BT has added Challenger annuities to its BT Panorama platform in a move intended to “help more Australians plan for life after work”.
In a statement, BT announced the addition of Challenger annuities through the platform, which BT head of platforms product management Dina Kotsopoulos said will assist with retirement planning.
“Having access to a retirement income solution can be an important part of any advice conversation and, through an online and integrated, easy to use solution, BT Panorama now administers Challenger annuity products to help more Australians plan for life after work,” said Ms Kotsopoulos.
Ms Kotsopoulos said the addition of Challenger annuities was part of ongoing growth of the platform.
“To date, BT has been focused on ensuring we have a secure, contemporary digital offering for advisers and clients, with the recent pricing changes being just the start,” Ms Kotsopoulos said.
“Having achieved that, we are now very pleased to be directing our capability and investment to ensuring BT Panorama is the platform of choice to help advisers serve the interests of their clients.”
In addition to the annuities, BT announced it has introduced the standalone BT Cash Management Account Saver (CMA Saver).
“BT Panorama is further enhanced by the addition of the new CMA Saver, with an interest rate of 1.50 per cent, which allows clients to earn interest with no transaction or administration fees,” the business said.
“The CMA Saver includes access to term deposits, real-time data feeds, a secure document library and the ability to turn-on access for accountants to help investors better manage their SMSF investments and administration.”
BT announced an overhaul of the fee structure on Panorama in July 2018.
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