Advisers can now generate quotes, submit new applications, and view their client’s Challenger annuity alongside other investments via the HUB24 platform. Advisers are also supported by Challenger tools, resources and calculators.
Challenger Chief Executive Officer, Richard Howes said: “Making Challenger annuities available via advice platforms makes it easier and more efficient for advisers to include guaranteed income streams in their clients’ portfolios.
“Challenger annuities are a compelling product for retirees who want peace of mind around their income and spending. Making our annuities available via the HUB24 platform allows us to reach a wider range of advisers who are looking to ensure their clients’ can access secure income in retirement.”
HUB24 Managing Director, Andrew Alcock commented: “Access to regular cashflow in retirement is generally a top priority for clients, so we are pleased to launch Challenger annuities on HUB24. We are committed to continually enhancing the range of investment solutions available for advisers and their clients and to work with providers such as Challenger who are looking to expand their reach.”
Mr Howes said growing the availability of Challenger annuities via investment and superannuation platforms is a key strategy to expanding Challenger’s distribution networks.
“The launch of Challenger annuities via HUB24 is an important milestone for Challenger as we work towards expanding our distribution channels.
“Advisers are an important channel in reaching retirees and making annuities available via platforms will support the recent growth in sales we have seen by independent financial advisers.”
Challenger Limited (Challenger) is an investment management firm focused on providing customers with financial security for retirement.
Challenger operates two core investment businesses, a fiduciary Funds Management division and an APRA-regulated Life division. Challenger Life Company Limited (Challenger Life) is Australia's largest provider of annuities.
For more information contact:
Head of External Communication
Tel (02) 9994 7195
Mob 0402 663 522