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Showing 211 - 220 of 380 results for "Annuities"

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. ...

Actuaries Institute to advise FSI on longevity

JAMES FERNYHOUGH  |  MONDAY, 25 AUG 2014
... from short term political debates." The submission also said that increased demand for retirement products such as life annuities will lead to an increase in demand for fixed income securities such as government and corporate bonds. On the question of ...

Challenger adds firepower to annuities business

MARK SMITH  |  MONDAY, 25 AUG 2014
... Challenger's $530 million capital raising program is likely to tighten the company's already firm grip on the lucrative annuities market. The figure will be raised from a combination of a $250 million institutional share placement and a $30 million retail ...

Challenger to raise $530m to fund further annuities growth

MARK SMITH  |  WEDNESDAY, 20 AUG 2014
Challenger is looking to raise a total of $530 million to inject further growth in its booming annuities business. The figure will be raised from a combination of a $250 million institutional share placement, a $30 million retail share placement and ...

Challenger pinches account managers from AMP

MARK SMITH  |  MONDAY, 11 AUG 2014
... management are $49.5 billion, up 21% for the 12 months to March 2014. Recently Challenger sold $478 million in retail annuities, up 35% on the prior corresponding period for the quarter ending March 2014.

Bowen supports lump sum status quo

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... Financial Services Council conference, the former treasurer said forcing consumers to take their super in the form of annuities was not the right approach. "My view is, annuities have an important role to play, but they have to stand up in the market. ...

Lump sum rules 'utterly unsustainable': Sherry

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... a pretty obvious arbitrage." He said, while there is a great deal of discussion about increasing the availability of annuities in Australia, people would be unlikely to buy them under the current rules. "There will be no demand unless the government ...