Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 87 results for "Lifetime annuities"

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... company said that the current regulatory requirement to have regular payments "creates a barrier for deferred lifetime annuities." The insurer said that using a portion of superannuation assets to buy a deferred lifetime annuity and leaving the remaining ...

VicSuper to offer Challenger annuities

JAMES FERNYHOUGH  |  THURSDAY, 6 NOV 2014
... products, which the fund expects to launch in early 2015, will be backed by Challenger's guaranteed term and lifetime annuities, and are "designed to help members protect against longevity risk and provide a safe and reliable income stream in retirement." ...

CFS adds annuities to platforms

JAMES FERNYHOUGH  |  WEDNESDAY, 15 OCT 2014
... went up by 8% over the prior corresponding period to reach $788 million. This included both fixed term and lifetime annuities. Lifetime annuity sales, meanwhile, increased by $42 million or 35% to hit $161 million for the quarter. They comprised 23% ...

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
... than life companies like Challenger. Challenger essentially argued that GSA was a "blunt instrument" next to lifetime annuities. "Provided the pool is large enough, a GSA can deal with idiosyncratic longevity risk (the variation of the length of individual ...

GSA an affordable alternative to DLAs: APRA

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
Group self-annuitisation (GSA) may provide a more affordable alternative to deferred lifetime annuities (DLA) when it comes to dealing with longevity risk, according to the Australian Prudential Regulation Authority (APRA). In its second submission ...

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
... areas: the regulation of superannuation income streams; specific impediments to the development of deferred lifetime annuities (DLAs); and proposed changes to the minimum drawdown rules. In the first section, the paper asks for feedback on what sort ...

UK annuities policy dubbed 'political schizophrenia'

JAMES FERNYHOUGH  |  THURSDAY, 17 JUL 2014
... encourage the take-up of income streams; and amending laws to make it easier to offer products such as deferred lifetime annuities.

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... introducing legislation to allow for more retirement product innovation. It considered the benefits of deferred lifetime annuities, group self-annuitisation, and the possibility of the government issuing its own longevity insurance products. Regarding ...

Retirement innovation deadlock continues

JAMES FERNYHOUGH  |  MONDAY, 30 JUN 2014
... on consumer appetite for longevity risk products. Challenger's considerable uptick in demand - selling more lifetime annuities in the first half of the 2013-14 financial year than it did in the entire previous financial year - is not a reliable indication ...

Bring on compulsory annuities, says Deloitte partner

JAMES FERNYHOUGH  |  WEDNESDAY, 28 MAY 2014
The government should introduce compulsory deferred lifetime annuities as a way of insuring against longevity risk, Deloitte's lead superannuation advisory partner Russell Mason has said. Speaking about the future of superannuation at Russell Investments' ...