17 October 2023
Allianz Guaranteed Income for Life (AGILE) to join HUB24 platform
- In collaboration with HUB24, Allianz Guaranteed Income for Life (AGILE) will be available to advisers on the HUB24 platform through HUB24 Invest & HUB24 Super in Q4 2023.
- Innovative retirement income solution designed to support the growth of clients’ retirement assets and the delivery of a guaranteed retirement income stream.
- AGILE received recommended and approved ratings from investment research houses Lonsec and Zenith Investment Partners.
Sydney, Australia (17 October 2023), 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.
-ENDS-
Media contact:
Allianz Retire+
Amy Boyce
P: 0449 553 990
E: Media@allianzretireplus.com.au
About Allianz Retire+
Allianz Retire+ delivers the next generation of retirement income solutions to the Australian market. Our financial product solutions are designed to simplify the complex financial and emotional challenges that can confront people who are heading into retirement. Allianz Retire+ is a world-first Australian venture combining the scale and expertise of international insurance provider Allianz and global investment expert PIMCO.
Disclaimer
This material is issued by Allianz Australia Life Insurance Limited, ABN 27 076 033 782, AFSL 296559. Allianz Retire+ is a registered business name of Allianz Australia Life Insurance Limited. This material has been prepared by Allianz Retire+ for general information purposes only. It is not comprehensive or intended to give financial product advice. Any general advice provided in this material does not take into account your objectives, financial situation or needs. Before acting on anything contained in this material, you should speak to your financial adviser and consider the appropriateness of the information received, having regard to your objectives, financial situation or needs. No person should rely on the content of this material or act on the basis of anything stated herein. Allianz Retire+ and its related entities, agents or employees do not accept any liability for any loss arising whether directly or indirectly from any use of this material. Use of the word ‘guarantee’ in this material refers to an assurance that certain conditions or contractual promises will be fulfilled by Allianz Retire+ from the available assets of its Statutory Fund No 2, in relation to the product terms. This includes ‘guaranteed’ income payments in the Lifetime Income Phase which will be paid from the available assets of Statutory Fund No 2, noting that Allianz Retire+ may terminate the product in certain limited circumstances as outlined in the Product Disclosure Statement referred below. Allianz Australia Life Insurance Limited is the issuer of Allianz Guaranteed Income for Life (AGILE). Prior to making an investment decision, investors should consider the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) which are available on our website (www.allianzretireplus.com.au). PIMCO provides investment management and other support services to Allianz Retire+ but is not responsible for the performance of any Allianz Retire+ product, or any other product or service promoted or supplied by Allianz. Use of the POWERED BY PIMCO trademark, or any other use of the PIMCO name, is not a recommendation of any particular security, strategy or investment product.
Lonsec Disclaimer
The rating issued June 2023 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2023 Lonsec. All rights reserved.
Zenith Disclaimer
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned Allianz Retire+ Allianz Guaranteed Income for Life (AGILE) April 2023) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and the Fund Research Regulatory Guidelines at Fund Research Regulatory Guidelines www.zenithpartners.com.au.