Generation Life selected by Colonial First State to deliver next-generation retirement and wealth solutions

MELBOURNE, Australia, Wednesday 20 May: Generation Life has been selected by Colonial First State (CFS) to be part of the largest-ever expansion of CFS's retirement offerings, which will reshape how retirement solutions are delivered in Australia.

Through this alliance, Generation Life will make its investment-linked Innovative Retirement Investment Solution (IRIS) available on CFS FirstChoice, while also bringing its investment bonds to both CFS FirstChoice and CFS Edge. Together, these offerings will provide CFS members with a tax-efficient alternative option as Australia’s investment and retirement tax landscape continues to evolve, particularly in light of the recent Federal Budget and its renewed focus on tax reform and intergenerational wealth outcomes.

Felipe Araujo, CEO of Generation Life, said, "Generation Life is proud to be selected by CFS as a partner of choice to help co-develop next-generation wealth management and retirement solutions. Australia's retirement system is entering a new phase, where advice delivery is keeping pace with the increasingly dynamic needs of Australian retirees.

This alliance represents one of the first truly integrated retirement ecosystems of its kind in Australia, bringing together income, tax efficiency and intergenerational wealth planning in a more connected way to better support Australians through retirement and across generations."

As Generation Life’s first institutional alliance, this marks a significant milestone for the business. It also builds on the company’s strategic alliance with BlackRock, reinforcing a shared focus on supporting Australians at every stage of their wealth and retirement journey.

Generation Life and BlackRock together bring the combined strength of deep retirement expertise and global investment capabilities to support the development of retirement solutions for CFS members. CFS members will also benefit from BlackRock’s experience in delivering LifePath Paycheck in the US, an integrated target date strategy that enables eligible participants to purchase a guaranteed retirement income stream provided by third-party insurers selected by BlackRock.

The new whole-of-life offering will bring together a comprehensive range of retirement solutions in a single environment, making it easier for advisers to deliver whole of portfolio advice across wealth management, income and estate planning.

This alliance will provide CFS members with greater choice and flexibility in how they generate income and transfer wealth over time, with access to investment-linked annuities and flexible, tax-effective investment bond structures, alongside digital tools designed to support more confident decision-making across long-term and intergenerational planning.

Read the full joint announcement from Colonial First State here.

Disclaimer:

Generation Life Limited AFSL 225408 ABN 68 092 843 902 (Generation Life) is the sender of this communication and product issuer, provides general financial product advice and other services related to investment life insurance products and life risk insurance products. Any superannuation general financial product advice provided is by Generation Development Services Pty Limited ABN 14 093 660 523 (GDS) as Corporate Authorised Representative, No. 001317211 of Evidentia Financial Services Pty Ltd AFSL 546217 ABN 97 664 546 525 (Evidentia). The information provided is general in nature and does not consider the investment objectives, financial situation or needs of any person and is not intended to constitute personal financial advice. The product’s Product Disclosure Statement (PDS) and Target Market Determination (TMD) are available at www.genlife.com.au and should be considered in deciding whether to acquire, hold or dispose of the product. Superannuation products’ PDSs and TMDs are available via the websites of their product issuers. Generation Life’s products are considered as able to provide certainty and protection as its investment bonds are governed by legislation that has changed infrequently and they can be appropriately structured to bypass an estate and be protected in case of bankruptcy of the life insured, and its LifeIncome product provides a regular income for life. Investments carry risks. Generation Life, GDS and Evidentia exclude, to the maximum extent permitted by law, any liability (including negligence) that might arise from this information or any reliance on it. Generation Life, GDS and Evidentia do not make any guarantee or representation as to any particular level of investment returns and the currency, accuracy, completeness, availability or suitability of any information provided. Professional financial advice is recommended. Generation Life does not accept any responsibility or liability for superannuation general financial product advice provided by GDS.