ANZ Wealth has joined forces with Mercer Australia to develop new model portfolios to meet the specific requirements of retirees.
The new portfolios, which will be available through ANZ Wealth aligned licensees, will emphasise diversification across asset classes.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The portfolios would include low volatility equities, unconstrained fixed income, real assets, inflation-protective investments, as well as hedge funds.
The launch follows the findings of the Australian government’s 2015 Intergenerational Report, which predicted a drastic shift in the nation’s demographics and highlighted that the number of Australians aged 65 years or above will more than double by 2055.
ANZ Wealth Australia general manager aligned licensees Darren Whereat stated that retirees form a important segment for advice groups and at present constitute over 40% of the total client base.
"Access to quality financial advice will help Australians secure their future financial wellbeing. This is why we developed the model portfolios to ensure we are providing a solution that addresses the specific needs and concerns of retirees and will help them reach their retirement goals," he said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“The market-based model portfolios can be tailored to an individual’s needs and risk profile. 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,” Whereat added.
