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Showing 1 - 10 of 12 results for %22Employee Retirement Income Security Act%22

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... time as wages. ISA said moving super payments to align with wages could give millions of Australians $50,000 more at retirement and drastically curb Australia's "unpaid super scourge" which has cost workers $33 billion over the last seven years. ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
... General Sean Reyes are leading the suit, which alleges that the rules change violates the Employee Retirement Income Security Act of 1974 (ERISA) Administrative Procedure Act, and that the rule departs from policy put in place by the previous Trump administration ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... does not apply to public pension plans, because their governance falls outside of the Employee Retirement Income Security Act (ERISA). Some US states led by GOP politicians have rallied behind the anti-ESG/anti-woke capitalism movement by constraining ...

The future of defined contribution asset allocation

ANDREW MCKEAN  |  MONDAY, 7 NOV 2022
... other for savers, innovation is encouraged. Without encumbering US regulations like the Employee Retirement Income Security Act (ERISA) that holds the executive leadership of 401(k) sponsoring companies personally liable for fiduciary compliance, super ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... law firms, alleges that the firm's 401(k) pension plan breached its duties under the Employee Retirement Income Security Act, such as its obligation to ensure expenses incurred are fair and reasonable. All the investments and asset allocations of ...

Good quarter but bad year for US instos

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... three months to June but year-to return date segments stand at -3.8%. Corporate ERISA [Employee Retirement Income Security Act] pension plans returned 10.55% at the median in June quarter. Median ERISA pension plan had 37% of its total assets in US fixed ...

US considers restricting ESG in pensions

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JUL 2020
... for ethical and responsible investing limited. The DOL has proposed an amendment to the Employee Retirement Income Security Act 1974 (ERISA) "to confirm that ERISA requires plan fiduciaries to select investments and investment courses of action based ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... consider employees' best interests when deciding on a default super fund, their decisions can significantly impact their retirement income and potentially affect their future financial security. "ASIC is concerned because employees who are not engaged ...

Financial literacy the bridge for income protection gap

JAMIE WILLIAMSON  |  FRIDAY, 17 NOV 2017
... reinforcing combination of formal learning and guided practice," it said. As such, the report recommends the introduction of employee financial education programs comprising two elements; formal instruction that is followed up with tangible, beneficial ...

Budget reply speech 2014 -15: Bill Shorten

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