucas says.