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CHALLENGER
Superannuation
Addressing longevity risk in the Retirement Income Covenant is a tougher nut to crack for superannuation funds than the mandate for funds to mitigate investment and infla...
Financial planning
A “wave of grey” is creating opportunities for financial advisers as the number of Australians expected to retire in the next five years increases to 500,000, according t...
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...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...