It is expected to launch in the first half of 2026 and is designed to optimise a member's outcome if they transition from a lifetime super account to a lifetime income account when they retire, providing income for life.

It may also help maximise eligibility for means-tested age pension concessions, with greater benefits for those who adopt the solution earlier.

Andrew Alcock, HUB24 CEO, said the firm has an important role to play in delivering solutions that enable financial advisers to support their clients through all the stages of their life, including planning for a fulfilling and secure retirement.

“We’re delighted to be collaborating with TAL to deliver our Innovative Retirement Income Stream solution, providing more choice for advisers and their clients,” he said.

Jenny Oliver, TAL chief executive, group life and retirement, said lifetime income solutions can play a fundamental role in helping more Australians achieve confidence in their retirement.

The development of the new retirement solution builds on HUB24’s launch of Discover - a platform and managed portfolio solution designed for clients with lower balances or less complex needs - and Private Invest, which provides advised high-net worth clients with access to wholesale investment solutions and non-custody administration via the HUB24 platform.