Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 366 results for "Annuity"

Generation flags Ascalon closure

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
... Managers, just two years after acquiring it from Westpac. It also announced plans to launch an income fund and a lifetime annuity. Generation has announced it will cease its investment in Ascalon Capital Managers, which it acquired after Westpac offloaded ...

Life insurers recognised for innovation

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... Longevity Cover Excellence Award, together with the Longevity Product (Non-Investment Linked) Award for its Liquid Lifetime Annuity. The ASX-listed firm also won the Innovation Long Term Product Award (Liquid Lifetime RBA cash-linked option) and Client ...

Portfolio insurance provides strong protection: Research

ELIZA BAVIN  |  THURSDAY, 17 SEP 2020
... constant proportion, which are used on a defined contribution (DC) fund that targets a minimum level of inflation-protected annuity income at retirement. The research said that accumulated savings in a DC fund at retirement should aim to finance a desired ...

Lonsec to sell 37% stake to Generation

KANIKA SOOD  |  THURSDAY, 17 SEP 2020
... this $35 million, $20.1 million will go towards the Lonsec stake, up to $10 million will be spent on developing a new annuity product ($5 million regulatory capital and $5 million in development costs), and about $5 million will be kept for general working ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
Challenger has launched a new lifetime annuity with payments linked to the cash rate. The RBA Cash Linked option is the first lifetime annuity in Australia to be linked to the cash rate, according to the firm. Challenger also offers lifetime annuities ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... Challenger Life - which includes annuities as well as other life products - saw total sales rise 13% to $5.2 billion. But total annuity sales were down about 12% to just $3.1 billion. Domestic annuity sales were -$0.9 billion and Japan sales were up ...

Taper rates need revamp

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... retirement savings could benefit from a more equitable taper rate, longevity protection products (especially deferred lifetime annuity style products) and low-cost access to financial advice and information. This is according to Rice Warner chief executive ...

Challenger launches new retirement tool

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... has launched a new tool to help retirees and pre-retirees better understand the financial realities of retirement. The annuity provider has today launched Retire with Confidence, a tool designed to help retirees understand how long their superannuation ...

Australians hate complexity, not annuities: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 APR 2020
New research from Melbourne Business School Orford Initiative has found there is more demand for annuity products than the industry or government previously believed. However, that demand is being stifled by a lack of understanding among consumers on ...

Challenger winds up boutique partnership

KANIKA SOOD  |  WEDNESDAY, 22 APR 2020
... the portfolio managers of Latigo's investment vehicles. In the March quarter, Challenger's life sales were up 9% pcp (annuity sales fell 10% to $593 million but other life sales rose 71% to $356 million), life investment assets fell 4% and funds management ...