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We cover recent developments in the superannuation industry, post-retirement products, the cost of managing risk, online technology, financial advice and more. To get our newsletters, sign up here.


Key questions to ask your risk manager to avoid disappointing performance

While investing with a long-term perspective is important, the reality is that many investors cannot simply ride out the impact of a sustained downturn or excessive volatility.

Should super funds be lowering their investment targets?

Super funds can’t offer investment return certainty but they can offer long-term probabilities.

The failings of diversification: The benefits of a multi-tiered approach

Effective risk management begins with diversification, but doesn’t end there.


Additional articles



The Millennial imperative: Engage or perish

Trying to sell the benefits of superannuation funds to those who won’t reap the rewards for decades is a difficult task.

Retirement income for the masses: A new covenant wrapped in an old conundrum

Trustees will need to understand and engage with their members like never before if they are to have any chance of delivering on their promises.

Meeting Australia’s defined benefit liabilities: It’s not a crisis if you see it coming

The majority of employees may now be in defined contribution plans, but thousands of Australians remain in defined benefit schemes, which owe them a sizeable $342 billion.


Additional articles


Financial Planning

Goal tolerance: when goals meet risk tolerance

Placing a greater emphasis on clients’ objectives and wrapping this around their risk tolerance can produce higher levels of engagement and offers a more accurate pointer to investor behaviour.

Why the automated advice industry can’t leave goals behind

Automated advice has the potential to deliver better results for investors.

Probability is power, but numbers alone can’t change behaviour

The power of sophisticated analysis, combined with more effective communication from advisers taking into account behavioural biases, can help investors achieve their goals like never before.


Additional articles


Behavioural Finance

Why short-term thinking is here to stay

Short-termism is still at work today and a key driver behind the irrational decisions investors are prone to making.

Behavioural biases: Tackling loss aversion

Loss aversion is a key behavioural bias which needs to be overcome if retirees are to have any chance of reaching their savings target.


Issued by Milliman Pty. Ltd. (Milliman AU) (ABN51 093 828 418) (AFSL 340679) Please contact Milliman to obtain more information about the products and services we offer as not all products and services may be suitable for you.

The Milliman Managed Risk Strategy is available only to persons who meet the requirements for a "wholesale client" under the Corporations Act and trustees of superannuation funds with net assets of at least A$10 million (Clients). Clients must have an agreement with Milliman Pty Ltd ABN 51 093 828 418 AFSL 340679 (Milliman) to implement the strategy (Service) against a portfolio of the Client's equity investments (such as listed shares), which enables the Client to use the Service or to offer the Service to members of the Client's superannuation fund.

Milliman makes no recommendation and gives no statement of opinion to Clients, members of Clients' superannuation funds or their respective advisers in relation to use of, or any investments, in the Service. Before considering whether to use the Service, Clients may wish to obtain professional advice (including taxation advice). Investments in, the Service are subject to market and other risks, and no guarantee or assurance is given by Milliman that such investments will not give rise to losses or that performance of the Service will completely reflect inversely the performance of equities markets generally or a Client's portfolio of equity investments. While generally assets which are acquired through use of the Service will be liquid, this may not be the case in all circumstances. Further, during periods of sustained market growth, the return to Clients from the combination of their portfolio of equity investments and assets held in the Service should be less than if the Client did not participate in the Service. Fees and conditions apply to use of the Service.

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