Generation Life adds two Morningstar’s portfolios

Oksana Patron

1 November 2022

Provider of investment bond solutions, Generation Life has announced the expansion of its investment bonds offering with an addition of two new model portfolios managed by Morningstar Investment Management Australia.

This would include two professionally managed multi-asset portfolios with Morningstar’s high conviction views, the Morningstar Growth and High Growth Model Portfolios, that would also offer the benefit of the tax-effectiveness of an investment bond structure.

John Laver, head of investment at Generation Life, said he believed that Morningstar’s portfolio approach was “particularly relevant in the current economic and market environment” as advisers would be provided with more options 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”.

The firm said that Morningstar and Generation Life constructed these portfolios with financial advisers in mind by “consolidating financial advisers’ investment product suites across their clients’ investment strategies” as new model portfolios would aim to cut out “many of the needless administrative processes that advisers currently face while also enhancing after-tax returns for their clients”.

“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,” Matt Wacher, chief investment officer at Morningstar, said.

“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.”