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Showing 321 - 330 of 413 results for "defined benefit"

Years of living dangerously

MICHELLE BALTAZAR  |  MONDAY, 9 NOV 2009
... discourage people who are contributing above the compulsory SG and would be almost impossible to implement for defined benefit funds. This would, ironically, affect the Government's own staff, as public servants in schemes with higher compulsory contributions ...

Mercer wins Equipsuper mandate

RUTH LIEW  |  FRIDAY, 6 NOV 2009
... early September, and the Retirement Benefits Fund of Tasmania. Industry fund Equipsuper has both accumulation and defined benefit divisions within its folds, and is open to the public for membership.

PSS reduces premiums

RUTH LIEW  |  TUESDAY, 6 OCT 2009
... ADIC," noted a statement from the fund. AIA is the restructured Australasian operations of AIG. Members of the defined benefit scheme who are under the age of 60 automatically receive cover in the event of death and permanent invalidity. However they ...

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 ...