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Showing 311 - 320 of 376 results for "Annuities"

Ireland looks to sovereign annuities

JOHN MCDULING  |  FRIDAY, 10 DEC 2010
As part of a broader effort to resolve its fiscal crisis, Ireland unveiled plans to develop a market for sovereign annuities earlier this week, which could be used by under-funded Irish pension funds to meet their defined benefit liabilities. After ...

Cooper starts new role at Challenger

JOHN MCDULING  |  MONDAY, 6 DEC 2010
... Retirement Incomes. He will be taking on a "policy and advocacy type role" that will compliment the company's growing annuities business. Cooper will report to Richard Howes, head of Challenger Life, the division that runs the annuities business. In ...

Shareholders vent fury over exec pay

JOHN MCDULING  |  FRIDAY, 19 NOV 2010
... pay packet went up by roughly 65 per cent to $6.6 million while Richard Howes, head of Challenger Life, in which the annuities business is housed, saw his pay rise by 62 per cent to $5.7 million. However, in the year to June 30th, the total shareholder ...

Challenger buoyed by annuities, boutiques

JOHN MCDULING  |  TUESDAY, 19 OCT 2010
The guaranteed income streams provided by annuities continue to prove popular with Australian retirees post GFC, with Challenger Financial Services posting another record quarter for its annuities' business. In figures released yesterday, Challenger ...

Challenger back in the black, annuity sales trebles

JOHN MCDULING  |  MONDAY, 23 AUG 2010
... Challenger Financial Services has staged a strong profit recovery during the year, buoyed by a record performance from its annuities business and a 22 per cent rise in gross assets under management to almost $24 billion. The group reported results this ...

Govt is longevity insurer of last resort

RUTH LIEW  |  FRIDAY, 13 AUG 2010
... been introducing new products and services following increasing adviser demand and identifying gaps in the market for annuities. Challenger for instance, launched a new product in May that guarantees investor access to capital for the first 15 years ...

Challenger wins $650m mandate

RUTH LIEW  |  THURSDAY, 24 JUN 2010
... clients. "[The GIR] is an entirely new product category, where we're extending our reputation and track record in retail annuities into the wholesale market," said Barton. Around $600 million in institutional mandates have been written since December ...

Challenger injects more liquidity into annuities

RUTH LIEW  |  WEDNESDAY, 26 MAY 2010
... market], and we have a different approach to managing longevity and that can be done through innovation to lifetime annuities," he said. Liquid Lifetime offers investors protection against inflation and longevity risks, while allowing investors to access ...

Challenger poised for boutique growth

ASX RELEASE  |  MONDAY, 19 APR 2010
... continued its upward trajectory, reaching $6.6 billion or up 12 per cent for the twelve months to March. Quarterly sales of annuities and associated products stood at $241 million (including an additional $43m of Guaranteed Index Return). Challenger's ...

Government annuities proposal draws industry fire

RUTH LIEW  |  FRIDAY, 9 APR 2010
Compulsory government annuities could widen the gap between the retirement payouts of low and high income workers, and some industry experts argue private sector annuities and longevity risk products offer better alternatives. IFSA, which commissioned ...