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Showing 671 - 680 of 3872 results for "Pension"

Pension fund buys up iconic Aussie vineyards

CHLOE WALKER  |  TUESDAY, 29 NOV 2022
A major Canadian pension fund has acquired 35 vineyards from Australia's largest family-owned wine company, Casella. Through its subsidiary Southern Premium Vineyards (SPV), the Canadian pension fund manager Public Sector Pension Investments (PSP) owns ...

AustralianSuper botches major tech upgrade

ANDREW MCKEAN  |  TUESDAY, 29 NOV 2022
... app, but some members can't access or transact on their accounts. Last week, the fund said it had identified that some pension payments hadn't been made correctly due to an error with the calculations in the new portal. This caused some members to receive ...

Advising an ageing population

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... you're going to have to work for longer. "If you do the simple calculations, let's assume you want to retire at 65 on a pension worth 50% of your final salary, if you live until 100 you've got to save 25% of your income every year to finance it," ...

Super assets decline despite contributions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 23 NOV 2022
... contributions rose 10.4% to $111 billion. In terms of benefits, payments totalled $88.2 billion, up 7.8% year on year. Pension payments were $40.5 billion, up 2.9%, and lump sum payments were up 12.4% at $47.7 billion. Turning to asset allocation, APRA ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... failures involving ESG research used to select investments. It comes as the US government reverses limitations placed on some pension funds in relation to ESG investing by the Trump Administration. In conduct stretching from April 2017 to February 2020 ...

Industrial property ensures big wins for TelstraSuper

ELIZABETH FRY  |  MONDAY, 21 NOV 2022
... not sacrificing good governance and due diligence," he said. Building cohorts Buoyed by the retirement income covenant, pension funds are gearing up to meet a growing need for retirement products. Miller notes that up until now, most have focused on ...

Super is enabling private market democratisation: PGIM

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
Superannuation funds are playing a huge role in democratising private markets, making them more accessible to retail investors, PGIM vice president, head of thematic research Shehriyar Antia told Financial Standard. "Until recently, private markets ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... a high risk to their retirement savings and, by extension, increase the risk of higher fiscal outlays through the Age Pension. Commenting on the report, SMSF Association chief executive John Maroney said: "In 2019, our response to the CFR was that an ...

Cost of retirement in lockstep with inflation: ASFA

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... said. "Governments in Europe and the UK are actively considering raising the retirement age or slashing the amount of pension retirees receive as they struggle to deal with the global economic challenges they are facing. In contrast, the Age Pension ...

Insignia revamps wrap platform

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
Insignia Financial has made enhancements to its advised super, pension, and investment Expand wrap products, affording financial advisers greater management flexibility. As part of its simplification and transformation program, Insignia has introduced ...