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

Search Results

Showing 211 - 220 of 366 results for "Annuity"

VicSuper to offer Challenger annuities

JAMES FERNYHOUGH  |  THURSDAY, 6 NOV 2014
VicSuper has joined forces with Challenger to offer two new annuity products for its retired members. The products, which the fund expects to launch in early 2015, will be backed by Challenger's guaranteed term and lifetime annuities, and are "designed ...

AMP to enter Chinese pension market

JAMES FERNYHOUGH  |  FRIDAY, 31 OCT 2014
... executive Craig Meller said: "This acquisition provides AMP with a strategic foothold in the rapidly growing enterprise annuity segment of China's pension market and also extends our relationship with China Life, a leading global financial services brand. ...

Macquarie announces $678m profit, appoints director

JAMES FERNYHOUGH  |  FRIDAY, 31 OCT 2014
... shareholders an interim 40%-franked dividend of $1.30 per share. Macquarie put particular emphasis on the performance of its annuity-style business, which saw a combined net profit contribution increase of 38% on the previous half year period. Overall ...

Mercer unveils longevity insurance product

JAMES FERNYHOUGH  |  THURSDAY, 30 OCT 2014
... called a 'world-first' and a 'retirement game changer'. Dubbed 'Mercer Lifetime Plus', the product behaves like a lifetime annuity, creating a 'pool of lives' and paying out an income until death. However, it does not have the same guarantees as a lifetime ...

CFS adds annuities to platforms

JAMES FERNYHOUGH  |  WEDNESDAY, 15 OCT 2014
... 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 available via ...

Misleading PDS costs NAB $10,200

LAURA MILLAN  |  WEDNESDAY, 1 OCT 2014
... from the Australian Securities and Investments Commission (ASIC). The regulator was concerned that the PDS for the NAB Annuity Term Deposit to retail investors misled consumers by stating that the interest rate was calculated on the entire principal ...

Westpac fined over misleading statements on annuity product

LAURA MILLAN  |  WEDNESDAY, 17 SEP 2014
Westpac has had to pay a $20,400 penalty for potentially misleading statements on its Westpac Annuity Deposit. The bank has paid the penalty after the Australian Securities and Investments Commission issued two infringement notices regarding the product ...

Throw out relative performance tables: Finsia

MARK SMITH  |  THURSDAY, 11 SEP 2014
... Money-weighted returns, maximum drawdown (in wealth terms), terminal wealth (i.e. account balance in dollar terms), projected annuity income (i.e. the income stream that could be purchased with terminal wealth over an agreed timeframe) and projected ...

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
... withdrawals, as they currently do. Challenger recommended three possible models for such a default retirement product: a lifetime annuity; a lifetime annuity and an account-based pension (ABP); or a temporary allowance (ABP) with a deferred lifetime ...

Annuities not right for default pensions: Rice Warner

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
... assets. This strategy, Rice said, is more appropriate for a default option because it does not lock members' money into an annuity without them knowing. "Guaranteed products are inflexible. You can't develop a default retirement product using an annuity ...