Challenger to add annuities to HUB24
Challenger and HUB24 have announced that the former’s annuities should be available to advisers and clients on the platform by the 2019 financial year.
The two companies said that the annuities would be available via ConnectHUB technology, which was a collaboration between HUB24 and its subsidiary, Agility Applications.
The move would add to Challenger’s three-year history of making its annuities available on superannuation investment and administration platforms. By the end of 2018, the firm anticipated that its annuities would be available on platforms used by two thirds of financial advisers.
Challenger chief executive, Brian Benari, said the move onto HUB24 showed that income products such as annuities were growing in importance.
“HUB24 is one of the fastest growing platforms in the market and is recognised for its innovation and customer-focused approach,” he said.
“This is a further demonstration of how superannuation industry leaders are moving to meet the needs of retirees as lifetime income stream products become an increasingly important option in retirement.”
AUTHOR
Hannah Wootton
Recommended for you
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
