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here's another load of bollocks

A new 'provider', Pearler, will only offer ETFs . Co-founder Nick Nicolaides says the imposition of an age limit (no Boomers) is not intended to be exclusionary, discriminatory or a means of skirting the government’s push for retirement income services and advice.

Rather, the “no Boomers” message is a reflection of Pearler’s philosophy that investing in passive, broad-based ETFs and holding those products for a long time, is the key to wealth creation.

“We wanted to build a self-directed product, but it’s best suited to people with long, long time horizons,” Nicolaides says. “We are a product for younger accumulators that is trying to solve the problems specifically for younger accumulators.

He said the decision to focus on accumulators was a way to avoid falling into the “pretty typical industry trap” of trying to market to everybody to gain more customers. “This is a decision made after careful consideration and… it’s something we’re going to continue to work on.”
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Reality is they don't want, or will postpone for a decade or three, to have to cater for withdrawals, or provide pension advice. Just another grubby exercise from some rent-seeking tossers.

Cherry picking the easy bits to make their numbers more attractive. Mutton dressed as lamb

<blockquote data-quote="Dona Ferentes" data-source="post: 1321838" data-attributes="member: 66457">here&#039;s another load of bollocksA new &#039;provider&#039;, Pearler, will only offer ETFs . Co-founder Nick Nicolaides says the imposition of an age limit (no Boomers) is not intended to be exclusionary, discriminatory or a means of skirting the government’s push for retirement income services and advice.Rather, the “no Boomers” message is a reflection of Pearler’s philosophy that investing in passive, broad-based ETFs and holding those products for a long time, is the key to wealth creation.“We wanted to build a self-directed product, but it’s best suited to people with long, long time horizons,” Nicolaides says. “We are a product for younger accumulators that is trying to solve the problems specifically for younger accumulators.He said the decision to focus on accumulators was a way to avoid falling into the “pretty typical industry trap” of trying to market to everybody to gain more customers. “This is a decision made after careful consideration and… it’s something we’re going to continue to work on.”...Reality is they don&#039;t want, or will postpone for a decade or three, to have to cater for withdrawals, or provide pension advice. Just another grubby exercise from some rent-seeking tossers. Cherry picking the easy bits to make their numbers more attractive. Mutton dressed as lamb </blockquote>

[QUOTE="Dona Ferentes, post: 1321838, member: 66457"] here's another load of bollocks A new 'provider', Pearler, will only offer ETFs . Co-founder Nick Nicolaides says the imposition of an age limit (no Boomers) is not intended to be exclusionary, discriminatory or a means of skirting the government’s push for retirement income services and advice. Rather, the “no Boomers” message is a reflection of Pearler’s philosophy that investing in passive, broad-based ETFs and holding those products for a long time, is the key to wealth creation. “[I]We wanted to build a self-directed product, but it’s best suited to people with long, long time horizons[/I],” Nicolaides says. “[I]We are a product for younger accumulators that is trying to solve the problems specifically for younger accumulators[/I]. He said the decision to focus on accumulators was a way to avoid falling into the “pretty typical industry trap” of trying to market to everybody to gain more customers. “[I]This is a decision made after careful consideration and… it’s something we’re going to continue to work on[/I].” . . . [I][COLOR=rgb(41, 105, 176)]Reality is they don't want, or will postpone for a decade or three, to have to cater for withdrawals, or provide pension advice. Just another grubby exercise from some [/COLOR]rent-seeking tossers. Cherry picking the easy bits to make their numbers more attractive. Mutton dressed as lamb [/I] [/QUOTE]

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