Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 201 - 210 of 366 results for "Annuity"

AFA and PFL award Australia's top insurers

LAURA MILLAN  |  THURSDAY, 12 MAR 2015
... Sponsorship of Stroke Solidarity String. Investment Bond Results winner was CommInsure. Finalists were Austock and IOOF. Overall Annuity Provider of the Year was Challenger. Finalists were CommInsure and BT Financial Group. Long Term Income Stream winner ...

IGR proves current welfare level is unsustainable: FSC

LAURA MILLAN  |  FRIDAY, 6 MAR 2015
... annuities, which will come at no cost to revenue, and has bi-partisan political and wide industry support. "With Australia's annuity market representing 0.3% of GDP, compared with more than 15% in the United States according to the FSI report, we've ...

Macquarie Funds Group rebrands, increases FUM by $30 billion

ALEX BURKE  |  WEDNESDAY, 18 FEB 2015
... - since 1H15 and $2.1 billion in new institutional mandates across 14 strategies in six countries. Macquarie's other "annuity-style businesses" - Corporate and Asset Finance (CAF) and Banking and Financial Services (BFS) - also reported modest growth ...

Challenger retail annuity sales up 8%, profit down

LAURA MILLAN  |  TUESDAY, 17 FEB 2015
Challenger annuity sales were up 8% during the first half of the 2014-2015 financial year, but net profit after tax was down, the half year report showed. Annuity sales reached $2.1 billion, of which $1.6 billion were retail annuity sales, up 8% since ...

UK pension funds required to warn consumers

STAFF WRITER  |  WEDNESDAY, 28 JAN 2015
... this way was outlined in last year's UK national budget. Previously retirees we required to allocate their saving to an annuity, one usually sold by a life insurance company. To allay concerns that unaware consumers may be overwhelmed by complex product ...

Challenger negotiates Care Annuity compromise

JAMES FERNYHOUGH  |  THURSDAY, 18 DEC 2014
... Social Services (DSS) has backed down from its plan to change the way it assesses current holders of the Challenger Care Annuity. However, Challenger has agreed to redesign the product in line with the new 'user pays' aged care policies introduced on ...

Government explains Challenger annuity mix-up

JAMES FERNYHOUGH  |  TUESDAY, 2 DEC 2014
The Department of Social Services (DSS) has given its reasons for changing the way it assesses Challenger's Care Annuity, saying it had mistakenly been assessing it on the grounds that investors in the annuity could not get their capital back. However ...

Challenger Care Annuity sales suspended

JAMES FERNYHOUGH  |  FRIDAY, 28 NOV 2014
Challenger has suspended sales of its Care Annuity product and will pursue legal avenues after the government announced it would reassess the social security treatment of investors in the annuity. The Department of Social Services (DSS) informed Challenger ...

Next super revolution must tackle retirement: Vilgan

JAMES FERNYHOUGH  |  WEDNESDAY, 12 NOV 2014
... tremendously inefficient for a single person to try and manage their own longevity risk. It is totally unpredictable. "A 100% annuity from a life insurer is one option of course, but not the only one. A collective pool could include insurance as a component ...

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... deferred lifetime annuities." The insurer said that using a portion of superannuation assets to buy a deferred lifetime annuity and leaving the remaining assets invested in an account based pension should receive the same tax treatment as would apply ...