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Showing 21 - 30 of 176 results for "Defined contribution"

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
Significant growth of the superannuation sector has set off alarm bells for the Reserve Bank of Australia (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its ...

UK regulators propose framework for workplace pension schemes

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
UK regulators have proposed rules for a new 'Value for Money' framework for default workplace defined contribution pension schemes, which has been likened to an "evolved version" of the APRA performance test. The joint framework, developed by the Financial ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
... changes included in the bill, the UK government said the average worker saving into a workplace scheme on a defined contribution basis would retire with more than $21,000 (£11,000) or 9% more. The plans include introducing a 'value for money' ...

Fiji National Provident Fund hunts active fund managers

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... fulfilled financial reporting, audit, and disclosure obligations. FNPF is the country's superannuation fund, a defined contribution scheme, established more than 50 years ago. FNPF is a major investor in the country. Its portfolio includes Amalgamated ...

CalSTRS appoints chief investment officer

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
... sat on the investment committees of the Los Alamos and Livermore National Laboratories defined benefit and defined contribution pension plans. Chan also served as chief investment officer for the Sacramento County Employees' Retirement System and was ...

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... higher-than-expected healthcare costs (85%) while over half (56%) believing they have not saved enough. Schroders head of US defined contribution Deb Boyden said whether it's a trip to the petrol station, grocery store, or pharmacy, prices in the ...

WTW to launch dedicated private equity fund

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... broader industry initiatives to better align the long-term investment needs of many end investors, including Defined Contribution (DC) pension savers. WTW added that it believes that private equity investments, which historically have offered a high ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... equites, 20% in alternatives and a 24.8% holding in fixed interest. Qantas Super is a hybrid defined benefit and defined contribution scheme. It has more than 26,000 members. Parent company Qantas estimates that it will pay $66 million of normal employer ...

New global retirement unit at T. Rowe Price

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... trillion fund manager said. The Global Retirement Strategy Team will be led by Michael Davis, currently head of defined contribution specialists in the Americas institutional business. Davis confirmed to Financial Standard that the global team will work ...

Private markets make concrete inroads with advisers

KARREN VERGARA  |  WEDNESDAY, 6 DEC 2023
... markets better accessible to private market managers. Opening the 401K pension plans in the US and the UK's defined contribution schemes are examples. In Australia, Haigh said private wealth advisers appear to be following the footsteps of institutional ...