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Showing 21 - 30 of 469 results for pension scheme

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... administering approximately 1.6 million member accounts, up 60% over the last 12 months, Link said. "Adjusting for the HS Pension acquisition, RSS in the UK saw member numbers up 18%. The UK now accounts for 2.5% of RSS revenue in FY23. The recent acquisition ...

Super assets continue to climb: APRA

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... billion (increasing by 19.6% over the year). Of this, lump sum payments rose by 31.9% over the year to $58.8 billion while pension payments increased by 6.1% to $43.3 billion in the year. Net contribution flows fell by 4.5% compared to flows in the year ...

Danish pension fund hands $500m to QIC

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
QIC has entered a strategic partnership with one of Denmark's largest pension funds to provide exposure to European private equity investments. The initial $500 million mandate from PenSam will be invested over three years through both co-investments ...

Aware Super migrates members to Bravura platform

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
... billion fund at the forefront of digital engagement within the superannuation sector. Stewart said: "Superannuation and pension funds are long overdue for digital transformation. To stay competitive and meet new regulations they need to give members ...

Super framework ideal for advice: Jones

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... a home to getting married to a partner retiring. "How does any income stream that I set up interact with a government pension or other associated benefits? All of those things are live in a person's mind or should be in a person's mind when they're ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... contributions, could lead to considerable net budgetary savings. Additional savings could also emerge from a reduction of Age Pension payments due to increased superannuation balances for carers. Based on the 2023-24 budget papers, the initial annual ...

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... Hunt said the government will lead by example and consult on accelerating the consolidation of Local Government Pension Scheme (LGPS) assets, with a deadline of March 2025 for all LGPS funds to transfer their assets into local government pension pools ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... Registry. First home buyers: While the government did expand the variety of home buyers eligible to access its Home Guarantee Scheme, the number of spots available for the next financial year remains the same and there was little else in the way of immediate ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... Commissioner of Taxation v Douglas (Douglas decision). The Douglas decision found that certain veterans' invalidity pension payments in the Defence Force Retirement and Death Benefits (DFRDB) and Military Superannuation benefits (MSB) schemes are ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... said. It is already against the law in the UK for product issuers to cold call in relation to occupational or personal pension schemes. In 2020, ASIC introduced a ban on the use of cold calling to sell direct life insurance. Meanwhile, in 2021 anti-hawking ...