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Showing 751 - 760 of 3872 results for "Pension"

Diversa culls more products

JAMIE WILLIAMSON  |  MONDAY, 30 MAY 2022
... December 2021 data shows post-transfer the Smartsave sub-plan will total about $650 million, including $50 million in its pension offering. Meanwhile, YourChoice will have about $620 million in funds under management, $100 million of which will be in ...

ClearView consolidates super, pension plans

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
ClearView undertook an intra-fund transfer last week, closing a more than 30-year-old superannuation and pension offering. The transfer occurred on May 19 and saw all ClearView Superannuation and Roll-Overs and ClearView Pension Plan members transferred ...

Fossil fuel divestment bill passes California Senate

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
The California Senate passed a bill overnight prohibiting the United States' two largest public pension funds from investing in the world's top 200 fossil fuel companies and require them to divest any existing holdings by 2030. The California ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... "Superannuation is a significant failure of Australian economic policy," Bragg asserted. "It doesn't get many people off the pension; it costs the budget more than it saves and it reduces agency and individual choices." Since his maiden senate speech ...

Generation Life launches retirement income product

CASSANDRA BALDINI  |  WEDNESDAY, 25 MAY 2022
... features that extend the platform's capability to offer investors and members variations, such as when they receive their pension payments," he explained. "Generation Life's use of Composer's inbuilt capabilities as part of the implementation ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... its former portfolio managers have been charged by the US regulator over a multi-billion-dollar securities fraud sold to pension funds that went on for more than four years. The Securities and Exchange Commission charged Allianz Global Investors and ...

Superannuation not a super solution to housing affordability

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
... would be like throwing petrol on a bonfire - it will jack up prices, inflate young people's mortgages and add to the aged pension, which taxpayers will have to pay for." "Super is meant to be for people's retirement, not supercharging house prices and ...

Government proposes further expansion of downsizer scheme

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
... flexibility to save for their retirement." The government said it will also make proceeds of the sale of a home exempt from the pension assets test for two years; currently the exemption applies for just one year. This would be implemented from 1 January ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... option will drop 7.41%. The cash option will remain as is at 0.08%. The fund is also reducing administration fees for its pension members while also capping them for super members at $650 per year. In terms of the reductions, a pension member with a ...

Bendigo and Adelaide Bank establishes new super trustee

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
The trustee and issuer of Bendigo SmartStart Super and Bendigo SmartStart Pension has changed from Sandhurst to the newly created Bendigo Superannuation. Bendigo Super is a new subsidiary company of Bendigo and Adelaide Bank with the purpose of being ...