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Showing 1 - 10 of 351 results for "Annuities"

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... could spend their pension how they please, including withdrawing 25% tax-free. Previously, retirees were forced to buy annuities to see them through their later years. Following the review, the FCA is concerned there is not adequate support in the market ...

Alex Dunnin bids farewell to Rainmaker

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... we talk about ESG were career highlights. Just wait until you see what the team has in store on retirement income and annuities research." Dunnin isn't hanging his boots up altogether, however. In a previous life, Dunnin was a high school mathematics ...

Baby boomers turn to local private debt: Research

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... retirees who may need to draw down on capital periodically. "We note Challenger, the country's largest player in the annuities market, has recently entered the Australian private debt market," Foresight Analytics said. The report emphasised two crucial ...

Annuities too expensive for most retirees: Research

JAMIE WILLIAMSON  |  THURSDAY, 29 FEB 2024
... annuity that pays an income equivalent to the Age Pension would cost a retiree more than $500,000. In researching whether annuities could solve superannuation's need for better retirement income stream solutions, Rainmaker Information, supported by Plan ...

New life insurance regulations rolled out

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... regulations that aim to modernise the legislative framework. The Life Insurance Regulations 2024 establishes a threshold for annuities, dictating that the term of a policy must exceed 10 years to qualify as a life policy. The Regulations also streamline ...

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... sparking a call for advice reforms to be expedited, allowing contributions to be made in retirement, and no mandated use of annuities by trustees. In formulating its submission on Superannuation in retirement, the Super Members Council (SMC) - which ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... security benefits. Meanwhile, HUB24 and Netwealth have natively integrated Allianz Retire+ AGILE and Challenger fixed-term annuities respectively, allowing advisers to administer these solutions like other investments on the platform, Peker said.

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... high-ish rates," Lusher said. Outside the popularity of cash and term deposits, other fixed income products including annuities have been bolstered by higher interest rates. "We are having exciting conversations with our retiree clients about a much ...

Market performance fails to sway retirement confidence: State Street

ANDREW MCKEAN  |  FRIDAY, 19 JAN 2024
... developing holistic solutions to this problem has been intensified by Australians' historical reluctance to embrace annuities. Nevertheless, the survey results showed "encouraging signs" that annuities may have turned a corner. "Acceptance of some of ...

Industry needs better retirement advice blueprint: Expert

KARREN VERGARA  |  THURSDAY, 30 NOV 2023
... expectations with strategies and options available in the market. One of the main drivers behind the low take up of annuities in Australia is that they are not available on Approved Products List (APLs) - which limits advisers on what they can recommend ...
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