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Showing 1301 - 1310 of 3876 results for "Pension"

Fund manager hires new institutional head

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 JUN 2019
An $11.7 billion investment manager has responded to increased domestic and international demand by appointing a new national manager for institutional business from AMP Capital. Ausbil's new national manager for institutional business is Camilla Skalberg ...

Final farewell for industry association

JAMIE WILLIAMSON  |  FRIDAY, 7 JUN 2019
... coalition of state bodies representing the interests of former public sector employees in receipt of a defined benefit pension as part of the now-closed Commonwealth Superannuation Scheme and Public Sector Superannuation schemes. In recent years, the ...

SG below 10% fails super objective

HARRISON WORLEY  |  FRIDAY, 7 JUN 2019
... system fail its primary objective. Pointing out compulsory super was designed primarily to substitute or supplement the Age Pension, Rice Warner said the system's objective was broad, and did not deal with adequacy. However, it said "intuitively" the ...

Passing Protecting Your Super costs should be fair: APRA

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
APRA expects superannuation funds to do the right thing by members when recovering the costs associated with implementing the Protecting Your Super reforms. The prudential regulator recently updated its Frequently Asked Questions page, urging trustees ...

Navigating the new Pensioners Loan Scheme

KANIKA SOOD  |  THURSDAY, 6 JUN 2019
... pensioners previously) and second, the amount available to borrow has increased to up to 150% of the maximum fortnightly pension rate. The changes translate to a maximum borrowing of $36,000 per year for a single and a $54,000 per year for a couple ...

Australians retire too wealthy: Grattan

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... explained: "They've used age 67 as the point at which you move from accumulation to retirement. That is the future pension eligibility age. Australia does not have a pension age. People leave the workforce before 67 for many reasons." "They've ...

Super fund increases premiums

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
... select insurance premiums after renegotiating its group insurance mandate. It also slashed the administration fee on its pension account.

Mercer hires investment strategy lead

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
... insurance assets. Prior to this, Moore was based in London where he led investment strategy roles at Russell Investments, and pension administration and investment management services provider MN. He also held portfolio management roles at Lehman Brothers ...

Compulsory super detrimental: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 MAY 2019
... determining whether someone has a comfortable retirement. For homeowners and non-homeowners receiving the full rate of the aged pension, homeowners have approximately nine times the net worth of non-homeowners, Cowan writes. Using that statistic, CIS ...

British MPs prod own pension fund

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
... members of parliament have backed a call to offload any fossil fuel investments held in the Parliamentary Contributory Pension Fund. More than 240 serving and former MPs have signed the 'Divest Parliament' pledge, calling on the fund's trustees to phase ...