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Showing 51 - 60 of 87 results for "Lifetime annuities"

Challenger sees sustained interest in lifetime annuities

JAMES FERNYHOUGH | WEDNESDAY, 16 APR 2014

Challenger has continued to grow its lifetime annuities business, with sales more than doubling in the first quarter of 2014 compared to the prior corresponding period (PCP). Overall, Challenger Life's annuity sales - including lifetime and fixed annuities ...

Could government issue its own annuities?

JAMES FERNYHOUGH | TUESDAY, 15 APR 2014

... Challenger - focused on the need to remove regulatory impediments to the development of products such as deferred lifetime annuities. ASFA chief executive Pauline Vamos, for example, said: "Creating a more favourable environment, and removing the taxation ...

Professor proposes cheap longevity insurance design

JAMES FERNYHOUGH | TUESDAY, 15 APR 2014

A Canadian finance professor has come up with a way of making lifetime annuities affordable by designing them so they only pay out if the market does badly. According to Moshe A. Milevsky of York University, Toronto, while lifetime and deferred lifetime ...

FEATURE: Insuring against longevity risk

JAMES FERNYHOUGH | FRIDAY, 14 MAR 2014

... government has delayed it). The other is developing products that insure against longevity risk, such as deferred lifetime annuities. ASFA's emphasis on annuities and longevity risk products is in line with the OECD's recommendations. For the full story ...

MetLife launches long-awaited retirement product

JAMES FERNYHOUGH | TUESDAY, 4 MAR 2014

... including guarantee fees, below 2.0%." Arora said the lifetime growth annuity product differed from traditional lifetime annuities in that there was the potential for returns to rise with markets (hence the 'growth' element). There is also always the ...

Challenger reports record annuities sales

JAMES FERNYHOUGH | TUESDAY, 18 FEB 2014

... interim dividend of 12.5 cents per share, up 32%. Challenger chief executive Brian Benari said: "We sold more lifetime annuities in six months than the entire 2013 year, dispelling doubt about the revival of the Australian lifetime annuities market." ...

Actuaries call for overhaul of retirement phase rules

JAMES FERNYHOUGH | MONDAY, 17 FEB 2014

... working. In its pre-budget submission to Treasury, the Actuaries Institute also recommended bringing deferred lifetime annuities under the same tax regime as other post-retirement income products. The submission referred to Assistant Treasurer Arthur ...

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH | WEDNESDAY, 5 FEB 2014

... of reference for its review of retirement income stream regulations, including the tax treatment of deferred lifetime annuities (DLAs). In December last year, the minister responsible for financial services and superannuation, Arthur Sinodinos, said ...

Government scraps Labor's annuities reforms

JAMES FERNYHOUGH | MONDAY, 16 DEC 2013

... government will not proceed with Labor's plan to grant tax concessions to retirement income derived from deferred lifetime annuities (DLAs). Under Labor's proposed legislation announced as part of the 2013-14 budget, DLA earnings would have received ...

Challenger acquires SMSF business

MARK SMITH | MONDAY, 16 DEC 2013

... review of the regulatory arrangements for retirement income streams. "Longevity insurance products like deferred lifetime annuities are likely to hold appeal for SMSFs if designed with their particular needs in mind," Benari continued. "We look forward ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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