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Showing 101 - 110 of 469 results for %22M%26S Pension Scheme%22

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... and the investigation into serious incidents of misconduct in the aged care sector through a serious incident response scheme, with additional funding of $29.8 million. It also announced it would provide $10.6 million to connect younger people living ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... Retirement income review, CIPRs, Eligible Rollover Funds The budget did not extend the early release of superannuation (ERS) scheme past 31 December 2020. Adjusted drawdown rates for account-based pensions were also left untouched. There was also no ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... disabilities was the second largest social security expense at $56 billion. Expenditure on the National Disability Insurance Scheme was estimated at $23.4 billion (an additional $3.9 billion in spending on last year) and income support for people with ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... those who access the scheme will be tens of thousands worse off in retirement and will become more reliant on the aged pension. Additionally, ISA said its own research shows the scheme has added tens of billions more to the aged pension, heaping pressure ...

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings. The Arkansas Teacher Retirement System (ATRS) was the first pension ...

BlackRock wins $7.1bn mandate

KARREN VERGARA  |  FRIDAY, 11 SEP 2020
BlackRock has secured a $7.1 billion (£4bn) mandate from a UK pension scheme. The investment manager will provide asset allocation and manager-selection decisions across all asset classes for the Civil Aviation Authority Pension Scheme (CAAPS), a defined ...

UK pensions to factor in climate change risk

JAMIE WILLIAMSON  |  FRIDAY, 4 SEP 2020
... week, the UK's work and pensions secretary Therese Coffey proposed legislation that would require occupational pension scheme trustees to consider the long-term financial risks posed by climate change. The government wants to see the 100 largest occupational ...

Super remains grossly inequitable: Per Capita

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... load of domestic labour and care carried by women." According to the findings, 24.2% more women than men receive the Age Pension, with 31.5% more women than men on the full rate and 13% more on a part pension. More than a half a million single women ...

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
... slammed the government's early release of superannuation scheme, arguing it will significantly increase the long-term Age Pension costs borne by taxpayers. Total retirement incomes will be substantially lower, it said, while a spike in Age Pension expenditure ...

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... flow on impact of lower revenue and the high level of operating leverage in this division. Link Group also entered the UK pension market in FY20 through its strategic partnership with Smart Pension. As at 30 June 2020, Link said it administers around ...