annuity

Investment Strategy

Opposition to kick-start annuity market

If elected in September, shadow treasurer Joe Hockey says he will encourage the issuance of longer dated government debt in a move to kick-start an Australian annuity market. Longer term index-linked government securities would create a good match for the risk a financial services company takes on when it promises to pay a retiree a […]
Hedge Funds

QSuper’s guaranteed-term annuity

QSuper has partnered with Challenger to offer a new guaranteed-term annuity, the first for the superannuation fund and exclusive to its members. The product, which is available to members through QSuper or its financial planning business QInvest1, will provide a very competitive earning rate on term annuities, according to Michael Pennisi, chief strategy officer at […]
Hedge Funds

New Waratah bonds target SMSF investors

The New South Wales Government wants to enter the annuity market by selling new capital-guaranteed debt securities, known as Waratah Annuity Bonds, to wealthy retail investors. The bonds, issued by government debt agency NSW Treasury Corporation (TCorp) to raise capital for infrastructure projects, will provide investors with monthly payments that rise with inflation. Each payment […]
Investment Strategy

REST’s group insurance revolution: death and TPD separated

Industry fund REST Super revolutionised its insurance offering in December by unhooking death cover from total and permanent disability (TPD), coming closer than any fund has thus far to solving the problem of creating a default cover to suit a diverse membership. REST’s chief executive Damian Hill described the fund’s redesign of its insurance offering […]
Investment Strategy

REST’s group insurance revolution: death and TPD separated

Industry fund REST Super revolutionised its insurance offering in December by unhooking death cover from total and permanent disability (TPD), coming closer than any fund has thus far to solving the problem of creating a default cover to suit a diverse membership. REST’s chief executive Damian Hill described the fund’s redesign of its insurance offering […]
Hedge Funds

Annuities: back from the dead with a vengeance

The search for the perfect annuity – a reasonably priced, flexible source of an income stream lasting the customer until death – has become the Holy Grail of the post-retirement product industry. CATHERINE JAMES checks the progress of those on the quest to find it. A visiting Russell Group actuary from the USA, Don Ezra, […]
<2of3>