Patrick Clarke

New independent research recently released by award-winning SMSF actuarial certificate provider, Accurium, has confirmed that LifeIncome – its investment-linked lifetime income product – can materially enhance retirement outcomes and sustainable regular income for Australian retirees.

The report, ‘Confidence for Life – A retirement advice framework’ analysed 672 retirement strategies and 96 household cohorts across 2,000 simulations.  It found that retirees with moderate to high asset values and conservative to growth risk profiles experienced improvement when LifeIncome was included in their portfolios. For many cohorts, confidence in retirement strategy scores improved by at least +10%, with the strongest uplift reaching +41%.*

These findings are significant given a central issue in retirement planning is longevity risk, or the fear of outliving savings. The research demonstrates how LifeIncome can help by providing income guaranteed for life that can grow with investment performance, while also improving access to the Age Pension today. Modelling showed some households could see their first-year Age Pension rise by up to 68% when LifeIncome was part of their portfolio.*

Patrick Clarke, General Manager of Retirement Solutions at Generation Life, said: “This research underscores how LifeIncome can give retirees both confidence and choice. By combining income guaranteed for life with access to growth assets, LifeIncome can help advisers deliver better outcomes for their clients. Retirees can enjoy today, while knowing their future needs can be covered – it’s about replacing fear with confidence. We see this as a major step forward in helping Australians retire with greater certainty and freedom.

Melanie Dunn, Principal at Accurium, said: “Our independent research gives advisers clear insights into how lifetime income products like LifeIncome can fit within a retirement strategy. By modelling real-life scenarios, we aimed to provide advisers with a practical framework to help clients balance flexibility, sustainability, and confidence in retirement. Our goal is to ensure advisers are better equipped to guide their clients through one of the most complex financial challenges they will ever face – turning savings into a reliable income for life.”

Unlocking opportunities for advisers

The findings come as government policy reforms – such as the Best Practice Principles for the Retirement Income Covenant – place greater focus on high quality, sustainable retirement income strategies. So, advisers are also increasingly seeking solutions that can extend beyond traditional account-based pensions.

LifeIncome offers a way that can:

• Manage longevity risk
• Work in tandem with the social security system
• Deliver client-focused retirement outcomes

Driving the future of retirement innovation

Generation Life continues to strengthen its retirement solutions platform. In May 2025, it announced a strategic alliance with BlackRock to co-develop Holistic Retirement Solutions, further reinforcing its commitment to innovation and market-leading products for advisers and their clients.

As Australians have been living longer, the demand for retirement solutions that balance certainty will only continue to grow. Investment-linked lifetime income products like LifeIncome are uniquely positioned to address this need, offering advisers a powerful tool that can improve client outcomes and strengthen their value proposition in a competitive advice landscape.

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* Models are based on assumptions and estimates not to be relied on to make final decisions. There are risks associated with particular asset classes of a product and including a product in a particular investment plan. Read the report including its future looking information (based on past performances – not a reliable indication of future performance) to assess whether the information is reliable and relevant for you. The product’s Product Disclosure Statement (PDS) and Target Market Determination (TMD) are available at www.genlife.com.au and should be considered in deciding whether to acquire, hold or dispose of the product. Superannuation products’ PDSs, offer documents and TMDs are available via the websites of their product issuers. Professional financial advice is recommended. Generation Life, GDS and Evidentia exclude, to the maximum extent permitted by law, any liability (including negligence) that might arise from this information or any reliance on it. Generation Life, GDS and Evidentia do not make any guarantee or representation as to any particular level of investment returns. Generation Life does not accept any responsibility or liability for superannuation general financial product advice provided by GDS. 

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