ANZ Wealth creates portfolios for retirees

ANZ Wealth has announced new model portfolios to address the specific needs and concerns of retirees to help them reach their retirement goals.

Developed with Mercer Australia, the portfolios are available through its aligned licensees.

ANZ Wealth Australia general manager for aligned licensees, Darren Whereat, said retirees were a growing and vital segment for their advice groups and made up more than 40 per cent of ANZ's overall client base.

"Out 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," Whereat said.

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"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."

The portfolios will be constructed through a combination of growth, income and regular distributions, or volatility minimisation.

ANZ Wealth said they also incorporated traditional and newer investment techniques such as low volatility equities, unconstrained fixed income, real assets, inflation-protective investments, and hedge fund alternatives.