As we move through life, our financial priorities constantly change. One minute we are saving money, paying off a mortgage and raising a family, and the next, we’re planning our retirement.
For seniors, the shift from accumulating wealth to actually living off it is a significant one, affected by certain key changes, and requiring a different approach to assure financial security.
Shorter investment time frames
Firstly, when people are younger and growing wealth, they are able to take greater risks with investment. They are still earning an income so not as reliant on savings. Plus, should they encounter any loss through investments, they have time to make that money back.
However, this drastically changes as people approach retirement, and their investment time shortens. They do not have the time to benefit from long-term investments nor is there time to recoup any losses that might come their way.
Fear of market volatility
As seniors approach retirement, they tend to slow down, making the choice to either work less or stop work altogether. In this position, they are not able to cope as well with the volatility of the share market that they once could. Instead, they look to establish a reliable and more predictable income.
Maintaining purchasing power
Retirees are also looking for reliable monthly income, wanting to know that the money they generate is not only predictable, but also flexible enough to keep up with changing interest rates and cash rates. They want to know that their money is going to have the same purchasing power in the future as it has now, regardless of market movement.
A positive step forward
TermPlus sees such issues come up for seniors time and time again.
“These are the three major things we see from customer feedback, and why customers choose to open up TermPlus accounts,” said Dean Weinbren, managing executive at TermPlus.
“Certainly, when we sat down to design the TermPlus experience for customers, those were some of the factors that were top of mind for us when thinking about what problems we were trying to solve for Australian investors.”
As a result, TermPlus understands what retirees need as they make that move from growing wealth to funding their retirement.
Why choose TermPlus?
- Fixed terms with one-, two- or five-year options
- Monthly income paid directly to your bank account, or you can choose to reinvest for compounding
- No set-up fees or monthly account fees
- Quick and easy online application
- Monthly income target rates that are designed to move with the RBA cash rate
- Start earning with balances from $2000
How it works
TermPlus offers a choice of one-, two- or five-year Term Accounts, each with a target rate that is set as a fixed margin above the changing cash rate, designed to beat inflation.
“When we calculate the target return, we look at the RBA cash rate and then we have a fixed margin above that,” says Dean.
TermPlus caters for a range of different investment structures, including personal accounts, joint accounts, companies, trusts, SMSFs, and even child accounts.
There are no set-up fees or monthly account fees, and applications can be submitted online in a matter of minutes. There is also the possibility of opening more than one account to suit different needs.
For example, while you have money invested in a one-year plan in case you need to access it in the near future, you may also invest some money in a two-year Term Account in order to take advantage of a higher target rate.
“About 45 per cent of our customers have more than one account,” says Dean.
You can choose to have your income deposited monthly into your bank account, or reinvested for you. Plus there is flexibility around this, as you can swap between the two month to month, depending on your situation or current cash flow requirements.
Reliable and experienced
TermPlus is powered by ASX-listed Pengana Capital Group and managed in association with Mercer, one of the world’s leading investment consultants.
When you open a Term Account, your funds are pooled with other customers and allocated across a professionally constructed diversified portfolio of more than 4500 global private credit loans, primarily to mid-market companies across the US and Europe.
This diversification helps reduce exposure to any single borrower or sector, supporting smoother income outcomes over time. “Diversification is the key,” says Dean.
Excellent customer experience
At TermPlus, customer service is a huge focus, making it an ideal option for seniors.
“We recognise that not everyone is so confident with technology, and while everything is managed completely digitally, we wanted to deliver a no-fuss product with easy onboarding and a simple dashboard to manage your account,” said Dean.
Customers around the country are finding this to be the case. And not only is the product easy and accessible, but it has also been delivering satisfying results.
Most recently with TermPlus being crowned Finder’s People’s Choice Awards winner for 2025 in the investment innovation category.
The chance to win
Right now, TermPlus is running its Money Mindset annual survey – which will help to generate an index across Australian consumers, tracking peoples’ attitudes towards money, and how they are approaching putting their money to work in today’s market.
By completing a five-minute survey, you will help them achieve this, while having the chance to win a $5000 voucher from Flight Centre.
If you’re interested in learning more about TermPlus, more information can be found online at termplus.com.au.
Better returns from your savings, and perhaps your dream holiday … awaits. T&Cs apply.
