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Showing 41 - 50 of 72 results for "Lifetime annuity"

Challenger's $300m profit and new product

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
... proposition and the new product - CarePlus - will fill a significant gap. CarePlus will combine the benefits of a lifetime annuity, providing regular income for aged care costs, with life risk insurance providing estate planning certainty. Benari said ...

Challenger annuities join CFS platforms

DARREN SNYDER  |  MONDAY, 10 AUG 2015
... recent modeling by Ernst & Young and Colonial First State showed that combinations of an allocated pension and a lifetime annuity in a retirement portfolio can potentially provide superior outcomes to an allocated pension alone. "Including annuities ...

Annuities to become more competitive

DARREN SNYDER  |  WEDNESDAY, 15 JUL 2015
... and the focus to deliver annuities in your strategy," Lytas said. "Right now if we were to launch a deferred lifetime annuity - the assets during that deferral stage - will be taxed at 15%. So straight away there is a tax strain and you're not optimising ...

CommInsure annuities listed on CFS wrap platforms

LAURA MILLAN  |  TUESDAY, 30 JUN 2015
... annuities." Lytas explained that a "layered approach" or combining the age pension with an account based pension and a lifetime annuity can provide superior outcomes for Australians in retirement. "A combination of a CPI-indexed lifetime annuity with ...

VicSuper and Challenger launch integrated super retirement product

DARREN SNYDER  |  THURSDAY, 11 JUN 2015
... income in retirement." The first CIPR product, VicSuper Guaranteed Income for Life, is similar to a contemporary lifetime annuity. The second, Guaranteed Fixed Term Income, is similar to a fixed term annuity. They are intended to supplement use of the ...

CFS reveals retirement income strategy

LAURA MILLAN  |  MONDAY, 4 MAY 2015
... that "combining products in retirement, taking an account based pension and a small allocation to some sort of lifetime annuity or some sort of deferred lifetime annuity when they become available is actually a better prospect for the mass market," Rubinzstein ...

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... deferred lifetime annuities." The insurer said that using a portion of superannuation assets to buy a deferred lifetime annuity and leaving the remaining assets invested in an account based pension should receive the same tax treatment as would apply ...

Mercer unveils longevity insurance product

JAMES FERNYHOUGH  |  THURSDAY, 30 OCT 2014
... called a 'world-first' and a 'retirement game changer'. Dubbed 'Mercer Lifetime Plus', the product behaves like a lifetime annuity, creating a 'pool of lives' and paying out an income until death. However, it does not have the same guarantees as a lifetime ...

CFS adds annuities to platforms

JAMES FERNYHOUGH  |  WEDNESDAY, 15 OCT 2014
... 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% of all retail ...

Challenger supports default 'MyPension' product

JAMES FERNYHOUGH  |  TUESDAY, 9 SEP 2014
... withdrawals, as they currently do. Challenger recommended three possible models for such a default retirement product: a lifetime annuity; a lifetime annuity and an account-based pension (ABP); or a temporary allowance (ABP) with a deferred lifetime ...