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.
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."
AUTHOR
Jason Spits
Recommended for you
The corporate regulator has cancelled the AFSL of a Perth advice firm with the firm having previously seen its licence temporarily suspended in 2020.
Having proposed changes earlier this year, ASIC has clarified how it will support licensees with additional relief under the reportable situations regime.
AMP has partnered with BlackRock and research house Lonsec to provide a model portfolio capability on its North platform that offers “portfolio customisation at scale” to advice practices of all sizes.
Money Management rounds up actions ASIC took against advice individuals in the first half for FY25 from exam falsifications to dishonest conduct.
