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Showing 1 - 10 of 50 results for "Challenger Life"

Challenger adds market-linked annuity

ANNABELLE DICKSON  |  TUESDAY, 5 OCT 2021
Challenger Life has updated its annuities offering with a range of market-linked options in an attempt to overcome longevity risk and provide financial advisers with more retirement solutions. Ahead of the legislation of the Retirement Income Covenant ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
... decrease in net income to $31.6 million which Challenger said was due to lower transaction fees. In addition, Challenger Life recorded a 10% increase in sales to $3.4 billion, including long-term annuity sales while domestic annuity sales were up 11%. ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
... immediate increase in age pension for certain asset tested retirees. In its FY20 results reported on August 13, Challenger Life - which includes annuities as well as other life products - saw total sales rise 13% to $5.2 billion. But total annuity sales ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... billion from instos and $0.9 billion from retail). CIP Asset Management, which pivoted earlier from managing just Challenger Life assets to accepting external money as well, saw -$1.3 billion in net outflows (from Challenger Life's investment portfolio ...

Challenger raising $300m, to add IG bonds

KANIKA SOOD  |  MONDAY, 22 JUN 2020
... our current defensive portfolio settings, with a high weighting to investment grade fixed income." At March end, Challenger Life rejigged its investment portfolio, slashing equity holdings from 13% of the life investment portfolio to about 5%. Infrastructure ...

Challenger shuffles life portfolio asset allocations

KANIKA SOOD  |  MONDAY, 30 MAR 2020
Challenger Life has tilted its investment portfolio away from equities and sub-investment grade fixed income and towards more liquid assets, as COVID-19 sparks volatility in most asset classes. Challenger Life has slashed equity holdings from 13% of ...

Challenger general manager jumps to boutique

KANIKA SOOD  |  THURSDAY, 26 MAR 2020
... manage and implement the retail distribution strategy for more than 20 institutional groups and 200 IFA's for Challenger Life and the Fidante boutiques," Yarra said in a statement. In his new role, Hacopian will focus on Yarra's strategies' ...

Revolution Asset Management launches second fund

KANIKA SOOD  |  THURSDAY, 16 JAN 2020
... for about $250 million. Sahota was previously the head of fixed income at Challenger, managing $9.3 billion for Challenger Life Company and Australian superannuation funds.

Challenger head of retail departs

KANIKA SOOD  |  FRIDAY, 8 NOV 2019
... Management has appointed Vito D'Introno as its first chief commercial officer. D'Introno has led the retail business at Challenger Life and Fidante Partners for the last five years. For half of the last year, he was also Challenger's acting chief executive ...

Board addition strengthens strategic relationship

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... Treasury to up its stake in Challenger. MS&AD Insurance Group Holdings will be allowed to hold a 100% stake in Challenger Life Company given that its direct control interest in the company does not exceed 20% per the Financial Sectors (Shareholding) ...
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