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Showing 1 - 10 of 23 results for "Index Plus"

Challenger overhauls IT, awards mandate

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... corresponding period. Sales for lifetime annuity, which includes Aware Super's annuity policy valued at $619 million, and Index Plus products hit $1.1 billion, up 190% year on year. During the period, Challenger also partnered with the Commonwealth ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... the prior corresponding period. Institutional sales reached $5.4 billion, of which $4.2 billion came from Challenger Index Plus sales. In total, Challenger Life booked sales of $9.7 billion, although steady year on year, was largely driven by record ...

Aware Super, Challenger partner for DB solution

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... members. To help fund the annuity and manage the investment transition, Aware Super has invested in Challenger's Index Plus strategy, in what is said to be the largest annuity buy-in to date in Australia. The policy is to cover 3000 members living ...

Challenger to change annuity pricing

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... force it to change annuity pricing. The life business, which includes annuities and other products such as Challenger Index Plus, saw $1.37 billion of net inflows from $2.4 billion of sales in the three months to March. Challenger sold $1.57 billion ...

Challenger wins $200m mandate

KANIKA SOOD  |  MONDAY, 15 FEB 2021
... savings for current and former New South Wales government employees, picked Challenger for the allocation. Challenger's Index Plus equities product includes an agreed contractual margin over a benchmark index for no management fee. "By guaranteeing an ...

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... product which MLC last January said, will receive the members in legacy MasterKey super and pension products. All MLC Index Plus options will do down to flat 29bps, in what MLC says will benefit 40,000 retail and wholesale clients. Effective April 20 ...

MLC terminates fund

KANIKA SOOD  |  TUESDAY, 3 SEP 2019
... asset class (Australia shares, diversified debt, global property, global shares property securities and others) and index plus, inflation plus and diversified portfolios.

SSGA launches ESG-heavy strategy for Aussie instos

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... dedicated fund follows on from SSGA divesting tobacco and controversial weapons shares held in its State Street Global Index Plus Trust in September 2017, something SSGA said was in response to demand from its Australian investors. The move saw the Fund ...

SSGA fund divests tobacco and weapons

KARREN VERGARA  |  TUESDAY, 12 SEP 2017
... fund with about $900 million under management is divesting from weapons and tobacco companies. The State Street Global Index Plus Trust, which invests in global companies and aims to outperform the MSCI World ex-Australia Index over the long-term, has ...

Annuity sales boost Challenger results

KARREN VERGARA  |  TUESDAY, 15 AUG 2017
... from the new Guaranteed Index Return (GIR) client mandates and reinvestments, and the recently launched Challenger Index Plus Fund. The life book growth also hit a record of $1.3 billion from $1.1 billion last year. Challenger chief executive Brian Benari ...
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