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Showing 21 - 30 of 87 results for "Lifetime annuities"

Annuity sales soar as deferred products loom

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2017
... up by more than 80% in the last 12 months. Now with $850 million in annuities under administration, sales of lifetime annuities increased by 83% last financial year and more money is expected to pour in as of next month when deferred lifetime annuities ...

Annuity sales boost Challenger results

KARREN VERGARA  |  TUESDAY, 15 AUG 2017
... benefited from the company expanding its distribution network and product offerings. Long-term sales, which include lifetime annuities and 20-year maturity from its Japanese business Mitsui Sumitomo Primary Life Insurance or MS Private, accounted for ...

Colonial First State platforms make deferred annuities more accessible

JAMIE WILLIAMSON  |  WEDNESDAY, 24 MAY 2017
Advisers will soon have access to Challenger's deferred lifetime annuities through Colonial First State platforms. Speaking at an adviser event in Sydney yesterday, CFS head of retail platforms Sam Wall announced that from 1 July 2017, Challenger products ...

Challenger launches advice tool as reforms loom

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2017
... world where growth assets and income streams are considered separately. Pairing account-based pensions with lifetime annuities can improve financial outcomes in retirement and reduce the risk of retirees outliving their savings," Howes said. The Retirement ...

Challenger hails major retirement partnership

ALEX BURKE  |  TUESDAY, 14 FEB 2017
... Finally, the group also announced a distribution agreement with BT Panorama, which will see term annuities, lifetime annuities and Challenger CarePlus available through BT's platform. This is expected to commence in the first quarter of 2018. "Challenger's ...

Milliman and Frontier explore new retirement product

DARREN SNYDER  |  TUESDAY, 1 NOV 2016
... when rates are more favourable. It could also be possible to develop more sophisticated strategies whereby lifetime annuities are purchased in frequent, but small amounts during deferral to spread any potential interest rate risk," the white paper said. ...

Super changes about sustainability: O'Dwyer

KELLY O'DWYER, ASSISTANT TREASURER AND MINISTER FOR SMALL BUSINESS  |  FRIDAY, 27 MAY 2016
... deferred life time annuities from 1 July 2017. This will enable retirees to buy products, such as deferred lifetime annuities that they can rely on for a particular level of income for the rest of their life. These will be of particular benefit for those ...

Australia joining global retirement focus: Challenger

DARREN SNYDER  |  FRIDAY, 20 MAY 2016
... reform that will allow for a broader range of retirement income products. "Among these products will be deferred lifetime annuities which are, effectively, insurance. Retirees would purchase them, probably through a number of regular premiums while they ...

Government acts on income streams review

DARREN SNYDER  |  WEDNESDAY, 4 MAY 2016
... be achieved by extending the tax exemption on earnings in the retirement phase to products such as deferred lifetime annuities (DLAs) and group self-annuitisation products. Assistant Treasurer Kelly O'Dwyer said these products "can provide more flexibility ...

Super objective paves way for taxation changes

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... income products by extending the tax exemption on earnings in the retirement phase to products such as deferred lifetime annuities and group self-annuitisation products. These products can provide more flexibility and choice for Australian retirees ...