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Showing 11 - 20 of 57 results for "Annuity sales"

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... fixed income credit spreads widening. Higher interest rates have also helped drive margin expansion and demand for annuity sales. Total Life sales were up 11% to $5.5 billion, driven by "exceptional" growth in retail annuity sales; up 89% to $2.1 billion. ...

Challenger appoints Duncan West as chair

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
... pandemic which continues to bring challenges for the economy, the community the business. "We achieved record life and annuity sales and remain disciplined on management of our expenses. Clearly, the macro-economic environment presents both challenges ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
... transaction fees. In addition, Challenger Life recorded a 10% increase in sales to $3.4 billion, including long-term annuity sales while domestic annuity sales were up 11%. Earnings before interest and tax was $193 million. The annuities business changed ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
... - which includes annuities as well as other life products - saw total sales rise 13% to $5.2 billion. But total annuity sales were down about 12% to just $3.1 billion. Domestic annuity sales were -$0.9 billion and Japan sales were up $0.5 billion. Other ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... - which includes annuities as well as other life products - saw total sales rise 13% to $5.2 billion. But total annuity sales were down about 12% to just $3.1 billion. Domestic annuity sales were -$0.9 billion and Japan sales were up $0.5 billion. Other ...

Challenger winds up boutique partnership

KANIKA SOOD  |  WEDNESDAY, 22 APR 2020
... portfolio managers of Latigo's investment vehicles. In the March quarter, Challenger's life sales were up 9% pcp (annuity sales fell 10% to $593 million but other life sales rose 71% to $356 million), life investment assets fell 4% and funds management ...

Challenger recruits Generation Life co-chiefs

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... declined to comment on the appointment. Challenger is the leading annuities provider in Australia, but domestic annuity sales were down 25% in the first half. In Australia, Lifetime annuity sales tumbled 52% while term annuity sales were down 16%, with ...

CommInsure eyes deferred lifetime annuities

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... ownership from CBA to AIA, is the second-largest player in annuity products after Challenger. Most of CommInsure's annuity sales are from its fixed term products, but it is now working on deferred lifetime annuities. "We have been looking at them for ...

UK insurer fined for annuity sales failings

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
UK-based insurer Prudential has been hit with a £24 million (AU$43.6 million) fine after failing to advise customers they may receive a better deal on annuities if they shopped around. The Financial Conduct Authority said Prudential failed to ensure ...

Fidante loses $3.9bn of super fund assets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
... Japan, he said. As for its life business, sales stood at $4.6 billion, down 18% on the year prior. Despite domestic annuity sales dipping by 4% year on year to $3.3 billion, this business remains resilient as sales by independent financial advisers jumped ...

Editor's Choice

Invesco launches new equity fund

ELIZA BAVIN  |   12:13PM
Invesco said the new fund will give Australian investors access to a systematic global equity strategy with a 20-year track record.

FCA pursues Neil Woodford again

KARREN VERGARA  |   12:05PM
The Financial Conduct Authority (FCA) is going after failed fund manager Neil Woodford again, this time for allegedly providing unauthorised investment advice via W4.0, his Dubai-based investment platform.

Former APRA deputy chair launches retirement solutions startup

KARREN VERGARA  |   12:03PM
A former APRA deputy chair has launched CipherIQ, a new venture that provides retirement solutions via account-based pensions in partnership with superannuation funds, financial advisers and retirees.

Global X launches space tech ETF

MATTHEW WAI  |   11:12AM
Global X has now launched the space tech ETF (ASX: MOON).

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