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Showing 91 - 100 of 365 results for "defined benefit"

Industry fund swaps insurers

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... income protection from MLC to OnePath. The fund said costs for some members will go up. There are no changes for defined benefit members. "Since 1 July 2017, benefits paid to members have been increasing and over the last three years more benefits have ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... individual applies they will be presented with all open accounts that are not in retirement phase. This will include defined benefit accounts," the ATO said. "The ATO will process the application and notify the defined benefit fund. It is up to the defined ...

Tail-risk hedging pays off for super fund

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... recent market volatility amid the COVID-19 pandemic. Vision Super has had tail-risk protection in place for its defined benefit plan for a few years. Chief investment officer Michael Wyrsch told Financial Standard that the strategy paid off during recent ...

Is it time to lean on the Future Fund?

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... withdrawals, according to Oliver. "Future fund has a different mandate, for unfunded government liabilities across defined benefit schemes. It's not a superannuation fund but more like an offset fund for those unfunded liabilities. Bulk of people ...

Investment specialist joins sustainable fund manager

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... one year as a trustee director for the Towers Watson (Australian Staff) Superannuation Fund, which included both defined benefit and defined contribution sections. Prior to her tenure at Willis Towers Watson, O'Dea spent two and a half years with Frontier ...

Pension fund chief executive retires

JAMIE WILLIAMSON  |  THURSDAY, 12 MAR 2020
... The CalSTRS board has commenced a recruitment process for his successor. "We have demonstrated the value that a defined benefit pension plays in attracting and retaining California's quality public educators," Ehnes said, announcing his decision. "The ...

Retirement review goes off the rails

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
... superannuation contributions of members. The new system would see members split their super savings into two pools - a defined benefit scheme and a defined contribution scheme, creating a hybrid system. BetaShares senior investment specialist Roger Cohen ...

SG increase will hurt women: NFAW

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
... capitalised income stream," the submission said. "To some extent this seems to be consequential on the move from defined benefit funds that produced an income stream to accumulation funds that are perceived as an asset." The NFAW said the gender superannuation ...

BetaShares calls for universal pension

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
... pension, BetaShares proposes, would be partially funded by streaming a portion of compulsory super contributions into defined benefit schemes. "Australia is well-positioned to implement a best practice universal pension within its retirement income system," ...

Industry fund dumps Link

HARRISON WORLEY  |  THURSDAY, 30 JAN 2020
... Mercer." Chief executive of Mercer's Australian office, Ben Walsh, outlined Mercer's expertise in managing defined benefit schemes as an important factor in its offering to the industry fund. "AvSuper has a strong reputation for their robust ...