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 driven by the vision that all Australians should be able to live their lives with certainty. That commitment is at the heart of everything we do, from our values-driven, inclusive culture to our innovative retirement solutions.
We are an Australian company dedicated to developing retirement products to meet the unique needs of Australian retirees. We’re proud to be a part of the Allianz family, a global financial services group founded in Germany in 1890. With more than 126 million customers, today we are one of the largest companies, insurers, and asset managers in the world. Allianz Retire+, specialists in retirement income.
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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.