Iress today announced its retirement income solution is now live and available to financial advisers on Xplan. The advice-led technology solution was designed in partnership with Challenger to improve accessibility to retirement income products and support advisers in delivering better outcomes for clients approaching, and in, retirement.
With the solution now live, advisers can seamlessly model, compare and implement retirement income strategies within Xplan, integrating account-based pensions with guaranteed and market linked lifetime income products as part of a single, end-to-end advice workflow.
Iress’ Acting CEO – Wealth APAC, Sam Wall, said, “The launch of our retirement income solution on Xplan is a step forward in helping advisers deliver more effective and scalable retirement advice.
“Feedback from our adviser pilot has been exceptionally strong, particularly around the clarity and impact of the modelling. Advisers highlighted how effectively it articulates a client’s income trajectory over time, which materially strengthens the quality of client conversations. Just as importantly, the integration across Xplan significantly improves efficiency, reducing manual inputs, ensuring data consistency, and enabling advisers to deliver high-quality retirement advice at scale.
“By partnering with leading retirement providers like Challenger, we are helping advisers embed guaranteed and market linked lifetime income options as a core component of retirement strategies and support a more consistent, whole-of-industry approach.”
Challenger Chief Executive, Customer, Mandy Mannix, said, “We know retirees want guaranteed regular income, it gives them peace of mind and confidence to enjoy retirement.
“Solutions like this make it easier for advisers to include guaranteed income in retirement strategies, supporting more consistent and confident outcomes for their clients.”
The solution builds on Iress’ Xplan platform to deliver a fully integrated advice journey, including fact finding, strategy modelling, product comparison, advice generation and ongoing review, helping advisers address the growing demand for retirement advice as Australia’s population ages.
With more providers expected to join over time, Iress’ retirement income solution is designed to create a more connected market for lifetime income products, supporting adviser efficiency and strong client outcomes.
For more information on Iress’ retirement income solution, visit: www.iress.com/retirement