Future of advice hinges on retirement

In launching a new retirement income-focused initiative, research house Lonsec and actuarial firm Milliman have argued the traditional advice model has failed baby boomers and that a new focus on retirement needs is required.

In a joint statement announcing the research partnership, Lonsec and Milliman argue that a mindset shift is necessary for financial advisers in the new regulatory environment.

“Lonsec and Milliman believe that future success in funds management and financial advice will hinge on genuinely responding to the needs of retirees,” the statement said.

“By leveraging their respective skill sets and strengths, Lonsec and Milliman believe their partnership will achieve this goal.

“Further initiatives are planned to address specific post-retirement investment issues in detail, offering progress towards timely solutions.”

Advertisement
Advertisement

Subscribe to the ifa bulletin

Receive daily online news,analysis, reports and business strategies
By signing up you agree to our Terms of Use and Privacy Policy

from the web

Website Notifications

Get notifications in real time and stay up to date with content that matters to you.