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Showing 131 - 140 of 410 results for "Defined Benefit"

Commonwealth Super names new chief

ELIZABETH MCARTHUR  |  FRIDAY, 5 JUN 2020
... service and Australian defence force. "I am really looking forward to working at CSC. It is responsible for both defined benefit and defined contribution super schemes, and there will be significant challenges in every aspect of managing a large complex ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... having 134 requests amounting to $700,000. A spokesperson for State Super (SAS Trustee Corporation) said that as a defined benefit fund it didn't have to participate in the COVID-19 early release payments. "Nevertheless, State Super voluntarily decided ...

UniSuper stares down job crisis

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
The industry superannuation fund for universities is the only defined benefit fund still open to new members in Australia, now it is grappling with how the sector has been decimated by COVID-19. The travel bans put in place around the world to curb ...

Industry fund reshuffles leadership

ELIZABETH MCARTHUR  |  TUESDAY, 12 MAY 2020
... cloud-based super and investments platform last year called OneTrust. OneTrust can manage a range of schemes, including defined benefit and defined contribution plans and features automated workflows.

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... errors, verification of mismatches between member information held by the fund and provided by the ATO. Members of defined benefit schemes applications require additional processing, APRA said. The funds that received the lowest number of applications ...

Industry fund swaps insurers

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... income protection from MLC to OnePath. The fund said costs for some members will go up. There are no changes for defined benefit members. "Since 1 July 2017, benefits paid to members have been increasing and over the last three years more benefits have ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... individual applies they will be presented with all open accounts that are not in retirement phase. This will include defined benefit accounts," the ATO said. "The ATO will process the application and notify the defined benefit fund. It is up to the defined ...

Tail-risk hedging pays off for super fund

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... recent market volatility amid the COVID-19 pandemic. Vision Super has had tail-risk protection in place for its defined benefit plan for a few years. Chief investment officer Michael Wyrsch told Financial Standard that the strategy paid off during recent ...

Is it time to lean on the Future Fund?

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... withdrawals, according to Oliver. "Future fund has a different mandate, for unfunded government liabilities across defined benefit schemes. It's not a superannuation fund but more like an offset fund for those unfunded liabilities. Bulk of people ...

Investment specialist joins sustainable fund manager

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... one year as a trustee director for the Towers Watson (Australian Staff) Superannuation Fund, which included both defined benefit and defined contribution sections. Prior to her tenure at Willis Towers Watson, O'Dea spent two and a half years with Frontier ...