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Showing 361 - 370 of 376 results for "Annuities"

Rush on for Immediate Annuities: Aviva

... 100% asset test exemption is reduced by half, Aviva said yesterday. Aviva raised its ranking to third from ninth in the annuities market during May and enjoyed a 100% increase in sales. Aviva group director of products Rob Donaghy said the recent upswing ...

Macquarie Financial Services backs new growth pensions

... legislative amendments to the new market-linked complying pension. "The legislation also makes it clear that, for pensions or annuities purchased on or after 20 September this year, the maximum level of assets test exemption available will be 50% of ...

Retail managed funds grew by 3.2% in March Quarter: Assirt

... trusts accounting for 45% of retail managed funds and superannuation, that accounted for 41%. Allocated Pensions and Annuities are 13% of the market while Friendly Society bonds and Insurance bonds combined for the remaining 3%. Assirt said the increasing ...

Rising dollar, interest rates good for Challenger profit

AAP  |  MONDAY, 23 FEB 2004
... million on a statutory basis. The results were released on a modified accounting methodology. Pre-tax profit for the annuities division was $22 million under the modified methodology, which provided a more comparable basis with funds management and mortgage ...

ALP launches new superannuation plan, emphasising simplicity

... 20 funds if they have 20 employees. The ALP said that under their proposal they will provide a range of pensions and annuities which will help members choose a pension or annuity from their fund if they wish, providing a "seamless" transition. Again ...

New appointment at Tower

... wealth management products for the retail market, including the sale of the Tower Trust business and closing Tower's annuities portfolio to new business. The group was forced to raise $188 million in new equity earlier this year, following a disastrous ...

Far from ancient Mariner sails into port

... the appointment of a core management team to develop the organisation's presence in Australia's growing property and annuities markets. Former Challenger stalwart chief executive Bill Ireland established Mariner Financial in May this year, also assuming ...

Afternoon market wrap: All Ordinaries close higher, Tower shares rise

... Andrew Sekely said. Tower Ltd shares surged today, as the trans-Tasman financial services group shut its Australian annuities arm to new business and outsourced management of its ethical investment portfolio. Tower shares jumped to a high of $1.19 before ...

Midday market wrap: Hong Kong shares rise, while All Ords hold onto gains

... of 5,760 contracts. Tower Ltd shares surged today, as the trans-Tasman financial services group shut its Australian annuities arm to new business and outsourced management of its ethical investment portfolio. Tower shares jumped five cents or 4.42% to ...

Tower Australia closes annuities portfolio to new business

... decisions had been taken as part of a complete refocusing of the business, including a move away from the manufacturing of annuities. "Tower Australia's objective is to consistently deliver on our commitments by doing fewer things and doing them better ...