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Competition for annuities likely to remain lowBY LAURA MILLAN | FRIDAY, 27 MAR 2015 1:10PM
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.Read more: Credit Suisse, Challenger, APRA, FSI, GSA, Insurance, Australian Prudential Regulation Authority, CBA, CGF, Commonwealth Bank, Financial System Inquiry, Ian Laughlin, Investment, October 2014
The industry superannuation fund has completed its merger with WA Super initiated earlier this year and now has $135 billion in assets and one million members.
IOOF yesterday said it won't be pursuing an offer to buy its retail trustee Australian Executor Trustee business.
Despite the growing emphasis on sustainability and the mainstream nature of ESG considerations, investors are still struggling to find adequate data to inform their decisions.
The former head of advice for Shadforth has moved to Akambo Financial Group, a boutique dealer group with big growth plans.
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