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Showing 71 - 80 of 1130 results for "Challenger"

Corporate fund selects Mercer Super for SFT

JAMIE WILLIAMSON  |  TUESDAY, 22 APR 2025
... home to 32 defined benefit members with a lifetime pension entitlement. They have all already been transferred to the Challenger Retirement Fund. Last year, a KPMG analysis found the Goldman Sachs & JBWere Superannuation Fund had some of the most expensive ...

Challenger posts mixed Q3 FY25 result

MATTHEW WAI  |  THURSDAY, 17 APR 2025
Challenger saw strong growth in annuity sales but its assets and funds under management fell in the third quarter of FY25. Challenger's funds under management were $115.2 billion, a $5.9 billion drop, mainly due to negative market movements, but also ...

NGS Super to launch lifetime income product

MATTHEW WAI  |  TUESDAY, 15 APR 2025
NGS Super has partnered with Challenger to provide guaranteed lifetime income for members. The agreement will give the super fund's 32,000 members aged over 55 "greater certainty" through blending an account-based pension with a guaranteed, regular ...

TAL takes 15% stake in Challenger

KARREN VERGARA  |  MONDAY, 7 APR 2025
MS&AD Insurance Group Holdings has sold its entire 15.1% stake in Challenger to TAL. TAL, together with its parent company Dai-ichi Life Holdings, acquired the minority interest at $8.46 per share - marking a 53% premium to Challenger's closing ...

New gig for Challenger's ESG specialist

ELIZABETH FRY  |  THURSDAY, 3 APR 2025
Challenger Ltd has confirmed the appointment of Charlotte O'Meara as the head of responsible investment. The annuity provider said O'Meara is tasked with leading the ESG framework across the investment teams at Challenger, helping the life and ...

Ares builds up wealth team with Fidante poach

ELIZABETH FRY  |  THURSDAY, 6 MAR 2025
... Management, he was at Fidante for six years before that. At Fidante, the multi-affiliate investment management arm of Challenger Group, Holberton served as the national sales manager for listed and alternative investments. He was a key member of the ...

Annuities' capital settings due for change: APRA

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
... life annuities, but every little bit helps and it will make the life insurers more stable." "The life insurers (mainly Challenger) sometimes operate at a disadvantage to the banks when competing for short-term funds, and the differences in treatment ...

ASIC turns up the heat on private markets

KARREN VERGARA  |  WEDNESDAY, 26 FEB 2025
... investors to their own devices," he added. Stakeholders have until April 28 to make a submission. Commenting on the report, Challenger Investment Management head of investment strategy in fixed income Pete Robinson said ASIC was explicit in stating it ...

Challenger profits up, share price falls

ANDREW MCKEAN  |  TUESDAY, 18 FEB 2025
Challenger has reported a normalised net profit after tax (NPAT) of $225 million, up 12%, driven by higher earnings across its retirement income brand, Life, and its funds management division, according to its first-half 2025 results announcement. The ...

Custodians revel in double-digit gains

JAMIE WILLIAMSON  |  TUESDAY, 18 FEB 2025
... by 20.8% to surpass $1 trillion in total assets under custody for Australian investors. This was largely driven by Challenger switching its custody arrangements from Citi to State Street, which also included the transfer of Artega Investment Administration's ...