Listed investment management firm Challenger has appointed Aaron Minney to the newly-created position of head of retirement income research.
Minney will be responsible for generating additional intellectual property in the areas of decumulation portfolio construction, investment strategy, retirement risk mitigation, new product solutions and policy support.
He joined Challenger from Colonial First State Global Asset Management, where he was head of investment research and development.
Minney has also held portfolio management roles as Macquarie Funds Management head of Australian fixed interest and as a senior portfolio strategist at Insurance Australia Group.
He will report to Challenger retirement income chairman Jeremy Cooper, who recently chaired the federal government's Super System Review.
"We are delighted to appoint an experienced investment strategist to help strengthen and grow the existing retirement income team," Cooper said.
"To date in Australia, much of the debate around optimal retirement income strategies has been improperly based on accumulation strategies and thinking such as a misplaced reliance on historical average returns instead of the range of potential outcomes.
"This one-size-fits-all approach has led to too many retirees taking on too much retirement risk."
