Telstra Super joins Lonsec & Milliman retirement network

Lukasz de Pourbaix

Lukasz de Pourbaix

Investment research house Lonsec Research Pty Ltd (Lonsec) and global actuarial and consulting firm Milliman yesterday  announced that Telstra Super Financial Planning (a wholly-owned subsidiary of Telstra Super), has become the first financial services group to sign up to Lonsec Retire, a collaboration between Lonsec and Milliman that provides financial advisers with access to contemporary investment strategies to help them meet the investment needs of retirees.

Lonsec Retire was launched last month and provides retirement portfolio construction advice, as well as research and thought leadership around issues such as risk management and regulatory changes. The service is supported by an industry panel including BT Investment Management, Colonial First State, Macquarie, Metlife, MLC and Plato Investment Management.

Lukasz de Pourbaix, General Manager Lonsec Investment Consulting, said Telstra Super’s financial advisers now have access to an extensive set of practical adviser-focused strategies and support material to help them better advise clients in retirement.

“Telstra Super has shown a commitment to better serving their clients in retirement and we are pleased to welcome their financial advisers to the service. Telstra Super now has access to practical solutions and tools, as well as ongoing thought leadership support through our network of partners.”

Ivan Jones, General Manager of Telstra Super Financial Planning, said,  “We have had an increasing focus on delivering outcomes and solutions for our members in and approaching retirement.”

“The introduction of the Diversified Income investment option, which distributes its income each month, was an innovation to the super industry; having ongoing access to thought leadership through Lonsec Retire will ensure that we continue to innovate our products and services for our members.”

Wade Matterson, Practice Leader at Milliman said, “The market has been seeking a solution to help financial advisers in the retirement space for some time. Until now, advisers have not had access to the support they need to manage the challenges of post-retirement investing.”

“Funding for Australia’s growing retirement market is one of the great challenges ahead of us as a nation. The tools and support we provide will help financial advisers manage clients in retirement through appropriate risk management strategies, appropriate portfolio construction, and a clear understanding of ongoing regulatory and political changes.”

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