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Showing 161 - 170 of 365 results for "defined benefit"

UK corporate pension deficit swells

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
... billion ($87 billion) in August, the increase on record. According to data from Mercer, the accounting deficit of defined benefit pension schemes for FTSE 350 companies stood at £189 billion ($330 billion) on August 31, compared to £139 billion ($243 ...

PROFILE: Qantas Super chief executive Michael Clancy

DARREN SNYDER  |  FRIDAY, 12 AUG 2016
... are not a lot of [aviation] employers in Australia," Clancy says. "Many Qantas Super members are still in the defined benefit scheme so what we have is a membership where many people will have healthy superannuation balances by the time they approach ...

Equip CIO departs following restructure

MARK SMITH  |  WEDNESDAY, 20 JUL 2016
... liability-driven approach to investments believing that it will enhance returns to members over the long term and help defined benefit employers manage their investment risk, particularly in schemes with aging demographics. Equip manages assets of over ...

Super fund CEO not seeking reappointment

DARREN SNYDER  |  MONDAY, 18 JUL 2016
... public sector employees. The fund's operational scope includes investment management and administration of its defined benefit, accumulation and retirement schemes.

Defined benefit deficit at $182bn

ALEX DUNNIN  |  WEDNESDAY, 6 JUL 2016
Total defined benefit (DB) super liabilities across Australia stood at $340 billion, according to APRA figures. But this amount is backed by only $158 billion in net assets - amounting to a deficit of $182 billion. The announcement by the Queensland ...

LGIAsuper and Bravura extend partnership

DARREN SNYDER  |  MONDAY, 4 JUL 2016
... said. The LGIAsuper Sonata implementation project will commence later this year for both defined contribution and defined benefit plans.

Queensland super funds become public offer

DARREN SNYDER  |  MONDAY, 20 JUN 2016
... legislative move follows the Queensland government announcing plans to redirect $4 billion from a surplus in its Defined Benefit Superannuation Scheme to fund infrastructure and other spending. Pitt added the new legislation "will introduce changes to ...

QSuper calms super raid fears

DARREN SNYDER  |  WEDNESDAY, 15 JUN 2016
... sits in a voluntary reserve which was set up and supported by successive governments to meet the government's Defined Benefit [superannuation] liabilities," Pennisi said. He and Treasurer Curtis Pitt made it clear yesterday that Queensland is the only ...

Well over $3m in super savings needed

KERRIE SYDEE  |  FRIDAY, 10 JUN 2016
The $1.6 million superannuation savings cap should be at least doubled, according to the SMSF Owners' Alliance and research from former head of the school of economics at the University of New South Wales, Ron Bewley. The research concluded that "around ...

MFSIM execs use $143.5m in client money to repay debts

KERRIE SYDEE  |  TUESDAY, 24 MAY 2016
... "In instances where advice is provided to consumers to switch from existing superannuation products, especially defined benefit style funds, the adviser must ensure all necessary investigation of both the existing and recommended products has been undertaken. ...