25 March 2024
Sydney, Australia (25 March 2024) Allianz Retire+ today announces the appointment of Brendon Rodda to Chief Distribution Officer, Wealth Management.
Mr Rodda further strengthens the wealth management capability and is responsible for leading the retirement specialist’s distribution strategy for the wealth management arm of the business. Within this capacity Mr Rodda will oversee the national sales efforts, technical services and platform and research relationships to deliver its flagship solution, Allianz Guaranteed Income for Life (AGILE) to the advice community as demand for retirement solutions increase.
Allianz Australia Life Insurance CEO, Adrian Stewart said, “We are thrilled to welcome Brendon to the Allianz Retire+ team. As an experienced leader within financial services, he offers a range of expertise across disciplines which will enhance our growth strategy.
Since the successful launch of Allianz Guaranteed Income for Life (AGILE) on HUB24 in November 2023, we have seen a significant increase in the number of advisers seeking scenario modelling for their clients’ portfolios. The AGILE solution helps deliver certainty to end clients and de-risks a client’s portfolio by guaranteeing income without giving up accessibility.
To the middle of February, AGILE is currently available to 4,678 financial advisers across 26 licensee approved product lists and is rapidly growing as financial advisers embrace the solution and recognise the important role it can play in a client’s overall portfolio. This activity is encouraging as we work to deliver greater access to advisers through our collaboration with HUB24.”
With over twenty years’ experience within financial services Mr Rodda has a deep understanding of the wealth industry. Prior to joining Allianz Retire+, Mr Rodda oversaw the global wealth management distribution strategy at PIMCO in his role as Executive Vice President. Throughout his nine years working at the investment manager, he built and fostered broad relations across the industry, including dealer group heads, platform distribution partners and key market participants. Prior to that Mr Rodda also spent four years at Macquarie contributing to the strategic growth of the business, as Associate Director.
AGILE is a next generation retirement solution that delivers a guaranteed income for life, provides full advice platform integration opportunities and can be embedded within superannuation funds and account-based pensions. The solution also enables advisers to construct retirement strategies with certainty, years in advance of a client’s retirement.
Allianz is a global leader in the provision of retirement solutions. With over 30 years’ experience in the US retirement space, it is also a market-leader in Germany and across Europe delivering customer-centric retirement solutions.
-ENDS-
Media contact:
Allianz Retire+
Jason Hunt
P: 0401 160 239
E: jason.g.hunt@allianzretireplus.com.au
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.
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 (www.allianzretireplus.com.au). PIMCO provides investment management and other support services to Allianz Retire+ but is not responsible for the performance of any Allianz Retire+ product, or any other product or service promoted or supplied by Allianz. Use of the POWERED BY PIMCO trademark, or any other use of the PIMCO name, is not a recommendation of any particular security, strategy or investment product.
HUB24 Custodial Services Ltd is the operator of HUB24 Invest (an investor directed portfolio service), promoter and service provider of HUB24 Super which is a regulated superannuation fund. The trustee and issuer of interests in HUB24 Super is HTFS Nominees Pty Limited ABN 78 000 880 553, AFSL 232 500, RSE Licence No. L0003216. No entity within the HUB24 group nor HTFS Nominees guarantees any payments under AGILE, and they are not responsible for the performance of any Allianz Retire+ product, or any other product or service promoted or supplied by Allianz. © HUB24.