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Showing 11 - 20 of 72 results for "Lifetime annuity"

Challenger posts record annuity sales

CASSANDRA BALDINI  |  TUESDAY, 17 OCT 2023
... substantial growth in its book value. The investment manager said annuity sales jumped by 17% to $2.1 billion, and lifetime annuity sales increased by 365% to $837 million. It found demand for longer dated annuities improved, with 91% of new business ...

Aware Super, Challenger partner for DB solution

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
Challenger will provide Aware Super with a $619 million group lifetime annuity policy to de-risk some of its lifetime pension liabilities. Challenger was selected by the fund, saying it is well placed to meet the needs of Aware Super's defined benefit ...

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
... many retirees, the optimal retirement income strategy will comprise a tailored mix of Age Pension, ABP, and a lifetime annuity," it said. "Adjusting this mix can therefore be just as important as rebalancing allocations within the market-exposed elements ...

Retirees are silent casualties of inflation: Challenger

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
... protection, and a traditional defined benefit pension. Alternatively, the report recommended a guaranteed CPI-linked lifetime annuity that pays retirees an income stream for the rest of their life that adjusts in line with inflation changes. Moreover ...

Time to throw out the antiquated lifetime annuity mindset

ANDREW MCKEAN  |  FRIDAY, 23 SEP 2022
Lifetime annuities have often been set and forget products - very stable, very predictable and linked to one asset with total inflexibility - but that's completely changed, Generation Life chief executive Grant Hackett said. The perception of traditional ...

Optimum Pensions, Generation Life launch lifetime annuity

CASSANDRA BALDINI  |  WEDNESDAY, 3 AUG 2022
Optimum Pensions and Generation Life partnered to launch an investment-linked lifetime annuity. The LifeIncome products offers a lifetime annuity with 23 different investment options and has reversionary benefit and death benefits. A statement called ...

Generation Life launches retirement income product

CASSANDRA BALDINI  |  WEDNESDAY, 25 MAY 2022
... Generation Life LifeIncome, will be available exclusively through financial advisers and is an investment-linked lifetime annuity that pays an income for life. Amid the current cost-of-living crisis, Generation Life is looking to provide retirees more ...

Challenger adds market-linked annuity

ANNABELLE DICKSON  |  TUESDAY, 5 OCT 2021
... while accepting some downside risk," Challenger chief executive, life Angela Murphy said. "Our market-linked lifetime annuity will be offered to retirees as the government moves to legislate the Retirement Income Covenant. The Covenant will, over time ...

Generation Life awards tech mandate

KARREN VERGARA  |  WEDNESDAY, 5 MAY 2021
... Financial Risk Solutions (FRS) will provide an investment administration solution for its new investment-linked lifetime annuity and existing investment bond business. The software, InvestPro, provides unit pricing, cash allocation and rebalancing, tax ...

Why advisers don't recommend annuities

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
... adviser's frequent involvement, such as an account-based pension, rather than a 'set and forget' product, such as a lifetime annuity or other longevity risk management product."