Generation Life, Australia’s leading provider of innovative tax-effective investment bond solutions, today announced the expansion of its existing investment bonds menu offering to include two new Model Portfolios managed by Morningstar Investment Management Australia Limited (‘Morningstar’).
The addition of the Morningstar Growth and High Growth Model Portfolios to the Generation Life investment bond range enables advisers to access professionally managed, multi-asset model portfolios with Morningstar’s high conviction views, coupled with the benefit of the tax-effectiveness of an investment bond structure.
Generation Life is the only investment bond provider to offer Morningstar Model Portfolios through a tax-effective investment bond tax structure. The combination of direct equities, ETFs and managed funds in the one model portfolio provides a streamlined and tax-effective mix of investments to help advisers and clients reach their financial planning objectives.
John Laver, Head of Investment at Generation Life, said: “We understand the importance of providing advisers a consistent portfolio allocation experience for their clients’ across various product structures including superannuation and Investor Directed Portfolio Services (IDPS) structures, with a focus on providing inflation linked investment outcomes. We believe that Morningstar’s portfolio approach, which focuses on outpacing the rising cost of living, is particularly relevant in the current economic and market environment.”
While this the first time Morningstar and Generation Life have offered model portfolios through an investment bond structure, it’s important to note that it has been constructed with financial advisers in mind. By consolidating financial advisers’ investment product suites across their clients’ investment strategies, these new model portfolios will cut out many of the needless administrative processes that advisers currently face while also enhancing after-tax returns for their clients.
Matt Wacher, Chief Investment Officer, Morningstar said: “We’re delighted to be working with Generation Life to bring our Growth and High Growth Model Portfolios to their network.
Morningstar’s valuation-driven approach has been tried and tested over several years, reducing day-to-day administration and friction for advisers while providing holistic, long-term solutions for clients. Our portfolios are built on rigorous analysis and constructed to be robust throughout the spectrum of market conditions.
With Generation Life, we’re pleased to bring these solutions via an investment bond structure, resulting in an investment process that centres both advisers and their clients.”
Generation Life is well-placed to join with Morningstar as an innovative financial solutions provider. Generation Life was also recently recognised top 10 in the AFR Boss Most Innovative Companies list for its unique investment-linked lifetime annuities offering and innovation, the only Life Insurance/Asset Management Company to be listed within the superannuation and banking category: LifeIncome.
About Generation Life
Generation Life is an Australian leader in investment bonds offering an extensive investment menu with choice and quality for investors. Generation Life has been the number one provider for net funds flows for the last four years*. Generation Life has been providing Australians with tax effective investment solutions for over 17 years to help plan for a thriving financial future. For further information visit https://genlife.com.au/
*Plan for Life, Investment Bonds Market Report for period ended 30 June 2022
About Morningstar Investment Management Australia Limited
Morningstar Investment Management Australia Limited is a member of Morningstar’s Investment Management group, a leading provider of discretionary investment management and advisory services. Guided by seven investment principles, the group is committed to focusing on its mission to design portfolios that help investors reach their financial goals. The group’s global investment management team works as one to apply a disciplined investment process to its strategies and portfolios, bringing together core capabilities in asset allocation, investment selection, and portfolio construction. This robust process integrates proprietary research and leading investment techniques. As of June 30, 2022, Morningstar’s Investment Management group was responsible for approximately US$253 billion** in assets under advisement and management across North America, EMEA, and Asia-Pacific.
**Includes assets under management and advisement for Morningstar Investment Management LLC, Morningstar Investment Services LLC, Morningstar Investment Management Europe Ltd., Morningstar Investment Management Australia Ltd., Ibbotson Associates Japan, Inc., Morningstar Investment Management South Africa (PTY) LTD, Morningstar Investment Adviser India Private Ltd., and Morningstar Associates Inc. all of which are subsidiaries of Morningstar, Inc. Advisory services listed are provided by one or more of these entities, which are authorized in the appropriate jurisdiction to provide such services.
