CHALLENGER

Funds management

Challenger has signed a non-binding memorandum of understanding with Apollo Asset Management to improve its retirement offering in Australia. ...

People & Products

Challenger has appointed Nick Hamilton as managing director and chief executive following Richard Howes’ retirement announcement in August....

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....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 4 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 3 days ago