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Search ResultsShowing 1 - 10 of 100+ results for "Annuities"
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
... & 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 our ...
Challenger recruits Generation Life co-chiefs
KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... 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, product ...
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
... 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 informed" ...
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