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Showing 91 - 100 of 3351 results for %22Super Life%22

Lack of income stream drags local retirement system: Report

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
... Knox said: "Australia is being held back from achieving an A grade status because there is no requirement that a portion of super savings be taken as an income stream." "From the Retirement Income Review to the Retirement Income Covenant, and the work ...

Fidelity finds key barriers in Australian estate planning

ANDREW MCKEAN  |  WEDNESDAY, 18 OCT 2023
... by uncertainty. This mindset often includes hoarding superannuation, a practice that contradicts the intended purpose of super as a resource to be spent during retirement, not hoarded. "At the heart of this mindset is a lack of confidence around how ...

KeyInvest, Mantis Funds launch investment bond offering

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
... KeyInvest chief investment officer Dion Silvy said. "The climbing net worth of Australian baby boomers, supported by large super balances and record house prices, is predicted to cause a great intergenerational transfer of wealth," Silvy said. "The low-cost ...

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
... division has a new structure, with underwriting, new business administration, and distribution capabilities now combined. The life insurer said the change will unite the key touchpoints in the retail-advised purchasing journey, offering advisers more ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
Life insurance profits in Australia have soared to $1.2 billion, doubling in the year to 30 June 2023, primarily due to gains in superannuation business, according to KPMG's annual market review. Risk products recorded a $400 million profit in FY23 ...

HUB24 launches investment options

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... of managed portfolios. Also from next month, HUB24 will reduce percentage-based tiered administration fees in its HUB24 Super and HUB24 Invest products. "Whilst a small number of clients may benefit from this adjustment, the change in administration ...

Challenger posts record annuity sales

CASSANDRA BALDINI  |  TUESDAY, 17 OCT 2023
... Further, institutional sales grew by 10% to $1.8 billion, primarily driven by its recent $619 million mandate with Aware Super. Challenger reaffirmed its FY24 normalised net profit before tax guidance range of between $555 million and $605 million. "Challenger ...

ISPT to offload retail, office properties

JAMIE WILLIAMSON  |  MONDAY, 16 OCT 2023
Following a strategic review, Industry Super Property Trust (ISPT) is selling five assets, including Melbourne's GPO and a Sydney office building. An assessment of ISPT's $17.7 billion Core Fund identified five assets that do not align "with ...

TAL makes leadership changes

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2023
Life insurer TAL has rejigged its executive lineup, seeing new leaders for the group life and retirement, individual life, and technology units. Chief claims officer Jenny Oliver is now the chief executive of group life and retirement. She is responsible ...

Vale Tony Bongiorno

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... alongside them through their challenges." Bongiorno specialised in refinancing strategies, tax structures, and self-managed super funds. He was a Certified Financial Planner (CFP), a member of the Institute of Public Accountants, and Certified Practising ...