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Showing 281 - 290 of 3867 results for "Pension"

Canadian pension fund names new CIO

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
Canada's Public Sector Pension Investment Board named a new investment chief of PSP investments and a new head of the pension fund's private markets subsidiary. Patrick Charbonneau has been appointed chief investment officer of PSP Investments. ...

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
... Chow explained the increased TBC creates several advice opportunities for clients who are yet to start a retirement phase pension, have not yet exhausted their cap and wish to transfer more into the retirement phase, or receive a transition to retirement ...

How much is needed to maintain your standard of living in retirement?

ANDREW MCKEAN  |  FRIDAY, 24 JAN 2025
... "mid-level" - $1650 per fortnight or $43,000 per year - SCA said $310,00 in savings would be required until age 90; the Age Pension would typically cover 67% of retirement expenses. For single retirees planning to spend at a "high-level" - $2270 per ...

Bain Capital improves Insignia Financial bid

JAMIE WILLIAMSON  |  THURSDAY, 23 JAN 2025
... business saw an increase in its funds under administration (FUA) of $1.5 billion, offset by net outflows of $665 million and pension payments of $319 million. The advised channel continued to see outflows, this time of $424 million - however, this is ...

Natixis, Generali merger creates $3.2tn fund manager

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
... is allocated in fixed income (65%). The rest is in equities (21%), and private markets and others (14%). Insurers and pension funds hold 61% of AUM, while institutional investors have 14% and retail and wholesale clients represent 25%. The new entity ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... Norway," he said. "Superannuation tax concessions are designed to encourage people to save and reduce dependency on the Age Pension, they are not designed to be used by the very wealthiest in society to avoid paying tax." The Better Targeted Superannuation ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... regulators. ASIC suing Cbus for poor member claims experience and the 70% decline in Link Group's (which is now MUFG Pension & Market Services) share price are just some examples prompting superannuation funds to reassess their relationships with ...

Grattan Institute renews calls for best-in-show super funds, partial annuitisation

KARREN VERGARA  |  MONDAY, 20 JAN 2025
The Grattan Institute is urging the government to mandate the partial annuitisation of Australians' superannuation and implement the 'best-in-show' list of funds to help simplify a "complex" system and allow retirees to spend their savings ...

APG to invest exclusively for ABP

ANDREW MCKEAN  |  FRIDAY, 17 JAN 2025
APG, the Netherlands' largest pension asset manager, will exclusively manage investments for ABP, the country's largest pension fund, starting around 2030. ABP, which owns 92% of APG, said the move aligns with its goal of achieving maximum investment ...

Former AIA executive finds new gig

ELIZABETH FRY  |  THURSDAY, 16 JAN 2025
... focuses solely on investments, insurance and reinsurance markets. It works with insurers, reinsurers, fund managers and pension funds, banks and brokers to shape strategy, implement change and manage performance.