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Showing 11 - 20 of 485 results for %22defined benefit%22

Pension Protection Fund appoints chief executive

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
... Michelle Ostermann will succeed Oliver Morley as chief executive of the $62.8 billion fund, which oversees the defined benefit entitlements of about 10 million members across more than 5000 pension schemes. Ostermann was most recently senior vice president ...

New global retirement unit at T. Rowe Price

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... the $2 trillion fund manager said. The Global Retirement Strategy Team will be led by Michael Davis, currently head of defined contribution specialists in the Americas institutional business. Davis confirmed to Financial Standard that the global team ...

Private markets make concrete inroads with advisers

KARREN VERGARA  |  WEDNESDAY, 6 DEC 2023
... retail markets better accessible to private market managers. Opening the 401K pension plans in the US and the UK's defined contribution schemes are examples. In Australia, Haigh said private wealth advisers appear to be following the footsteps of ...

Qantas Super takes merger plans to new heights

JAMIE WILLIAMSON  |  TUESDAY, 5 DEC 2023
... executive Michael Clancy said "any potential merger partner would need to demonstrate their ability to administer defined benefit entitlements and provide our members with equivalent rights to benefits they currently have in Qantas Super. We would also ...

Responsible investment key to wealth transfer conversation

RACHEL ALEMBAKIS  |  MONDAY, 4 DEC 2023
... in the process, with many wanting to begin the process while they're still alive. Further, high-net-worth clients, defined as those with over $1 million in investable assets, would almost unanimously (97%) recommend their adviser to their children ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... involving members and other beneficiaries with entitlements in Retirement Access and Accumulate Plus and those with defined benefit (other than lifetime pension) entitlements, has been completed. The second tranche is the transfer of the fund's 3700 ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... UK. Earlier in his career, he worked in traditional actuarial consulting, advising large companies with complex defined benefit pension/superannuation funds. Thornton has been replaced by Catherine van der Veen and Lucy Foster, who will share the head ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... modest savings and rely on a mix of retirement savings, the Age Pension, and other government support. "The objective defined by the government, and the requirement that all future super-related legislation is compatible with the principles of preservation ...

Government to amend transfer balance cap laws

ANDREW MCKEAN  |  FRIDAY, 27 OCT 2023
... government is progressing legislative amendments to the transfer balance cap (TBC) for individuals with a capped defined benefit income stream. Assistant treasurer Stephen Jones said this is another step to improve the efficiency of the superannuation ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... First, members and other beneficiaries with entitlements in Retirement Access and Accumulate Plus and those with defined benefit (other than lifetime pension) entitlements will be moved to ART on November 4. Meanwhile, the second phase is expected to ...