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CHALLENGER
People & Products
Scott Hartley, AMP Australian Wealth Management chief executive, has been appointed to the Financial Services Council board of directors along with Challenger executive, ...
Financial planning
The changes in advice-led business model are forcing asset managers to respond to a growing direct market....
Superannuation
Superannuation funds and product providers creating retirement income products should look to create effectively default products as products requiring advice will not be...
Expert Analysis
With Australians living longer than ever, writes Aaron Minney, retirement plans focused on a life expectancy of 85 are looking out of touch....
Financial planning
Although the approaching retirement income covenant will explicitly apply to superannuation trustees, it will be impossible for advisers to pretend like nothing has chang...
Funds management
Challenger repositioned its investment portfolio during the pandemic which included holding higher levels of cash and liquid assets and enhanced its business risk setting...
Funds management
Athene Holding has acquired a minority stake in Challenger for $720 million as part of its growth strategy....
People & Products
Challenger has appointed Angela Murphy as the chief executive of its Life business....
Funds management
Challenger’s group assets under management rose by 13% in the first half of the 2021 financial year, with the company declaring a dividend of 9.5 cents per share....
Funds management
Challenger has announced that it has appointed Equity Trustees as note trustee for its Capital Notes 3, a perpetual convertible security which has raised $385 million. ...
Superannuation
Challenger’s chair, Jeremy Cooper, is “ambivalent” about the superannuation guarantee increase while Cbus’ Robbie Campo says the increase will benefit those that are seei...
Funds management
Challenger has reported 4% growth in group assets under management for the three months to the end of September to $89 billion. ...
Funds management
Former Challenger boss, Brian Benari, will head up a new financial services player backed by Magellan and Barclays....
People & Products
The payments of the new guaranteed floating rate lifetime annuity will be linked to the RBA cash rate....
Financial planning
Challenger has reported a $0.9 billion decline in annuity sales as a result of the restructure of the bank-aligned advice network, as the firm issues its full year result...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...