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Showing 171 - 180 of 413 results for "Defined benefit"

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
... incurred an administration error. It is understood the admin error affected about 30 members from a legacy ExxonMobil defined benefit scheme. MLC did not disclose if the incorrect figures overpaid or underpaid members. A spokesperson said the error was ...

Super fund slashes fees, switches administrator

KARREN VERGARA  |  WEDNESDAY, 21 NOV 2018
... several changes that took effect from 1 October 2018 affecting its superannuation, pension, retirement scheme and defined benefit members. This included Mercer Australia taking over as administrator from Link Group as of this date. EISS said it was able ...

Super fund apologises for admin error

KARREN VERGARA  |  MONDAY, 19 NOV 2018
... error affecting 346 of its members. Following QSuper's investigation of more than 226,000 current and former defined benefit accounts, it was found that 246 members were underpaid super, while 100 members were paid more than they should have. In ...

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... market-linked pensions that commence as the result of a successor fund transfer will continue to be treated as a capped defined benefit under the transfer balance cap, he added. Finally, Robert said he aims to change the law to make sure death benefits ...

WTW launches ESG index strategy

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
... investors retain the ability to proactively engage with individual companies to drive change, WTW said. Several defined benefit and defined contribution clients have committed more than GBP500 million ($900m) of capital to the new strategy. WTW head ...

CCIV draws mixed reception: Research

KARREN VERGARA  |  THURSDAY, 23 AUG 2018
... as a challenge in successfully launching cross-border products. In terms of product distribution, institutional defined benefit pension schemes are the main target segments for 90% of asset managers. "Whether it is alternative investments, UCITS or cross-border ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
... investment and administration fees reflect the high prevalence of SMSFs and defined contribution (as opposed to defined benefit) plans, as well as a relatively large number of smaller funds with higher average costs.

Software provider wins European asset management mandate

HARRISON WORLEY  |  MONDAY, 25 JUN 2018
... to Sonata for its Australian and New Zealand clients. According to Bravura the enhancements include support for defined benefit superannuation, group life insurance and the introduction of multi-currency. Additionally, the release included legislative ...

Industry fund adds directors

JAMIE WILLIAMSON  |  WEDNESDAY, 6 JUN 2018
... Super. She was responsible for $8 billion in defined contribution assets following the transfer of $35 billion in defined benefit assets to TCorp in 2015. Davy-Whyte joins the board with a particular focus on advancing the super fund's digital marketing ...

OneVue appoints new Super Services COO from KPMG

ALEX BURKE  |  FRIDAY, 4 MAY 2018
OneVue's funds administration arm is welcoming a new chief operating officer. Melissa Gomes joins OneVue from KPMG, where she was associate director of superannuation advisory risk consulting. Prior to that, she held three roles at the Harwood Superannuation ...