Lonsec and Milliman launch retirement website to provide practical solutions for advisers
Lonsec and Milliman launch new retirement website.
Investment research house Lonsec Research (Lonsec), in partnership with global actuarial and consulting firm Milliman, yesterday unveiled a retirement website designed to provide practical and implementable solutions for financial advisers providing advice to retiree clients.
As Australia’s population ages, the funding of retiree pensions represents one of the greatest challenges facing the industry. In response, Lonsec and Milliman have developed a centralised online solution for objectives-based retirement portfolio construction innovation and thought leadership, giving financial advisers the tools and strategies to provide better retirement solutions for their clients.
Lukasz de Pourbaix, General Manager – Lonsec Investment Consulting, said despite increased awareness of the investment issue relating to retirement; there were no real practical adviser solutions in the market.
“We hear about it everywhere – an increasing number of Australians facing retirement and with that brings new investment strategy and investment challenges. However, no one has been working to provide a practical solution for financial advisers to deal with some of these challenges. We have developed an end-to-end solution to help to support advisers faced with the need to provide advice to the ever-growing group of Australian retirees,” said Mr de Pourbaix.
Lonsec Retire (www.lonsecretire.com.au) offers an extensive service to subscribers across three advice modules – Research, Solutions and Industry Panel.
The Research module provides thought leadership, such as white papers and detailed research on topics such as longevity risk, the politics of pensions and sequencing risk. It is aimed at assisting financial advisers in their discussions with clients. This module is home to the second jointly authored white paper from Lonsec and Milliman launched today, entitled: ‘Smiles, Handshakes & Farewells…..Then What? – The changing dynamics of wealth, risk and needs in retirement’.
“For individuals, as retirement approaches, investment decisions and attitudes to risk naturally change. Building on our initial discussions, this paper looks to provide practical support to financial advisers in offering strategic advice and actively managing changing behavioural factors to produce better outcomes for clients,” said Mr Wade Matterson, Practice Leader, Milliman.
According to Mr de Pourbaix, despite the growing number of retirement financial products in the market, there continues to be a lack of guidance around constructing objective based portfolios, hence the development of the Solutions module.
The Solutions module has three components focused on providing practical portfolio solutions for financial advisers.
“The first component is a retirement portfolio construction guide, which details the financial planning process and provides a practical guide for constructing an implementable objectives-based portfolio. The second is an approved product list that spans a broad range of quality financial products researched by Lonsec, linking directly to Lonsec’s in-depth research reports.
