Updates

** Shares of investment products provider Generation Development GDG.AX rise as much as 4.2% to A$4.18

** Stock on track for second straight session of gains, if current trend holds

** Co's recent contract win to provide retirement product solutions indicates another growth engine beyond managed accounts that is more "flow-driven" instead of sensitive to mandate wins - Jefferies

** GDG said on Wednesday unit Generation Life had entered into MoU with Aussie retail super fund Colonial First State (CFS) and BlackRock BLK.N

** Jefferies says the deal transitions GDG's products from adviser-direct channels into institutional platform environment

** Says GDG stands to benefit as Aussie retirement-phase assets are projected to hit A$1.75 trillion-A$2 trillion by 2035

** Says changes in Aussie retirement landscape creates structural bottleneck that will favour platform-embedded turnkey solutions of the kind GDG provides

** Stock down 29.5% so far this year