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Showing 471 - 480 of 676 results for "Lifetime"

GSA an affordable alternative to DLAs: APRA

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
Group self-annuitisation (GSA) may provide a more affordable alternative to deferred lifetime annuities (DLA) when it comes to dealing with longevity risk, according to the Australian Prudential Regulation Authority (APRA). In its second submission ...

Challenger adds firepower to annuities business

MARK SMITH  |  MONDAY, 25 AUG 2014
... Challenger grow its earnings by 6% for the 12 months to June 30. Record retail annuity sales of $2.8 billion (up 28%) and lifetime annuity sales of $613 million (up 139%) brought total annuity funds within Challenger Life to $11.1 billion. "This year ...

Easy money to fill in the slack at the Hole

BENJAMIN ONG  |  MONDAY, 25 AUG 2014
... situation of high unemployment. For the unemployed themselves, it is often a tragedy which has lasting effects on their lifetime income. For those in work, it raises job insecurity and undermines social cohesion. For governments, it weighs on public ...

Challenger to raise $530m to fund further annuities growth

MARK SMITH  |  WEDNESDAY, 20 AUG 2014
... grew 7% to $329 million. Statutory profit was $341 million. Record retail annuity sales of $2.8 billion (up 28%) and lifetime annuity sales of $613 million (up 139%) brought total annuity funds within Challenger Life to $11.1 billion. The addition of ...

Australia at heart of new Asia-centric world order

MARK SMITH  |  THURSDAY, 7 AUG 2014
... Mahbubani said a transformation of Asia, which is seeing a 10,000% improvement in the standard of living in the space of one lifetime, is unprecedented in all of human history and will have huge ramifications for the balance of power in the global economy. ...

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
... with three areas: the regulation of superannuation income streams; specific impediments to the development of deferred lifetime annuities (DLAs); and proposed changes to the minimum drawdown rules. In the first section, the paper asks for feedback on ...

UK annuities policy dubbed 'political schizophrenia'

JAMES FERNYHOUGH  |  THURSDAY, 17 JUL 2014
... incentives to encourage the take-up of income streams; and amending laws to make it easier to offer products such as deferred lifetime annuities.

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... quo, but introducing legislation to allow for more retirement product innovation. It considered the benefits of deferred lifetime annuities, group self-annuitisation, and the possibility of the government issuing its own longevity insurance products. ...

ASFA calls for lifetime contribution caps

MARK SMITH  |  THURSDAY, 3 JUL 2014
The Association of Superannuation Funds of Australia (ASFA) has called for lifetime cap to non-concessional superannuation contributions for those with balances over $2.5 million. The recommendation is published in a report which analyses the impact ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
... inappropriate financial advice; they are retirees or close to retirement and lots of them have lost their homes or their lifetime savings." The inquiry was prompted by cases of bad advice within Commonwealth Financial Planning (CFPL) and Financial Wisdom ...