THIS SITE IS INTENDED FOR ADVISER USE ONLY

By clicking through to the Adviser content within, you confirm that you are a licensed adviser operating under an Australian Financial Services License.

I'm an Adviser

I'm not an Adviser

An overview of Milliman

  • Milliman is a global actuarial firm it's been providing risk management services to large international institutions since 1947.

     

    We began life in the Australian market in 2005 and at that point in time we really started by working with institutions to help them develop products for the retirement market, really focusing on how retirees can manage a whole range of risks they begin to face such as market risk, longevity risk and others.

     

    However having done that for a number of years we started to identify that there are a range of other issues that really needed the type of expertise a firm like ours had.

     

    So we began to look at a range of different things; firstly we began by looking at how advice was given and the sorts of analytics and the powerful analysis that could be used to support advisers as they try to understand the nature of the problem. And try to fix and provide solutions to their retiree clients.

     

    As we begun to do that we also discovered there are a range of other things that needed to be solved to help advisers and their clients understand the range of problems and situations their retiree clients were facing.

     

    So then two years ago we actually began looking at how retirees lived their lives. We did this by looking at large data sets so the data sets included things like banking and transaction records, property data and grocery basket information. Really with a clear purpose to understand how retirees lived their lives, from there we could quantify the types of issues they faced and the risks that were posed to those types of retirement lifestyles; with an ultimate objective to designing better investment solutions and products to help support retirement lifestyles.

     

Adviser use only

Unless otherwise specified, this document has been prepared by Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) based on its understanding of current regulatory requirements and laws as at the date of publication. While all care has been taken in the preparation of this document (using sources believed to be reliable and accurate), to the maximum extent permitted by law, no person including Colonial First State or any member of the Commonwealth Bank group of companies, accepts responsibility for any loss suffered by any person arising from reliance on this information. Colonial First State is the issuer of interests in FirstChoice Personal Super, FirstChoice Wholesale Personal Super, FirstChoice Pension, FirstChoice Wholesale Pension, FirstChoice Employer Super offered from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. It also issues interests in the Rollover & Superannuation Fund (ROSCO) and Personal Pension Plan (PPP) offered from the Colonial First State Rollover & Superannuation Fund ABN 88 854 638 840. Colonial First State also issues other investment products made available under FirstChoice Investments and FirstChoice Wholesale Investments, other than FirstRate Saver, FirstRate Term Deposits and FirstRate Investment Deposits which are products of the Commonwealth Bank of Australia ABN 48 123 123 124, AFS Licence 234945 (the Bank). Colonial First State is a wholly owned subsidiary of the Bank. The Bank and its subsidiaries do not guarantee the performance of FirstChoice products or the repayment of capital from any investments. This document provides information for the adviser only and is not to be handed on to any investor. It does not take into account any person’s individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) before making any recommendations to a client. Clients should read the PDS before making an investment decision and consider talking to a financial adviser. PDSs can be obtained from colonialfirststate.com.au or by calling us on 13 18 36.

 

From time to time, Colonial First State enters into alliance partnerships with dedicated and experienced investment specialists. Each alliance represents an agreement for Colonial First State to provide third party distribution services within the Australian Financial Services intermediary market.

 

Past performance is no indication of future performance.

 

Stocks and investment options mentioned are for illustrative purposes only and are not recommendations to any person to buy sell or hold these stocks.

 

Taxation considerations are general and based on present taxation laws and may be subject to change. Clients should seek independent, professional tax advice before making any decision based on this information. Colonial First State is also not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and clients should seek tax advice from a registered tax agent or a registered tax (financial) adviser if they intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.

Contact us

The content displayed on this page is intended for financial advisers only