Allianz Retire+ has received a ‘recommended’ rating for its longevity solution AGILE from research house Zenith.
The rating follows a thorough review of the solution and determined that amid the demand for innovative retirement products Allianz Retire+ is well-positioned to leverage its strong global capabilities.
Allianz Retire+ Chief Product & Marketing Officer Simon Aboud says, “We are pleased to receive a positive rating from Zenith. When developing AGILE we were determined to deliver certainty of income and flexibility for retirees within a solution. AGILE is designed to help people plan for retirement in advance by locking in a known retirement income rate and providing flexible access to capital if required.
We understand that retirees need certainty of income in retirement to mitigate longevity risk, and we believe AGILE solves this fear by delivering a guaranteed income stream for life. As a next generation retirement solution, AGILE also delivers flexibility should a retiree’s circumstances change by providing access to capital.
Furthermore, AGILE was designed with advisers in mind and integrates into their current ecosystem, enabling a streamlined process for advisers and their clients.
This rating is an important milestone for the solution and for the Allianz Retire+ business as we continue on our mission of delivering certainty to Australian retirees.”
AGILE is designed to enhance the provision of retirement planning for advisers. It offers the ability to lock in a guaranteed future rate of income while clients are still in the accumulation phase (pre-retirement) to better plan retirement strategies with certainty.
The solution was developed in consultation with the adviser community, super funds, direct retiree feedback and the global Allianz network in established retirement markets.
Allianz is a global leader in the provision of retirement solutions. With over 30 years’ experience in the US retirement market, the group has a presence in over 70 countries and serves 126 million retail and corporate clients. Allianz has been offering customer-centric solutions for Australians since 1914.