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Showing 31 - 40 of 57 results for "Annuity sales"

Challenger annuities march on

MARK SMITH | FRIDAY, 22 APR 2016

... growth for the quarter was $135 million, or 1.6%. Total life sales for the quarter were $864 million, comprising annuity sales of $575 million and other sales of $289 million. "The key stand out is the step up in lifetime annuity sales which accounted ...

Annuity sales growth drive up Challenger 1H16 profit

ALEX BURKE | TUESDAY, 16 FEB 2016

Continuing growth in annuity sales has driven Challenger's 1H16 after-tax profit up 18% on 1H15 to $182 million. Challenger chief executive Brian Benari argued that a significant factor in this was annuity sales driven by interest in Comprehensive Income ...

Challenger annuity sales grow 12 per cent

DARREN SNYDER | FRIDAY, 16 OCT 2015

Challenger Life has recorded a 12% increase in annuity sales during the first quarter of the 2016 financial year when compared to the same period last year. Annuity sales in the three months to 30 September 2015 totaled $884 million, with retail sales ...

Challenger retail annuity sales up 8%, profit down

LAURA MILLAN | TUESDAY, 17 FEB 2015

Challenger annuity sales were up 8% during the first half of the 2014-2015 financial year, but net profit after tax was down, the half year report showed. Annuity sales reached $2.1 billion, of which $1.6 billion were retail annuity sales, up 8% since ...

Challenger Care Annuity sales suspended

JAMES FERNYHOUGH | FRIDAY, 28 NOV 2014

Challenger has suspended sales of its Care Annuity product and will pursue legal avenues after the government announced it would reassess the social security treatment of investors in the annuity. The Department of Social Services (DSS) informed Challenger ...

CFS adds annuities to platforms

JAMES FERNYHOUGH | WEDNESDAY, 15 OCT 2014

... the same day Challenger released its quarterly funds under management numbers for the September quarter. Overall, annuity sales went up by 8% over the prior corresponding period to reach $788 million. This included both fixed term and lifetime annuities. ...

Challenger adds firepower to annuities business

MARK SMITH | MONDAY, 25 AUG 2014

... a bid to capitalise on booming sales and what the company sees as a vast and growing annuity opportunity. Total annuity sales of $3.38 billion in the last financial year helped Challenger grow its earnings by 6% for the 12 months to June 30. Record retail ...

Challenger to raise $530m to fund further annuities growth

MARK SMITH | WEDNESDAY, 20 AUG 2014

... Challenger Life's FY15 retail book growth target range to 12%-14% and cash earnings guidance to $535-$545 million. Total annuity sales of $3.38 billion and strong performance from its funds management division helped Challenger grow its earnings by 6% ...

Challenger sees sustained interest in lifetime annuities

JAMES FERNYHOUGH | WEDNESDAY, 16 APR 2014

... 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 - were 29% higher than the PCP, at $496 million, the vast majority being sold through ...

Challenger reports big boost in annuities sales

JAMES FERNYHOUGH | MONDAY, 21 OCT 2013

... annual rise of 31%. Chief executive Brian Benari said: "We are very pleased with the unseasonably strong retail annuity sales and remain committed to our 2014 guidance. "Sales from our new lifetime products, Liquid Lifetime and Care Annuity, have accelerated. ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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