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Showing 21 - 30 of 362 results for "defined benefit"

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... regulatory regime was announced, to provide sponsoring employers and trustees with a new scaled-up way of managing defined benefit (DB) liabilities. Hunt said the government will lead by example and consult on accelerating the consolidation of Local ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... "The duty to identify duplicate accounts under section 108A of the SIS Act provides room for trustees to exclude defined benefit and income stream accounts and places the onus on the trustee to assess and determine whether consolidating accounts would ...

Cbus, EISS Super finalise merger

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2023
... with TWUSUPER. Cbus chair Wayne Swan said preparation for the merger was involved, including the need to develop defined benefit products for EISS Super members. More than 50,000 of Cbus' 900,000 members are now working in the electrical industry, he ...

Iress error impacts ESSSuper members

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
ESSSuper has disclosed a reporting error made by its administrator, Iress, that impacted 9% of its defined benefit members. Due to Iress' incorrect contribution reporting to the ATO for the 2021-2022 financial year, approximately 9% of ESSSuper defined ...

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... said. To mitigate the risk of running out of money during retirement, retirees can also choose between traditional defined benefit pensions that increase payments in line with inflation, or account-based pensions that allow for adjustments to withdrawals ...

Stafford Capital adds superannuation lead

ELIZABETH FRY  |  FRIDAY, 3 MAR 2023
... superannuation six years later. He was responsible for the strategic and operational management of the $8 billion defined benefit corporate super fund until its transfer into Australian Retirement Trust last year. Before his 17 years with Australia Post ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... to all of our members," Fraser said. "In addition, we have specialist skills and experience in managing complex defined benefit plans as one of the largest defined benefit providers in the Australian marketplace." The merger will only proceed if it's ...

Australia survives global pension rout

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
... Meanwhile, the study found that defined contribution (DC) is dominant in Australia and the US. However, the trend of defined benefit (DB) pensions giving way to DC plans has continued in many regions worldwide. Over the past 20 years, DC assets have ...

Australian Retirement Trust, AvSuper sign merger MoU

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2023
... initial shortlist and remained a suitable partner. The fund also highlighted ART's extensive experience with defined benefit schemes and the fact that they both already share AIA Australia as insurer. "We are confident that this merger will be favourable ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
This year, APRA is focused on rectifying sub-standard practices, eradicating unacceptable performance, and influencing improved retirement outcomes. That's according to its 2023 supervision priorities, released today. It said it's all part of holding ...