Iress’ new retirement solution aims to lift advice efficiency

Binaya Dahal

Journalist

21 April 2026

Iress says its new retirement income solution will materially improve efficiency across the advice process by reducing manual data entry, enhancing consistency, and supporting the delivery of high-quality retirement advice at scale. 

The advice-led technology solution, developed in partnership with Challenger and made available online through Xplan on Monday, allows advisers to model, compare and implement retirement income strategies within the platform as part of a single, end-to-end advice workflow.

Iress’ acting chief executive of wealth APAC Sam Wall said the feedback from adviser pilot had been strong, particularly around the quality of income projection modelling.

“Advisers highlighted how effectively it articulates a client’s income trajectory over time, which materially strengthens the quality of client conversations,” Wall said.

“By partnering with leading retirement providers like Challenger, we are helping advisers embed guaranteed and market linked lifetime income options as a core component of retirement strategies and support a more consistent, whole-of-industry approach.”

The solution also brings together account-based pensions with guaranteed and market-linked lifetime income products.

It covers the full advice journey within Xplan, including fact-finding, strategy modelling, product comparison, advice generation and ongoing review, eliminating the need to move between separate systems.

Challenger chief executive of customer Mandy Mannix said the integration makes it easier to embed guaranteed income as a core element of retirement strategies.

“We know retirees want guaranteed regular income, it gives them peace of mind and confidence to enjoy retirement,” Mannix said.

“Solutions like this make it easier for advisers to include guaranteed income in retirement strategies, supporting more consistent and confident outcomes for their clients.”