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Showing 251 - 260 of 407 results for "defined benefit"

Industry funds and corporates must talk more: Sherry

JAMES FERNYHOUGH  |  TUESDAY, 22 OCT 2013
... defined contribution now, so the role of trustees is much more important in defined contribution than the old DB [defined benefit] because at the end of the day, in DB the employer meets the promise, in DC the trustees are responsible." Increased prudential ...

DB schemes decline post-GFC

JAMES FERNYHOUGH  |  TUESDAY, 17 SEP 2013
Uncertainty in the wake of the global financial crisis has accelerated the move away from defined benefit (DB) retirement schemes, and towards defined contribution (DC) schemes, according the 2013 Create survey. The survey, which included responses ...

Australian pension fund growth outstrips global average

MARK SMITH  |  MONDAY, 9 SEP 2013
... (161), Cbus (167), ESSSuper (194), Super SA (235), GESB (247) and Telstra Super (274). According to the research, defined benefit (DB) funds account for 69% of total assets, down from 75% five years ago. During 2012, DB assets grew by almost 8% (1% in ...

Strong returns put UniSuper back in the black

ALEX DUNNIN  |  TUESDAY, 6 AUG 2013
... need to consider reducing members' benefits to maintain the fund's solvency. The trustee is writing to UniSuper defined benefit division members this week formally advising them of their decision. The move follows speculation last year that poor returns ...

Russell appoints Mercer COO to head insto business

MARK SMITH  |  TUESDAY, 16 JUL 2013
... business in May. "Russell is focused on driving relationships with local insurance companies, industry funds, defined benefit funds, non-profits and corporate funds - helping them provide tailored solutions for members in the current challenging market ...

Labor completes super agenda with passage of four bills

JAMES FERNYHOUGH  |  TUESDAY, 25 JUN 2013
The federal government's superannuation reform agenda is complete following the passage of four bills through the Senate last night. Included in the new laws (listed below) was an increase in concessional contribution caps to $35,000 for people over ...

Russell appoints three to actuarial team

MARK SMITH  |  TUESDAY, 25 JUN 2013
... Buttler, with 30 years' superannuation and actuarial experience, will focus on actuarial consulting to large complex defined benefit funds. He was previously a senior consultant at Rice Warner and prior to that an associate director at Deloitte. O'Halloran ...

Investment strategy differences derail super merger talks

JAMES FERNYHOUGH  |  WEDNESDAY, 5 JUN 2013
... really were," he said. "We hadn't even signed a memorandum of understanding." Dundon said that Vision Super's defined benefit shortfall - originally amounting to $453 million - was not an issue in the decision not to merge, as the shortfall was quarantined ...

Plans to close large UK defined benefit angers members

MARK SMITH  |  THURSDAY, 2 MAY 2013
... contribution pension, where payments are not guaranteed and depend on the performance of the underlying fund. Defined benefit schemes are becoming increasingly rare in the UK and other markets as companies are facing up to the realities of increased ...

MySuper draft regs released for consultation

ALEX DUNNIN  |  WEDNESDAY, 1 MAY 2013
... that are transferred from foreign superannuation funds and details of the circumstances in which a person in a defined benefit scheme will be excluded from certain MySuper requirements.