The wealth division of a major bank has announced details of new model portfolios which focus on the specific needs of retirees.
ANZ Wealth says its Retirement Model Portfolios were constructed using the principle of diversification across asset classes, incorporating traditional and newer investment techniques such as low volatility equities, unconstrained fixed income, real assets, inflation-protective investments and hedge fund alternatives.
Each of the model portfolios has a stated objective, which could be a combination of growth, income and regular distributions or volatility minimisation.
The model portfolios were developed with Mercer Australia following extensive consultation with financial advisers specialising in advice for retirees.
“The market-based model portfolios can be tailored to an individual’s needs and risk profile,” ANZ Wealth's Australian general manager for aligned licensees, Darren Whereat, said in a statement.
“They can also be complemented by the aged pension and products like annuities, providing more certainty for retirees looking for a consistent income stream or concerned about outliving their savings.”
Mr Whereat said retirees are a growing segment for the company’s advice groups.
“Our advisers tell us their clients are increasingly concerned about outliving their retirement savings, the rising costs of health and aged care and reducing government support,” he said.
“They want to live comfortably in retirement, without the fear of running out of money or being solely dependent on the aged pension.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
14 Dec 2017‘Forward-thinking’ advisers drive mFunds growthBy Aleks Vickovich
14 Dec 2017FASEA announces education requirementsBy Staff Reporter
14 Dec 2017HNW advice take-up plummets: reportBy Staff Reporter
14 Dec 2017CBA issues response to AUSTRAC allegationsBy Staff Reporter
13 Dec 2017Proposed ASIC penalties inappropriate: FPABy Staff Reporter
13 Dec 2017AMP QLD head of sales to departBy Aleks Vickovich
- view all