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Showing 171 - 180 of 1130 results for "Challenger"

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
Inflation is eroding retirees' purchasing power, posing a significant risk to their financial stability. With CPI now at 7.8% as of the December quarter of 2022, inflation has become an increasingly pressing issue for retirees, who worry that their ...

Challenger launches $250m unsecured note offer

ANDREW MCKEAN  |  TUESDAY, 7 MAR 2023
Challenger Limited has launched a $250 million offer of Challenger Capital Notes 4, a new type of unsecured note, to boost capital. The offer, which includes both a New Money Offer and a Reinvestment Offer, will be used to fund a subscription for Additional ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
Challenger had an increase in net profit before tax despite a significant drop in statutory net profit after tax due to negative market movements. Challenger's 1H23 net profit before tax (NPBT) rose 5% to $250 million, with the higher earnings driven ...

Reporting season may prove dramatic: UBS

CASSANDRA BALDINI  |  TUESDAY, 14 FEB 2023
... the upside, and which show relative value or recent share price underperformance amongst financial services included Challenger -6.6%, Netwealth Group Limited -6.7%, and Medibank Private -15.9%. On the other hand, stocks, where analysts see consensus ...

Super disruptors throw in the towel

KARREN VERGARA  |  THURSDAY, 9 FEB 2023
... Super, Spaceship, Crescent Wealth, Human Super and Zuper. Rainmaker Information analysis shows that at their peak, 30 challenger brands tried to take on established industry and retail funds, hitting $3.8 billion in funds under management and capturing ...

Alphinity debuts two funds on the ASX

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 FEB 2023
... to uncover stocks that can deliver 'earnings surprises' to drive outperformance." Alphinity is supported by Challenger subsidiary Fidante. The listings are part of Fidante's strategy to further expand its range of products, Challenger chief ...

Retirees feel the brunt of inflation: Challenger

CHLOE WALKER  |  TUESDAY, 24 JAN 2023
... inflation continue for years rather than months, many retirees could be facing some difficult spending choices, says Challenger. A new report, entitled Innovations to manage inflation risks, highlights the need for financial advisers to consider the ...

Bennelong picks new global chief executive

CASSANDRA BALDINI  |  FRIDAY, 13 JAN 2023
... global head. Prior to that, he worked in senior positions at Mercer, AllianceBernstein, Deutsche Bank, and more recently Challenger Investment Solutions. "We are delighted to welcome John as our new chief executive," Bennelong chair Michael Dwyer said. ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... a RSE under the Superannuation Industry (Supervision) Act 1993. Australian Ethical Investment, BT Financial Group, Challenger, Clearview Wealth, Colonial First State Investments, Equity Trustees Superannuation, HUB24, Macquarie Investment Management ...

Apollo increases Challenger stake

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
Apollo Global Management has taken a further stake in Challenger, it now has 19.1% voting power in the ASX-listed investment manager. As previously reported by Financial Standard, last year, Will Vicars' Caledonia sold its 15% stake in Challenger to ...