Hub24 and Challenger have announced they are working together to provide Challenger annuities on the Hub24 platform for advisers and clients.
Challenger annuities will be available to advisers and their clients on Hub24 via the technology of ConnectHub, which is collaboration between Hub24 and subsidiary Agility Applications.
ConnectHub allows product solutions to be integrated, and enables advisers and their clients to have a complete view of their portfolios. It means advisers will be able to purchase annuities for their clients as they would any other investment on Hub24.
Both organisations are working together to build the solution with the aim of having the offering ready by the end of June 2019.
“Hub24 is one of the fastest-growing platforms in the market and is recognised for its innovation and customer-focused approach,” Challenger chief executive Brian Benari said.
“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.”
Hub24 managing director Andrew Alcock said: “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.”