HUB24 to add lifetime retirement income product with TAL

HUB24 is developing a new lifetime retirement income solution in partnership with TAL, giving advisers another option to help clients manage longevity risk. Set to launch in the first half of 2026, the product will offer income for life by allowing retirees to shift from a lifetime super account to a lifetime income account, with potential advantages for Age Pension means testing.

HUB24 cites strong demand for longevity solutions: most Australians fear outliving their savings, and over half of HUB24 pension members withdraw only the minimum to make their money last. The company says the new product is designed to give advisers more tools to support clients’ retirement planning.

The initiative follows HUB24’s recent product expansions, including Discover for simpler client needs and Private Invest for high-net-worth investors.