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Showing 1311 - 1320 of 3876 results for "Pension"

Sunsuper, corporate super fund merge

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2019
... 1.5%. The average market return was about 0.5% for the same period. Under the merger, the existing account balances of pension members have transferred to a Sunsuper for life income account. Meanwhile, the existing balances of accumulation members were ...

Labor policies boost superannuation agenda

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... super on paid parental leave and considering targeted government contributions for low-income earners; Keeping the Age Pension qualifying age or superannuation preservation age as is; Implementing a robust industrial-based default fund selection process ...

NZ$5 trillion investor group supports Christchurch Call

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
NZ Super's initiative to pressure social media companies and governments to eliminate terrorist content online has achieved a new milestone, reaching NZ$5 trillion in assets under management and throwing its weight behind a new movement. At a summit ...

Life expectancy declining: KPMG

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2019
... anticipating a "lost decade" of life expectancy improvements between 2009 and 2019. Mortality assumptions remain key for pension schemes, KPMG said, as continuing research and new approaches to scheme-specific mortality studies allow companies to better ...

Labor proposal targets low income earners: Association

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 MAY 2019
... franking credits should remain. Rice Warner executive director Michael Rice said: "The present value of the maximum Age Pension for a couple who retires at 65 today exceeds $800,000." He argues that, while most retirees will eventually become eligible ...

ANZ provides update on wealth sale

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... IOOF reduced from 14.4% per annum to 2% per annum as of May 11. ANZ agreed to transfer a partial economic interest of its pension and investments business and the legal ownership of its aligned dealer groups to IOOF in July last year. Under the agreement ...

Super funds grapple with PYSP deadline

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... Interaction between the ATO transfer and fee cap refund obligations; Applicability of the requirements to retirement or pension phase products; and Implementation of second-order impacts, such as increases in group life insurance premiums. These challenges ...

Pension fund giant cuts BHP

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
BHP Group is among several companies a $106 billion international pension fund has excluded from its investment universe as it aims to rid its portfolio of coal. Norway's Kommunal Landspensjonskasse (KLP) took the decision to divest almost $520,000 ...

Should super funds segregate pension assets?

KANIKA SOOD  |  TUESDAY, 7 MAY 2019
With 2.8 million super accounts slated to enter pension phase over the next decade, is it time superannuation funds follow QSuper's lead and start segregating their pension assets? That's a question a new research paper by Parametric managing ...

ANZ serious on cost cuts

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
ANZ's chief executive said his plans for a streamlined bank should save the company roughly $1 billion by 2022. ANZ chief executive Shayne Elliot said: "We will continue to simplify and strengthen the bank, including exiting, shrinking and closing non-core ...