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Showing 71 - 80 of 378 results for "Annuities"

QSuper bets on new retirement product

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... standards and provide higher income than an account-based pension drawn down at minimum rates. The review found the use of annuities in Australia remains "very low" and do not fully curb longevity risk. Modeling of three retirement income products found ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
... lifetime annuity in Australia to be linked to the cash rate, according to the firm. Challenger also offers lifetime annuities that have no index, are indexed to the CPI or partially indexed to it. "The innovative new RBA Cash Linked option allows customers ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... portfolio rejig) but was able to attract about $400 million of external money during FY20. Challenger Life - which includes annuities as well as other life products - saw total sales rise 13% to $5.2 billion. But total annuity sales were down about 12% ...

Challenger raising $300m, to add IG bonds

KANIKA SOOD  |  MONDAY, 22 JUN 2020
... committed to staying a major shareholder and in a strategic relationship with Challenger, it said in company filings. The annuities giant said it will use the proceeds to add to its balance sheet (taking pro forma PCA ratio to 1.78x from 1.63x at May ...

Challenger launches new retirement tool

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... lifting", to help time-poor advisers explain the risks retirees face, including educating Australians about the benefits of annuities. "They [advisers] are under so much pressure. The sources of revenue are changing underneath them, their costs in terms ...

Australians hate complexity, not annuities: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 APR 2020
... government previously believed. However, that demand is being stifled by a lack of understanding among consumers on how annuities function and what options are available to them. "There's a belief out there that Australians 'hate' annuities ...

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... Australians in retirement could choose to preserve more of their super funds instead of taking account-based pensions and annuities. "This choice allowed retirees an opportunity to offset some of the losses they had incurred through the market falls ...

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 ...