LonsecRetire gains first client
Telstra Super Financial Planning has become the first financial services group to sign up to Lonsec Retire — a collaboration between research house, Lonsec and consulting firm Milliman.
The arrangement was confirmed this week, with Lonsec and Milliman restating that the new offering, LonsecRetire, was intended to provide advisers with access to contemporary investment strategies to help them meet the investment needs of retirees.
The product, launched last month, is designed to provide retirement portfolio construction advice as well as research and thought leadership around issues such as risk management and regulatory changes.
The service is supported by an industry panel including BT Investment Management, Colonial First State, Macquarie, Metlife, MLC and Plato Investment Management.
Commenting on the Telstra Super Financial Planning arrangement, Lonsec Investment Consulting general manager, Lukasz de Pourbaix said Telstra Super's financial advisers would now have access to an extensive set of practical adviser-focused strategies and support material to help them better advise clients in retirement.
For his part, Telstra Super Financial Planning general manager Ivan Jones said the group had developed an increasing focus on delivering outcomes and solutions for our members in and approaching retirement."
Recommended for you
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.
