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Showing 1 - 10 of 57 results for "Fixed Term"

Annuities too expensive for most retirees: Research

JAMIE WILLIAMSON  |  THURSDAY, 29 FEB 2024
... Plan for Life research, found the products are currently far too expensive to do so. The analysis found that a 25-year fixed term CPI-indexed annuity paying a retirement income stream equivalent to the Age Pension would cost more than $500,000. The same ...

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... providers to accept the standardised consent form for the deduction of personal advice fees whether it is one-off, fixed term or under an ongoing fee arrangement. In proposing to end FDSs, the FAAA pointed out that advisers do not need to produce them ...

Challenger posts record annuity sales

CASSANDRA BALDINI  |  TUESDAY, 17 OCT 2023
... the pcp. Meanwhile, domestic retail sales decreased 4% to $945 million, reflecting higher lifetime annuity sales and fixed term annuity sales of two years or more, offset by lower one-year fixed term annuity sales. Further, retail one-year fixed term ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... in retail annuity sales; up 89% to $2.1 billion. Retail sales also benefited from strong reinvestment rates; 68% of fixed term maturities were reinvested into a new product. Meanwhile, institutional sales fell 14% to $2.9 billion. Challenger's Funds ...

Challenger offers new fixed term annuity

CASSANDRA BALDINI  |  THURSDAY, 8 SEP 2022
... and savers, this offer could be attractive, particularly when compared to other defensive assets." Kingham added that fixed term annuities give investors the security of a guaranteed income that isn't impacted by market fluctuations. "Annuities are designed ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... 2016 and September 2018. ASIC alleges customers were misled about their interest rate, the minimum repayment after the fixed term expired and the minimum payment to made after the interest only period expired. A further 18 charges relate to ASIC allegations ...

Australia's first Filecoin fund launches

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 AUG 2021
... Innovations will pay the fund a total return of one Filecoin for each Filecoin borrowed from the fund over a five-year fixed term; that is for every Filecoin Holon Innovations borrows from the fund, it will pay the fund two Filecoins at maturity. Investors ...

Former Clime chief in new role

ANNABELLE DICKSON  |  THURSDAY, 11 MAR 2021
... appointed its chair Neil Schafer and non-executive director Brett Spork as interim co-chief executives for a five-month fixed term which will be terminated when Clime appoints a new chief executive. Bristow's new role comes as Clime Investment Management ...

Westpac to combine Advance super with BT Super

KANIKA SOOD  |  MONDAY, 15 FEB 2021
... Advance notified members of three funds recently: Advance Super Account, Advance Allocated Pension Account and Advance Fixed Term Pension account. Between mid-March and early April 2021, Westpac will replace the three Advance products with a BT Super ...

Centuria spends big ahead of fund launch

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
Centuria Capital Group has announced three new acquisitions for its unlisted fixed term Centuria Industrial Income Fund set to launch next week. The three industrial properties are worth a collective $62.5 million and provide a 9.1-year portfolio Weighted ...
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