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Showing 231 - 240 of 366 results for "Annuity"

Equip to launch pension version of MySuper

JAMES FERNYHOUGH  |  FRIDAY, 9 MAY 2014
... will not, in the first instance, be any longevity insurance products in the MyPension. "I would love to have a deferred annuity in there," Press told Financial Standard. "But at the moment deferred annuities don't work from a tax perspective and they ...

Macquarie profit up 49%

AAP  |  FRIDAY, 2 MAY 2014
... with 32% from Australia," he said. Profit from the group's market-facing business was up 68% to $450 million, while its annuity-style business lifted its profit 26% to $445 million. Macquarie expects further improvements from its businesses in 2014/15 ...

netwealth appoints head of investment and research

LAURA MILLAN  |  TUESDAY, 29 APR 2014
... was responsible for supporting the major national key accounts and manage the relationship with rating agencies across annuity and Fidante funds. He was previously at OC Funds Management in investment and product consulting. Prior to this he was director ...

Challenger sees sustained interest in lifetime annuities

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
... than doubling in the first quarter of 2014 compared to the prior corresponding period (PCP). Overall, Challenger Life's annuity sales - including lifetime and fixed annuities - were 29% higher than the PCP, at $496 million, the vast majority being sold ...

Could government issue its own annuities?

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
... that deal with longevity risk, CEPAR has become the first to suggest a role for government in actually developing its own annuity-style products. "The Inquiry should assess options for the government provision of longevity insurance products through ...

Professor proposes cheap longevity insurance design

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
... annuities (DLAs) solve the problem of longevity risk, they are "bloody expensive." His solution is the 'return contingent life annuity'. "The problem is not that people don't want to buy it because they look at the yield and they see it's too low; it's ...

US retirement assets reach US$23tr

ALEX DUNNIN  |  WEDNESDAY, 2 APR 2014
... accounted for US$5.6 trillion in assets, private-sector defined benefit (DB) plans accounted for $3.0 trillion in assets and annuity reserves outside of retirement accounts accounted for another $2.0 trillion. The employer DC market includes the US$4.2 ...

British govt to introduce pension choice

ALEX DUNNIN  |  FRIDAY, 21 MAR 2014
... choices." "The current system effectively forces the majority of individuals with defined contribution savings to buy an annuity. But times have changed, and a new solution is needed," notes the consultation entitled 'Freedom and choice in pensions' ...

CommInsure wins AFA/PFL Life Company of the Year

LAURA MILLAN  |  THURSDAY, 13 MAR 2014
... awards: Underwriting Team of the Year, Claims Team of the Year and Business Support Services/BDM Team of the Year. The three annuity and income stream were dominated by Challenger, which won Overall Annuity Provider of the Year, Long Term Income Stream ...

LGS to white label MetLife's latest offering

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
... retirement products, MetLife Max. The new offering, which offers accumulation, transition to retirement (TTR) and lifetime annuity products, was unveiled yesterday. LGS chief executive Peter Lambert said the agreement with MetLife was in response to ...