Generation Life expands investment bond menu, adding two Morningstar Model Portfolios
Generation Life, Australia’s leading provider of innovative tax-effective investment bond solutions, today announced the expansion of its existing investment bonds menu offering to include two new Model Portfolios managed by Morningstar Investment Management Australia Limited (‘Morningstar’).
The addition of the Morningstar Growth and High Growth Model Portfolios to the Generation Life investment bond range enables advisers to access professionally managed, multi-asset model portfolios with Morningstar’s high conviction views, coupled with the benefit of the tax-effectiveness of an investment bond structure.
Generation Life is the only investment bond provider to offer Morningstar Model Portfolios through a tax-effective investment bond tax structure. The combination of direct equities, ETFs and managed funds in the one model portfolio provides a streamlined and tax-effective mix of investments to help advisers and clients reach their financial planning objectives.
John Laver, Head of Investment at Generation Life, said: “We understand the importance of providing advisers a consistent portfolio allocation experience for their clients’ across various product structures including superannuation and Investor Directed Portfolio Services (IDPS) structures, with a focus on providing inflation linked investment outcomes. We believe that Morningstar’s portfolio approach, which focuses on outpacing the rising cost of living, is particularly relevant in the current economic and market environment.”
While this is the first time Morningstar and Generation Life have offered model portfolios through an investment bond structure, it’s important to note that it has been constructed with financial advisers in mind. By consolidating financial advisers’ investment product suites across their clients’ investment strategies, these new model portfolios will cut out many of the needless administrative processes that advisers currently face while also enhancing after-tax returns for their clients.
Matt Wacher, Chief Investment Officer at Morningstar, said: “We’re delighted to be working with Generation Life to bring our Growth and High Growth Model Portfolios to their network.
Morningstar’s valuation-driven approach has been tried and tested over several years, reducing day-to-day administration and friction for advisers while providing holistic, long-term solutions for clients. Our portfolios are built on rigorous analysis and constructed to be robust throughout the spectrum of market conditions.
With Generation Life, we’re pleased to bring these solutions via an investment bond structure, resulting in an investment process that centres both advisers and their clients.”
Generation Life is well-placed to join with Morningstar as an innovative financial solutions provider. Generation Life was also recently recognised top 10 in the AFR Boss Most Innovative Companies list for its unique investment-linked lifetime annuities offering and innovation, the only Life Insurance/Asset Management Company to be listed within the superannuation and banking category: LifeIncome.
