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Showing 41 - 50 of 366 results for "Annuity"

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... needs were likely to change it was unclear whether information relating to the risk of capital erosion, the potential for annuity rates to be worse in future, or that income levels might not be sustainable had been disclosed The regulator also found ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... cross-subsidise products under scrutiny. Meanwhile, the super sector's diversity also means that some edge cases, such as annuity retirement phase or niche single-sector products, aren't suited for performance testing. Changes to consequences in these ...

Annuities too expensive for most retirees: Research

JAMIE WILLIAMSON  |  THURSDAY, 29 FEB 2024
Analysis shows an annuity that pays an income equivalent to the Age Pension would cost a retiree more than $500,000. In researching whether annuities could solve superannuation's need for better retirement income stream solutions, Rainmaker Information ...

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... but this solution will vary between funds," it said. "Therefore, a standardised product that necessarily includes both annuity and account-based pension components, and that is required to be applied by all funds, is not supported. It may not be appropriate ...

Challenger overhauls IT, awards mandate

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... customers, financial advisers, and institutional clients. The transformation involves replacing Challenger Life's core annuity registry with global insurance system ALIP (Accenture Life Insurance and Annuity Platform) and providing new customer portals. ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... FY24 and announced the departure of its long-serving head of commodities and global markets Nicholas O'Kane. Macquarie's annuity-style divisions, Macquarie Asset Management (MAM) and Banking and Financial Services, saw a decline in their combined net ...

Australian Ethical FUM hits $9.67bn

ANDREW MCKEAN  |  THURSDAY, 18 JAN 2024
... posted positive net flows of $145 million, primarily driven by superannuation, reflecting continued customer growth and annuity-like net flows from superannuation guarantee contributions. However, managed funds recorded a modest net outflow of $7 million. ...

Industry needs better retirement advice blueprint: Expert

KARREN VERGARA  |  THURSDAY, 30 NOV 2023
... products on the market are different from the traditional ones. "We want to make sure that when advisers hear the word "annuity" that there is a new generation available and that they understand the differences. We now have new products such as investment-linked ...

Commonwealth Super Corp selects Challenger for retirement products

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... simple solution at scale." Before deciding on their retirement income solution, CSC said customers who may benefit from an annuity will be referred to a CSC representative. This referral will ensure that they receive the necessary support and guidance ...

Challenger expands strategic relationship with Apollo

CASSANDRA BALDINI  |  THURSDAY, 9 NOV 2023
... Challenger said the extended agreement grants it direct entry to Apollo's origination network, benefiting both its customer annuity rates and the group's overall returns. In 2022, Apollo directly originated approximately US$100 billion of assets ...