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Showing 11 - 20 of 24 results for "DLA"

Government acts on income streams review

DARREN SNYDER  |  WEDNESDAY, 4 MAY 2016
Going some way to form the federal government's superannuation budget agenda last night was Treasury's release of the Retirement Income Streams Review. Based on the review's seven recommendations the government has decided to remove tax barriers to ...

Competition for annuities likely to remain low

LAURA MILLAN  |  FRIDAY, 27 MAR 2015
Competition in the annuities market will increase, but is likely to remain low over the short term as Challenger dominates about 95% of the market, a Credit Suisse report found. Credit Suisse said that Challenger's natural competitors, banks and life ...

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
Life insurer TAL has argued in favour of regulatory changes to income stream products in a detailed response to the Treasury's 'Review of retirement income stream regulation' discussion paper. TAL said that regulation "should be broadened to enable ...

GSA an affordable alternative to DLAs: APRA

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
Group self-annuitisation (GSA) may provide a more affordable alternative to deferred lifetime annuities (DLA) when it comes to dealing with longevity risk, according to the Australian Prudential Regulation Authority (APRA). In its second submission ...

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
The government has launched its much-anticipated review of Australia's underdeveloped retirement income industry with the release of a comprehensive discussion paper. The 21-page paper discusses measures to overhaul the entire regulatory regime of the ...

Professor proposes cheap longevity insurance design

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
A Canadian finance professor has come up with a way of making lifetime annuities affordable by designing them so they only pay out if the market does badly. According to Moshe A. Milevsky of York University, Toronto, while lifetime and deferred lifetime ...

More to Asia than just Chindia

ALEX DUNNIN  |  THURSDAY, 27 FEB 2014
... special emphasis on due diligence and assembling the right structures with the right local partners, David Ryan, partner at DLA Piper, said. Ludwigson added that investors should also understand that "networks in SEA, official and unofficial, are much ...

Challenger reports record annuities sales

JAMES FERNYHOUGH  |  TUESDAY, 18 FEB 2014
Challenger has reported "exceptionally strong" retail annuities sales in the half year up to December, rising by a record 38% to $1.46 billion. Overall Challenger's retail and institutional sales reached $1.75 billion. In the retail space, 19% of annuities ...

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH  |  WEDNESDAY, 5 FEB 2014
... carry out a broad review of the "regulatory arrangements for retirement income streams." He said this review would look at DLA's, which currently do not receive the same tax treatment as other retirement income stream products. However, as yet there ...

Government scraps Labor's annuities reforms

JAMES FERNYHOUGH  |  MONDAY, 16 DEC 2013
... derived from deferred lifetime annuities (DLAs). Under Labor's proposed legislation announced as part of the 2013-14 budget, DLA earnings would have received the same tax concessions that investment earnings on superannuation assets currently receive. ...