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Showing 251 - 260 of 366 results for "Annuity"

MetLife poised to enter DLA market

JAMES FERNYHOUGH  |  FRIDAY, 11 OCT 2013
Life insurer MetLife will launch a deferred lifetime annuity into the Australian market if the current legislative and other impediments are removed. Speaking in a panel discussion hosted by the Association of Superannuation Funds of Australia (ASFA) ...

Get longevity risk right on DLAs, warns APRA

JAMES FERNYHOUGH  |  THURSDAY, 10 OCT 2013
... financial risk to an insurer of unanticipated improvements in longevity is proportionally much greater for a deferred lifetime annuity compared with an immediate annuity." Laughlin said APRA would require risks to be "explicitly allowed for in the pricing ...

Government must lift annuities impediments: ASFA

JAMES FERNYHOUGH  |  WEDNESDAY, 9 OCT 2013
... Australian Prudential Regulation Authority (APRA) prudential standards applying to minimum surrender values of pension and annuity products "to reflect the special characteristics of such products." ASFA also recommended a means test be applied by Centrelink ...

Challenger appoints national key account manager

LAURA MILLAN  |  MONDAY, 26 AUG 2013
... responsible for supporting the major national key accounts and will manage the relationship with rating agencies across annuity and Fidante funds. He will share his responsibilities with Michael Kolikias. O'Connor was most recently at OC Funds Management ...

Annuity sales reinforce solid Challenger result

MARK SMITH  |  MONDAY, 19 AUG 2013
... to $309 million while statutory NPAT rose to $417 million from $149 million, an increase of 180%. Challenger's retail annuity book grew by 9%, or $598 million, following total annuity product sales of $3.1 billion, up 18% on last year. Of the $2.2 billion ...

Westpac launches annuity lookalike

JAMES FERNYHOUGH  |  WEDNESDAY, 17 JUL 2013
Westpac Institutional Bank has launched an "annuity-style" product in response to demand from financial advisers seeking options to help clients achieve retirement goals. The Westpac Annuity Deposit will require a minimum deposit of $50,000 and will ...

Blue Sky invests $20m in Oak Tree retirement villages

MARK SMITH  |  WEDNESDAY, 17 JUL 2013
... villages. Oak Tree's business model is underpinned by both development profits and a growing bank of tangible assets with an annuity style revenue stream." BSPE specialises in the provision of growth capital to small and medium size enterprises in return ...

Challenger stages lifetime annuities comeback

MARK SMITH  |  WEDNESDAY, 19 JUN 2013
... last year that Assets Test Exemption applied. Sales plummeted back to just $24 million in 2005. In 2012 sales of lifetime annuity products totaled just $75 million. Today just two life companies sell the products in Australia: Challenger and CommInsure. ...

Retirees could benefit from a vibrant annuities market

JAMES FERNYHOUGH  |  FRIDAY, 24 MAY 2013
... Professor Anthony Asher of the Actuaries Institute's Retirement Income Working Group stressed the need to develop a "vibrant annuity market", in line with much of the rest of the world. "It's very difficult for retirees to determine how much they can ...

Rubik to purchase Visor Desktop from Macquarie

STAFF WRITER  |  TUESDAY, 21 MAY 2013
... company, and COIN and Provisio are industry leaders in their respective markets. The acquisition brings to Rubik a strong annuity revenue base and recurrent earnings and provides Rubik with greater scale. "Our initial focus will be on delivering already ...