Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 40 results for "deferred lifetime annuities"

Super objective paves way for taxation changes

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... income products by extending the tax exemption on earnings in the retirement phase to products such as deferred lifetime annuities and group self-annuitisation products. These products can provide more flexibility and choice for Australian retirees ...

Actuaries call for objectives across retirement system

DARREN SNYDER  |  FRIDAY, 8 APR 2016
... at 15%). Remove regulatory barriers on the development of retirement income stream products such as deferred lifetime annuities.

Annuities to become more competitive

DARREN SNYDER  |  WEDNESDAY, 15 JUL 2015
More competitors are expected to offer annuities should tax impediments around deferred lifetime annuities be removed in the impending financial services and tax reviews. CommInsure head of annuities, George Lytas, said the removal of that tax impediment ...

Competition for annuities likely to remain low

LAURA MILLAN  |  FRIDAY, 27 MAR 2015
... simply a matter of making the necessary changes to the law, and the market for very conventional [deferred lifetime annuities] DLAs will blossom. "Even if DLAs turn out to be quite attractive to the market, there is a myriad of issues for the life insurers ...

IGR proves current welfare level is unsustainable: FSC

LAURA MILLAN  |  FRIDAY, 6 MAR 2015
... Benari said that "we need to urgently level the taxation playing field to allow the introduction of deferred lifetime annuities, which will come at no cost to revenue, and has bi-partisan political and wide industry support. "With Australia's annuity ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... encourage the take-up of income streams; amending laws to make it easier to offer products such as deferred lifetime annuities; and the introduction of compulsory annuitisation. In July, a review of the laws around retirement income products was launched. ...

FSI report favours longevity pooling

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
... provide CIPRs." The report suggested a CIPR could be combination of account-based pensions and either deferred lifetime annuities or group self-annuitisation schemes of the type developed by Mercer. The report also recognised that there is currently ...

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... company said that the current regulatory requirement to have regular payments "creates a barrier for deferred lifetime annuities." The insurer said that using a portion of superannuation assets to buy a deferred lifetime annuity and leaving the remaining ...

CFS adds annuities to platforms

JAMES FERNYHOUGH  |  WEDNESDAY, 15 OCT 2014
... which it believes will further increase take-up of annuities. It also said there is potential to make deferred lifetime annuities available on platforms if the current impediments are lifted.

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 ...