Milliman and HUB24 launch solution to tackle market uncertainty

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Milliman, Inc. a global consulting and actuarial firm, has launched its first range of managed account portfolios, with built-in protection against volatility and capital losses. The Milliman SmartShield series is the first managed account offering from the firm, which advises, hedges and consults across $240 billion in assets globally. It has been designed here in […]

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Milliman appoints retirement expert to lead retirement strategy and solutions

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Milliman, a global actuarial consulting firm and leading provider of risk management and retirement services, has appointed retirement expert Amara Haqqani as director of strategy and solutions in Australia. Haqqani has spent close to two decades in financial services including four years at annuities provider Challenger, where she served as senior manager, retirement income policy, […]

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Where to now: Australia’s advice industry at a tipping point?

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After more than a decade working with Australia’s leading institutional players, Milliman is bringing its unique experience, sophisticated tools and big-picture thinking to bare for Australia’s advice community in an effort to markedly improve retirement outcomes. Milliman Australia Practice Lead, Wade Matterson, acknowledged the entire industry is emerging from a bruising few months in the […]

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Milliman and Ignition Wealth announce synergistic collaboration

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Milliman Australia Practice Leader Wade Matterson and Ignition Wealth CEO Manish Prasad have announced a global collaboration between their two firms to combine Ignition Wealth’s integrated bank grade white label digital engagement and advice solutions with Milliman’s analytics, data and consulting prowess. Wade Matterson, Practice Leader, Milliman Australia and Manish Prasad, CEO, Ignition Wealth said, […]

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Milliman announces appointment of Andrew Whelan as Director, Adviser Services

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Global actuarial firm Milliman has announced the appointment of Andrew Whelan to the position of Director, Adviser Services. In this newly created role Mr Whelan will spearhead the development and management of retail and wholesale partnerships nationally, with a key focus on financial advisers and their dealer groups. Principal of Milliman Australia, Wade Matterson, commented, […]

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Milliman and Spark Green join forces to create digital engagement tools

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Global actuarial firm Milliman has entered an agreement with Melbourne-based digital agency Spark Green to create a suite of white label calculators and gadgets for the financial services industry. The two companies will work together to create end-to-end solutions that combine Milliman’s proprietary actuarial and risk platform and Spark Green’s ability to communicate complex financial […]

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Super funds: Learn more about members or risk regulatory intervention

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The prudential regulator has warned super fund trustees to provide concrete evidence that they understand what their members want before making decisions on their behalf. The call was made by Australian Prudential Regulation Authority (APRA) deputy chair Helen Rowell at a Financial Services Council Leaders Summit panel. While Rowell acknowledged that super fund directors believed […]

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Super funds: learn more about members or risk regulatory intervention

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The prudential regulator has warned super fund trustees to provide concrete evidence that they understand what their members want before making decisions on their behalf. The call was made by Australian Prudential Regulation Authority (APRA) deputy chair Helen Rowell at a Financial Services Council Leaders Summit panel. While Rowell acknowledged that super fund directors believed their decisions […]

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Why the industry’s “comfortable retirement” measures are wrong

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The superannuation industry has placed an extraordinary emphasis on helping members achieve a “comfortable” retirement given it has so little information about what it actually means. What we do know is largely composed of averages and assumptions which are ranked against the ASFA Retirement Standard’s portrait of the average Australian. The standard represented an important […]

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Why the automated advice industry can’t leave goals behind

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The rise of automated advice and new technology is changing the face of financial planning. It is offering low-cost advice to investors who previously couldn’t afford it and bolstering the advice of traditional planners with powerful new analytical tools. However, there’s a problem. Many automated advice providers are simply replicating the increasingly outdated traditional advice […]

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