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Showing 121 - 130 of 176 results for "Defined contribution"

Industry funds and corporates must talk more: Sherry

JAMES FERNYHOUGH  |  TUESDAY, 22 OCT 2013
... superannuation sector has grown enormously - $150 billion 20 years ago to $1.62 trillion today. It is overwhelmingly defined contribution now, so the role of trustees is much more important in defined contribution than the old DB [defined benefit] because ...

DB schemes decline post-GFC

JAMES FERNYHOUGH  |  TUESDAY, 17 SEP 2013
... financial crisis has accelerated the move away from defined benefit (DB) retirement schemes, and towards defined contribution (DC) schemes, according the 2013 Create survey. The survey, which included responses from 700 funds in 29 countries, found that ...

Australian pension fund growth outstrips global average

MARK SMITH  |  MONDAY, 9 SEP 2013
... down from 75% five years ago. During 2012, DB assets grew by almost 8% (1% in 2011) compared to over 12% for defined contribution assets (DC) (6% in 2011), while reserve funds grew by almost 18% (1% in 2011). "The rise in pension assets in 2012 was a ...

Retirement objective is income not performance

ALEX DUNNIN  |  THURSDAY, 16 MAY 2013
... pre-retirement purchasing power? Reinforcing this, Stacy Schaus, PIMCO executive vice president in their US Defined Contribution Practice who was in Australia this week to lead a PIMCO retirement incomes roundtable, said, "investment performance is often ...

CommInsure improves coverage for RBF members

LAURA MILLAN  |  FRIDAY, 3 MAY 2013
... changes to existing death, total permanent disability (TPD) and income protection products for members of RBF's defined contribution scheme, the RBF Tasmanian Accumulation Scheme. The product upgrade provides greater choice to members and will assist ...

Plans to close large UK defined benefit angers members

MARK SMITH  |  THURSDAY, 2 MAY 2013
... existing members. The company told staff it planned to move 2,300 employees currently in the scheme to a defined contribution pension, where payments are not guaranteed and depend on the performance of the underlying fund. Defined benefit schemes are ...

Australia becomes fourth largest pension pool

BEN COLLINS  |  MONDAY, 4 FEB 2013
... totaling US$1.6 trillion, Towers Watson said. Australia remains the country with the highest proportion of defined contribution (DC) assets relative to defined benefit (DB) assets at 81%, followed by the United States with 58%. There is, however, an ...

Lifecycle not the answer: Rice Warner

BEN COLLINS  |  TUESDAY, 27 NOV 2012
... the problems with Lifecycle funds are real, the benefits are also not understood, Graeme Mather, Mercer's defined contribution consulting leader recently told Financial Standard. Earlier this month Mercer executives spoke to members of the Funds Executives ...

Don't ignore Lifecycle Funds: Mercer

BEN COLLINS  |  TUESDAY, 13 NOV 2012
... under MySuper, said Mercer. Many people can't even tell you what a Lifecycle Fund is, Graeme Mather, Mercer's defined contribution consulting leader told Financial Standard. While many dismissed Lifecycle products after a slow uptake when they were offered ...

Active membership in UK occupational pensions waning

MARK STORY  |  THURSDAY, 20 SEP 2012
... 1991 and 8.1 million at the peak (in 1967). In the private sector there is a mixture of defined benefit and defined contribution schemes, but in the public sector all occupational pension schemes are defined benefit. The decline in the number of active ...