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Showing 81 - 90 of 485 results for %22defined benefit%22

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
... Hutchison said. "This is untrue." Hutchison served as chief executive of EISS Super since 2012, at which time the defined benefit sub-plan had a funding deficit. He said that deficit was erased under his leadership. He went on to say that during his ...

EISS Super chief executive exits

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
... during the unprecedented restructuring of the electricity industry in NSW and ensuring the funding position of the defined benefit fund was returned to surplus." The fund's MySuper option has underperformed the median option to July end over one, three ...

Legislation introduced to create Queensland mega fund

JAMIE WILLIAMSON  |  THURSDAY, 9 SEP 2021
... representation on the board of the combined fund, alongside a mix of current Sunsuper and QSuper directors. "QSuper defined benefit members will continue to have their state guarantee enshrined in legislation, as Queensland will remain the only state ...

ASX eyes a bigger slice of fixed income active ETFs

KANIKA SOOD  |  THURSDAY, 9 SEP 2021
... will now be able to seek an ETF listing on the ASX. "The asset needs to have a reliable pricing framework, and that's defined by being priced by the likes of Bloomberg, Reuters or others [and] then they can be put into a product. They need to make sure ...

QIC appoints chief investment officer

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... strategy has enabled the Queensland government to become one of the few in the world to operate a fully funded defined benefit scheme," Hill said of her appointment. "This scheme, coupled with a number of state-based superannuation funds in Queensland ...

ASX 200 doubles down on net zero

ANNABELLE DICKSON  |  MONDAY, 23 AUG 2021
... Oil Search, Rio Tinto, South32, Santos and Woodside Petroleum have incorporated weightings to climate change targets, defined hurdles in the corporate scorecard to climate change transition, or disclosed plans to do so in FY21 reporting. "There is an ...

Eliminating debt prioritised over pension contributions

KARREN VERGARA  |  MONDAY, 19 JUL 2021
... however, most would put 40% of it in their pension fund, 26% in savings and 15% to pay off debt. On a bright note, the 2021 Defined Contribution Plan Participant report found that more respondents this year (52%) contributed 10% or more to their plans ...

Qantas Super introduces passive option, drops fees

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... investment option to members tomorrow, while also reducing administration fees and the amount it contributes to its defined benefit pool. From tomorrow, Qantas Super members will be able to invest their retirement savings in a new indexed option, Thrifty. ...

UK pension funds pushed to merge

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
... is experiencing similar pressure to that being felt by Australia's super funds, with the pensions regulator asking defined contribution (DC) funds with less than £5 billion in assets being urged to merge. In September last year, the UK pensions ...

CalPERS adds chief equity officer

JAMIE WILLIAMSON  |  THURSDAY, 24 JUN 2021
... Trust Company. CalPERS currently oversees the retirement savings of about two billion members. It is the largest defined benefit scheme in the US and its total market value currently sits at about $615 billion.