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Showing 21 - 30 of 273 results for "Retirement System"

Lack of income stream drags local retirement system: Report

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
Australia's retirement system has received a B+ grade in a study of nearly 50 nations, with the lack of a compulsory retirement income stream being what holds it back. The latest Mercer CFA Institute Global Pension Index sees Australia placed fifth ...

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
... AMP do not understand what an account-based pension is, while an equal number believe the current state of the retirement system is too complex. Out of a pool of 1000 polled, two out of five don't know if they'll be eligible for aged-pension benefits. ...

CalPERS investment chief tenders resignation

JAMIE WILLIAMSON  |  MONDAY, 18 SEP 2023
... my family and children." Musicco was named chief investment officer at the California Public Employees' Retirement System (CalPERS) in February 2022, overseeing about 400 staff. She was only the second woman to have been appointed to the role in ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... was compromised following some of its systems being accessed. Last month, the Californian Public Employees' Retirement System (CaliPERS) and the California State Teachers Retirement Systems (CalSTRS) were also hit, with members' personal data obtained ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
... personal information was stolen in the same breach impacting members of CalPERS. The California State Teachers Retirement System (CalSTRS) told members a vulnerability in file transfer application MOVEit, which it uses to pass information on to PBI Research ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... funds have had their personal information accessed in a cybersecurity breach. The California Public Employees' Retirement System (CalPERS) is alerting its retired members and their relevant family members that some of their personal information was downloaded ...

Former QIC exec now OMERS risk chief

ELIZABETH FRY  |  FRIDAY, 9 JUN 2023
A longstanding QIC risk specialist has been named the Ontario Municipal Employee Retirement System's (OMERS) new chief risk officer, reporting to the Canadian pension fund's chief executive Blake Hutcheson. Joining OMERS in 2020, Deb Barnes ...

Martin Fahy to step down as ASFA chief

CASSANDRA BALDINI  |  FRIDAY, 26 MAY 2023
... 12% Superannuation Guarantee," it outlined. Commenting on his departure Fahy said Australia's superannuation retirement system is the envy of its OECD peers. "It allows Australians to face retirement with confidence and makes the fiscal burden of an ...

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... will collectively drawdown an additional $20+ billion from super per year leading to a 'more effective' retirement system," FSC chief executive Blake Briggs said. The paper also recommends the removal of regulatory barriers to innovative new ...

Pay gap bill passes, effective next year

CASSANDRA BALDINI  |  FRIDAY, 31 MAR 2023
... Blakey said, the fund wants to see super paid to workers on parental leave. "Because this will help make our retirement system fairer for all Australians and take an important step forward in addressing the gender super gap," she commented.