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Showing 1351 - 1360 of 3876 results for "Pension"

UK pension funds to be hit hard over negligence

HARRISON WORLEY  |  WEDNESDAY, 13 MAR 2019
The UK Government wants to up the ante on pension fund bosses who endanger worker's retirement savings. Under a new proposal from the UK Government, bosses would face up to seven years in jail for endangering the retirement savings of their workers ...

Amendments to retirement income law assent

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... assessment of lifetime income streams is fair and reflects the value of the products. The amendments also expands access to the Pension Loans Schemes and increases the Work Bonus to $300 per fortnight, an also extends the Work Bonus to include income ...

Super fund chief executive to retire

KANIKA SOOD  |  MONDAY, 11 MAR 2019
The chief executive of one of Australia's largest corporate superannuation funds is retiring and the fund is hunting for a replacement. Doug Carmichael is slated to retire in June end after nine years of leading Commonwealth Bank Group Super. The ...

Interest in early access to super rises

JAMIE WILLIAMSON  |  MONDAY, 11 MAR 2019
... period, or used to commence a retirement income stream, which receives both a tax exemption on earnings, and has no maximum pension restriction." It may be more flexible and tax efficient than using a transition to retirement (TTR) pension, he added. ...

New retirement loan launches

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2019
... living expenses. Chief executive Joshua Funder said the loan combines a retiree's home equity, superannuation and Age Pension to provide adequate, reliable, lifelong retirement funding while the retiree continues to live at home. The loan can be used ...

Government launches TPB review

HARRISON WORLEY  |  WEDNESDAY, 6 MAR 2019
... Government would consult on a suite of changes to Australia's superannuation legislation. The changes would amend various pension related aspects of super legislation, including the way market-linked pensions are valued under the transfer balance when ...

WTW Australia asset consulting lead joins super fund

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2019
... Separately, in December 2018 GESB removed exit fees, family law fees and the establishment fee applied to its retirement income pension account. Each transaction fee was valued at $52.

Government consults on super legislation

HARRISON WORLEY  |  TUESDAY, 5 MAR 2019
... legislation have been opened for consultation. The Federal Government has released draft legislation amending various pension related aspects of super legislation for consultation. On Monday, Assistant Treasurer Stuart Robert said the proposed changes ...

Aussie fund manager opens New York office

KARREN VERGARA  |  MONDAY, 4 MAR 2019
... new appointment, Bingham commented Safranek has strong relationships with foundations, endowments, private and public pension plans, family offices, sovereigns and consultants. "This experience will hold her in good stead as she drives the overall growth ...

Colonial First State hires retail sales head

KANIKA SOOD  |  THURSDAY, 28 FEB 2019
... and as head of retail sales will lead the distribution of FirstChoice and FirstWrap." Colonial First State has two super/pension/managed investments platforms: FirstChoice ($90 billion) and FirstWrap ($30 billion in funds under advice). Quirk moves into ...