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Showing 161 - 170 of 366 results for "Annuity"

Challenger sees record sales boost in 2016

ALEX BURKE  |  TUESDAY, 16 AUG 2016
Challenger has boosted its annuity sales by 22% to $3.4 billion in 2016. The group attributed this increase to the moves in the super industry to include Challenger annuities on investment platforms. Chief executive Brian Benari said this allowed Challenger ...

Aligned advisers return to UK

MARK SMITH  |  WEDNESDAY, 3 AUG 2016
... George Osborne in the June 2015 Budget. The new measures meant that from April 6, instead of being required to buy an annuity with their pension pot, people aged 55 and over had the flexibility to take their pots how they wish. This created an obvious ...

Challenger finalises partnerships with three super funds

ALEX BURKE  |  TUESDAY, 19 JUL 2016
Challenger is finalising partnerships with three industry super funds to launch annuity products on each. The first is $9 billion Local Government Super, whose 90,000 members will be able to access Challenger backed annuities through Link Group subsidiary ...

ASIC permanently bans ex-HSBC, ANZ planners

KERRIE SYDEE  |  MONDAY, 30 MAY 2016
... deceived a further two individual clients into investing and reinvesting $2,295,000 into what clients believed was a HSBC AP annuity investment. In permanently banning Kwok, ASIC found reason to believe that he was not of good fame or character. Former ...

Energy Super to offer Mercer LifetimePlus

MARK SMITH  |  MONDAY, 23 MAY 2016
... chief executive Robyn Petrou said LifetimePlus offered more affordable longevity risk protection compared to traditional annuity products by providing a higher income at older ages. "The development of this product with Mercer is the result of more than ...

Australia joining global retirement focus: Challenger

DARREN SNYDER  |  FRIDAY, 20 MAY 2016
... insurance. Retirees would purchase them, probably through a number of regular premiums while they are still working, with annuity income starting to pay from an agreed age in the future. Perhaps, average life expectancy. In this way, a key uncertainty ...

Government acts on income streams review

DARREN SNYDER  |  WEDNESDAY, 4 MAY 2016
... significant economic shocks and based on further advice from the Australian Government Actuary," the review said. As for annuity-style retirement income stream products the review recommends: "An additional set of income stream rules should be developed ...

Challenger annuities march on

MARK SMITH  |  FRIDAY, 22 APR 2016
Challenger's annuity business has continued its charge with sales of $575 million in the quarter ending March 31. The figure represents a 29% on the same period last year and included strong growth in both term annuities (up 22%) and lifetime annuities ...

Australians pessimistic about retirement lifestyle

KERRIE SYDEE  |  MONDAY, 18 APR 2016
... retirement solutions available was low among pre-retirees, with only 31.9% stating they have a good understanding of what an annuity can offer and only 27.3% claimed they were likely to purchase one in retirement. Kristen Turnbull, head of WA at CoreData ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 30 MAR 2016
... (23% for both). More than half of respondents (53%) expected to derive personal retirement income from "superannuation/annuity/allocated pension". US consumer confidence A rebound on Wall Street and a more dovish Fed pushed the Conference Board's consumer ...