CHALLENGER
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...
People & Products
Wendy Cox has been appointed to the newly-created role of head of finance and HR, while Lata McNulty has been promoted to the newly-created role of chief risk officer by ...
Financial planning
Interest rates may be low and dividend payments doubtful, but a Money Management Retirement Incomes webinar panel has agreed there is a continuing and necessary role for ...
Financial planning
Questions are being asked about whether advisers are facing greater risks of being perceived to breach the code of ethics because of the complexities inherent in advising...
Financial planning
Financial advisers are facing a dilemma with annuities still a core retirement income option but, with a long period of low interest rates being predicted, they face some...
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MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
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...