Optimum Pensions has proudly taken home two awards in the 2020 Plan For Life Excellence Awards.
For the second consecutive year, Optimum Pensions has been the winner of the Longevity Product (Investment Linked) Award for our innovative retirement income product, the Real Lifetime Pension.
An annuity that enables access to earnings and growth through unit-linked investments, while at the same time including a lifetime guarantee on the number of underlying units remaining in the account, ours is a retirement income product like no other on the market!
“The Longevity Cover Awards continue to highlight the different and innovative ways in which product providers are responding to both pre-retirement and retirement needs of consumers.”
~Rael Solomon, Regional Managing Director, Plan For Life
Our second award was in the Tools & Calculators Category for our newly launched ‘LifeSpan Calculator’.
Designed to help Australians with their retirement planning, the LifeSpan Calculator allows them to estimate their longevity by answering some simple lifestyle and health questions. Once a planning horizon is determined, adequate assessment of different retirement strategies and retirement products is possible.
The LifeSpan Calculator is available to superannuation funds, life insurers, financial planners, industry associations and any other organisations helping Australians plan for retirement, to determine client and member life expectancy and the expected duration of retirement income required.
If you would like more information about the LifeSpan Calculator contact Jim Hennington.
The online awards were accepted by David Orford, tirelessly passionate about helping Australians lead a comfortable retirement.
“We were impressed with the actuarial due diligence that Plan For Life applied to evaluate our product. Very detailed and exact questions and analysis – very impressive.”
~ David Orford, Managing Director, Optimum Pensions
We acknowledge the support of our business partner, Hannover Life Re Australia, the world’s largest reinsurer of post-retirement products.
We thank Plan For Life and ISS Market Intelligence for developing these awards as it helps highlight the importance of understanding and managing longevity risk.
About Plan For Life Excellence Awards
The Plan For Life Excellence Awards celebrate achievements and recognise excellence in product design and innovation across life insurance, investment and retirement solutions.
The Awards are based on an independent, objective and transparent research process using actuarial disciplines. They provide industry participants with a benchmark to compare performance and provide consumers with an insight into best practice.
For more information: https://www.pflresearch.com/pfl-awards