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| | | ... responsible for all aspects of life insurance firm Northwestern Mutual's investment products and services business including annuities, mutual funds, advisory products and the Northwestern Mutual Wealth Management Company. Schlifske also headed up Northwestern ... |
| | | | ... transfer of this $1.3 billion annuity portfolio reaffirms our position as a committed participant in the Australian annuities market," said Challenger chief executive Mike Tilley. This portfolio will be backed by approximately $1.25 billion of assets ... |
| | | | ... especially for investors facing age-based or work-test contribution restrictions. Monies exiting super via pensions and annuities are obvious areas, as are redundancies which have lost their super roll-over benefits," said Austock Life managing director ... |
| | | | ... wins in both periods, net cashflows fell to $119 million from $341 million. Meanwhile, AMP's retail super and pensions/annuities net cashflows were $263 million for the March 2008 quarter, down from $364 million in the previous corresponding quarter. ... |
| | | | ... since January. Prior to this position, Powers was chief executive of $358.2 billion asset management, insurance and annuities business, Old Mutual US, the US division of the London based firm. Powers has also held senior management positions at Mellon ... |
| | | | ... pensions and annuity inflows rose $1.3 billion, a record for the sector. Over 40 per cent of outflows in allocated pensions/annuities came from a closed product in runoff. However, mirroring the broader trend, corporate super inflows were flat at $647 ... |
| | | | ... 20 per cent property and 10 per cent equities. "This opportunity will confirm our market leadership of the Australian annuities market. Our customer base will nearly double following the transfer of approximately 24,000 new customers and we expect to ... |
| | | | ... is in superannuation they are not going to be troubled by money launderers. "But there are products such as immediate annuities and at call non-superannuation funds where you can put money in and take it out soon after. That is where the risk lies. "Compared ... |
| | | | ... over the next two decades. "That has shifted the demand from growth funds to more income producing products such as annuities and structured notes," said Phillips. As for the growth of managed accounts or wrap accounts, he explained that the way fund ... |
| | | | ... importantly we can't prejudice people." Tower's CEO, Graham Evans, said the major problems was in life insurance and deferred annuities products, "There is no similar product available today to move them over to," he said adding that the financial planning ... |
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