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Showing 131 - 140 of 366 results for "Annuity"

SMFSA voices support for AFCA

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
... complaints encompass a decision made by the trustee, and conduct or decisions made by an insurer relating to the sale of an annuity policy. Members of an SMSF however, may still lodge non-superannuation complaints with AFCA. "For example, an SMSF may ...

CFS annuities hits $1bn milestone

KARREN VERGARA  |  TUESDAY, 31 OCT 2017
... solutions," Wall said. Peter Chun, who was recently appointed general manager of distribution, said the firm boosted lifetime annuity sales by more than 80% in the past year. "[CFS] is working closely with partners to expand its product range and is ...

Super lump sums increase poverty risks: Report

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
... plans have mandatory survivor schemes in place." It recommended that at minimum, superannuation should be taken as an annuity to avoid people from falling into poverty once they run out of assets from the lump sum payment. Given that Australia's pace ...

CommInsure adds new annuity strategy

JAMIE WILLIAMSON  |  TUESDAY, 17 OCT 2017
... bucket is for lifetime income annuities to begin making payments early on in retirement. The second is reserved for future annuity purchases, if needed, and the third bucket is set aside for other, unforeseeable needs as they arise over time. The strategy ...

Colonial First State names new distribution head

ALEX BURKE  |  FRIDAY, 13 OCT 2017
... Linda Elkins, who was appointed as executive general manager of CFS in 2012. Chun recently hailed CFS' boost in lifetime annuity sales by over 80% in the past year. He said "the firm is working closely with partners to expand its product range and is ...

Managed Accounts Holdings acquires competitor

JAMIE WILLIAMSON  |  TUESDAY, 26 SEP 2017
... via capital raising. Positive dynamics in the non-conflicted advice market, the stockbroking market as it transitions to annuity revenue streams and the increasing appetite for the institutional market to outsource administration and technology were ...

AMP and Challenger ink annuities deal

ALEX BURKE  |  TUESDAY, 5 SEP 2017
... flows. In the 12 months to June 30, Challenger's life business reported sales of $5 billion underpinned by a 20% jump in annuity sales to $4 billion on the prior corresponding period. Challenger's funds management business recorded net flows of $6.2 ...

Annuity sales soar as deferred products loom

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2017
... financial advisers to develop income layering strategies for clients has helped 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 ...

Annuity sales boost Challenger results

KARREN VERGARA  |  TUESDAY, 15 AUG 2017
Challenger's life segment continued to deliver in the 12 months to June as a result of the annuity provider diversifying its product range and expanding in to partnerships outside of Australia. The life business reported sales of $5 billion underpinned ...

Warne flags executive reshuffle at Macquarie AGM

ALEX BURKE  |  THURSDAY, 27 JUL 2017
... $4.70, up from $4 (40% franked) in FY16. As usual, the bulk of this performance - around 70% - was driven by Macquarie's "annuity-style businesses": Macquarie Asset Management (33%), Corporate and Asset Finance (25%) and Banking and Financial Markets ...