Latest Annuities News

Challenger Limited reported a robust FY25 with a 9% rise in normalised profit and a strategic push into digital transformation and retirement income solutions.

Challenger Limited celebrates four decades with a robust 9% rise in net profit and a strategic digital transformation, positioning itself at the forefront of Australia’s retirement income market.

Bravura Solutions posted solid FY25 financial results with revenue growth, improved profitability, and a special dividend following a key licence sale. The company signals steady performance ahead despite ongoing CEO transition.

Oldfields Holdings reports constrained Q4 FY2025 sales due to limited working capital but signals a positive growth outlook for FY2026 following its strategic transformation and capital support.

Clean TeQ Water Limited reported solid progress across multiple key projects and improved cash receipts in its Q4 FY25 update, underscoring its growing foothold in advanced water treatment and resource recovery.

Generation Development Group reports a transformative FY25 with record Investment Bond sales and successful integration of Evidentia and Lonsec managed accounts, setting the stage for strong growth in FY26.

TAL Dai-ichi Life Australia has obtained all necessary regulatory approvals, including from APRA, to finalize its minority investment in Challenger Limited, acquiring a 19.9% equity stake.

Saunders International Limited has announced its acquisition of Aqua Metro Pty Ltd for up to A$30 million, aiming to strengthen its position in the water infrastructure sector with a stable, annuity-style revenue model and a robust project pipeline.

Saunders International has agreed to acquire Aqua Metro for up to $30 million, marking a strategic push into water infrastructure with strong financial prospects and a robust project pipeline.

A VCAT ruling has invalidated the Deferred Management Fee clause in Lifestyle Communities’ contracts due to disclosure issues, prompting an imminent appeal and contract revisions.

Challenger Limited has welcomed APRA’s consultation on new capital settings for annuity products, highlighting the potential for regulatory reforms to boost innovation and growth in Australia’s retirement income sector.

Excite Technology Services reported a strong 53% revenue increase to $12.27 million for FY2025 but also saw its net loss nearly double to $4.44 million. The company expanded its footprint with the acquisition of digital forensics specialist CBIT Pty Ltd.