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Showing 1361 - 1370 of 3210 results for "Scheme"

Pension fund acquires telco

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
The Universities Superannuation Scheme, a UK pension scheme with over £50 billion under management, is acquiring a large telecommunications company. KCOM has agreed to a £504 million cash takeover that would see the Universities Superannuation Scheme ...

AFCA changes could impact PI cover cost: FPA

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
... to the cost of PI cover. Under the proposed rule, AFCA's jurisdiction will be expanded, allowing the dispute resolution scheme to visit eligible conduct complaints dating back to 1 January 2008. The FPA said it supports the intent of the change, noting ...

State Street appoints international chief executive

KANIKA SOOD  |  MONDAY, 15 APR 2019
State Street has hired Citigroup's Asia chief executive as the new chief executive of its international business. Francisco Aristeguieta will be responsible for the company's business outside of US including strategy, client engagement, talent, growth ...

Superannuation Guarantee continues to fail employees: Report

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... fund and public sector leader Jo-Anne Bloch said the report highlighted major problems with the compulsory superannuation scheme that fails to keep pace with the changing workplace and legislation requiring employers to pay workers their legal entitlements. ...

Ironbark, Zurich shutter funds

KANIKA SOOD  |  FRIDAY, 5 APR 2019
... savings and investments Matthew Drennan said. The board has suspended withdrawals from the Zurich Investments equity income scheme which had $158 million at January end. It expects the wind up to be complete by 30 July, which will include returning a ...

Superannuation funds flag $113bn merger

KARREN VERGARA  |  THURSDAY, 4 APR 2019
Two superannuation funds are exploring a potential merger that would create a $113 billion fund with 1.1 million members. VicSuper and First State Super announced they have signed a non-binding memorandum of understanding, scouting the benefits of a ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... modifications to the new arrangements. MySuper products, margin lending facilities, securities issued under an employee share scheme and fully-paid ordinary shares are exempt from the new regime. The Financial System Inquiry first recognised shortcomings ...

Ageing population poses budget threat

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... effect is greater than the projected cost in that same year for any one of Medicare, the National Disability Insurance Scheme, Commonwealth funding for schools and hospitals, Family Tax Benefit or the Disability Support Pension - all of which are amongst ...

Consumers don't understand fee disclosure: ISA

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
Proposed changes to superannuation fee disclosures are still too confusing for consumers, warns Industry Super Australia. Industry Super Australia (ISA) has provided input on the proposed changes to Regulatory Guide 97, saying the proposals don't go ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... about. However, chief executive Dante De Gori said the need still remains for a Low Income Superannuation Contribution Scheme. "Australians on lower incomes continue to find it hard to save for their retirement," De Gori said. "We would have liked to ...