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Showing 21 - 30 of 485 results for %22defined benefit%22

PwC chief executives hold too much power: Review

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... overly collegial culture inhibiting constructive challenges. "Responsibilities and accountabilities are generally not well defined, or necessarily documented and connection, delegations and escalations are frequently not clear - for partners, for enterprise-level ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... statistics, in 2004 there was 761. "Any potential merger partner would need to demonstrate their ability to administer defined benefit entitlements and provide our members with equivalent rights to benefits they currently have in Qantas Super. We would ...

Largest pension funds see drop in assets: Research

CASSANDRA BALDINI  |  TUESDAY, 12 SEP 2023
... the continued market instability. Another significant contributing factor highlighted by WTW is the shift from defined benefit (DB) pensions to smaller defined contribution (DC) plans. Further, the report revealed that in 2022 sovereign and public sector ...

Some explanations have missed the mark: Lowe

CASSANDRA BALDINI  |  FRIDAY, 8 SEP 2023
... would be very good news for both the economy and our society." Notwithstanding these outcomes, Lowe said the issue that defined his term more than any other was the forward guidance around interest rates that was provided during the pandemic. "That guidance ...

The evolution of governance structures

CASSANDRA BALDINI  |  WEDNESDAY, 30 AUG 2023
... better returns to members," she said. "It's that return and risk trade-off you need to always be aware of and, in the defined contribution world, the risks are actually borne by members." Kelly highlighted that Cbus initiated its internalisation ...

Citi terminates staff super fund

JAMIE WILLIAMSON  |  TUESDAY, 29 AUG 2023
Citi is closing its staff superannuation fund and ceasing all defined benefit funding, saying it's no longer feasible to continue operating. Employees were recently advised the company had given notice to the trustee that it has decided to terminate ...

ART, AvSuper closer to merging

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... merger takes place" in terms of planning and commencing for this transition, including organising the transfer of the defined benefits accounts to ART. AvSuper's Growth MySuper option returned 11.4% in the last financial year. "In a year of continuing ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... via the Solutions Group is well placed to help superannuation funds simplify their business and de-risk their defined benefit liabilities. There are opportunities to support them to develop more comprehensive retirement income propositions to meet their ...

ISPT to use SS&C performance measurement tool

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... historical transactions and property valuations and reconciling data to the original source of truth. SS&C's user-defined attribution (UDA) tool, which lets users modify methodologies to match firm-specific processes and create bespoke methodologies ...

Aware Super, Challenger partner for DB solution

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... liabilities. Challenger was selected by the fund, saying it is well placed to meet the needs of Aware Super's defined benefit members. To help fund the annuity and manage the investment transition, Aware Super has invested in Challenger's Index ...