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

Search Results

Showing 331 - 340 of 410 results for "Defined Benefit"

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 ...

One in six DB funds in trouble: APRA

ALEX DUNNIN  |  FRIDAY, 15 MAY 2009
APRA has revealed that last year 15.9 per cent of defined benefit (DB) superannuation funds were in an "unsatisfactory financial position" and that things are now likely to be worse. "APRA's survey of all defined benefit and hybrid superannuation funds ...

DB super deficit rises to $25 bn

MICHAEL HOBBS  |  TUESDAY, 14 APR 2009
A Watson Wyatt report found defined benefit superannuation liabilities for listed Australian firms have blown out from around $2 billion to $25 billion over a six-month period to the end 2008. According to David McNeice, Watson Wyatt principal, companies ...

Qantas Super gets $66m injection

RUTH LIEW  |  WEDNESDAY, 8 APR 2009
... Superannuation fund will receive $66 million in extra funds over the next three years from Qantas Airways Limited into its defined benefit divisions. According to a statement on the super fund's website, both Qantas Super and Qantas Airways said that ...

Irish pensions suffer 25pc loss

RUTH LIEW  |  MONDAY, 6 APR 2009
... a continuing move to defined contribution (DC) schemes. Around 71 per cent of assets were managed on behalf of defined benefit schemes, 27 per cent were defined contribution schemes with two per cent under additional voluntary contribution schemes. According ...

Westpac prizes growth and alternatives

RUTH LIEW  |  FRIDAY, 27 MAR 2009
... the three options, remain the same. The changes affect members who hold accumulation accounts or those who are defined benefit members with a SuperSave account. "The changes aim to increase investment returns and improve diversification of these investment ...

Super assets lose $25bn

RUTH LIEW  |  WEDNESDAY, 11 MAR 2009
... accumulation are estimated as 80.1 per cent or $618.9 billion at 30 June 2008, with 19.9 per cent or $154.1 billion in defined benefit. Overall, contributions to all super entities reached $120.4 billioin last year. Employers contributed $69.4 billion ...

GESB plans on hold

MICHAEL HOBBS  |  THURSDAY, 12 FEB 2009
... before proceeding. The mutualisation process means the State Superannuation Board would become responsible for the defined benefit Gold State Super and Pension schemes and the investment management and administration will be outsourced to GESB. The government ...