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Showing 281 - 290 of 791 results for "Pensions"

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
While IOOF remains confident it will be successful in acquiring ANZ's pensions and investments business, Morningstar is not convinced. Despite yesterday's news of amendments to the contract of sale agreed between IOOF and ANZ, the research house said ...

Poor equities performance sees MySuper suffer

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... median return seen was 0.8%. Finally, the top five retirement products were NGS Income Stream, First Super Allocated Pensions, Equip Pensions, Club Plus Pension and Statewide Super Pension. The overall median return for retirement products in the timeframe ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
The sale of ANZ's pensions and investments business may take longer than anticipated with contracts now amended following APRA's regulatory action against IOOF. Providing a further update on the sale, ANZ said it has agreed an amendment with ...

Curtain call for industry body after 96 years

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
... death in the family." Ignored and rejected SCOA has pushed for fairer measures around the indexation and taxation of pensions received by former government employees. SCOA does not believe the pensions received under the CSS and PSS are fairly indexed ...

Government needs to rethink CIPRs

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... asked all superannuation funds to offer a new, hybrid retirement product that goes beyond the standard account-based pensions. CIPRs need to provide retiring members access to capital while managing the risk that they might outlive their ABP balances. ...

CRO departs corporate super fund

HARRISON WORLEY  |  THURSDAY, 20 DEC 2018
... stakeholders. "Owen brings 20 years of international experience in risk management and regulatory roles in the superannuation, pensions and insurance industries," O'Brien said. "With trust central to our success, Owen's experience will be integral ...

IOOF appoints acting chief executive, chair

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
... agreed initiatives. Many of these actions are already complete." Those initiatives include the acquisition of ANZ's pensions and investments business, as agreed in October 2017. ANZ said it is seeking urgent information from IOOF and APRA while also ...

New mortality study adds to retirement conversation

KANIKA SOOD  |  FRIDAY, 7 DEC 2018
... of Australian data covering retirement income products because of an historic focus on products such as Account-Based Pensions, where there is no longevity protection. That poses difficulties in making assumptions about what will deliver the greatest ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... pension and investments business. In October IOOF said it had finalised the "substantial economic completion" of the pensions and investments business. But in an announcement to the ASX shortly after the news broke, ANZ's deputy chief executive Alexis ...

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... aiming to ensure superannuation remains fair and effective. The first is fixing an error in the way that market-linked pensions are valued under the transfer balance cap when they are commuted or rolled over, resulting in a nil debit. He said: "This ...