Search Results | Showing 1 - 10 of 72 results for "Lifetime annuity" |
| | | ... have been in partnership since 2023 when the former was selected by Aware Super to provide a $619 million group lifetime annuity policy to de-risk some of its lifetime pension liabilities. Challenger was selected as it was well placed to meet the needs ... |
| | | | ... help manage longevity risk and give people the confidence to spend by providing a guaranteed income stream-a lifetime annuity. These products already exist, and it is becoming a busy space with fund managers such as Perennial offering a retirement "income ... |
| | | | ... strengthening relationships across the firm's sales channels, including with institutional clients, securing new lifetime annuity and defined benefit opportunities in the half. Regarding funds management, Hamilton said the division continued to demonstrate ... |
| | | | ... their obligations under the Covenant." The second recommendation is for the government to offer all Australians a lifetime annuity via a pre-set amount, whereby retirees allocate 80% of their super balance above $250,000 to the annuity. This reform alone ... |
| | | | ... he said. CSC became one of the first funds to launch a Retirement Income Strategy (RIS), which featured a new lifetime annuity option in partnership with Challenger to address the risk of some members outliving their savings, a series of trustee default ... |
| | | | ... time we have surpassed $200 million in investment bond inflows in a quarter, and we also saw an increase in our lifetime annuity sales." Sales for its LifeIncome product are also up 28%, with the total LifeIncome FUM now at $42 million. This is also ... |
| | | | ... "surpassing all our key metrics," including record sales for both investment bonds and its investment-linked lifetime annuity, LifeIncome, totaling $674 million. "This resulted in our funds under management (FUM) growing to an all-time high of $3.3 billion ... |
| | | | ... decisions about their transition to retirement and available income options. Some of these options include a lifetime annuity which is designed to address the risk of outliving retirement savings. The fund partnered with Challenger to offer these blended ... |
| | | | ... driven by an ongoing strong performance in Challenger Life - its retirement income business that sells term and lifetime annuity products - and a "disciplined approach to cost management." Challenger's normalised net profit after tax (NPAT), which UBS ... |
| | | | ... Challenger's Life business recorded $5.3 billion in revenue, down 4% on the prior 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 ... |
|