Allianz Retire+ welcomes APRA's consultation on capital settings for longevity products
16 June 2025
Sydney, Australia (16 June 2025): Allianz Retire+ welcomes APRA’s decision to seek guidance and feedback from the industry around the adjustment of capital requirements that would allow the industry to offer more innovative retirement income solutions, delivering improved outcomes for pre-retirees and retirees.
Commenting on the announcement from APRA, Allianz Retire+ Chief Product & Marketing Officer, Simon Aboud said:
“The focus is now on ensuring that all Australians have access to flexible products that provide improved financial confidence and certainty of income in retirement – a phase of life that is now highly-individualised.
Australians’ views on retirement as a concept have evolved, and the financial framework requires reshaping to reflect these changes. This consultancy process is part of that.
Industry participants, including policymakers and regulators, are increasingly recognising the important role longevity products play in our aging society, and with it, the need to ensure the market framework optimally supports product development.
Allianz Retire+ welcomes the opportunity to continue engaging with APRA and looks forward to providing deeper insight and perspectives as the consultation progresses.”
Media contact:
Kate Hallman P: 0413 946 704 |
About Allianz Retire
Allianz Retire+ is an Australian life company dedicated to simplifying retirement planning. We provide reliable solutions offering guaranteed income, protection, flexibility and control, empowering retirees to achieve financial security and peace of mind.
As part of the global Allianz Group, we leverage our extensive expertise and resources to deliver products that meet the evolving needs of retirees, helping them enjoy retirement with confidence.
Disclaimer:
This material is issued by Allianz Australia Life Insurance Limited, ABN 27 076 033 782, AFSL 296559. Allianz Retire+ is a registered business name of Allianz Australia Life Insurance Limited. This material has been prepared by Allianz Retire+ for general information purposes only. It is not comprehensive or intended to give financial product advice. Any general advice provided in this material does not take into account your objectives, financial situation or needs. Before acting on anything contained in this material, you should speak to your financial adviser and consider the appropriateness of the information received, having regard to your objectives, financial situation or needs. No person should rely on the content of this material or act on the basis of anything stated herein. Allianz Retire+ and its related entities, agents or employees do not accept any liability for any loss arising whether directly or indirectly from any use of this material. Use of the word ‘guarantee’ in this material refers to an assurance that certain conditions or contractual promises will be fulfilled by Allianz Retire+ from the available assets of its Statutory Fund No 2, in relation to the product terms. This includes ‘guaranteed’ income payments in the Lifetime Income Phase which will be paid from the available assets of Statutory Fund No 2, noting that Allianz Retire+ may terminate the product in certain limited circumstances as outlined in the Product Disclosure Statement referred below. Allianz Australia Life Insurance Limited is the issuer of Allianz Guaranteed Income for Life (AGILE). Prior to making an investment decision, investors should consider the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) which are available on our website.
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Allianz Retire+ is the business name of Allianz Australia Life Insurance Limited. By using this website you agree to access this Financial Services Guide.
Allianz Retire+ is the business name of Allianz Australia Life Insurance Limited. By using this website you agree to access this Financial Services Guide.