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Showing 1 - 10 of 364 results for "defined benefit"

ESSSuper faces class action threat over unpaid super

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... penalty allowances in superannuation calculations for some members of its Transport Superannuation Fund - a closed defined benefit scheme exclusive to employees of a transport authority who joined between 1 July 1988 and 31 December 1993. In some cases ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
The government is consulting on changes to provisions afforded to super fund members with a capped defined benefit income stream to ensure they are not negatively impacted in the event of a merger. Under current legislation, when a super fund merges ...

Infrastructure a foundational portfolio asset class: IFM Investors

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
... though this is proportionally meagre compared to the $40 trillion size of the market. "... the more mature funds in defined benefit markets struggle with the weakened funding and a future of negative cashflows, limiting their appetite for long term ...

Best super fund products revealed

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... Corporate - Accumulation Account, Aware Super - Ambulance, Aware Super - Police Blue Ribbon Super, Equipsuper - Defined Benefit, and Plum Superannuation Fund Employer Division. Leading the pack, however, Insignia secured the most AAA ratings for its ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... for an income year. The draft regulations contain provisions that enable the calculation Division 296 of tax for defined benefit interests to deliver proportionate treatment under the measure, Treasury said. This includes: outlining methods to value ...

JANA wins mandate from public sector super fund

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... by the Superannuation Commission, the trustee of RBF, to help manage the public sector fund's $2.1 billion in defined benefit assets. "We look forward to working closely with the Superannuation Commission to help them achieve strong investment outcomes ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... say, the prime minister himself and the secretary of treasury," Taylor said. "For those lucky enough to have a defined benefit scheme, they will enjoy deferred payments and rates of tax set entirely by regulation or legislation. For everyone else, they ...

Brighter Super adds head of product

ELIZABETH FRY  |  FRIDAY, 9 FEB 2024
... 2017. As head of product there, she led product strategy, development and management of EISS's super, pension, defined benefit and insurance offers. Saija was most recently with Aware Super where she held the title of product manager at Aware Super ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... 47.3% allocation to equites, 20% in alternatives and a 24.8% holding in fixed interest. Qantas Super is a hybrid defined benefit and defined contribution scheme. It has more than 26,000 members. Parent company Qantas estimates that it will pay $66 million ...

Pension Protection Fund appoints chief executive

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
... Michelle Ostermann will succeed Oliver Morley as chief executive of the $62.8 billion fund, which oversees the defined benefit entitlements of about 10 million members across more than 5000 pension schemes. Ostermann was most recently senior vice president ...
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