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Showing 341 - 350 of 366 results for "Annuity"

MetLife and Challenger finalise deal

Following delays, MetLife Insurance has finally received court approval to transfer its annuity and pension business to Challenger, effective end of this month. "The sale of our investment business completes a major phase of our strategic re-positioning," ...

Westpac goes to water

WWW.THESHEET.COM  |  WEDNESDAY, 20 JUN 2007
... increased from $2 billion in 2002 to almost $8 billion today, making the Specialised Capital Group a significant generator of annuity income for the bank. Operating income generated by the group increased by 69 per cent over the 12 months to the end ...

New Jersey Govt spends teachers' future fund

CHRIS NICHOLLS  |  TUESDAY, 10 APR 2007
The New Jersey Teachers' Pension and Annuity Fund seemed in dire trouble last week as it was revealed funds destined for retirement funding had been diverted to cover more immediate expenditure, in a theme echoing some of the recent debate around Australia's ...

MetLife sells annuity business to Challenger

ALEX DUNNIN  |  WEDNESDAY, 28 FEB 2007
MetLife Insurance has entered into an agreement to transfer ownership its annuity and pension business to Challenger Life. The sale is part of MetLife's strategy to focus on its core strengths, particularly group insurance. "This transaction will free ...

Zurich appoints Denning Pryce to manage new income fund

HAMISH MADDEN  |  WEDNESDAY, 11 OCT 2006
... shares investment," Drennan said. Drennan added that for many investors the fund would be preferable over traditional annuity streams like corporate debt or mortgage backed securities. The fund aims to achieve 10 per cent income per annum. Drennan said ...

Asteron launches income product for 80s and over

KATE HAGE  |  THURSDAY, 31 AUG 2006
... Asteron Longevity Income Stream (ALIS) will use three Vanguard index fund options and give investors a guaranteed lifetime annuity from the age of around 85 to death. Asteron's head of technical services sales and marketing, Louise Biti, said in one ...

Wait and see with annuities: Navigator

HAMISH MADDEN  |  MONDAY, 3 JUL 2006
... doomsayers predicting that the end was nigh for annuities after the May Federal Budget, Navigator has urged those with an annuity product to adopt a wait and see approach. The proposed Budget changes include the abolition of the reasonable benefits limit ...

Allco adds two to team ahead of new products

KATE HAGE  |  TUESDAY, 6 JUN 2006
... creating and managing additional investment vehicles to support the asset finance activities and generate increasing regular annuity income," he said. A spokesperson for the group said the new products will include structured finance deals in local and ...

Challenger number one for annuities: Plan For Life

Challenger has taken out the top annuities provider award for 2005, presented by Plan For Life at their first annual annuity provider award ceremony, held last night. Challenger's general manager of wealth distribution, David Asplin, said the gold medal ...

AWM and Select form $22bn merger

... said that the deal makes good sense from a liquidity and cash flow point of view. "Select's business is virtually all annuity, and there's lots of stability in those earnings. With AWM's business largely in distribution, it also offers strong growth. ...