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Showing 221 - 230 of 366 results for "Annuity"

Challenger adds firepower to annuities business

MARK SMITH  |  MONDAY, 25 AUG 2014
... injected into the life company in a bid to capitalise on booming sales and what the company sees as a vast and growing annuity opportunity. Total annuity sales of $3.38 billion in the last financial year helped Challenger grow its earnings by 6% for ...

Challenger to raise $530m to fund further annuities growth

MARK SMITH  |  WEDNESDAY, 20 AUG 2014
... Challenger Life's FY15 retail book growth target range to 12%-14% and cash earnings guidance to $535-$545 million. Total annuity sales of $3.38 billion and strong performance from its funds management division helped Challenger grow its earnings by 6% ...

Lump sum rules 'utterly unsustainable': Sherry

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... Pension Strategy at AIA Group, who shared the stage with Sherry, even with a change in rules, building a vibrant fixed annuity market would not be easy. "Everyone in the market wants fixed annuities, but it's not easy. But interest rates are low at the ...

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
... should be some good, simple defaults, but we're not in favour of a mandatory approach." Challenger, Australia's leading annuity provider, also welcomed the paper. A spokesperson for the company said: "As noted by the FSI, Australia lags other developed ...

Retirement innovation deadlock continues

JAMES FERNYHOUGH  |  MONDAY, 30 JUN 2014
... of lifting, despite industry consensus that such innovation is necessary. MetLife's recent decision to drop its hybrid annuity-style product, MetLife Max, after just a month on the market is the latest example of the challenges facing longevity risk ...

Zenith launches range of retirement portfolios

MARK SMITH  |  WEDNESDAY, 25 JUN 2014
... launched a new range of retirement investment portfolios which cater to a range of risk appetites and have options for an annuity-style income stream. The six portfolios are designed to maximise income and age pension entitlements, protect capital and ...

2014 MAX Award Winners and Finalists

MICHELLE BALTAZAR  |  MONDAY, 23 JUN 2014

MetLife head of retirement products departs

JAMES FERNYHOUGH  |  THURSDAY, 19 JUN 2014
... the product's discontinuation, other than it was dropped for "strategic reasons". The decision to close down the hybrid annuity product came just two months after its launch. A note on the website reads: "Please note that the MetLife Max product suite ...

Jeremy Cooper: Rethinking retirement

JAMES FERNYHOUGH  |  THURSDAY, 29 MAY 2014
... pension, you need something else to cover off on longevity and inflation. You need that stable income. And that's where the annuity comes into it. Retirement is a lot harder than accumulation. We're not advocating that we've got a silver bullet solution. ...

Bring on compulsory annuities, says Deloitte partner

JAMES FERNYHOUGH  |  WEDNESDAY, 28 MAY 2014
... small account balances, compulsory annuitisation seems to work. So a percentage of your assets is put into a deferred annuity - and I think there needs to be some sort of government guarantee behind that - that says, if you live to 85, then the deferred ...