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Showing 21 - 30 of 366 results for "Defined benefit"

ART, AvSuper closer to merging

KARREN VERGARA  |  MONDAY, 28 AUG 2023
The merger between AvSuper and Australian Retirement Trust (ART) has advanced to the next stage as they have now entered a Heads of Agreement. The agreement confirms the intention of both parties to proceed with the merger in good faith, AvSuper told ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... via the Solutions Group is well placed to help superannuation funds simplify their business and de-risk their defined benefit liabilities. There are opportunities to support them to develop more comprehensive retirement income propositions to meet their ...

Aware Super, Challenger partner for DB solution

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... liabilities. Challenger was selected by the fund, saying it is well placed to meet the needs of Aware Super's defined benefit members. To help fund the annuity and manage the investment transition, Aware Super has invested in Challenger's Index ...

UniSuper rides tech tailwinds to strong returns

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2023
... so we remain confident about its prospects in the medium term. The vast bulk of our APA investment sits in the Defined Benefit portfolio and its return profile is an excellent match for the DB's liabilities." No other stocks with more than $1 billion ...

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... regulatory regime was announced, to provide sponsoring employers and trustees with a new scaled-up way of managing defined benefit (DB) liabilities. Hunt said the government will lead by example and consult on accelerating the consolidation of Local ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... "The duty to identify duplicate accounts under section 108A of the SIS Act provides room for trustees to exclude defined benefit and income stream accounts and places the onus on the trustee to assess and determine whether consolidating accounts would ...

Cbus, EISS Super finalise merger

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2023
... with TWUSUPER. Cbus chair Wayne Swan said preparation for the merger was involved, including the need to develop defined benefit products for EISS Super members. More than 50,000 of Cbus' 900,000 members are now working in the electrical industry, he ...

Iress error impacts ESSSuper members

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
ESSSuper has disclosed a reporting error made by its administrator, Iress, that impacted 9% of its defined benefit members. Due to Iress' incorrect contribution reporting to the ATO for the 2021-2022 financial year, approximately 9% of ESSSuper defined ...

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... said. To mitigate the risk of running out of money during retirement, retirees can also choose between traditional defined benefit pensions that increase payments in line with inflation, or account-based pensions that allow for adjustments to withdrawals ...

Stafford Capital adds superannuation lead

ELIZABETH FRY  |  FRIDAY, 3 MAR 2023
... superannuation six years later. He was responsible for the strategic and operational management of the $8 billion defined benefit corporate super fund until its transfer into Australian Retirement Trust last year. Before his 17 years with Australia Post ...