Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 151 - 160 of 789 results for "Pensions"

Link vows to fight class action

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... legal action which we hope will allow investors of the Woodford Equity Income Fund to get justice and their hard-earned pensions and savings returned to them." Link Fund Solutions acted as the fund's authorised corporate director, overseeing it on behalf ...

CMC Markets buys ANZ Share Investing

ANNABELLE DICKSON  |  FRIDAY, 17 SEP 2021
... activities is not material," ANZ said in a statement. As a part of its simplification strategy, ANZ divested OnePath Pensions & Investments to IOOF last year for $850 million.

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
... financial advice. "During my tenure, the NSW government began to privatise the state's public electricity assets. The pensions which members had earned through their employment were at risk of becoming unfunded as a result of the privatisation. I ...

APAC pension funds fastest growing: Study

JAMIE WILLIAMSON  |  TUESDAY, 7 SEP 2021
... region clocking the largest rate of growth last year despite COVID-19. New research from the Thinking Ahead Institute and Pensions & Investments shows the assets under management of those world's top 300 pension funds grew by 11.5% to total US$21.7 trillion ...

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... David Knox says super funds won't be able to meet the Retirement Income Covenant's requirements via account-based pensions alone and will have to look at other solutions. The government's latest guidance on the Retirement Income Covenant ...

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
... MLC and $700.8 million from the wider IOOF business. This includes the first full 12 months of contribution from ANZ's Pensions and Investments business, and a month of MLC. Underlying NPAT was $147.8 million (up 19%). Reported net loss after tax of ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... including QSuper, Cbus, Sunsuper and BUSQ. Conversely, it wants disincentives (above a threshold) for retirees who take their pensions as a lump sum or leave them as a bequest. The paper supports some changes discussed in the Retirement Income Review ...

QSuper head moves to AMP

ANNABELLE DICKSON  |  MONDAY, 9 AUG 2021
... "AMP has resources and expertise across all areas of wealth management, including investments, super, SMSFs, banking, pensions and platforms. I'm excited to bring this unique breadth of capability together into market leading retirement offers for customers ...

UK pension funds commit to manager diversity

JAMIE WILLIAMSON  |  WEDNESDAY, 4 AUG 2021
... signatories, representing $2 trillion in assets under management. This includes Cornwall Pension Fund, The Church of England Pensions Board, Nest, Lothian Pension Fund and West Midlands Pension Fund. The creation of the working group and the charter ...

IOOF advice outflows soar

ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... million net inflows to $48.4 billion and investment management saw net inflows of $90 million to $23.5 billion. Elsewhere, pensions and investments saw $895 million in net outflows which IOOF said is broadly consistent with the outflow profile in previous ...