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Showing 241 - 250 of 376 results for "Annuities"

Challenger reports big boost in annuities sales

JAMES FERNYHOUGH  |  MONDAY, 21 OCT 2013
Challenger has reported a 31% boost in its life annuities sales over the last 12 months, suggesting a burgeoning demand for annuities in Australia's as-yet-underdeveloped annuities market. Challenger's life annuities sales for the September quarter ...

Zenith rates NSW Annuity Bonds 'recommended'

ALEX DUNNIN  |  MONDAY, 14 OCT 2013
... for smaller investors to access protection against inflation outside the more mainstream avenues of fixed term indexed annuities or an inflation linked bond fund". Zenith said investors should not be put off by the product issuer being a public sector. ...

MetLife poised to enter DLA market

JAMES FERNYHOUGH  |  FRIDAY, 11 OCT 2013
... because if you die before benefitting from the DLA, you get no death benefits. For this reason, he said deferred income annuities (DIAs) that provide more flexibility in when they commence, as well as some sort of death benefit, have proved more popular ...

Get longevity risk right on DLAs, warns APRA

JAMES FERNYHOUGH  |  THURSDAY, 10 OCT 2013
Insurers planning to offer deferred lifetime annuities (DLAs) will need to demonstrate that they have rigorously factored in longevity risk, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA). Speaking at ...

Government must lift annuities impediments: ASFA

JAMES FERNYHOUGH  |  WEDNESDAY, 9 OCT 2013
... called on the Government to reduce impediments to the provision of adequate retirement income stream products such as annuities. ASFA acting chief executive Ross Clare said now was an "opportune time to consider the positive adjustments that can be made ...

Annuity sales reinforce solid Challenger result

MARK SMITH  |  MONDAY, 19 AUG 2013
... under management (AUM) has risen 34% to $44.8 billion in the 12 months to 30 June 2013 following record flows into its annuities and funds management businesses. Earnings before interest and tax stood at $365 million, up 8% on the same period last year. ...

Macquarie expects 2014 profit rise after strong quarter

MARK SMITH  |  THURSDAY, 25 JUL 2013
... update ahead of the group's annual general meeting, managing director and chief executive Nicholas Moore said the group's annuities-style businesses and the Macquarie Funds Group had both performed strongly. Macquarie Funds Group saw its assets under ...

Challenger stages lifetime annuities comeback

MARK SMITH  |  WEDNESDAY, 19 JUN 2013
Lifetime annuities could be staging a dramatic comeback with Challenger targeting sales of $240 million in the 2013 financial year. According to figures from Plan For Life, the industry has not seen demand of that size since 2004, when the top six companies ...

Super is working but needs to evolve: ASFA

ALEX DUNNIN, JAMES FERNYHOUGH  |  TUESDAY, 4 JUN 2013
... decumulation will increase the policy debate around superannuation income streams, such as raise questions about why annuities are not preferred by fund members and what the industry can do to increase the understanding of the longevity challenge. It ...

Retirees could benefit from a vibrant annuities market

JAMES FERNYHOUGH  |  FRIDAY, 24 MAY 2013
... spend in retirement, so perhaps they shouldn't be trying to decide it; they should be given guidance on at least default annuities," Asher said. "The elderly have declining interest and declining skills in managing their money - that's regardless of ...