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Showing 11 - 20 of 176 results for "Defined contribution"

UK treasury provides guidance on local pension consolidation

MATT TOLEDO  |  FRIDAY, 30 MAY 2025
In the UK, there are 86 local government pension schemes (LGPS) and more than a dozen multi-employer defined contribution pension funds that collectively manage $822 billion (£392bn) in assets. The ruling Labour Party's Treasury wants to consolidate ...

Nest drops $930m into new IFM Investors fund

JAMIE WILLIAMSON  |  WEDNESDAY, 21 MAY 2025
... Mansion House Accord, which it signed earlier this month. The Accord is a commitment to invest at least 10% of defined contribution assets in private markets by 2030, with 5% of the total allocated to the UK. Currently, Nest has about 15% of its assets ...

State Super: In decline but doing fine

ANDREW MCKEAN  |  FRIDAY, 21 MAR 2025
... extending to a spouse or child, payments will continue until its last member dies - estimated to be in 2084. Defined contribution members, meanwhile, take a lump sum at retirement. Overall, State Super's funds are shrinking, but at different speeds. ...

Australian super assets set to become second largest globally: WTW

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... over the long-term due to a combination of the rising superannuation guarantee and a strong bias towards defined contribution - which has led to higher growth portfolios." Delving into assets classes, Australia and the US continue to hold above-average ...

Nest to acquire 10% stake in IFM Investors

ELIZA BAVIN, MATT TOLEDO  |  WEDNESDAY, 5 FEB 2025
... corporation founded in 2008, manages $90 billion (£45.3 billion) in assets for 13.7 million members in its defined contribution pension; approximately one in three workers in the UK are expected to be a member of Nest by the end of the decade. Nest ...

AI can improve super fund value chain: CFA Institute

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... 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 literacy, governance, investment ...

UniSuper names product head

ELIZABETH FRY  |  TUESDAY, 10 DEC 2024
... and traditional accumulation and retirement products. UniSuper is one of the few asset owners that manages defined contribution and defined benefit schemes. The product specialist has over 25 years' experience in financial services, working in investment ...

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
In what's considered the most significant reforms to the UK retirement sector in decades, the defined contribution schemes of 86 administering authorities will be consolidated and their assets pooled to create megafunds. The UK government plans to introduce ...

Former super fund investment chief in new gig

ELIZABETH FRY  |  TUESDAY, 5 NOV 2024
... with UniSuper in December 2022. Before that, Block spent two years as investment chief at Nambawan Super - a defined contribution government superannuation fund in Papua New Guinea. The incoming Bellmont investment chief has also consulted for several ...

Nest plans retirement income play

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
Nest, the UK's largest defined contribution workplace pension scheme by members, will work with WTW and Hymans Robertson to develop a retirement offering. It's estimated that in the coming years one in three UK workers will have pension savings with ...