Launched last month, Lonsec Retire is a collaboration between Lonsec and Milliman providing financial advisers with access to contemporary investment strategies to help meet the investment needs of retirees.
It offers retirement portfolio construction advice, research and thought leadership around issues such as management and regulatory changes.
The service is run by an industry panel consisting of BT Investment Management, Colonial First State, Macquarie, Metlife, MLC and Plato Investment Management.
Lukasz de Pourbaix, general manager of Lonsec Investment Consulting, said Telstra Super’s financial advisers can now access an extensive range 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,” said Mr Pourbaix.
Ivan Jones, general manager of Telstra Super Financial Planning said the company focus has been on delivering outcomes and solutions for its 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,” said Mr Jones.
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,” said Mr Matterson.
He said funding Australia’s growing retirement market is one of the great challenges facing the 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.”
