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Showing 851 - 860 of 3872 results for "Pension"

New investment model for affordable housing proposed

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... have been successful overseas. A similar program, she said, has been running in the US for 35 years and is invested in by pension funds. The concept of RTOs is not exceptional either, the RTOs in the boost program would function in the same way as research ...

Short-termism damaging climate outcomes

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
... short-term to deal with the issue of climate change and this needs to change. He argued even those managing assets for pension funds and super funds are measured on a one and three-year basis, measurements that do not really incentivise thinking about ...

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... consider from must-haves. "My hunch is that APRA will produce some prudential standards, some guidance, and an account-based pension only product will not be sufficient because it will not be appropriate for all your members," Knox said, in a session ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... be difficult for us to pass the performance test," Robertson said. With a significant number of members sitting in its pension division, pressure was also mounting in terms of the fund's liquidity and cashflow. However, in May this year Maritime ...

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
IOOF reported an underlying net loss after tax of $143.5 million for FY21, as it cleans out legacy arrangements and integrates recent acquisitions. Revenue for the year was $769.9 million (up 31%), of which $69.1 million came from MLC and $700.8 million ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... per cent for the year ending June 2021. Over this period, lump-sum payments ($55.8 billion) declined 5.3 per cent, and pension payments ($38.6 billion) declined 5.8 per cent representing normalisation to pre-Early Release Scheme levels," APRA said. APRA ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... is recommending a superannuation guarantee rate of 10-12%, earlier access to retirement savings and disincentives for pension lump sums and bequests. Securing Adequate Retirement Incomes for an Ageing Australia is a policy review that took a year to ...

World Pension Alliance condemns COVID early release

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
The international pension body is warning of the dangers in governments allowing unrestricted pension withdrawals as a pandemic response. The WPA represents pension plans and providers in Europe, the United States of America, Canada, Latin America ...

Aviva, PSP Investments acquire property

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
Aviva Investors and Canadian pension fund, Public Sector Pension Board (PSP Investments), have acquired four offices located around Hoxton Square in London. Hoxton Campus, in the east end of London's Tech City, comprises of four office buildings covering ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... after tax hit $181 million, buoyed by strong performances from AMP Bank and its stakes in Resolution Life and the China Pension Life Company. In the pre-Hayne Royal Commission days, AMP boasted a 2017 half-year NPAT of $533 million, while its share price ...