VicSuper gets into bed with Challenger

VicSuper claims to have launched Australia’s first ever public offer comprehensive income product for retirement (CIPR) in partnership with annuity provider Challenger. The offer combines a pension product created by VicSuper’s in-house team with a flexible guaranteed fixed income product from Challenger created after feedback from VicSuper members. VicSuper currently has 20 per cent of […]

Reducing the cost of longevity insurance

Paul McCartney was only 16 years old when he wrote “when I’m 64” in 1958, so can be excused for taking a pessimistic view of what we now regard as an active phase of life during which many of us will still be working by choice. Still, median life expectancy from birth was not quite […]

Catholic Super prefers Mercer’s admin for retirement

Catholic Super has started the process of switching its administration to Mercer, partly to gain flexibility in providing complex retirement products. The fund has around a quarter of its members in the retirement phase and offers 10 tailored retirement investment options, but it now wants to add hybrid options which give members a measure of […]
Investment Strategy

Unisuper to design own retirement products

UniSuper is in the planning stage of building several retirement products for its members rather than rely on off-the-shelf solutions from providers. The $45 billion fund wants to use its scale to create products such as a pooled longevity product with a mortality bonus for those that live longest, similar to Mercer’s group self- annuity, […]