For many clients who find Australia an attractive location to settle, the bond is potentially the perfect nest egg.
While resident in Australia, a planholder can make tax-free withdrawals after owning the bond for 10 years.
Balancing act
The advancement of platform technology and the new efficiency in which we interact with our finances can add real value to our product proposition.
However, we need to balance this convenience with the need for truly relevant underlying product structures that can be adapted to meet the ever increasing range of client needs.
In simple terms, the tech platform should not be the tail wagging the product dog but they need to be intertwined.
While this is already happening to some extent, with more product wrappers appearing on platforms it is vitally important that the merits of both are considered to address the rapidly evolving needs of consumers and the business realities advisers face now and in the future.