Suncorp has entered into a white-labelling agreement with Challenger to offer its customers access to annuities products.
The Queensland-based firm said the annuities offering would be made available national via the financial adviser channel.
Commenting on the development, Suncorp chief executive and managing director, Michael Cameron, said by offering a Suncorp-branded annuity product, the group was able to meet more of its customers’ needs.
“We continue to operate in a low-rate, low-growth environment and this type of product is designed to provide customers with a way to deliver a reliable income stream once they have stopped working,” he said.
