21 May 2019
Zenith awards ‘Recommended’ rating to Allianz Retire+ Future Safe
Allianz Retire+ Future Safe has received another independent endorsement by industry experts, gaining a Recommended rating from the research house, Zenith.
Future Safe is the first retirement solution from Allianz Retire+ and was brought to market in March this year. One of its key purposes is to transform how financial advisers and their clients think about the multi-faceted challenges facing Australians and their retirement.
Allianz Retire+ Chief Executive, Matthew Rady said: “We’re delighted that Zenith has issued a positive report so soon after Future Safe’s launch and we are excited that this represents our second Recommended rating - serving to affirm the quality of the product. Gaining the approval of independent experts like Zenith will help us deliver on our mission to provide greater certainty to Australian retirees.”
Head of Alternatives & Global Fixed Income Research at Zenith Investment Partners, Rodney Sebire, noted the product’s innovative design in his report.
"Future Safe is an innovative product, designed with a high-level of flexibility in terms of tailoring investment exposures and managing potential return outcomes," he said.
The Zenith report also highlighted the combined skill set from this world-first Australian venture combining the scale and expertise of international insurance provider Allianz and global investment expert PIMCO. The report said:
“The partnership between the two firms creates a strong platform to build a sustainable set of retirement products. Further, the Allianz Retire+ business has been funded with patient and long-term capital, which extends over a multi-year horizon."
Future Safe is a seven-year investment product, with in-built flexibility, issued by a life insurance company. It provides a simple way for clients to access the returns of the share market with certainty across a range of outcomes. At the commencement of a policy, clients, in consultation with their financial adviser, select either one or a combination of fixed rate, market-linked investments and protection options to suit their needs.
Madden & Assoc.
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About Allianz Retire+
Allianz Retire+ delivers the next generation of retirement income solutions to the Australian market. Our financial product solutions are designed to simplify the complex financial and emotional challenges that can confront people who are heading into retirement.
Allianz Retire+ is a world-first Australian venture combining the scale and expertise of international insurance provider Allianz and global investment expert PIMCO.
Allianz Retire+ is a registered business name of Allianz Australia Life Insurance Limited ABN 27 076 033 782, AFSL 296559 (AA Life). The Future Safe product is issued by AA Life. The information in this release is not financial advice and does not take into account your individual objectives, financial situation or needs. Before making any investment decisions, you should speak to your adviser and consider your own circumstances. Prior to making an investment decision, investors should consider the relevant Product Disclosure Statement and Policy Document which are available on our website (www.allianzretireplus.com.au).
PIMCO Australia Pty Ltd, ABN 54 084 280 508, AFSL 246862 is not the issuer or promoter of the Future Safe product and therefore does not warrant the performance of the product. PIMCO Australia Pty Ltd provides investment management and other support services to AA Life.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (Recommended 16 May 2019) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines.