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Showing 1381 - 1390 of 3876 results for "Pension"

Poor equities performance sees MySuper suffer

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... Finally, the top five retirement products were NGS Income Stream, First Super Allocated Pensions, Equip Pensions, Club Plus Pension and Statewide Super Pension. The overall median return for retirement products in the timeframe was 1.5%.

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
The sale of ANZ's pensions and investments business may take longer than anticipated with contracts now amended following APRA's regulatory action against IOOF. Providing a further update on the sale, ANZ said it has agreed an amendment with ...

Curtain call for industry body after 96 years

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
... namely former public servants in receipt of a Commonwealth Superannuation Scheme or Public Sector Superannuation Scheme pension. The two pension schemes were closed to new members in the early 1990s, and many of the association's 6000-plus members ...

California mandates gender board diversity

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... Eastman says the move is significant for global asset owners. Other investors may follow the lead of Japan's Government Pension Investment Fund (GPIF) and CalPERS that have taken the lead in the area of gender board diversity, she said. As of 27 November ...

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... markedly affect a person's future wellbeing - sometimes irreversibly so - and can affect the Government's Age Pension liabilities." The Commission also said trustees do not always want to offer these products, and forcing them to do so may conflict ...

Pension fund giant mandates Fidelity

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
The $2 trillion Japanese pension fund has appointed Fidelity's asset management arm to manage passive domestic equities. The Government Pension Investment Fund (GPIF) appointed FIL Investments Japan and Resona Bank on December 26. Both will manage ...

CRO departs corporate super fund

HARRISON WORLEY  |  THURSDAY, 20 DEC 2018
The chief risk officer at Australia's largest corporate superannuation fund will link with Equity Trustees in the New Year. Owen Brailsford will join Equity Trustees in February 2019 as the firm's chief risk officer. He is leaving his post at ...

Retirement income covenant consultation continues

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... Treasurer Stuart Robert said in October the deadline to provide income in retirement as a substitute or supplement to the Age Pension in the form of Comprehensive Income Products for Retirement (CIPRs) has been delayed from originally planned. Trustees ...

IOOF appoints acting chief executive, chair

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
IOOF has appointed an acting chief executive and an acting chair, with Chris Kelaher and George Venardos under scrutiny. According to a statement, managing director Kelaher and chair Venardos have agreed to step aside while they await the outcome of ...

New mortality study adds to retirement conversation

KANIKA SOOD  |  FRIDAY, 7 DEC 2018
Actuaries have calculated mortality rates among Australians who use annuities. It is research they hope will help develop retirement income products including CIPRs. The Actuaries Institute and Rice Warner used UK mortality data on annuitants to calculate ...