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Showing 131 - 140 of 674 results for "Lifetime"

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... retail market jumped 53% to $3.6 billion in FY23, split across retail term annuity sales of $2.9 billion (up 53%) and lifetime sales of $700 million (up 49%). Some 74% of new business annuity sales were longer dated at two years, up from 50% in FY22. ...

Aware Super, Challenger partner for DB solution

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
Challenger will provide Aware Super with a $619 million group lifetime annuity policy to de-risk some of its lifetime pension liabilities. Challenger was selected by the fund, saying it is well placed to meet the needs of Aware Super's defined benefit ...

Rethinking retirement: Focus on spending, not saving

ANDREW MCKEAN  |  FRIDAY, 21 JUL 2023
... confidence and appropriate tools to convince retires to spend more without fear. "As we're already seeing with our lifetime solutions, these clients already had advice and they were still drawing down the minimum," Hillier said. "That's an incredible ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... all super funds currently offer intra-fund advice. Trustees without a licence to provide personal advice can include lifetime pensions in their own superannuation calculators and interactive retirement estimates. They do however have to take care not ...

Forrests boost Minderoo by $5bn

CHLOE WALKER  |  WEDNESDAY, 21 JUN 2023
Andrew and Nicola Forrest donated 220 million Fortescue Metals shares to their own philanthropic foundation, Minderoo. The bequest of nearly $5 billion - about one-fifth of their shareholding - takes the foundation's endowment to about $7.6 billion ...

AMP rolls out new North features

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... practice efficiency, AMP introduced a new Record of Advice (ROA) process to the platform, while also upgrading its MyNorth Lifetime Super Calculator. The new ROA template contains pre-formatted tables and charts detailing current and proposed investment ...

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
... risk. "For many retirees, the optimal retirement income strategy will comprise a tailored mix of Age Pension, ABP, and a lifetime annuity," it said. "Adjusting this mix can therefore be just as important as rebalancing allocations within the market-exposed ...

Generation Life rolls out product enhancements

ANDREW MCKEAN  |  WEDNESDAY, 7 JUN 2023
... "With this in mind, we're excited to introduce LifeIncome's new feature: LifeIncome Flex. As the most flexible lifetime-linked annuity in the Australian market, LifeIncome Flex gives financial advisers the ability to help Aussies increase their ...

No longer an accumulation game: ART

CHLOE WALKER  |  THURSDAY, 1 JUN 2023
... retirement products. Two years since the formation of ART, Spragg says the super fund often gets asked how it's going with its Lifetime pension product, originally launched under the QSuper brand. While ART is one of the country's largest superannuation ...

Hostplus surpasses $100bn in FUM

CHLOE WALKER  |  WEDNESDAY, 17 MAY 2023
... record over three, five, seven, 10, 15, and 20 years in our MySuper Balanced option, Hostplus is increasingly becoming the lifetime fund of choice for many Australians," Elia said. It is also the result of several mergers, including with Club Super ...