Aware Super has selected Challenger as its partner to provide a de-risking solution for its defined benefit fund.
Challenger will provide a group lifetime annuity policy to the value of $619 million that will derisk the fund’s lifetime pension liabilities from investment, inflation, and longevity risk.
This will commence from 31 July 2023 and cover 3,000 members and more than 100 employers, mostly in the Victorian public healthcare space. Related News: Fourth Line sees executive restructure amid advice automation plan Aware has made a short-term Index Plus investment in the fourth quarter of the financial year 2023 to help […]
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