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Showing 1 - 10 of 29 results for "Longevity products"

Nearly $12bn leaves Challenger in March quarter

KARREN VERGARA  |  TUESDAY, 21 APR 2026
... Challenger Index Plus sales jumped 41% to $629 million. "With APRA's new capital standards for insurers of longevity products now set, we are turning to the implementation, which will deliver an immediate and material reduction in shareholder risk, support ...

APRA launches 'advanced illiquidity premium' to capital framework reforms

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
... with the industry, APRA released its final response to amending prudential standards on treating capital for longevity products in a bid to improve weak demand for such products. One of the key changes is refining specific parameters of the proposed ...

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
... support members transitioning to retirement. Additionally, 36% described intentions to conduct a review of longevity products or introduce a new product to address longevity risk by 30 June 2026. "A strong governance framework to oversee the implementation ...

APRA tackles 'weak demand' for longevity products in second consultation

KARREN VERGARA  |  WEDNESDAY, 29 OCT 2025
APRA has launched a second round of consultations on the capital framework for longevity products in a bid to tackle the "weak demand" for such products including annuities. The prudential regulator has released several proposals in the next stage of ...

SMC calls for simplified retirement system

ELIZA BAVIN  |  WEDNESDAY, 24 SEP 2025
... recognised within the principles as a critical part of retirement income for most Australians; understand that longevity products designed to help with managing longevity risk in retirement aren't right for everyone; and allow trustees to design ...

APRA plans to remove 'unnecessary obstacles' for longevity products

ANDREW MCKEAN  |  THURSDAY, 12 JUN 2025
... committing to removing unnecessary obstacles to the development of more "innovative" and "competitively priced" longevity products. The regulator identified two issues with its existing framework. Firstly, it imposes high capital requirements compared ...

Annuities' capital settings due for change: APRA

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
... longevity market. In response APRA said it acknowledged that capital settings have an impact on the supply of longevity products, but it has prudential considerations in balancing the financial resilience of life companies with commercially viable innovation. ...

Market performance fails to sway retirement confidence: State Street

ANDREW MCKEAN  |  FRIDAY, 19 JAN 2024
... higher interest rates, or education or some other factor, but it does augur well for trustees looking to include longevity products in holistic retirement solutions." Meanwhile, the State Street survey uncovered a decline in the emphasis Australian retirees ...

Retirement phase of superannuation consultation opens

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... could include a range of features or products, such as 'default' drawdown rates, investment strategies and/or longevity products," the paper read. Changing the minimum drawdown framework is one option. This could be revising minimum rates to "achieve ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... take a portion of their superannuation assets as a lifetime income stream, like annuity, pension or pooled longevity products. This is a method that has been used by some funds already including QSuper, Cbus, Sunsuper and BUSQ. Conversely, it wants disincentives ...
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