Link Group, Allianz Retire+ ink new deal

Yasmine Raso

Senior Journalist, Financial Newswire

27 April 2023

The Retirement and Superannuation Solutions (RSS) arm of Link Group and Allianz Retire+ have penned a new partnership deal that provides Link’s super fund clients access to a range of new retirement income offerings.

The Allianz Guaranteed Income for Life (AGILE) product suite will become the first to be integrated with Link’s recently launched Pathfinder platform and offers clients an investment option within their super fund made available during the late accumulation phase and within an account-based pension.

It seeks to provide more surety for members when planning for retirement and guarantees income for life. Available to super funds later in 2023 on the Pathfinder platform, AGILE will join a host of other integrated solutions, services and tools that enable clients to view a whole picture of their wealth through a personalised experience.

“We are thrilled to partner with Link Group in offering super funds access to a greater variety of retirement income and longevity solutions,” Adrian Stewart, CEO of Allianz Australia Life Insurance, said.

“We recognise the importance of delivering retirement solutions within existing ecosystems to make it easier for super funds and retirees to access.

“We have made significant investments in leading edge annuity technology and retirement solution infrastructure to support rapid and efficient integration to meet the immediate demands of Australian retirees.”

A cloud-enabled platform, Pathfinder uses data and insights to help super funds achieve their retirement missions by providing access to quality retirement income products without the costs or need of technology integration and onboarding.

“We are delighted to partner with Allianz Retire+ in bringing the AGILE longevity solution to our clients through integration with our new Pathfinder retirement platform,” Dee McGrath, CEO Retirement & Superannuation Solutions at Link Group, said.

“The super industry has seen a real shift in focus towards retirement and decumulation, with strong demand for development of innovative solutions like AGILE. This partnership gives our clients access to a product suite that solves for market and longevity risk, creating more certainty for members with a guaranteed income for life.

“To truly tailor unique retirement paths for members, we believe super funds also need choice. This means identifying and providing access to a selection of innovative product solutions, digital tools and services that help members navigate the complex range of decisions and choices required to achieve their best possible retirement outcome.

“We are committed to investing in our Pathfinder platform as we continue to onboard a diverse range of digital tools, products and services that allow seamless integration for clients and offer guided journeys and tailored experiences for members as they near or enter retirement.”