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Showing 211 - 220 of 407 results for "Defined benefit"

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. ...

Public sector retirees still seek answers

DARREN SNYDER  |  TUESDAY, 17 MAY 2016
... retirees is waiting on the federal government to release figures about Australians affected by the new 10% cap on defined benefit income that is excluded from the pension income test. The Australian Council of Public Sector Retiree Organisations (ACPSRO) ...

Reforms aimed at supporting women

KERRIE SYDEE  |  TUESDAY, 3 MAY 2016
... superannuation balances with those who do not take breaks from the workforce. The measure will also apply to members of defined benefit schemes and is estimated to have a cost to revenue of $350 million over the forward estimates period. The low income ...

Super funds encouraged to collect indigenous data

DARREN SNYDER  |  TUESDAY, 29 MAR 2016
... next three years. One community member at the inaugural Big Koori Super Day Out in Redfern found $750,000 in a defined benefit account he never knew existed.

Tail risk hedging works for industry fund

DARREN SNYDER  |  MONDAY, 29 FEB 2016
Vision Super has reassured local councils the $7.5 billion fund has protected its defined benefit (DB) members from share market downturns thanks to a tail risk hedging strategy. Vision Super chief investment officer Michael Wyrsch said management of ...

Industry fund flags DB issues in Fraser review

DARREN SNYDER  |  WEDNESDAY, 10 FEB 2016
... superannuation fund has used the Fraser Review on governance to flag its concerns about the administration of defined benefit schemes. Vision Super, a $7.5 billion fund for local government and water authority employees, said any move to mandate independent ...

Pensioners want DB decision reversed

DARREN SNYDER  |  TUESDAY, 2 FEB 2016
The Combined Pensioners and Superannuants Association (CPSA) has launched a campaign for defined benefit pensioners who received a shock in their first 2016 Age Pension payment. On behalf of DB pensioners CPSA is proposing to write to federal Treasurer ...

Public sector retirees angry over income exemption cuts

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
Tens of thousands of public sector pensioners are learning the scale of changes to their defined benefit schemes that sees cuts to exemptions for the Centrelink pension income test. In June last year the federal parliament introduced a 10% cap on defined ...

FEATURE: The circle of life

DARREN SNYDER  |  MONDAY, 9 NOV 2015
... still in their infancy but are generating a lot of interest. Finally, he added target income funds run like a defined benefit fund in that there is a liability benchmark. "Again these funds are in their infancy and hold a lot of promise," Rajan said. ...