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Showing 331 - 340 of 413 results for "defined benefit"

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 ...

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 ...