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Showing 31 - 40 of 72 results for "Lifetime annuity"

Retirement income rules boost annuities: Challenger

ALEX BURKE | WEDNESDAY, 9 MAY 2018

... option, giving retirees confidence to spend their savings up to a pre-determined date, knowing their deferred lifetime annuity will provide a reliable income from then on." Optimum Pensions chief executive David Orford was similarly supportive of the ...

Budget paves way for retirement income framework

KARREN VERGARA | TUESDAY, 8 MAY 2018

... allocate 75% of her savings ($262,500) into an account-based pension, and place the remaining 25% into a deferred lifetime annuity. The combination of these products will provide Ying with higher income compared to drawing down the minimum amount and ...

CFS annuities hits $1bn milestone

KARREN VERGARA | TUESDAY, 31 OCT 2017

... solutions," Wall said. Peter Chun, who was recently appointed general manager of distribution, said the firm boosted lifetime annuity sales by more than 80% in the past year. "[CFS] is working closely with partners to expand its product range and is ...

Colonial First State names new distribution head

ALEX BURKE | FRIDAY, 13 OCT 2017

... Linda Elkins, who was appointed as executive general manager of CFS in 2012. Chun recently hailed CFS' boost in lifetime annuity sales by over 80% in the past year. He said "the firm is working closely with partners to expand its product range and is ...

Annuity sales soar as deferred products loom

JAMIE WILLIAMSON | THURSDAY, 24 AUG 2017

... financial advisers to develop income layering strategies for clients has helped drive Colonial First State's lifetime annuity sales up by more than 80% in the last 12 months. Now with $850 million in annuities under administration, sales of lifetime ...

Challenger launches advice tool as reforms loom

JAMIE WILLIAMSON | THURSDAY, 20 APR 2017

... and further online tools and resources. In addition to the new solution, Challenger recently introduced two new lifetime annuity options that balance income needs against access to capital. The first is a flexible income option providing higher regular ...

Milliman and Frontier explore new retirement product

DARREN SNYDER | TUESDAY, 1 NOV 2016

... Superannuation industry consultants Milliman and Frontier Advisors have considered an alternative to a deferred lifetime annuity that trades off risk management for more flexibility. The "rainy day fund" would set aside funds that are not drawn upon ...

CFS adds aged care annuity to FirstChoice

KERRIE SYDEE | MONDAY, 29 AUG 2016

... annuities on the platform in 2015. The CarePlus annuity is an aged care solution that combines the benefits of a lifetime annuity with life risk insurance. The annuity is designed to provide an income stream to help meet the costs of aged care facili ...

Challenger annuities march on

MARK SMITH | FRIDAY, 22 APR 2016

... 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 for 23% of sales in the quarter and benefitted from our move to embed annuities on platforms. This resulted ...

Aged care concerns top Challenger advice list

DARREN SNYDER | FRIDAY, 30 OCT 2015

... because the home is excluded among other advantages. Challenger's CarePlus aims to combine the benefits of a lifetime annuity and providing regular income for aged care costs with life risk insurance providing estate planning certainty. The firm's recent ...

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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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