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

Search Results

Showing 1 - 10 of 393 results for "defined benefit"

Super tax requires a 'holistic' review: ASA

MATTHEW WAI  |  FRIDAY, 13 JUN 2025
... capital gains tax on those same assets may still be owed by the estate." Waterhouse also raised concerns over defined benefit pensions, which are assessed using formulas rather than actual account balances, meaning many public sector employees and politicians ...

MP says Coalition will 'fight to the death' over $3m super tax

MATTHEW WAI  |  WEDNESDAY, 4 JUN 2025
... month, Liberal Senator Andrew Bragg condemned the bill, claiming that it won't impact politicians with specific defined benefit schemes that pre-date 2004; Chalmers subsequently confirmed that all politicians will be subject to the tax. Other industry ...

UK treasury provides guidance on local pension consolidation

MATT TOLEDO  |  FRIDAY, 30 MAY 2025
... plan to reach $52 billion (£25bn) AUM by 2035. In addition, the Treasury issued its response to the options for defined benefit schemes consultation, which outlines how the more than $335 billion (£160bn) in surplus assets in UK defined benefit plans ...

Chalmers and Bragg spar over $3m super tax

JAMIE WILLIAMSON  |  TUESDAY, 20 MAY 2025
... copped heat from Chalmers over his claims that the Division 296 tax changes won't impact politicians with specific defined benefit arrangements that pre-date 2004. Chalmers has maintained that politicians, no matter whether they're members of the Parliamentary ...

Corporate fund selects Mercer Super for SFT

JAMIE WILLIAMSON  |  TUESDAY, 22 APR 2025
... accounts, about 720 of which are active. The median account balance is about $200,000. The fund was also home to 32 defined benefit members with a lifetime pension entitlement. They have all already been transferred to the Challenger Retirement Fund. ...

Hostplus limits investment options

ELIZA BAVIN  |  FRIDAY, 11 APR 2025
... options: the Australian shares, international shares, and growth options. Additionally, changes will be made to the defined benefit reserve investment strategy, switching from bespoke investments to the Conservative Balanced investment option. "[The ...

Apex wins $7bn super admin mandate

KARREN VERGARA  |  FRIDAY, 4 APR 2025
Apex Group has won a mandate to administer Diversa Trustees' $7 billion master trust business. Diversa will use Apex Superannuation going forward, part of which means utilising Iress' Acurity platform. Iress offloaded its superannuation business to ...

State Super: In decline but doing fine

ANDREW MCKEAN  |  FRIDAY, 21 MAR 2025
State Super closed its main defined benefit schemes in 1985 and 1992, meaning the fund is on a long slow march to completion. Its chief executive John Livanas unpacks the challenges of managing a fund with no new members and an inevitable end. State ...

Super moves: Qantas Super, VFMC, AusSuper

ELIZABETH FRY  |  THURSDAY, 27 FEB 2025
... Qantas Super's head of defensive assets. In that role, he looked after the defensive asset portfolio and the defined benefit investment strategy and oversaw investment implementation and currency. Grogan has been with the superannuation fund for ...

Challenger profits up, share price falls

ANDREW MCKEAN  |  TUESDAY, 18 FEB 2025
... relationships across the firm's sales channels, including with institutional clients, securing new lifetime annuity and defined benefit opportunities in the half. Regarding funds management, Hamilton said the division continued to demonstrate the value ...
PREVIOUS
NEXT