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Showing 221 - 230 of 3865 results for "Pension"

State insurer names new CIO as government review looms

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025
... fund designed to cover the costs of New Zealand's universal no-fault accident compensation scheme. So, unlike many pension funds focused solely on long-term growth, ACC must balance the need for returns with maintaining sufficient liquidity for ongoing ...

Prime Super calls time on sustainable option

JAMIE WILLIAMSON  |  THURSDAY, 15 MAY 2025
... about 500 of the fund's 146,000 members are invested in the option; most are in the accumulation phase, with less than 60 pension or TTR members. It accounts for only $33 million of Prime Super's total funds under management. Those still invested in ...

Panic selling of SMSF assets 'totally unnecessary'

ELIZA BAVIN  |  THURSDAY, 15 MAY 2025
... eliminate the 15% tax on assessable income for superannuants in accumulation phase - and have an even greater effect in pension phase, where income is not taxed at all." McDougall said this approach can improve the after-tax efficiency of a portfolio. ...

Prime Super to change admin fees

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
... (0.500% net after tax rebate) to 0.33% per annum, but the annual fee cap will increase from $588 ($500 net) to $825. For pension accounts, including transition to retirement and retirement products, the fixed fee will remain at $1.30 per week. The asset-based ...

BlackRock takes stake in Generation Life parent company

ANDREW MCKEAN  |  THURSDAY, 8 MAY 2025
BlackRock will acquire a minority stake in Generation Development Group (ASX: GDG), forming a strategic partnership with its retirement income subsidiary Generation Life to "set a new standard for managing longevity and sequencing risk." Joint working ...

Future Fund muscles past annual target return, lags in March quarter

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... the Future Fund operated under a commercial-first mandate, focused squarely on maximising returns to cover public sector pension liabilities - "a classic rainy-day fund." But under prime minister Anthony Albanese and treasurer Jim Chalmers, "that model ...

NZ Super recognised for two decades of outperformance

JAMIE WILLIAMSON  |  TUESDAY, 6 MAY 2025
... significantly outperformed its peers. Over the period, the average sovereign wealth fund returned 6.4% and the average pension fund return was 6.8%, but NZ Super Fund achieved an average annualised return of 10.03%. Over 10 years, it saw a 10.33% return ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR). The regulator cancelled ...

CFS allots Martin Currie two mandates

KARREN VERGARA  |  FRIDAY, 2 MAY 2025
... replacements with "the aim of improving investor outcomes". The FirstChoice Wholesale Investments, Wholesale Personal Super and Pension, Employer Super and Investments products offer the options. "There are no changes to the objective, strategy, risks ...

ART promotes high-profile retirement specialist

ELIZABETH FRY  |  THURSDAY, 1 MAY 2025
... strategy for default accumulation members and looked after the solvency management of the asset pool for the lifetime pension product. The investment professional and actuary has long represented ART as a global industry thought leader in retirement ...