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Showing 1 - 10 of 14 results for "Defined Benefit Division"

UniSuper delivers 10.3% to members

ELIZA BAVIN  |  FRIDAY, 11 JUL 2025
... designed and managed by our in-house investments team," UniSuper said. UniSuper said for members in the Defined Benefit Division, the defined benefit fund remains in a healthy surplus and members' accrued benefits are currently well funded. "These ...

Qantas Super standardises offset account investments

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
... investment returns, mirroring the adjustment applied to offset accounts. Qantas Super noted members in a defined benefit division may have a voluntary accumulation account with a negative balance, which occurs when a member has Voluntary Cover, and premiums ...

AvSuper provides merger update, drops admin fees

JAMIE WILLIAMSON  |  TUESDAY, 10 JAN 2023
... total fees disclosed on a $50,000 account balance as at 1 October 2022 were 1.32%. Finally, the fund's defined benefit division is well funded, with AvSuper confirming it has about 40% more in assets than is required to meet its liabilities. As a result ...

CBA Group Super overhauls service providers

JAMIE WILLIAMSON  |  TUESDAY, 25 JAN 2022
The contracts for administration, custody and financial advice services at Commonwealth Bank Group Superannuation will soon be handed over to new providers, ending some long-standing relationships. A spokesperson for the super fund confirmed to Financial ...

Lutheran Super prepares for merger

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JAN 2022
... serves as administrator. The confirmation of its merger plans coincided with Lutheran Super closing its defined benefit division. The DB offering was wound up on December 31, with all DB members moved into the fund's accumulation division. According ...

Sunsuper, QSuper confirm merger talks

HARRISON WORLEY  |  TUESDAY, 5 NOV 2019
The two industry funds are in talks over a possible merger, one which would see the creation of Australia's largest superannuation fund. Queensland-based industry superannuation funds Sunsuper and QSuper have confirmed they are locked in discussions ...

Industry fund competes directly with advice networks

LAURA MILLAN  |  WEDNESDAY, 26 AUG 2015
... well-educated and we have privileged access which enables us to design products and solutions - such as our open Defined Benefit Division - specifically for our members," he said, adding: "This makes access to quality, professional advice that demonstrates ...

Strong returns put UniSuper back in the black

ALEX DUNNIN  |  TUESDAY, 6 AUG 2013
... consider reducing members' benefits to maintain the fund's solvency. The trustee is writing to UniSuper defined benefit division members this week formally advising them of their decision. The move follows speculation last year that poor returns in recent ...

Strong returns help UniSuper stave off benefit review

ALEX DUNNIN  |  WEDNESDAY, 6 MAR 2013
... boosting UniSuper's investment returns have helped to lift the solvency funding ratios of the fund's defined benefit division - enough for the trustee to defer a decision on reviewing member benefits. While the trustee is remaining cautious about the ...

NTEU wants changes at UniSuper trustee company

ALEX DUNNIN  |  FRIDAY, 16 DEC 2011
... to ensure changes to the UniSuper trust deed in 2006 do not reduce benefits to members of the UniSuper defined benefit division. They will also propose diversifying the share ownership structure of the UniSuper trustee company to reduce employer influence ...
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