Lots of robo, not much advice … part II
In our last installment, we discussed the current state of the digital advice landscape – an underwhelming plethora of discretionary investment and retirement income calculators that do little to solve for Australia’s advice gap. While investment in advice technology proceeds at pace, there is growing acceptance that there may never be a binary choice between […]
Read more...Lots of robo, not much advice … part I
Ever since fintechs and asset managers led the charge in launching robo-advice offerings in Australia; expectations have been building that we’d soon see the democratisation of personal advice through digital channels. Advice of the type afforded by only wealthy Australians might soon be made accessible to anyone through a proposition whose only discriminating factor is […]
Read more...Do clients really care about fees?
Much like their overseas counterparts, regulator in Australia put considerable time and effort (and regulatory muscle) into ensuring that the industry does what’s best for the consumer. And it’s fair to say there has been a heavy – almost myopic – focus on fees and costs. But the question remains… is the regulator actually helping […]
Read more...Press Release: NMG Group acquires stake in data science consultancy Boobook
NMG has acquired a strategic minority stake in Belgian data science consultancy Boobook, effective 1 July 2017. Boobook will continue to operate as an independent entity under its Founder and Managing Director, Nicole Huyghe, but will now benefit from NMG’s global network and infrastructure to support its growth. Founded in 2002, Boobook has a […]
Read more...The World’s Leading Life Protection Markets
In Brief: Having fielded questions from clients and stakeholders for several years, we’ve eventually got around to producing a global index of total risk in-force for the world’s largest life insurance markets. This analysis differs from all others, in that it is focused exclusively on the risk component of life products, meaning mortality, disability and […]
Read more...InsureTech Pioneers
June 2017 | Life Insurance Print this article The redesign of the process for acquisition and risk assessment in life insurance is well underway. Reinsurers have made major contributions, and their latest innovations are at the cutting edge of InsureTech. The original ‘trail blazers’ Automated underwriting systems (AUSs) represent the first meaningful wave of ‘InsureTech’ for […]
Read more...Press Release: Super funds grappling with advice ‘headaches’
In its latest Trialogue article, consulting firm Tria said financial advice has been “causing headaches” as the industry seeks to fix problems of the past and innovate for the future. Tria said there is a macro trend of reducing adviser numbers. Despite this, there has been a constant increase in the hiring of financial advisers […]
Read more...Advice: What’s it worth to a super fund?
Financial advice has been causing headaches across the industry over the last few years, from disparaging newspaper headlines to ASIC interventions and threat of disruption, there has been no let-up in pressure to fix the problems of the past and innovate for the future. Advice presents a conundrum for all workplace superannuation providers, industry fund […]
Read more...Spaceship Part II: Will it take off?
In Part I we looked at what we might learn from Spaceship so far, particularly how it engaged and recruited hitherto disengaged astronauts. Spaceship has engaged a target market, young professionals, that has traditionally presented super funds with some challenges, so this week we look at Spaceship’s prospects: will it take off? Let’s define young […]
Read more...The Genesis of NMG
By Geoff Baars A fading light Travel back to the late 80’s and you’ll find Mark Prichard and myself alongside each other at Swiss Re in South Africa working hard with major clients to help them navigate the relatively new market of Health Insurance. That buzz of working on something new and challenging was really […]
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