AMP adds Challenger annuities
AMP is increasing the accessibility of its retirement offering, with advisers and customers gaining access to Challenger annuities through the wealth managers adviser portal and digital customer tools.
Challenger’s term annuities, Liquid Lifetime range and CarePlus products would be accessible through the portal, along with pre-population features for customer data.
“Achieving quality of life in retirement is an important goal for many Australians,” said AMP director of superannuation, retirement and investments, Vicki Doyle.
“Making annuities easily accessible for our advisers and customers further strengthens our retirement offer, helping them develop, track and benefit from goals-based investment strategies.”
AMP North and MyNorth platforms, AMP Flexible Super and SignatureSuper customers would also be able to access Challenger annuities through AMP’s wealth management app.
AUTHOR
Hope William-Smith
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
