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Showing 201 - 210 of 376 results for "Annuities"

FSI report favours longevity pooling

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
... provide CIPRs." The report suggested a CIPR could be combination of account-based pensions and either deferred lifetime annuities or group self-annuitisation schemes of the type developed by Mercer. The report also recognised that there is currently ...

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... company said that the current regulatory requirement to have regular payments "creates a barrier for deferred lifetime annuities." The insurer said that using a portion of superannuation assets to buy a deferred lifetime annuity and leaving the remaining ...

VicSuper to offer Challenger annuities

JAMES FERNYHOUGH  |  THURSDAY, 6 NOV 2014
... products, which the fund expects to launch in early 2015, will be backed by Challenger's guaranteed term and lifetime annuities, and are "designed to help members protect against longevity risk and provide a safe and reliable income stream in retirement." ...

AMP to enter Chinese pension market

JAMES FERNYHOUGH  |  FRIDAY, 31 OCT 2014
... Life Pension Company's business in a market where we see significant growth potential." AMP said it expects enterprise annuities in China to overtake the equivalent size of the Australian employer sponsored superannuation sector in 2015. Growth in this ...

Singapore CPF tightens fee caps

ALEX DUNNIN  |  MONDAY, 20 OCT 2014
... members with more than S$20,000 are allowed to invest in a range of investment choices that include government binds, annuities, unit trusts, shares and selected ETFs. It was established with the CPF for members who wished to take greater investment ...

CFS adds annuities to platforms

JAMES FERNYHOUGH  |  WEDNESDAY, 15 OCT 2014
Challenger and CommInsure annuities will soon be available on Colonial First State's retail platforms FirstChoice and FirstWrap. The annuity products will be added to the two platforms in mid-2015. It will be the first time an annuity product is made ...

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
... Superannuation funds with MySuper products should be allowed to extend their default offering into retirement, and should include annuities in that offering, Challenger has told the Financial System Inquiry (FSI). In its second submission to the FSI ...

GSA an affordable alternative to DLAs: APRA

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
Group self-annuitisation (GSA) may provide a more affordable alternative to deferred lifetime annuities (DLA) when it comes to dealing with longevity risk, according to the Australian Prudential Regulation Authority (APRA). In its second submission ...

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
... account-based pensions, and supported products that deal with longevity risk. "Deferred retirement income products - annuities paid by a life office or pensions paid by superannuation funds - do have a role to play. While they are not a panacea for all ...

Annuities not right for default pensions: Rice Warner

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
Life annuities are not appropriate for default pension products as they lock members' money away, according to Rice Warner chief executive Michael Rice. Rice Warner has devised a default pension product based solely on an account-based pension model. ...