Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 321 - 330 of 410 results for "Defined Benefit"

More room to slash super fees

MICHELLE BALTAZAR  |  TUESDAY, 29 SEP 2009
... based on whether the fund is corporate, retail or industry. Some analyses were also split between fees charged by defined benefit (DB) versus defined contribution (DC) plans. The key finding is that many funds are, for the most part, below or just above ...

Clock ticking for UK defined benefit schemes

COMPANY RELEASE  |  THURSDAY, 20 AUG 2009
Research has found half the UK companies with defined benefit pension schemes expect to close them to all employees in the next three years, forcing employees to rely on defined contribution schemes instead. Watson Wyatt research found more than one ...

GFC spurs DB plans commitment

RUTH LIEW  |  MONDAY, 20 JUL 2009
If you think the GFC had pushed pension funds away from defined benefit plans, think again - more than 70 per cent of fund executives have no intention of changing their DB plan structures. A new survey by Towers Perrin and SCO noted that while the ...

UniSuper activates fair value clause

RUTH LIEW  |  TUESDAY, 14 JUL 2009
The $21 billion UniSuper has initiated a clause that allows trustees to reduce defined benefit members' benefits - if necessary - following the GFC to provide fair value payments. UniSuper announced online on 7 July that it had decided to initiate "Clause ...

Watson Wyatt wins HSBC pension admin

PRESS RELEASE  |  MONDAY, 13 JUL 2009
... access their fund balance and investment data. The pension fund, which has around 170,000 membership records, has a defined benefit and defined contribution section. The defined contribution section is open to new members. "We chose Watson Wyatt based ...

ASIC flags end-of-year signposts

RUTH LIEW  |  MONDAY, 29 JUN 2009
... funding liabilities soared last year when the markets reached record lows. The regulator singled out sponsored defined benefit superannuation funds and the fair values of assets within those funds. Further movements in the market could have a material ...

Transition mandates to reach record highs

MICHELLE BALTAZAR  |  FRIDAY, 19 JUN 2009
... seen fewer clients aggressively extend duration as duration extension is much more common in markets dominated by defined benefit plans." Crucially, an intense two quarters of transition activity will be significant enough to move stockmarkets and force ...

AustralianSuper wins outsourcing mandate

COMPANY RELEASE  |  WEDNESDAY, 10 JUN 2009
... the City of Perth to manage the business' $55 million super fund. The fund includes more than 730 members across defined benefit and accumulation accounts. AustralianSuper was selected after a tender process that covered investment options, insurance ...

UK DB plans must shape up

COMPANY RELEASE  |  FRIDAY, 5 JUN 2009
... proactive in managing the funding status and investment risk, according to Mercer. A recent Mercer report found defined benefit pension schemes are under increasing pressure as buyouts become less feasible and the demand for "alternative, more affordable ...

Maritime Super to manage Teekay fund

COMPANY RELEASE  |  FRIDAY, 5 JUN 2009
... Maritime Super was to manage its operations. The Teekay Shipping Superannuation Plan has both accumulation and defined benefit elements. A media statement by Maritime Super noted that the larger fund will provide comprehensive superannuation services ...