TAL takes 15.1% of Challenger
Major life insurer, TAL has confirmed that it has acquired a 15.1% stake in Challenger Limited.
In a move being interpreted by some analysts as part of a larger move into the annuities space, TAL’s confirmation said it recognised the “evolving needs of Australia’s ageing population and a shareholding in Challenger adds to TAL’s long-term commitment to the growing retirement sector”.
TAL chief executive, Fiona Macgregor said, “There is an important community need to address with five million Australians currently in or preparing for retirement. Our minority investment in Challenger is an extension of our commitment to supporting Australians’ financial needs during retirement.”
LOL - the current number isn't the floor. It's just a pause as more declines are incoming tks to insane…
Someone is fudging the numbers on the number of active advisers available to provide advice! While there may be in…
When they leave a licensee they come off the list. When they commence with a new one they come back…
You have a reversal in number. 15203 and another 15023…
How does an adviser shifting licensees add to a new adviser list ?