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Showing 331 - 340 of 366 results for "Annuity"

AXA Asia Pac growth mixed

COMPANY RELEASE  |  MONDAY, 2 FEB 2009
... percent," said Penn. It will also write off around $150 million for the year including $30 million on the sale of its annuity business to Challenger, $20 million provision for the acquisition of Genesys and a $10 million charge for the business restructure ...

AMP hit by lower discretionary contributions

MICHELLE BALTAZAR  |  TUESDAY, 21 OCT 2008
... level of outflows due to many members taking up transitions to retirement strategies, diverting their funds to pension and annuity products. Meanwhile, AMP Financial Planning saw net cashflows fall to $76 million, a much lower sum compared to $217 million ...

Austock curbs expansion plans

MICHELLE BALTAZAR  |  FRIDAY, 29 AUG 2008
... Austock bucked the trend when it posted a 22 per cent increase in revenue to $71.7 million (excluding benefit funds) and annuity revenues jumping from $6.7 million to $10.6 million (excluding benefit funds). Total funds under management (FUM) also increased ...

Challenger FM down, CEO says goodbye

RUTH LIEW  |  MONDAY, 25 AUG 2008
... Genesys Wealth Advisers and proprietary platform Synergy to AXA for $150 million. The group also assumed AXA's $1.3 billion annuity portfolio for $50 million, which at year-end, brought Challenger's assets under management and administration to $70 billion ...

Changing of the guard: TOWER

RUTH LIEW  |  FRIDAY, 8 AUG 2008
... insurer's fund expansion initiatives and strategic investments. Dai-ichi Life provides individual and group life insurance and annuity products and is one of the largest private life insurers in Japan with over eight million policy holders, $33.9 billion ...

Pentafin joins personal super crowd

RUTH LIEW  |  FRIDAY, 13 JUN 2008
... retirees to access their assets and select an investment profile that suits their needs - a different avenue from traditional annuity products. "We're looking at ensuring that as part of our portfolio, people are covered for the risk of financial constraints ...

AXA buys Challenger's Genesys

RUTH LIEW  |  WEDNESDAY, 4 JUN 2008
... Securities Exchange statement released today, Challenger confirmed that AXA would transfer its $1.3 billion Australian annuity portfolio to the Packer-backed group. "The transfer of this $1.3 billion annuity portfolio reaffirms our position as a committed ...

Plan for Life and AFA award life industry Who's Who

Annuity and insurance heavyweights took centre stage at the Plan For Life / AFA Life Company of the Year 2007 Awards held in Sydney yesterday. CommInsure won the two top accolades, 2007 Life Insurance Company of the Year Award and the 2007 Annuity Provider ...

China's pension to dwarf Australia

MICHAEL HOBBS AND CHRIS NICHOLLS  |  MONDAY, 26 NOV 2007
... receiving any retirement savings. What they've moved over to, [and] are moving to it over time & is the so-called enterprise annuity structure," Promnitz said. "If you look at the enterprise annuity system, it is privatised in the same sense that the ...

AMP reports bullish quarter

CHRIS NICHOLLS  |  MONDAY, 29 OCT 2007
... were amplified by asset test changes that came into effect towards the end of the quarter, driving inflows into complying annuity products. Allocated pensions and annuity inflows rose $1.3 billion, a record for the sector. Over 40 per cent of outflows ...