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Showing 251 - 260 of 376 results for "Annuities"

Budget 2013-14 wrap up

ALEX DUNNIN  |  WEDNESDAY, 15 MAY 2013
... from financial institutions and promote regular tax payments to facilitate government cash flow. For example, deferred annuities will in future be treated, for tax purposes, in the same way as other superannuation retirement income streams, noted Deloitte ...

Budget gets nod of approval from industry bodies

JAMES FERNYHOUGH, MARK SMITH  |  WEDNESDAY, 15 MAY 2013
... particular, ASFA welcomed the increase in the contributions cap to $35,000 for over 60s and the change in the tax treatment of annuities. "These measures will help address issues of longevity and access to income streams - both very important factors ...

Planners race to plug gap in aged care advice

LAURA MILLAN  |  MONDAY, 6 MAY 2013
... capital protection, as an alternative to insurance bonds or term deposits. Challenger holds about 95% of all lifetime annuities of the market, according to Plan for Life data, and it saw its annuities product line increase sales by 55% to $1.98 billion ...

Challenger appoints Clarke as insto general manager

MARK SMITH  |  MONDAY, 22 APR 2013
... Paul Rogan, Clarke will be driving Challenger's domestic and international institutional growth strategy across the annuities business. He will also have responsibility for the Fidante Partners boutique funds management business. Clarke was most recently ...

Deferred annuity tax reforms safeguard retirees

MARK SMITH  |  THURSDAY, 18 APR 2013
... according to Towers Watson. The new rules, if enshrined by legislation, remove inconsistencies between the manner deferred annuities are treated by the Australian Tax Office, compared with other retirement income streams. Under the plans, DLAs will have ...

Challenger FUM grows 7% in March quarter

LAURA MILLAN  |  THURSDAY, 18 APR 2013
... million, in line with sales in the prior corresponding period. Retail annuity sales included $290 million of fixed term annuities and $64 million of Liquid Lifetime and Care Annuities, which comprised 18% of total retail sales, up from 4% in the March ...

Low balance members hit with fees under super changes

ALICE URIBE  |  MONDAY, 8 APR 2013
... that starting July 1, 2014, all new earnings on assets supporting income streams such as superannuation pensions and annuities above $100,000 per year will be taxed at the same concessional rate of 15% that applies to earnings in the accumulation phase. ...

Government announces key super reforms

LAURA MILLAN  |  FRIDAY, 5 APR 2013
... morning. Starting July 1, 2014, all new earnings on assets supporting income streams such as superannuation pensions and annuities above $100,000 per year will be taxed at the same concessional rate of 15% that applies to earnings in the accumulation ...

Superannuation to wield $6tr muscle by 2030

LAURA MILLAN  |  TUESDAY, 26 MAR 2013
... to manage longevity risk. "Sales of caravans will probably dive because there will be more pressure on people to take annuities and not lump-sums," Trafford-Walker said. "The pension system will be under pressure because the ratio of workers to retirees ...

Challenger gets Lonsec approval on annuities

LAURA MILLAN  |  MONDAY, 11 MAR 2013
... independent research house Lonsec. Lonsec awarded the rating to all managed investment schemes and term and lifetime annuities offered by Challenger, including the fastest selling annuity in the company's history, the Care Annuity, as well as the Liquid ...