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Showing 1 - 7 of 7 results for "CGF"

Whitehelm Capital sells to German manager

KANIKA SOOD  |  TUESDAY, 14 SEP 2021
... cash. Challenger expects to record a roughly $44 million gain on sale while derecognise $5 billion of funds under management. CGF said its funds management business's earnings expectations remain unchanged after the sale. For up to two years after completion ...

Challenger to change annuity pricing

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... profit before tax guidance, however, now expects to be at the bottom end of the $390 million and $440 million guidance range," CGF said. "Earnings reflect the sharp decline in credit spreads over the year, which were not fully reflected in customer pricing. ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... morning said the opportunity could be material for Challenger and bigger than what the guidance this morning suggest. "In short, CGF is set to offer term deposits under the same economics and asset and liability structure as its current term annuities," ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company. In March, MS&AD announced its intention to take its stake in Challenger over 15% and seek board representation. ...

Challenger bolsters exec lineup

KANIKA SOOD  |  WEDNESDAY, 12 DEC 2018
... business as we continue to make stable and secure income in retirement a reality for more Australia." Challenger Limited (ASX: CGF) has a market cap of over $5.5 billion. It has two core investment businesses, a life and a funds management division. ...

Competition for annuities likely to remain low

LAURA MILLAN  |  FRIDAY, 27 MAR 2015
... (CBA) signing a distribution agreement in October 2014. "While the non-bank life insurers do pose a competitive threat to CGF, it is difficult to see these players on the retail (bank) platforms, given they are large competitors in the life space," the ...

Interstar launches largest ever Aust non-bank RMB issue

AAP  |  MONDAY, 5 JUL 2004
Diversified financial services company Challenger Financial Services Group (CGF) on Friday announced its wholly-owned wholesale mortgage finance business, Interstar Securities, had successfully launched the largest Australian non-bank RMBS issue. The ...
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