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Showing 11 - 20 of 393 results for "Defined benefit"

FSCP orders adviser to undertake further education

KARREN VERGARA  |  WEDNESDAY, 5 FEB 2025
... by about $15,000. "The breach occurred because the relevant provider failed to take into account the client's defined benefit scheme even though income the client received from the scheme was referred to on several occasions in the Statement of Advice," ...

One in five pension funds face liquidity risks

KARREN VERGARA  |  WEDNESDAY, 15 JAN 2025
... that the situation could become problematic in extreme cases. Only 20% said they have no liquidity concerns. For defined benefit (DB) schemes, increasing exposure to private assets is one of the main reasons behind their liquidity concerns. Of the pension ...

TCorp returns 7%, AUM hits $110bn

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... Sydney Water, and Transport NSW. During the period, it generated 7.5% p.a. for the State Super Trustee Selection (Defined Benefit) Portfolio and 8.4% p.a. for the Treasury Managed Fund. Some 17% or $19 billion of total AUM sits in unlisted assets. About ...

AI can improve super fund value chain: CFA Institute

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... Intelligence report canvassed investments and technology experts from the UK, Australia, and Japan, who work across defined benefit and defined contribution schemes. They found that the latest tools can enhance the areas of member engagement and financial ...

UniSuper names product head

ELIZABETH FRY  |  TUESDAY, 10 DEC 2024
... retirement." During his time at UniSuper, Lorimer managed a full fled of products, including Australia's largest open defined benefit fund and traditional accumulation and retirement products. UniSuper is one of the few asset owners that manages ...

TelstraSuper and Equip Super merger to go ahead

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... new chapter of growth, strength, and enhanced services for both funds' members." "With shared values, strong defined benefit experience, and a passion for financial advice, we look forward to building a united fund in the best interests of members." ...

'No alternative': ESSSuper sues Iress

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
... reported incorrect contributions to the ATO for the 2021-2022 financial year, resulting in 9% of the fund's defined benefit members receiving Excess Contribution Notices stating an incorrect amount. A small number of members acted on the incorrect ...

Qantas Super standardises offset account investments

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
Qantas Super is changing the way most offset accounts are treated for members in its defined benefit (DB) divisions. The corporate fund, which is set to merge with Australian Retirement Trust (ART) in the first half of 2025, will have current and new ...

Down but not out: Busting defined benefit myths

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
Many see defined benefit (DB) funds as dead - dinosaurs of the retirement world. Nevertheless, they're important to the retirement ecosystem, according to Challenger institutional client solutions director Meher Edibam. While most DB schemes are closed ...

ESSSuper shifts members to new default option

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... impact," ESSSuper said. ESSSuper has about 124,500 members with savings of more than $37 billion split across defined benefit and accumulation net assets. It originally served the Victorian state government, its employer agencies, and their employees ...