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Showing 91 - 100 of 150 results for "Defined contribution"

British govt to introduce pension choice

ALEX DUNNIN  |  FRIDAY, 21 MAR 2014
... and restricts people's choices." "The current system effectively forces the majority of individuals with defined contribution savings to buy an annuity. But times have changed, and a new solution is needed," notes the consultation entitled 'Freedom and ...

Australia's pension pool fastest growing in the world

JAMES FERNYHOUGH  |  THURSDAY, 6 FEB 2014
... pool of pension assets in the world, behind the US, the UK and Japan. In terms of defined benefit (DB) to defined contribution (DC) ratio, Australia's system was the most weighted towards DC, with just 16% of assets in DB. Globally the trend away from ...

Lifecycle the future of pensions globally: Mercer

JAMES FERNYHOUGH  |  FRIDAY, 24 JAN 2014
... lifecycle," he told Financial Standard. "I think the future of superannuation in Australia, and probably defined contribution globally, is lifecycle. I would venture to say that an age-based lifecycle solution like we've seen in Australia so far with ...

Should super have its own regulator?

JAMES FERNYHOUGH  |  MONDAY, 18 NOV 2013
... planned by the government. "If you had the time, you might look at the regulators, and you might think, does defined contribution super actually live inside the prudential regulator at all? Would you in fact move super out of both ASIC and APRA and create ...

Industry funds and corporates must talk more: Sherry

JAMES FERNYHOUGH  |  TUESDAY, 22 OCT 2013
... superannuation sector has grown enormously - $150 billion 20 years ago to $1.62 trillion today. It is overwhelmingly defined contribution now, so the role of trustees is much more important in defined contribution than the old DB [defined benefit] because ...

DB schemes decline post-GFC

JAMES FERNYHOUGH  |  TUESDAY, 17 SEP 2013
... financial crisis has accelerated the move away from defined benefit (DB) retirement schemes, and towards defined contribution (DC) schemes, according the 2013 Create survey. The survey, which included responses from 700 funds in 29 countries, found that ...

Australian pension fund growth outstrips global average

MARK SMITH  |  MONDAY, 9 SEP 2013
... down from 75% five years ago. During 2012, DB assets grew by almost 8% (1% in 2011) compared to over 12% for defined contribution assets (DC) (6% in 2011), while reserve funds grew by almost 18% (1% in 2011). "The rise in pension assets in 2012 was a ...

Retirement objective is income not performance

ALEX DUNNIN  |  THURSDAY, 16 MAY 2013
... pre-retirement purchasing power? Reinforcing this, Stacy Schaus, PIMCO executive vice president in their US Defined Contribution Practice who was in Australia this week to lead a PIMCO retirement incomes roundtable, said, "investment performance is often ...

CommInsure improves coverage for RBF members

LAURA MILLAN  |  FRIDAY, 3 MAY 2013
... changes to existing death, total permanent disability (TPD) and income protection products for members of RBF's defined contribution scheme, the RBF Tasmanian Accumulation Scheme. The product upgrade provides greater choice to members and will assist ...

Plans to close large UK defined benefit angers members

MARK SMITH  |  THURSDAY, 2 MAY 2013
... existing members. The company told staff it planned to move 2,300 employees currently in the scheme to a defined contribution pension, where payments are not guaranteed and depend on the performance of the underlying fund. Defined benefit schemes are ...