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Showing 121 - 130 of 891 results for "Challenger."

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
Inflation is a looming threat to retirement incomes, so it's no surprise financial advisers are rotating toward more dynamic strategies. According to a report penned by Challenger and Ensombl, inflation is fast becoming the number one threat to ...

Allianz Retire+ strengthens distribution team

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
Allianz Retire+ bolstered its wealth management operations, with two state managers joining the distribution team in recent times. Stephen Armstrong joined this month in the newly created role of state manager for Western Australia (WA) and South Australia ...

Challenger real estate arm price tag drops

KARREN VERGARA  |  MONDAY, 29 MAY 2023
The sale price of Challenger's real estate funds management business to Elanor Investors Group has dropped to $37.7 million after an institutional client announced it will not be part of the transaction. The purchase price of Australian real estate ...

ClearView appoints chief executive

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
The financial services group has appointed Nadine Gooderick to the role, with current managing director Simon Swanson set to retire after a 12-year tenure. Swanson will step down at the end of June, at which time Gooderick, currently the firm's ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
In an ASX announcement, Challenger reported a significant uptick in retail annuity sales in quarter three. Challenger's total Life sales were $2 billion, reflecting strong retail and Japanese sales. However, institutional sales ($1 billion) fell ...

Challenger to sell $3.4bn real estate arm

CASSANDRA BALDINI  |  THURSDAY, 6 APR 2023
The investment manager will sell its Australian real estate business (CRE) to Elanor Investors Group for $42 million, with the two also establishing a partnership. Challenger's real estate funds management business has about $3.4 billion in assets across ...

Challenger launches $250m unsecured note offer

ANDREW MCKEAN  |  TUESDAY, 7 MAR 2023
Challenger Limited has launched a $250 million offer of Challenger Capital Notes 4, a new type of unsecured note, to boost capital. The offer, which includes both a New Money Offer and a Reinvestment Offer, will be used to fund a subscription for Additional ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
Challenger had an increase in net profit before tax despite a significant drop in statutory net profit after tax due to negative market movements. Challenger's 1H23 net profit before tax (NPBT) rose 5% to $250 million, with the higher earnings driven ...

Reporting season may prove dramatic: UBS

CASSANDRA BALDINI  |  TUESDAY, 14 FEB 2023
... the upside, and which show relative value or recent share price underperformance amongst financial services included Challenger -6.6%, Netwealth Group Limited -6.7%, and Medibank Private -15.9%. On the other hand, stocks, where analysts see consensus ...

Super disruptors throw in the towel

KARREN VERGARA  |  THURSDAY, 9 FEB 2023
The number of Millennial-targeted super funds continue to fall by the wayside, halving to just 14 nearly a decade after attempting to disrupt the superannuation sector. Touted as pioneers in the super industry, the likes of Future Super and Virgin Super ...