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Showing 61 - 70 of 366 results for "Annuity"

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... In 2022, some 81% of super was taken in the form of a pension, 19% was made as a lump sum payment and just 0.1% took an annuity. "If drawdown reforms, including those recommended by the Quality of Advice Review, are implemented, by 2040 an additional ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... and fixed income credit spreads widening. Higher interest rates have also helped drive margin expansion and demand for annuity sales. Total Life sales were up 11% to $5.5 billion, driven by "exceptional" growth in retail annuity sales; up 89% to $2.1 ...

Australians worry about retirement - and maybe they should

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... lifetime pensions that offer the ability to choose investment options with the potential to outperform a conventional annuity in the long term as well as a guarantee that their retirement income will continue for life - however long that might be - and ...

Challenger launches new alternatives fund

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
... previously reported by Financial Standard, in September, Challenger also offered a new guaranteed fixed three-year term annuity at 4.4% per annum. The investment manager said this rate shifted annuities into sharper competition with other defensive assets ...

Retirees are silent casualties of inflation: Challenger

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
... protection, and a traditional defined benefit pension. Alternatively, the report recommended a guaranteed CPI-linked lifetime annuity that pays retirees an income stream for the rest of their life that adjusts in line with inflation changes. Moreover ...

Challenger offloads banking business

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2022
... wider range of customers and to expand the bank's term deposit offering by replicating the same strategy used in its term annuity business. At the time, Challenger said it expected to break even on the purchase from FY22. Today, the group announced the ...

Time to throw out the antiquated lifetime annuity mindset

ANDREW MCKEAN  |  FRIDAY, 23 SEP 2022
Lifetime annuities have often been set and forget products - very stable, very predictable and linked to one asset with total inflexibility - but that's completely changed, Generation Life chief executive Grant Hackett said. The perception of traditional ...

Challenger offers new fixed term annuity

CASSANDRA BALDINI  |  THURSDAY, 8 SEP 2022
Challenger has launched a new guaranteed fixed three-year term annuity at 4.4% per annum. It said investors who choose to receive all their capital back at the end of the term will receive guaranteed annual payments over the period. The investment manager ...

Challenger appoints Duncan West as chair

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
... pandemic which continues to bring challenges for the economy, the community the business. "We achieved record life and annuity sales and remain disciplined on management of our expenses. Clearly, the macro-economic environment presents both challenges ...

Optimum Pensions, Generation Life launch lifetime annuity

CASSANDRA BALDINI  |  WEDNESDAY, 3 AUG 2022
Optimum Pensions and Generation Life partnered to launch an investment-linked lifetime annuity. The LifeIncome products offers a lifetime annuity with 23 different investment options and has reversionary benefit and death benefits. A statement called ...