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Showing 321 - 330 of 407 results for "Defined benefit"

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 ...

Ten years is too short: CBI

RUTH LIEW  |  WEDNESDAY, 27 MAY 2009
... short-term steps must be taken if businesses struggling with the recession are not to be hit further by their defined benefit 'final salary' pension schemes. The business organisation pointed out that investigating pension plans where deficit repayments ...

APRA to monitor investment options

ALEX DUNNIN  |  TUESDAY, 26 MAY 2009
... of members by age bracket," notes their paper. The regulator has also flagged collecting additional data from defined benefit funds, no doubt fuelled by concerns regarding increasing deficits in the sector.

No flight to cash at Equipsuper

RUTH LIEW  |  WEDNESDAY, 20 MAY 2009
... year, said the fund's chief executive. Robin Burns, who heads up the "hybrid" $4.2 billion fund that hosts both defined benefit and accumulation schemes, said the fund has not seen a high number of members switching from equities into cash last calendar ...