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Showing 161 - 170 of 413 results for "Defined benefit"

Final farewell for industry association

JAMIE WILLIAMSON  |  FRIDAY, 7 JUN 2019
... 1923 as a coalition of state bodies representing the interests of former public sector employees in receipt of a defined benefit pension as part of the now-closed Commonwealth Superannuation Scheme and Public Sector Superannuation schemes. In recent ...

Passing Protecting Your Super costs should be fair: APRA

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
... whole of life and endowment products are also subject to the fee cap. APRA confirmed all products that are not defined benefit interests are subject to the fee cap. If trustees fail to have the right fee-cap structure in place by 1 July 2019, they should ...

Life expectancy declining: KPMG

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2019
... when in fact it has contracted for the fourth consecutive year. After analysing the mortality of UK retirees on defined benefit plans, the KPMG 2019 Pensions Accounting Survey found median life expectancy has fallen by 0.2 years for current pensioners ...

Superannuation funds flag $113bn merger

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... 770,000 members. Rainmaker executive director of research and compliance Alex Dunnin said the state of Victoria's defined benefit superannuation obligation (via its association of the Emergency Services and State Super schemes) hit $43.7 billion in 2 ...

Up close and personal: Women in financial services

JAMIE WILLIAMSON  |  FRIDAY, 8 MAR 2019
... his life. Exactly how much, he didn't know. After volunteers identified him as a public servant under an old defined benefit scheme, they traced $750,000 to his name and an outpouring of emotions erupts. Seeing lives change, Amanda Young says, is ...

Government consults on super legislation

HARRISON WORLEY  |  TUESDAY, 5 MAR 2019
... fund. Alongside the legislative amendments the Government has proposed draft regulations to fix the valuation of defined benefit pensions under the transfer balance cap to reflect when pensions are permanently reduced following an initial higher payment. ...

State Super appoints CIO

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... investment portfolios through market cycles. He also has a deep understanding of investment markets and actuarial and defined benefit issues, Livanas said. "I am also confident that Gary will integrate well in our culture, ensuring State Super continues ...

Corporates can help solve retirement issue: BlackRock

JAMIE WILLIAMSON  |  FRIDAY, 18 JAN 2019
... countries, employers had a responsibility to help workers navigate retirement but that changed with the shift from defined benefit to defined contribution plans, Fink said. "Nearly all countries are confronting greater longevity and how to pay for it. ...

Equip wins $190m superannuation mandate

KARREN VERGARA  |  MONDAY, 14 JAN 2019
... Qantas Super fund members. Global air services provider dnata will move 1100 employees, some of which are under a defined benefit scheme, to Equipsuper. It follows the provider acquiring Qantas' catering business in April 2018. Dubai-based dnata ...

Member outreach boosts post-merger integration

KARREN VERGARA  |  TUESDAY, 1 JAN 2019
... member trust, and then asked about returns, he added. Equip transitioned a cohort of Rio Tinto members under a defined benefit scheme in the merger. It's an area of specialisation and a process that requires proper actuarial work to ensure complete ...