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Showing 481 - 490 of 676 results for "Lifetime"

Retirement innovation deadlock continues

JAMES FERNYHOUGH  |  MONDAY, 30 JUN 2014
... reliable data on consumer appetite for longevity risk products. Challenger's considerable uptick in demand - selling more lifetime annuities in the first half of the 2013-14 financial year than it did in the entire previous financial year - is not a ...

Super contribution caps "limited and inadequate": Deloitte

MARK SMITH  |  THURSDAY, 26 JUN 2014

FEATURE: Gear up for retirement

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... traditional account-based pensions are the most popular option because they give retirees control and flexibility over their lifetime savings. However, "allocated pensions don't protect retirees from longevity, inflation and investment risks." Our view ...

MetLife head of retirement products departs

JAMES FERNYHOUGH  |  THURSDAY, 19 JUN 2014
... money is lost if the holder dies before a certain age. However, the annuity market dominator Challenger has tweaked its lifetime annuity product to allow members more flexible withdrawal rights, and the product is selling. MetLife Max also included withdrawal ...

Bring on compulsory annuities, says Deloitte partner

JAMES FERNYHOUGH  |  WEDNESDAY, 28 MAY 2014
The government should introduce compulsory deferred lifetime annuities as a way of insuring against longevity risk, Deloitte's lead superannuation advisory partner Russell Mason has said. Speaking about the future of superannuation at Russell Investments' ...

Tens of thousands flock to Omaha

MARK SMITH  |  TUESDAY, 6 MAY 2014
... and analysts. Chief among investors' concerns was whether Buffett's $300bn conglomerate can endure beyond its founder's lifetime. The Sage of Omaha insists he has no intention to retire, but Berkshire is planning for the day when he's no longer at the ...

Industry asks for long-term, comprehensive approach to Age Pension

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
... Tom Garcia said. The AIST asked the government to ensure that retirees and older Australians who have missed out on a lifetime of super are not penalised by the proposed measures and that they will be eligible to receive adequate support from the Age ...

Challenger sees sustained interest in lifetime annuities

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
Challenger has continued to grow its lifetime annuities business, with sales more than doubling in the first quarter of 2014 compared to the prior corresponding period (PCP). Overall, Challenger Life's annuity sales - including lifetime and fixed annuities ...

Could government issue its own annuities?

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
... and Challenger - focused on the need to remove regulatory impediments to the development of products such as deferred lifetime annuities. ASFA chief executive Pauline Vamos, for example, said: "Creating a more favourable environment, and removing the ...

Professor proposes cheap longevity insurance design

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
A Canadian finance professor has come up with a way of making lifetime annuities affordable by designing them so they only pay out if the market does badly. According to Moshe A. Milevsky of York University, Toronto, while lifetime and deferred lifetime ...