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Showing 61 - 70 of 87 results for "Lifetime annuities"

Get longevity risk right on DLAs, warns APRA

JAMES FERNYHOUGH  |  THURSDAY, 10 OCT 2013
Insurers planning to offer deferred lifetime annuities (DLAs) will need to demonstrate that they have rigorously factored in longevity risk, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA). Speaking at ...

Annuity sales reinforce solid Challenger result

MARK SMITH  |  MONDAY, 19 AUG 2013
... billion, up 18% on last year. Of the $2.2 billion in retail sales, $1.9 billion were fixed term annuities, with lifetime annuities comprising the balance of $257 million, up from $46 million in 2012, and more than the entire industry has sold in any ...

Challenger stages lifetime annuities comeback

MARK SMITH  |  WEDNESDAY, 19 JUN 2013
Lifetime annuities could be staging a dramatic comeback with Challenger targeting sales of $240 million in the 2013 financial year. According to figures from Plan For Life, the industry has not seen demand of that size since 2004, when the top six companies ...

Budget gets nod of approval from industry bodies

JAMES FERNYHOUGH, MARK SMITH  |  WEDNESDAY, 15 MAY 2013
... applauded the confirmation of the pre-announced changes to remove the inequitable tax treatment of deferred lifetime annuities and give them the same tax treatment as current income streams. Actuaries Institute CEO Melinda Howes said: "[It] will provide ...

Planners race to plug gap in aged care advice

LAURA MILLAN  |  MONDAY, 6 MAY 2013
... capital protection, as an alternative to insurance bonds or term deposits. Challenger holds about 95% of all lifetime annuities of the market, according to Plan for Life data, and it saw its annuities product line increase sales by 55% to $1.98 billion ...

Government announces key super reforms

LAURA MILLAN  |  FRIDAY, 5 APR 2013
... to make a non-concessional contribution," Shorten said. The minister also announced that from July 1, 2014, lifetime annuities will have the same concessional tax treatment that superannuation assets receive. Measures have been taken to recover lost ...

Challenger gets Lonsec approval on annuities

LAURA MILLAN  |  MONDAY, 11 MAR 2013
... independent research house Lonsec. Lonsec awarded the rating to all managed investment schemes and term and lifetime annuities offered by Challenger, including the fastest selling annuity in the company's history, the Care Annuity, as well as the Liquid ...

Annuities boost Challenger growth

LAURA MILLAN  |  THURSDAY, 28 FEB 2013
... efficient to distribute and administer," Benari said. He referred to the strong sales of Liquid Lifetime and Care Lifetime annuities, two fast growing products focused on longevity insurance. "The Care Annuity is the fastest growing annuity product in ...

Bendigo to offer Challenger annuities in new deal

MARK SMITH  |  WEDNESDAY, 12 DEC 2012
Bendigo Financial Planning will offer Challenger's Liquid Lifetime annuities under the Bendigo brand, under a new deal between the two groups. The annuities provide a guaranteed income for life with access to capital within the first 15 years of the ...

Lifecycle discussion needs context: Milliman

MELANIE TIMBRELL  |  MONDAY, 20 AUG 2012
... client. The upshot of that is a natural inertia, which has led to the very slow uptake of products in things like lifetime annuities and lifetime income products in Australia. Particularly for industry funds, which have begun to develop a high degree ...