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Showing 311 - 320 of 366 results for "Annuity"

SEC charges New Jersey with fraud

RUTH LIEW  |  FRIDAY, 27 AUG 2010
... municipal bonds across 79 offerings, carried out between August 2001 and April 2007. As a result, the Teachers' Pension and Annuity Fund and the Public Employees' Retirement System were under the false impression that they were adequately funded. The ...

Challenger back in the black, annuity sales trebles

JOHN MCDULING  |  MONDAY, 23 AUG 2010
... million, improving from the loss of $47 million recorded a year ago. The company highlighted the strong performance of its annuity business, which posted record sales over the year. Retail and institutional annuity product sales increased more than three-fold ...

Govt is longevity insurer of last resort

RUTH LIEW  |  FRIDAY, 13 AUG 2010
... on the agenda from a policy standpoint. However, he believes it's not solely the Government's responsibility to provide annuity solutions to Australians. "The Government, in reality, is the longevity insurer of last resort. "[Retirement security] touches ...

Challenger wins $650m mandate

RUTH LIEW  |  THURSDAY, 24 JUN 2010
... year, he said. "[It's about] certainty in a time of volatility - we've got a strong track record with the rest of our annuity business... managing a $5.6 billion balance sheet on behalf of 60,000 retail clients. "[The GIR] is an entirely new product ...

Challenger injects more liquidity into annuities

RUTH LIEW  |  WEDNESDAY, 26 MAY 2010
Challenger responds to planner demand for liquidity in lifetime annuity strategies through a new product that guarantees investor access to capital for the first 15 years of their investment. A spokesman from Challenger confirmed that the new product ...

Budget underwhelms planning groups

MICHAEL HOBBS  |  WEDNESDAY, 12 MAY 2010
... held in any bank, building society or credit union from July 2011. The tax discount also applies to bonds, debentures and annuity products. For a person earning an average pre-tax interest rate of 6 per cent, the discount would apply up to a savings ...

Govt unveils more super reforms

RUTH LIEW  |  MONDAY, 3 MAY 2010
... be more self-sufficient for longer. "The Institute strongly believes Government should let the private market provide annuity products for younger retirees and focus their efforts on being the longevity insurer for Australia's older retirees aged 75 ...

Government annuities proposal draws industry fire

RUTH LIEW  |  FRIDAY, 9 APR 2010
... offer better alternatives. IFSA, which commissioned research from Towers Watson on the effects of compulsory government annuity products (hinted in the interim report of the Henry Review), warned the provision of these offerings "could cause real harm ...

Impaired life annuities post record sales

TOWERS WATSON RELEASE  |  MONDAY, 22 MAR 2010

AFA awards top insurers

MICHELLE BALTAZAR  |  THURSDAY, 25 FEB 2010
... Australia won the Income Protection Award; TOWER Australia won the Products and Premiums Award; and Challenger won the Annuity Provider of the Year Award. This year, AFA and Plan for Life introduced two new categories namely, the Innovation Awards - ...