First Challenger, now TAL partners with HUB24

Platform HUB24 has broken new ground by developing a lifetime retirement solution with major life insurer TAL to be made available via financial advisers.

The two companies are planning to launch the solution in the first half of 2026 and is designed to optimise a member’s outcome if they transition from a lifetime superannuation account to a lifetime income account.

Development of the product comes as TAL expands its presence in the retirement income space, not least via the investment of its parent Dai-Ichi in annuities specialist Challenger Limited.

Commenting on the move, HUB24 chief executive, Andrew Alcock said the firm had an important role to play in delivering solutions that enable financial advisers to support their clients through all the stages of their life, including planning for a fulfilling and secure retirement.

“We’re delighted to be collaborating with TAL to deliver our Innovative Retirement Income Stream solution, providing more choice for advisers and their clients,” he said.

TAL chief executive, Group Life and Retirement, Jenny Oliver said the insurer was delighted to be working with HUB24 and the advisers using the platform to provide clear and accessible retirement options for their clients.

HUB24 noted that the new retirement solution builds on its launch of Discover – a platform and managed portfolio solution designed for clients with lower balances or less complex needs – and Private Invest, which provides advised high-net worth clients with access to wholesale investment solutions and non-custody administration via the HUB24 platform.