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Showing 731 - 740 of 9228 results for "Benefit"

One in five pension funds face liquidity risks

KARREN VERGARA  |  WEDNESDAY, 15 JAN 2025
... that the situation could become problematic in extreme cases. Only 20% said they have no liquidity concerns. For defined benefit (DB) schemes, increasing exposure to private assets is one of the main reasons behind their liquidity concerns. Of the pension ...

SEC fines private equity firms for recordkeeping failures

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
Blackstone, KKR, and Carlyle are among the private equity firms that will collectively pay the Securities and Exchange Commission (SEC) US$63.1 million for failing to keep appropriate communications records. They join a growing list of financial institutions ...

How to simplify super to get better retirement outcomes: Mercer

ANDREW MCKEAN  |  MONDAY, 13 JAN 2025
... that superannuation trustees be allowed to offer members aged between 65 and 75 the option to transfer their accumulated benefit into an eligible retirement income product - which would also need to be deemed suitable for the relevant member cohort - ...

Vision Super to drop fees upon merger

ELIZA BAVIN  |  MONDAY, 13 JAN 2025
Vision Super has told members administration fees will be lowered once it has completed the merger with Active Super. Vision Super said after the successor fund transfer (SFT) on 1 March 2025, administration fees will drop from $78 per annum to $66.04 ...

CFS delivers 16.6% returns for growth members

MATTHEW WAI  |  MONDAY, 13 JAN 2025
Colonial First State (CFS) announced impressive returns for its balanced and growth equivalent funds throughout 2024. The FirstChoice Employer Super balanced option returned 13.8% in 2024, while the FirstChoice Employer Super growth option delivered ...

WA financial planning firm acquired by US insurance broker

MATTHEW WAI  |  MONDAY, 13 JAN 2025
... Whitaker, as well as their team will remain in their current location. They will be directed by Gallegher chief executive of benefit services Graham Campbell to operate across its benefit and HR consulting businesses in Australia. "WMP's client-focused ...

Monetary policy to underscore 2025 allocations

ANDREW MCKEAN  |  FRIDAY, 10 JAN 2025
... Jocum said the potential "higher-for-longer" stance on interest rates may appeal to income-focused investors seeking to benefit from a higher interest rate differential. "The 'income' is back within fixed income, and the diversification benefits ...

Bull market buoys super funds' 2024 returns

MATTHEW WAI  |  WEDNESDAY, 8 JAN 2025
Superannuation funds turned in double-digit returns for the 2024 calendar year thanks to the bull market, according to the Association of Superannuation Funds of Australia (ASFA), with some achieving nearly 12% for their balanced options. Rest's ...

Court sentences Ponzi scheme promoter

KARREN VERGARA  |  MONDAY, 23 DEC 2024
The Federal Court has sentenced the promoter of Courtenay House for his involvement in one of the country's biggest Ponzi schemes. David Sipina was handed down three years' imprisonment to be served via an intensive correction order after pleading ...

Superhero Super assets to swell via fund transfer

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2024
Superhero Super's assets are about to double, as it prepares to merge with MYOB's Slate Super and Simple Choice Super. Members have now been informed that Slate Super and Simple Choice Super - both sub-plans of the Grosvenor Pirie Master Superannuation ...