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Showing 31 - 40 of 366 results for "Annuity"

Aussies unprepared to manage retirement income

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
... out with 120 financial advisers, found that knowing what approach to take for pension income - for instance, drawdown, annuity, or a blended strategy - was the second largest issue facing consumers at retirement. While most adults are financially literate ...

Generation Development Group profit jumps

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
... "surpassing all our key metrics," including record sales for both investment bonds and its investment-linked lifetime annuity, LifeIncome, totaling $674 million. "This resulted in our funds under management (FUM) growing to an all-time high of $3.3 billion ...

CSC launches series of retirement options

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... decisions about their transition to retirement and available income options. Some of these options include a lifetime annuity which is designed to address the risk of outliving retirement savings. The fund partnered with Challenger to offer these blended ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... driven by an ongoing strong performance in Challenger Life - its retirement income business that sells term and lifetime annuity products - and a "disciplined approach to cost management." Challenger's normalised net profit after tax (NPAT), which UBS ...

NZSF returns 17%, smashes benchmarks

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
... sale of its 19.8% stake in Victoria's toll road network ConnectEast Group with co-investors Teachers Insurance, and Annuity Association of America to the Future Fund and QIC. In early 2024, the fund upped its commitment to European renewable energy ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... (or particular former member or beneficiary) that was unfair or unreasonable; or an insurer making a decision under an annuity policy that is deemed unfair or unreasonable. AFCA's remit has now been expanded on the back of a Federal Court ruling ...

Nuveen chief executive exits amid leadership shakeup

ANDREW MCKEAN  |  FRIDAY, 14 JUN 2024
... chair the Nuveen executive leadership team and serve on the executive leadership committee of the Teachers Insurance and Annuity Association of America (TIAA) - which owns Nuveen. He joined the firm in 2008 as chief operating officer after serving as ...

Future Fund, QIC finalise new deal

ANDREW MCKEAN  |  FRIDAY, 7 JUN 2024
... deal for an interest in the EastLink toll road network sold by New Zealand Superannuation Fund and Teachers Insurance and Annuity Association of America, advised by its investment advisor Nuveen Infrastructure. The transaction involves a 19.8% interest ...

Financial services workers eye earlier retirement

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... Pension is still the main source of personal income at retirement for 43% of retirees, followed by superannuation, an annuity, or private pension at 27%. "Over the past decade the number of people who said they had no personal income has fallen from ...

Macquarie Group profits falls 32% to $3.52bn

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
... "Macquarie remains well-positioned to deliver superior performance in the medium term with its diverse business mix across annuity-style and markets-facing businesses; deep expertise across diverse sectors in major markets with structural growth tailwinds ...