MLC, the largest brand of Insignia Financial, has partnered with TAL and Challenger to develop a Centre of Excellence for MLC Retirement Boost^TM, a new innovative retirement income solution.

The Centre of Excellence will have distribution specialists, digital advice member journeys and modelling tools including a new ‘Retirement Boost Optimiser’ tool to help clients visualise their total retirement income across super, retirement and the age pension. The partnership will see Challenger, as the largest retirement-focused distribution team in market, deliver the retirement expertise and distribution capability needed to bring MLC Retirement Boost to market scale.

MLC Retirement Boost will help provide greater certainty and confidence in retirement. It operates like a standard superannuation account but has the potential to allow Australians to boost income during retirement due to the concessional treatment of innovative lifetime income streams. MLC Retirement Boost will be available on MLC Expand platform for advisers to use with their superannuation clients from August 2025.

Read the full media release here.