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Showing 511 - 520 of 676 results for "Lifetime"

Challenger stages lifetime annuities comeback

MARK SMITH  |  WEDNESDAY, 19 JUN 2013
Lifetime annuities could be staging a dramatic comeback with Challenger targeting sales of $240 million in the 2013 financial year. According to figures from Plan For Life, the industry has not seen demand of that size since 2004, when the top six companies ...

Budget gets nod of approval from industry bodies

JAMES FERNYHOUGH, MARK SMITH  |  WEDNESDAY, 15 MAY 2013
... Institute 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] ...

Retail business bumps up AMP in Q1

ALICE URIBE  |  THURSDAY, 9 MAY 2013
... broader availability of North and a lower proportion of customers moving into AMP Flexible Super from AMP's older Flexible Lifetime product. There were $391 million net cashflows compared to outflows of $45 million in Q1 12, and strong flows in to AMP ...

Planners race to plug gap in aged care advice

LAURA MILLAN  |  MONDAY, 6 MAY 2013
... income and capital protection, as an alternative to insurance bonds or term deposits. Challenger holds about 95% of all lifetime annuities of the market, according to Plan for Life data, and it saw its annuities product line increase sales by 55% to ...

Deferred annuity tax reforms safeguard retirees

MARK SMITH  |  THURSDAY, 18 APR 2013
Reforms to the tax treatment of deferred lifetime annuity (DLA) products has added greater security for Australian retirees, according to Towers Watson. The new rules, if enshrined by legislation, remove inconsistencies between the manner deferred annuities ...

Challenger FUM grows 7% in March quarter

LAURA MILLAN  |  THURSDAY, 18 APR 2013
... prior corresponding period. Retail annuity sales included $290 million of fixed term annuities and $64 million of Liquid Lifetime and Care Annuities, which comprised 18% of total retail sales, up from 4% in the March 2012 quarter. Other institutional ...

Government announces key super reforms

LAURA MILLAN  |  FRIDAY, 5 APR 2013
... had chosen to make a non-concessional contribution," Shorten said. The minister also announced that from July 1, 2014, lifetime annuities will have the same concessional tax treatment that superannuation assets receive. Measures have been taken to recover ...

Consumer confidence in super is key: Shorten

LAURA MILLAN  |  TUESDAY, 26 MAR 2013
... because community confidence in the superannuation system is important," he added. "We want a system which rewards a lifetime of hard work, and ideally ensures that Australian workers have something approaching 70% replacement rate of their working income." ...

Challenger gets Lonsec approval on annuities

LAURA MILLAN  |  MONDAY, 11 MAR 2013
... approved by independent research house Lonsec. Lonsec awarded the rating to all managed investment schemes and term and lifetime annuities offered by Challenger, including the fastest selling annuity in the company's history, the Care Annuity, as well ...

Select hedge fund partners Neuberger Berman

MARK SMITH  |  FRIDAY, 8 MAR 2013
... appointment of David Bell to its investment committee. "David is well known in the industry, having been conferred a Lifetime Achievement Award by the Australian Hedge Funds Awards for his contribution to the hedge funds industry," he said.