Colonial First State has launched Challenger’s CarePlus annuity on the FirstChoice platform, creating easy access for financial advisers whilst continuing to provide leading retirement solutions to clients.
General Manager Product and Investments at Colonial First State, Peter Chun, said the move comes as part of a broader commitment to cement Colonial First State’s position as the best retirement platform, as rated by advisers*.
“Offering leading retirement products on our platform results in stronger satisfaction and longer relationships with clients.”
Mr Chun added being able to access annuities on platform makes it easier for advisers to implement client retirement strategies which use annuities in conjunction with other products.
“It creates process efficiencies, and allows us to improve the client application process and integrate client reporting.
“Having a complete suite of retirement products available on the one platform can offer advisers a seamless and immediate gateway to start the conversation about aged care earlier, allowing their customers a smoother transition once the need arises.”
The addition of CarePlus follows the successful launch of CommInsure and Challenger annuities on Colonial First State’s FirstChoice and FirstWrap platforms last year.
CarePlus is an aged care solution that combines the benefits of a lifetime annuity providing regular income for aged care costs with life risk insurance providing estate planning certainty. It provides an income stream to help meet the costs of aged care facilities.
