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Showing 1 - 10 of 12 results for "Care Annuity"

CFS adds aged care annuity to FirstChoice

KERRIE SYDEE | MONDAY, 29 AUG 2016

Colonial First State has added Challenger's CarePlus annuity to the FirstChoice platform, giving a greater number of financial advisers access to the retirement investment option. General manager product and investments at Colonial First State, Peter ...

Challenger negotiates Care Annuity compromise

JAMES FERNYHOUGH | THURSDAY, 18 DEC 2014

... Social Services (DSS) has backed down from its plan to change the way it assesses current holders of the Challenger Care Annuity. However, Challenger has agreed to redesign the product in line with the new 'user pays' aged care policies introduced on ...

Government explains Challenger annuity mix-up

JAMES FERNYHOUGH | TUESDAY, 2 DEC 2014

The Department of Social Services (DSS) has given its reasons for changing the way it assesses Challenger's Care Annuity, saying it had mistakenly been assessing it on the grounds that investors in the annuity could not get their capital back. However ...

Challenger Care Annuity sales suspended

JAMES FERNYHOUGH | FRIDAY, 28 NOV 2014

Challenger has suspended sales of its Care Annuity product and will pursue legal avenues after the government announced it would reassess the social security treatment of investors in the annuity. The Department of Social Services (DSS) informed Challenger ...

Challenger sees sustained interest in lifetime annuities

JAMES FERNYHOUGH | WEDNESDAY, 16 APR 2014

... accounting for 30% of total retail annuity sales, up from 20% in the December 2013 quarter. Lifetime (Liquid Lifetime and Care Annuity) sales for the quarter were $143 million, more than double that achieved in the March 2013 quarter." On the funds management ...

Challenger reports big boost in annuities sales

JAMES FERNYHOUGH | MONDAY, 21 OCT 2013

... annuity sales and remain committed to our 2014 guidance. "Sales from our new lifetime products, Liquid Lifetime and Care Annuity, have accelerated. Lifetime sales for the quarter were $119 million or approximately half the sales achieved for the entire ...

Planners race to plug gap in aged care advice

LAURA MILLAN | MONDAY, 6 MAY 2013

... was designed to cover the main aspects of aged care: social security, estate planning and regular cash flow. The Care Annuity, issued in 2012, offers the right mix of income and capital protection, as an alternative to insurance bonds or term deposits. ...

Challenger FUM grows 7% in March quarter

LAURA MILLAN | THURSDAY, 18 APR 2013

... institutional product sales were of $31 million for the quarter. "Lifetime sales, representing Liquid Lifetime and Care Annuity sales, comprised 18% of total retail annuity sales for the quarter, resulting in a growing proportion of sales from these ...

Challenger gets Lonsec approval on annuities

LAURA MILLAN | MONDAY, 11 MAR 2013

... and lifetime annuities offered by Challenger, including the fastest selling annuity in the company's history, the Care Annuity, as well as the Liquid Lifetime annuity. "We're pleased with the recognition that our annuities are true-to-label retirement ...

TAL wins Life Company of the Year

MARK SMITH | WEDNESDAY, 6 MAR 2013

... Annuity Provider of the Year Award, Long Term Income Stream Award and Annuity & Income Stream Innovation Award for its Care Annuity. AFA chief executive Brad Fox said that while too many Australians are still uninsured, the range of award winners proves ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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