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Showing 21 - 30 of 179 results for "Defined contribution"

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
In what's considered the most significant reforms to the UK retirement sector in decades, the defined contribution schemes of 86 administering authorities will be consolidated and their assets pooled to create megafunds. The UK government plans to introduce ...

Former super fund investment chief in new gig

ELIZABETH FRY  |  TUESDAY, 5 NOV 2024
... with UniSuper in December 2022. Before that, Block spent two years as investment chief at Nambawan Super - a defined contribution government superannuation fund in Papua New Guinea. The incoming Bellmont investment chief has also consulted for several ...

Nest plans retirement income play

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
Nest, the UK's largest defined contribution workplace pension scheme by members, will work with WTW and Hymans Robertson to develop a retirement offering. It's estimated that in the coming years one in three UK workers will have pension savings with ...

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 ...