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Showing 31 - 40 of 40 results for "deferred lifetime annuities"

Government scraps Labor's annuities reforms

JAMES FERNYHOUGH  |  MONDAY, 16 DEC 2013
... government will not proceed with Labor's plan to grant tax concessions to retirement income derived from deferred lifetime annuities (DLAs). Under Labor's proposed legislation announced as part of the 2013-14 budget, DLA earnings would have received ...

Challenger acquires SMSF business

MARK SMITH  |  MONDAY, 16 DEC 2013
... review of the regulatory arrangements for retirement income streams. "Longevity insurance products like deferred lifetime annuities are likely to hold appeal for SMSFs if designed with their particular needs in mind," Benari continued. "We look forward ...

Get longevity risk right on DLAs, warns APRA

JAMES FERNYHOUGH  |  THURSDAY, 10 OCT 2013
Insurers planning to offer deferred lifetime annuities (DLAs) will need to demonstrate that they have rigorously factored in longevity risk, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA). Speaking at ...

Budget gets nod of approval from industry bodies

JAMES FERNYHOUGH, MARK SMITH  |  WEDNESDAY, 15 MAY 2013
... applauded the confirmation of the pre-announced changes to remove the inequitable tax treatment of deferred lifetime annuities and give them the same tax treatment as current income streams. Actuaries Institute CEO Melinda Howes said: "[It] will provide ...

Call for new generation annuities

ELISE BURGESS  |  FRIDAY, 3 FEB 2012
... Australia's ageing population, the Actuaries Institute has recommended that proposed tax disincentives on deferred lifetime annuities be culled to allow local market use along with new generation of products that cater for new client demands and a younger ...

Challenger results prove annuity winner

ELISE BURGESS  |  MONDAY, 22 AUG 2011
... advisers who want greater flexibility for customers who use platforms." Challenger may also bring in Deferred lifetime annuities (DLAs), which currently require minor legislative changes to put the product on an equal footing with other super products. ...

Speed bumps to annuities

ELISE BURGESS  |  FRIDAY, 25 MAR 2011
... according to a Towers Watson report. Under the current tax and the age pension means test provisions, deferred lifetime annuities are penalised during the deferment period, restricting the development of annuities and further innovation in related products ...

Annuities help combat longevity risk: Cooper

ELISE BURGESS  |  FRIDAY, 4 MAR 2011
... $343 million. Challenger has been advocating the removal of unintended impediments to the issuance of deferred lifetime annuities, with the Financial Services Council (FSC) now supporting that stance. Within the FSC's pre-budget submission to the Government ...

Govt is longevity insurer of last resort

RUTH LIEW  |  FRIDAY, 13 AUG 2010
... investment. The new product also follows the Henry Review's recommendations in support of both lifetime and deferred lifetime annuities, said a Challenger spokesperson. In October last year, ING Australia launched MoneyForLife, a retirement product that ...

Challenger injects more liquidity into annuities

RUTH LIEW  |  WEDNESDAY, 26 MAY 2010
... fee." The new product also follows the Henry Review's recommendations in support of both lifetime and deferred lifetime annuities, he said.
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