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Showing 121 - 130 of 707 results for "Lifetime"

Generation Development Group profit jumps

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
... company, "surpassing all our key metrics," including record sales for both investment bonds and its investment-linked lifetime annuity, LifeIncome, totaling $674 million. "This resulted in our funds under management (FUM) growing to an all-time high ...

CSC launches series of retirement options

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... informed decisions about their transition to retirement and available income options. Some of these options include a lifetime annuity which is designed to address the risk of outliving retirement savings. The fund partnered with Challenger to offer ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... result was driven by an ongoing strong performance in Challenger Life - its retirement income business that sells term and lifetime annuity products - and a "disciplined approach to cost management." Challenger's normalised net profit after tax (NPAT) ...

Most Australians proactively retire: Research

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... participants who have a guaranteed income stream in retirement. "When you know a portion of your savings is guaranteed to last a lifetime, it brings an unparalleled sense of security. In fact, 60% of our customers surveyed said they lived comfortably ...

Super for housing will cause rents to soar: SMC

ELIZA BAVIN  |  WEDNESDAY, 31 JUL 2024
New research from the Super Members Council (SMC) has revealed using superannuation for house deposits could, over time, increase rental prices. SMC said the Coalition's plan to use super for house deposits is projected to cause a 9% spike in the ...

Advisers encouraged to engage with clients' kids

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
... financial confidence, empowering them to fully enjoy their post-working years. This can be achieved through better access to lifetime income solutions and financial advice, improved financial literacy at all ages, and a simplified retirement system," ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... $200 million in total inflows in the June quarter alone, setting an all-time sales record for both investment bonds and lifetime annuities during the period. The investment solutions provider said the record year of sales also resulted in a 26% increase ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
... 'terminal illness' to allow eligible members to access lump sum payments sooner. In welcoming the bill, Pensions and Lifetime Savings Association director of policy and advocacy Nigel Peaple said: "We are pleased to see a pensions bill in the ...

Australia climbs global wealth ranks

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
Australia has moved up the ranks in the UBS Global Wealth Report, rising from third place to second in terms of median wealth per adult, sitting just below Luxembourg. In 2023 wealth growth across the world recovered from its 3% contraction the previous ...

Brighter Super launches Retire Easy Pension

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2024
... Easy Pension. They can also still access lump sum withdrawals if needed, however this will diminish the pension's lifetime. "The Retire Easy Pension aims to give you a balance between stability and savings growth over the medium to long term. It ...