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| | | Leading superannuation expert and academic John Evans believes there are more ways to develop the annuities market than are currently being explored. The uncertainty attached to longevity, or people outliving their savings, and its impact on the wider ... |
| | | | ... per cent to $359 million, however, due to the unwinding of unrealised annuity mark to market losses on the Guaranteed Annuities portfolio. Colonial First State Global Asset Management (CFSGAM), 'S&P's Fund Manager of the Year', registered underlying ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
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