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Showing 51 - 60 of 407 results for "defined benefit"

Brighter Super adds head of product

ELIZABETH FRY  |  FRIDAY, 9 FEB 2024
... 2017. As head of product there, she led product strategy, development and management of EISS's super, pension, defined benefit and insurance offers. Saija was most recently with Aware Super where she held the title of product manager at Aware Super ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... 47.3% allocation to equites, 20% in alternatives and a 24.8% holding in fixed interest. Qantas Super is a hybrid defined benefit and defined contribution scheme. It has more than 26,000 members. Parent company Qantas estimates that it will pay $66 million ...

Pension Protection Fund appoints chief executive

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
... Michelle Ostermann will succeed Oliver Morley as chief executive of the $62.8 billion fund, which oversees the defined benefit entitlements of about 10 million members across more than 5000 pension schemes. Ostermann was most recently senior vice president ...

Qantas Super takes merger plans to new heights

JAMIE WILLIAMSON  |  TUESDAY, 5 DEC 2023
... executive Michael Clancy said "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 also ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... involving members and other beneficiaries with entitlements in Retirement Access and Accumulate Plus and those with defined benefit (other than lifetime pension) entitlements, has been completed. The second tranche is the transfer of the fund's 3700 ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... UK. Earlier in his career, he worked in traditional actuarial consulting, advising large companies with complex defined benefit pension/superannuation funds. Thornton has been replaced by Catherine van der Veen and Lucy Foster, who will share the head ...

Government to amend transfer balance cap laws

ANDREW MCKEAN  |  FRIDAY, 27 OCT 2023
... government is progressing legislative amendments to the transfer balance cap (TBC) for individuals with a capped defined benefit income stream. Assistant treasurer Stephen Jones said this is another step to improve the efficiency of the superannuation ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... First, members and other beneficiaries with entitlements in Retirement Access and Accumulate Plus and those with defined benefit (other than lifetime pension) entitlements will be moved to ART on November 4. Meanwhile, the second phase is expected to ...

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 ...