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Showing 121 - 130 of 378 results for "Annuities"

US recommends asset manager stress tests be removed

DARREN SNYDER  |  FRIDAY, 27 OCT 2017
... world, representing 29% of the global market. Other recommendations included an increase in consumer choice by allowing annuities as investment options for employer-sponsored retirement plans; and promoting infrastructure investment by insurers through ...

Super lump sums increase poverty risks: Report

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
... retirees outlive their assets - a risk which increases with higher longevity, the report said. The OECD highlighted annuities, lifelong income that individuals receive, "is not very common in private schemes in Australia and few pension plans have mandatory ...

CommInsure adds new annuity strategy

JAMIE WILLIAMSON  |  TUESDAY, 17 OCT 2017
... women, and 85 years for men. But we estimate about one-third are likely to live well into their 90s," CommInsure head of annuities, George Lytas said. It is therefore more practical for investors to prepare for their maximum probable lifespan - the age ...

AMP and Challenger ink annuities deal

ALEX BURKE  |  TUESDAY, 5 SEP 2017
Challenger annuities will now be available through AMP's adviser portal, marking one of the more historic partnerships since Challenger swapped its financial planning business for AXA's annuities portfolio in 2008. Financial advisers will now be able ...

Annuity sales soar as deferred products loom

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2017
... drive Colonial First State's lifetime annuity sales up by more than 80% in the last 12 months. Now with $850 million in annuities under administration, sales of lifetime annuities increased by 83% last financial year and more money is expected to pour ...

Annuity sales boost Challenger results

KARREN VERGARA  |  TUESDAY, 15 AUG 2017
... benefited from the company expanding its distribution network and product offerings. Long-term sales, which include lifetime annuities and 20-year maturity from its Japanese business Mitsui Sumitomo Primary Life Insurance or MS Private, accounted for ...

Bravura inks deal with $4.7bn insurer

ALEX BURKE  |  THURSDAY, 13 JUL 2017
... the migration of 47.6 million client transactions across Scottish Friendly's range of products, including pensions, annuities, bonds and individual savings accounts (ISAs). Scottish Friendly chief executive Jim Galbraith said: "Having a first-class back ...

MetLife restructures US and UK operations

JAMIE WILLIAMSON  |  TUESDAY, 11 JUL 2017
... group policies and operations as well as its international businesses, while individual life insurance policies and annuities will be written by companies under the new Brighthouse banner, led by MetLife executive vice president Eric Steigerwalt. Companies ...

MyRetirement too product heavy: Morningstar

KARREN VERGARA  |  MONDAY, 26 JUN 2017
... allocated to lower risk-return investments due to the capital requirements placed on annuity providers. It also pointed out annuities tend to be more efficient; create additional income for retirees as long as they are alive. "Further, for retirees that ...

Goals-based strategies valuable for retirees: Research

KARREN VERGARA  |  FRIDAY, 2 JUN 2017
Goals-based investing strategies have a greater chance of generating excess replacement income than annuities, an international study shows. Most retirement investment solutions are failing to meet the needs of future retirees, according to a study ...