In the new role, Kucko will lead go-to-market programs as TermPlus scales nationally during a moment of growth in private credit.
Commenting on the appointment, TermPlus managing executive Dean Weinbren said Kucko’s previous marketing experience at Challenger and Kaplan Professional made her the ideal candidate.
“Veda is a proven leader from Challenger, and her experience will be essential as we continue to build TermPlus as a category leader,” said Weinbren.
TermPlus, a joint initiative between Pengana and investment consultant Mercer, offers fixed-term accounts that generate a high-yield monthly income through global private credit investments.
The product differentiates itself from traditional fixed-income offerings by targeting a fixed margin above the RBA cash rate. It achieves this by investing in institutional-grade global private credit, rather than being tied to bond price movements.
“TermPlus takes a distinct approach, giving Australians access to a diversified global private credit engine from a starting balance of just $2,000, with returns expressed as a transparent fixed margin above the RBA cash rate,” said Weinbren.
According to Pengana, TermPlus has seen growing interest from financial advisers, SMSFs, and income-seeking investors since it soft-launched in mid-2024. Funds under management (FUM) and the number of new accounts have each more than doubled since April 2025.
“Investor demand for dependable monthly income remains strong, and the market is hungry for superior solutions that don’t simply repackage traditional fixed income,” Weinbren said.
Kucko agreed, adding that TermPlus has increased the accessibility of global private credit diversification and returns.
“Pengana has tapped into what investors really want: simple, reliable monthly income delivered via a sophisticated platform”, she said.
“I’m thrilled to join the team and help more Australians understand why TermPlus is becoming a compelling, better alternative to traditional fixed income options.”
