Adrian Stewart
Allianz Retire+ has announced its retirement income solution Allianz Guaranteed Income for Life (AGILE) will be added to market leading wealth management platform HUB24 in Q4 of this year.
The latest announcement responds to the call for action from the Government for the financial services industry to meet the increasing demand for more innovative retirement income and longevity solutions.
Allianz Retire+’s policy administration technology is leading edge and specialises in delivering multi decade guaranteed income for life solutions. AGILE is designed to anchor a client’s retirement portfolio while still allowing advisers to manage the overall total asset allocation and income buckets for clients. It also allows flexible access to capital should circumstances change.
Allianz Australia Life Insurance CEO, Adrian Stewart said, “For the first time ever advisers will have access to a guaranteed income for life which sits within a client’s superfund account or Account Based Pension which allows clients to select AGILE as an option within their portfolios.
With full administration and reporting functionality, advisers will be able to proactively plan for their client’s retirement while still in the accumulation phase, as well as the retirement income phase. Giving advisers greater control of their client’s asset allocation and allowing advisers to accurately model their client’s income for life.
The addition of AGILE to the HUB24 platform is a collaboration we are extremely proud of. We have been working closely with HUB24 over several months to make AGILE available on the HUB24 platform.
Minister Jones has continued the Government’s focus on Australians having access to retirement income solutions, this integration allows trustees and advisers to deliver better outcomes for Australian retirees.”
Managing Director of HUB24, Andrew Alcock said, “As more Australians enter retirement there is increasing demand for innovative products that can provide sustainable retirement income to provide security throughout this phase of their life.
“By collaborating with Allianz Retire+ to launch AGILE on HUB24, we’re making available a market-leading product that provides advisers the solutions they need to help clients achieve their retirement goals and empower better financial futures for more Australians.”
AGILE also recently received an “Approved” rating from investment research house Lonsec Research Pty Ltd and a “Recommended” rating from Zenith Investment Partners.
Allianz Group 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.
