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.”
The super fund says it is in favour of a superannuation advice network involving non-relevant providers with a minimum ...
Minister Jones has more pressing priorities to address before turning his attention to the ASIC levy, he confirmed at an ...
AMP is planning to launch its digital advice tool next year. Speaking at the ASFA Conference in Adelaide, Matt ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin
Comments powered by CComment