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Showing 41 - 50 of 55 results for "Challenger Life"

Challenger boosted by life sales

MATT WOODINGTON  |  MONDAY, 18 APR 2011
... reached $27 billion, a 22 per cent rise from the previous year and a 5 per cent rise during the last three months. Challenger Life retail sales for the quarter were $740 million, including the impact from the conversion of Challenger's high yield fund ...

Challenger boutiques and annuities enjoy strong half year

ELISE BURGESS  |  MONDAY, 21 FEB 2011
... Challenger's total assets under management rose 8 per cent to $25.8 billion from $23.9 billion at 30 June 2010 while Challenger Life's assets under management increased to $7.6 billion at 31 December. The levels of growth have been attributed to its ...

Smarter annuities can plug retirement savings gap

MATT WOODINGTON  |  THURSDAY, 10 FEB 2011
... issuing annuities but I think they have to do their risk management a bit better." Richard Howes, chief executive of Challenger Life, said there is a perfectly adequate global market for insuring against annuities with a diverse portfolio and that demand ...

Cooper starts new role at Challenger

JOHN MCDULING  |  MONDAY, 6 DEC 2010
... role" that will compliment the company's growing annuities business. Cooper will report to Richard Howes, head of Challenger Life, the division that runs the annuities business. In the year to June, Challenger wrote $2.2 billion in annuity sales, split ...

Shareholders vent fury over exec pay

JOHN MCDULING  |  FRIDAY, 19 NOV 2010
... executive Dominic Stevens' pay packet went up by roughly 65 per cent to $6.6 million while Richard Howes, head of Challenger Life, in which the annuities business is housed, saw his pay rise by 62 per cent to $5.7 million. However, in the year to June ...

Government annuities proposal draws industry fire

RUTH LIEW  |  FRIDAY, 9 APR 2010
... agrees that government annuities are not the only solution to longevity risk. Richard Howes, chief executive of Challenger Life, argues his case "particularly when there is so much innovation occuring in the private sector regarding new-generation lifetime ...

Challenger takes annuities to platforms

COMPANY RELEASE  |  TUESDAY, 20 OCT 2009
... platform following financial planner demand for more income products. The fund invests in annuities issued by Challenger Life and investors can select between three, five and seven year terms. Investors can also exit the fund at anytime but it should ...

Challenger annuities post record sales

MICHAEL HOBBS  |  THURSDAY, 8 OCT 2009
... certainty and low fees in preference to high fee, complex and opaque products," said Richard Howes, chief executive at Challenger Life. "Annuities are now being viewed as a real alternative for the fixed income component of retirement income portfolios ...

Challenger to ramp up life and funds mgmt after mortgage sale

MICHELLE BALTAZAR  |  TUESDAY, 18 AUG 2009
... its balance sheet, diverting part of the sale proceeds to repaying debt, investing around $200 million back into Challenger Life. The group will also assume a net cash position of around $350 million after the transaction is finalised. In an ASX statement ...

Challenger teams up with Colony

MICHAEL HOBBS  |  MONDAY, 27 AUG 2007
... per share. Colony will pay $64 million for the grant of the option. Colony will also participate in an offer by Challenger Life No.2 of subordinated notes of up to $500 million. Challenger has said that the partnership will allow them to invest in Europe ...