MLC announces partnership with TAL, Challenger
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The news: Wealth manager MLC Investments, a brand of Insignia Financial, has announced it will launch a ‘centre of excellence’ with life insurance firm TAL and annuity provider Challenger to support its new Retirement Boost superannuation product.
The context: The centre of excellence will deliver services that support MLC’s upcoming Retirement Boost superannuation product.
TAL and Challenger will help develop that centre, which will feature in “distribution specialists, digital advice member journeys and modelling tools including a new ‘Retirement Boost Optimiser’ tool to help clients visualise their total retirement income across super, retirement and the age pension”.
MLC Retirement Boost will be available on the MLC Expand platform for advisers to use with superannuation clients from August 2025.
It will operate like a normal superannuation fund but provide additional flexibility for those earning income during retirement.
What they said: “How Australians are thinking about, planning for, and entering retirement has changed,” Insignia Financial chief executive Scott Harley said.
“Until now the super industry has treated the accumulation and decumulation phases entirely separately, and we don’t think that accurately reflects how most people view retirement.”
The source: Insignia Financial media release
