Lonsec-Milliman collaboration signs first planning client

Lonsec Retire, the collaboration between research house Lonsec and actuarial firm Milliman, has signed Telstra Super Financial Planning as its first client to access its portfolio construction service and retirement solutions research.

The collaboration between Lonsec and Milliman was launched last month and is supported by an industry panel which includes BT Investment Management, Colonial First State, Macquarie, Metlife, MLC and Plato Investment Management.

Lonsec Investment Consulting general manager Lukasz de Pourbaix said Lonsec Retire would provide adviser-focused strategies and support material to Telstra Super financial advisers to assist them in providing retirement advice to their clients.

Related News:

According to de Pourbaix Telstra Super financial planners will be able to use the objective based framework, model portfolios and retirement product focused approved product list developed by Lonsec Retire. They would also be able to access the information developed by the panel on retirement issues.

“Both retail and industry superannuation funds are having to address retirement income issues and we are seeing growing interest in what we provide as funds seek to retain members as they move into the draw down phase of the superannuation,” de Pourbaix said.

Telstra Super Financial Planning general manager Ivan Jones said the addition of the Lonsec Retire service added to its increased focus on services for its members in and approaching retirement.

In September Telstra Super launched a member direct option developed in conjunction with UBS which gives members access to term deposits and online share trading in the local equities market.

"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."

Related Content

ASIC clarifies rule around ‘independent’

The Australian Securities and Investments Commission (ASIC) has obtained legal advice and clarified its position on the use of restricted terms relati...more

IOOF acquires NAB’s trustee business

IOOF is to acquire National Australia Bank’s National Australia Trustees Limited giving it significant scale in the market.The transaction was confi...more

Competition driving fee compression

Rising competition from new and cheaper products has helped drive down funds management fees, according to new research released this by investment co...more


Add new comment