Allianz Retire+ says its AGILE product has enjoyed “strong momentum” after changes were made to the annuity offering.

The adjustments include lower fees and earlier access to lifetime income.

A business update says uptake of Allianz Guaranteed Income for Life has increased more than 30% since January, with repeat usage from advisers.

Meanwhile, Allianz Retire+ says Kiru Anantharaj, previously an AMP retirement specialist, has joined as senior manager for retirement solutions.

“She brings deep relationships across the advice community and a proven ability to support advisers in delivering better retirement outcomes for their clients,” Allianz Retire+ said.

“As momentum continues to build in the retirement income category, strengthening our distribution capability is critical to ensuring more advisers and clients can access innovative solutions like AGILE.”