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05 September 2017
AMP strengthens retirement offer

AMP has broadened its retirement offer, with advisers and customers now able to access the full range of Challenger annuities through AMP's wealth management adviser portal and digital customer tools.

Through the portal, advisers can benefit from a simple online application process for Challenger's term annuities, Liquid Lifetime range and CarePlus products, including pre-population of customer data and consolidated reporting for their customer's product holdings.

Customers of AMP's North and MyNorth platforms, AMP Flexible Super and SignatureSuper, are also able to access a single view of their Challenger annuities alongside their other investments through AMP's wealth management app, My AMP.

"We know that achieving quality of life in retirement is an important goal for many Australians, "commented Vicki Doyle, AMP's Director of Superannuation, Retirement and Investments.

"By offering high-quality goals-based advice, market leading products, platforms and contemporary digital solutions, AMP's aim is to help our customers achieve the retirement to which they aspire.

"Making annuities easily accessible for our advisers and customers further strengthens our retirement offer, helping them develop, track and benefit from goals-based investment strategies,"said Ms Doyle.

AMP offers a comprehensive range of retirement solutions, including retail and corporate superannuation, retirement income and investment products, and SMSF administration andsoftware services.

"Challenger annuities provide a layer of stable and secure retirement income to ensure retirees meet their needs through their entire retirement. They support AMP's approach to goals-basedadvice for Australia's retirees," said Richard Howes, Challenger Chief Executive, Distribution, Product and Marketing.

The product features and rates of Challenger annuities administered by AMP are the same as those offered directly by Challenger. More information is available here.