Challenger Backs APRA's Proposed Changes to Capital Settings for Annuity Products; Shares Rise 7%

MT Newswires Live
02-27

Challenger (ASX:CGF) said it supports the Australian Prudential Regulation Authority's (APRA) announcement regarding a consultation on changes to capital settings for annuity products and it looks forward to playing an active role in the consultation process, according to a Thursday Australian bourse filing.

APRA's proposed changes cover the approach to calculating the "illiquidity premium" to lower life insurer capital requirements for annuity products, the regulator said in a separate statement Thursday.

A "more market sensitive approach" will support increased take-up of longevity solutions and grow the annuity market, delivering "significant" benefits to Australian retirees, the industry, and the broader economy, Challenger said.

Challenger's shares rose past 7% in recent trading on Thursday.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10