Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 366 results for "Annuity"

DBFO reforms package 'pretty disappointing': FAAA

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... is still the right one for them in retirement, and no support for their retirement needs beyond an allocated pension or annuity - "this is not advice, it is product sales." Abood concluded that the section of the draft legislation "we all had high hopes ...

TAL nabs AIA strategy lead

ELIZABETH FRY  |  THURSDAY, 20 MAR 2025
... Archer introduced private credit as a new asset class and designed liability-driven investments for the insurer's annuity and capital-guaranteed portfolios. This enhanced shareholder value and lowered capital requirements. Archer developed several ...

Fixing retirement system an election priority: Grattan

JAMIE WILLIAMSON  |  MONDAY, 17 MAR 2025
... guidance on how to use their super in retirement." In terms of major reforms, Grattan reinforced its view that a government annuity be introduced. Retirees should be encouraged to allocate 80% of any super balance above $250,000 to purchase an annuity ...

Annuities' capital settings due for change: APRA

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
... illiquidity premium in LPS 112 Capital Adequacy: Measurement of Capital. "This would lower life insurer capital requirements for annuity products, provided certain risk controls are in place," APRA said. At its July 2024 life insurance roundtable, participants ...

Challenger profits up, share price falls

ANDREW MCKEAN  |  TUESDAY, 18 FEB 2025
... later this year. Hamilton also noted that the Life business maintained its momentum, with record lifetime and Japanese annuity sales contributing to total Life sales of $4.6 billion. "Our focus on longer duration sales has lengthened the tenor of our ...

Grattan Institute renews calls for best-in-show super funds, partial annuitisation

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... their obligations under the Covenant." The second recommendation is for the government to offer all Australians a lifetime annuity via a pre-set amount, whereby retirees allocate 80% of their super balance above $250,000 to the annuity. This reform alone ...

Nuveen raises over $400m for real estate debt strategy

MATTHEW WAI  |  THURSDAY, 5 DEC 2024
... Australian commercial real estate debt strategy with investments of over $400 million from the Teachers Insurance and Annuity Association of America (TIAA) and Temasek. The strategy, leveraging Nuveen Real Estate's global debt platform, focuses on ...

Commonwealth Super reports strong investment performance

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
... he said. CSC became one of the first funds to launch a Retirement Income Strategy (RIS), which featured a new lifetime annuity option in partnership with Challenger to address the risk of some members outliving their savings, a series of trustee default ...

Macquarie reports $1.6bn net profit

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
... Banking and Financial Services (BFS) - which reflected the benefits of the organisation's diverse business mix. Macquarie's "annuity-style activities" - which are undertaken by Macquarie Asset Management (MAM), BFS, and select businesses in Commodities ...

GDG records highest quarterly FUM, inflows growth

MATTHEW WAI  |  MONDAY, 21 OCT 2024
... time we have surpassed $200 million in investment bond inflows in a quarter, and we also saw an increase in our lifetime annuity sales." Sales for its LifeIncome product are also up 28%, with the total LifeIncome FUM now at $42 million. This is also ...