Investment consultant JANA Investment Advisers is looking at expanding its expertise in the post-retirement market.
"The post-retirement market is a natural evolution for many of our clients. We will always aim to meet the needs of our clients," JANA chief executive Ian Patrick said.
Patrick said while many of JANA's superannuation fund clients were focused on accumulation balances, mandates might need to be restructured as members of those funds began to draw down on their retirement savings.
The business will draw on existing staff to provide its clients with support on their post-retirement strategies.
"We will be drawing on our existing research. Our staff will have their briefs broadened should our clients need additional advice with such strategies," Patrick said.
The firm, however, might look at hiring specific expertise in the area of longevity risk, he said.
The business now has $10 billion in funds under management and employs about 48 people.
Recently it hired four people: Brendan Donohoe, Domien Beckers, Ann Marco and Mary Power.
The four will work in various parts of the business, including business development and portfolio construction.
"There is no 'big bang' in terms of new business directions. The new appointments are part of incremental changes to areas in our business," Patrick said.
