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Showing 51 - 60 of 351 results for "annuities"

UK asset manager acquires stake in retirement funder

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... Legal & General has close to £1.2 trillion in assets under management. The company is also a provider of insurance, annuities and lifetime mortgages in the UK. "Legal & General's strategic investment shows when it comes to tackling the challenge of ...

Challenger recruits Generation Life co-chiefs

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... general manager for advice transformation, Financial Standard understands. The role will focus on growing Challenger's annuities products among financial advisers. The duo will report to Angela Murphy, Challenger's chief executive of distribution ...

ISA slams ANU research as SG debate rears its head again

HARRISON WORLEY  |  MONDAY, 20 JAN 2020
... preference would be to see policy directed at supporting pooling solutions (as it has done recently with rule changes for annuities), while ensuring an appropriate social security safety net is in place." The industry super lobby fired back, poking holes ...

Cbus chief opposes default longevity requirements for CIPRs

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... little of their retirement savings as a form of self-insurance against a future capital needs," he said. Traditional annuities not of much use Atkin said, in developing a retirement income solution, Cbus is unlikely to find much use in traditional annuities. ...

CommInsure eyes deferred lifetime annuities

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... Challenger. Most of CommInsure's annuity sales are from its fixed term products, but it is now working on deferred lifetime annuities. "We have been looking at them for some while. The July 1 regulation changes have provided certainty around social security ...

UK insurer fined for annuity sales failings

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
... been hit with a £24 million (AU$43.6 million) fine after failing to advise customers they may receive a better deal on annuities if they shopped around. The Financial Conduct Authority said Prudential failed to ensure that customers were "consistently ...

Board addition strengthens strategic relationship

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... increase its Challenger shareholding to over 15% of issued capital and Challenger commenced reinsurance of US currency annuities issued by Mitsui Sumitomo Primary Life. Kobayashi is director and managing executive officer (corporate planning, risk management ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
... transactions in association with business expansion. Challenger Life started by providing provide Australian-dollar annuities to Mitsui Sumitomo Primary Life Insurance Company (a subsidiary of MS&AD). In March this year, they entered a new agreement ...

Fidante loses $3.9bn of super fund assets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
... the strong foundations of our business to drive the next phase of growth. These initiatives support our goal to make annuities a mainstream option in retirement by promoting bottom-up customer demand for our products, and better supporting advisers to ...

Advice software firm appoints sales lead

KRISTI CHENG  |  WEDNESDAY, 31 JUL 2019
... trusting adviser relationships," citing examples of successful product launches over many years with cash, superannuation, annuities, and more recently in the managed accounts space, for institutions including Macquarie Bank and Challenger. "He will ...