Challenger and HUB24 join forces for annuities on platform

Sydney – HUB24 (ASX:HUB) and Challenger Limited (CGF:ASX) today announced they are working together to provide Challenger annuities to advisers and clients on the market-leading HUB24 platform.

Challenger annuities will be available to advisers and their clients on HUB24 via the innovative technology of ConnectHUB – a collaboration between HUB24 and their subsidiary Agility Applications.

ConnectHUB allows product solutions to be rapidly and seamlessly integrated and provides advisers and their clients with a complete view of their portfolio. Advisers will be able to purchase annuities for their clients as they would any other investment on HUB24.

The teams at Challenger and HUB24 are now working together to build the solution.

Andrew Alcock, Managing Director of HUB24, said: “We are committed to continually enhancing our platform and providing choice for our advisers and their clients.

“We’re delighted to be working with the team at Challenger who are well-known for providing market-leading retirement solutions to deliver their products to our rapidly growing client base.”

Challenger Chief Executive Officer Brian Benari said: “HUB24 is one of the fastest growing platforms in the market and is recognised for its innovation and customer focused approach.

“This relationship further demonstrates superannuation industry leaders moving to meet the needs of retirees as lifetime income stream products become a mainstream option in retirement.”

Challenger is an investment management company that is focused on providing customers with financial security for retirement. It is Australia’s largest provider of annuities.

Date released: 14 August 2018