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Showing 281 - 290 of 407 results for "defined benefit"

Longevity forcing industry to adapt to thrive

BEN COLLINS  |  TUESDAY, 1 MAY 2012
... retire, after that, everyone realises that we need to do more work," said Howe. "A lot of techniques we use in defined benefit schemes can be used in defined contribution funds. "If you retire for thirty years, you will experience two or three downturns," ...

ACT super account takes $450m GFC hit

ALEX DUNNIN  |  FRIDAY, 13 APR 2012
... MYFEO statement. While the accounting losses are significant they proportionally match similar experiences of defined benefit funds around the country that have all experienced declining funding provision levels, due to poor capital market returns that ...

GM shuts down DB fund

ALEX DUNNIN  |  THURSDAY, 16 FEB 2012
General Motors has bowed to the inevitable and announced it will shut its defined benefit pension fund and move salaried employees into the company's accumulation 401(k) scheme, citing balance sheet risk. The car manufacturing world heavy weight got ...

UniSuper confirms working group

MELANIE TIMBRELL  |  MONDAY, 13 FEB 2012
UniSuper has confirmed it will establish a working group to review the defined benefit funding issues raised last year. The announcement follows a meeting held last Thursday between the UniSuper board, the National Tertiary Education Union (NTEU), the ...

Target setting works for super funds

ELISE BURGESS  |  TUESDAY, 24 JAN 2012
... funds according to new research from bond fund manager PIMCO, which assessed strategies used by not for profit defined benefit and defined contribution default fund options. The research paper, Defined Contribution Funds: Target setting can pay off ...

NTEU wants changes at UniSuper trustee company

ALEX DUNNIN  |  FRIDAY, 16 DEC 2011
... stakeholders to ensure changes to the UniSuper trust deed in 2006 do not reduce benefits to members of the UniSuper defined benefit division. They will also propose diversifying the share ownership structure of the UniSuper trustee company to reduce ...

UniSuper responds to criticism

ALEX DUNNIN  |  WEDNESDAY, 14 DEC 2011
... 7.30 news program last night ran a report on the $27 billion university and research sector fund, alleging the defined benefit fund is running short of assets and is at risk of possibly not being able to pay future anticipated benefits. Prompting the ...

Australia's retirement system the most sustainable in the world

RACHEL DAVIS  |  MONDAY, 14 NOV 2011
... coverage of the pension system is still a challenge. "Pay-as-you-go systems are moving towards funded systems, defined benefit towards defined contribution systems, and family support structures towards more formalised public systems," said Towell. "These ...

Adviser hiring blitz at Macquarie Private Wealth

ELISE BURGESS  |  THURSDAY, 10 NOV 2011
... self-managed super funds. The Canberra team has expanded by five new advisers with Paschal Leahy and Luke Furner for defined benefit superannuation recipients, Hena Power and Penny Ponder who will focus on portfolio management and self-managed super ...

European DC Pension market to hit A$3.7tr by 2015

ALEX DUNNIN  |  THURSDAY, 10 NOV 2011
... the sector, research group Cerulli said that while the European retirement savings market is still dominated by defined benefit plans, defined contribution assets are "stickier" and are growing faster. Making these of special interest to money managers ...