TermPlus Fixed-Term Accounts Delivers Monthly Income, Catering To Australia’s 4.4 Million Retirees - May 2026 Two-Year Target Rate 8.00%* Per Annum

Sydney, Australia, May 20, 2026 (GLOBE NEWSWIRE) -- Australia's retiree population continues to grow. Australian Bureau of Statistics demographic data shows approximately 4.4 million Australians aged 65 and over, around 17% of the population, with Treasury's Intergenerational Report projecting that share to keep rising through 2063. The shift creates a structural challenge: more Australians are entering the drawdown phase of their financial lives, where the priority moves from accumulating wealth to converting it into reliable income for the years ahead. One product positioned for that drawdown stage is TermPlus, a high-yield fixed-term account powered by Pengana Capital Group. TermPlus is a registered managed investment scheme (ARSN 668 902 323) under Chapter 5C of the Corporations Act, issued by Pengana Capital Limited (AFSL 226 566).