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Showing 21 - 30 of 58 results for "Annuity sales"

Fidante loses $3.9bn of super fund assets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
... Japan, he said. As for its life business, sales stood at $4.6 billion, down 18% on the year prior. Despite domestic annuity sales dipping by 4% year on year to $3.3 billion, this business remains resilient as sales by independent financial advisers jumped ...

Challenger expands distribution reach

KARREN VERGARA  |  WEDNESDAY, 24 OCT 2018
... on HUB24. The move comes off the back of strong sales growth in annuities. In the three months to September 2018, annuity sales reached $1.17 billion, up 7% on the prior corresponding period. Overall, Challenger's life book reached $1.57 billion at the ...

Challenger increases annuity distribution

JAMIE WILLIAMSON  |  TUESDAY, 14 AUG 2018
... the 12 months to June 2018, Challenger saw a 12% increase in life sales to $5.6 billion, including $4 billion of annuity sales. Meanwhile, its investment arm received $5.3 billion in net flows for the year pushing its funds under management up 8%. Benari ...

CFS annuities hits $1bn milestone

KARREN VERGARA  |  TUESDAY, 31 OCT 2017
... Wall said. Peter Chun, who was recently appointed general manager of distribution, said the firm boosted lifetime annuity sales by more than 80% in the past year. "[CFS] is working closely with partners to expand its product range and is expecting to ...

Colonial First State names new distribution head

ALEX BURKE  |  FRIDAY, 13 OCT 2017
... Elkins, who was appointed as executive general manager of CFS in 2012. Chun recently hailed CFS' boost in lifetime annuity sales by over 80% in the past year. He said "the firm is working closely with partners to expand its product range and is expecting ...

AMP and Challenger ink annuities deal

ALEX BURKE  |  TUESDAY, 5 SEP 2017
... In the 12 months to June 30, Challenger's life business reported sales of $5 billion underpinned by a 20% jump in annuity sales to $4 billion on the prior corresponding period. Challenger's funds management business recorded net flows of $6.2 billion ...

Annuity sales soar as deferred products loom

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2017
... financial advisers to develop income layering strategies for clients has helped drive Colonial First State's lifetime annuity sales up by more than 80% in the last 12 months. Now with $850 million in annuities under administration, sales of lifetime ...

Annuity sales boost Challenger results

KARREN VERGARA  |  TUESDAY, 15 AUG 2017
... to partnerships outside of Australia. The life business reported sales of $5 billion underpinned by a 20% jump in annuity sales to $4 billion on the prior corresponding period. The remaining $1 billion came from the new Guaranteed Index Return (GIR) ...

Industry fund teams with Challenger on retirement

EMMA RAPAPORT  |  THURSDAY, 27 APR 2017
... insurance. The income can be paid monthly, quarterly, half yearly of annually. Off the back of announcing record annuity sales of $2.2 billion in its half-year results, Challenger has partnered with a number of investment managers to develop a retirement ...

Challenger hails major retirement partnership

ALEX BURKE  |  TUESDAY, 14 FEB 2017
Straight off the back of announcing record annuity sales of $2.2 billion in its half-year results, Challenger is partnering with an international investment manager to develop a global bond product for Australian retirees. The new partnership with Standard ...