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Showing 81 - 90 of 150 results for "Defined contribution"

Failure to monitor ESG may breach fiduciary duty

LAURA MILLAN  |  FRIDAY, 4 SEP 2015
... fiduciary duty." The case started because the claimants thought the trustees of the Edison International defined contribution pension plan "acted imprudently by offering six higher priced retail-class mutual funds as plan investments when materially ...

Murray slams "silly suggestions"

MARK SMITH  |  TUESDAY, 11 AUG 2015
... publishing, Judith Fox, weighed in next. She said the equal representation model no longer makes sense under a defined contribution system because the employer does not have to meet liabilities. "Appointment of directors by a third party is entrenching ...

US fiduciary reforms will rock pension funds

ALEX DUNNIN  |  THURSDAY, 5 MAR 2015
... centres that provide information and general advice to fund members and employees, especially for smaller defined contribution (accumulation) plans. "If those conversations can't happen, that's a lot of people who are going to be knocking on the door ...

401(k) plans to reach $6trn by 2018

STAFF WRITER  |  MONDAY, 2 FEB 2015
Total private defined contribution (DC) assets in the US are expected to surpass $6 trillion in 2018, according to new research from global analytics firm Cerulli Associates. "Our projections indicate that, by the end of the decade, total private DC ...

UK pension funds required to warn consumers

STAFF WRITER  |  WEDNESDAY, 28 JAN 2015
... providers to outline government plans to introduce additional protection for retirees wishing to access their defined contribution pension pot from April this year. The policy shift to allow retirees to access their retirement savings this way was outlined ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... bonds. Superannuation member engagement: Publish retirement income projections on member statements from defined contribution superannuation schemes using Australian Securities and Investments Commission (ASIC) regulatory guidance. Facilitate access ...

Law firm rubbishes Grattan fee report

MARK SMITH  |  MONDAY, 18 AUG 2014
... misleading as it doesn't compare apples with apples," he told Financial Standard. "If you compare all the defined contribution systems in the OECD then the cost of Australia's system is much more in line, despite the fact that our allocation to equities ...

Jeremy Cooper: Rethinking retirement

JAMES FERNYHOUGH  |  THURSDAY, 29 MAY 2014
... savings and give them to you at the end. Now we're trying to convert that into a retirement system. Most defined contribution (DC) countries - the US, us, the UK - are struggling with this back end. It's not a fatal problem but it's a serious problem. ...

RBA questions super fund infra investment

ALICE URIBE  |  THURSDAY, 3 APR 2014
... in many other Organisation for Economic Co-operation and Development (OECD) countries, partly due to the defined contribution (DC) nature of Australia's superannuation system. "While part of this is likely to flow through to relatively high fees, disengagement ...

US retirement assets reach US$23tr

ALEX DUNNIN  |  WEDNESDAY, 2 APR 2014
... financial assets. The ICI noted that assets in individual retirement accounts (IRAs) totaled US$6.5 trillion, defined contribution (DC) plans accounted for US$5.9 trillion, government pension plans- including federal, state, and local government plans ...