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Insurance

Competition for annuities likely to remain low

Competition in the annuities market will increase, but is likely to remain low over the short term as Challenger dominates about 95% of the market, a Credit Suisse report found.

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Read more: Credit SuisseChallengerAPRAFSIGSAInsuranceAustralian Prudential Regulation AuthorityCBACGFCommonwealth BankFinancial System InquiryIan LaughlinInvestmentOctober 2014