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Showing 151 - 160 of 199 results for "Longevity risk"

Annuities boost Challenger growth

LAURA MILLAN  |  THURSDAY, 28 FEB 2013
Challenger sales of its annuities products increased by 55 per cent to $1.98 billion compared to the same period the previous year, according to half-year results announced this morning. This includes growth of $1.06 billion in retail sales and $921 ...

MetLife launches retirement product

BEN COLLINS  |  FRIDAY, 18 JAN 2013
... Group Retirement Plan is a guaranteed income-for-life product which provides protection against market risk and longevity risk, and is guaranteed directly by MetLife insurance limited, MetLife Australia said. MetLife Australia said the product will pay ...

Superannuation needs change: Keating

BEN COLLINS  |  WEDNESDAY, 28 NOV 2012
... running such a fund, especially since the aged pension it finances is the currently the only real backstop against longevity risk, he said. Another option would be lifting superannuation contributions to 15%, with the additional 3% to go towards meeting ...

Low-volatility post-retirement solutions needed: Bell

MARK STORY  |  THURSDAY, 15 NOV 2012
... reverse mortgages, and myriad whole-of-life solutions to deliver greater wealth at retirement, and also combat longevity risk. While he championed the importance of life-time annuities as a great strategy during accumulation phase, he questioned whether ...

Don't ignore Lifecycle Funds: Mercer

BEN COLLINS  |  TUESDAY, 13 NOV 2012
... real, and some are myths, but the fact is they have a proven history around the world, he said. While things like longevity risk, which Lifecycle Funds in the United States have tried to solve with annuities, are real, things like administrative burdens ...

Relax legislation on deferred annuities: Challenger

BEN COLLINS  |  FRIDAY, 2 NOV 2012
... Benari, chief executive officer and managing director, Challenger. Annuities can play an important role in combating longevity risk, so providers need more scope from regulators to create deferred annuities products, he said. "When you are planning for ...

Lonsec and Milliman challenge current advice model for retirees

LINDA HAUSKEN  |  WEDNESDAY, 31 OCT 2012
... changing. "There is increasing recognition of the seriousness of Australia's retirement funding issue and general longevity risk," said Wade Matterson, practice leader at Milliman. "With a growing number of baby-boomers reaching retirement age, and the ...

New MLC product protects retirees from volatility

LINDA HAUSKEN  |  THURSDAY, 20 SEP 2012
... retirement. "Market downturns, particularly those immediately before or after retirement, can decimate savings while longevity risk, the risk we'll outlive our money, is becoming more pronounced." MLC estimates that on average Australians will live approximately ...

Longevity forcing industry to adapt to thrive

BEN COLLINS  |  TUESDAY, 1 MAY 2012
... CEO and co-author Melinda Howe. "What retirees need is a secure income. They need protection from market risk and longevity risk," said Howe. Howe and fellow actuary Barry Rafe argue in the paper that rapid movements in life expectancy present major ...

Post-retirement risk in Australia: IMCA

CLAIRE MCGREAL  |  TUESDAY, 6 DEC 2011
... uptake of annuities here. "The Australian context is one of the most interesting when it comes to questions of longevity risk. What happens when you get to the point where people want pay outs?" "For a country of 22 million people, annuity number sales ...