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Showing 1 - 10 of 162 results for "Defined contribution"

Nest to acquire 10% stake in IFM Investors

ELIZA BAVIN, MATT TOLEDO  |  WEDNESDAY, 5 FEB 2025
... corporation founded in 2008, manages $90 billion (£45.3 billion) in assets for 13.7 million members in its defined contribution pension; approximately one in three workers in the UK are expected to be a member of Nest by the end of the decade. Nest ...

AI can improve super fund value chain: CFA Institute

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... investments and technology experts from the UK, Australia, and Japan, who work across defined benefit and defined contribution schemes. They found that the latest tools can enhance the areas of member engagement and financial literacy, governance, investment ...

UniSuper names product head

ELIZABETH FRY  |  TUESDAY, 10 DEC 2024
... and traditional accumulation and retirement products. UniSuper is one of the few asset owners that manages defined contribution and defined benefit schemes. The product specialist has over 25 years' experience in financial services, working in investment ...

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
In what's considered the most significant reforms to the UK retirement sector in decades, the defined contribution schemes of 86 administering authorities will be consolidated and their assets pooled to create megafunds. The UK government plans to introduce ...

Former super fund investment chief in new gig

ELIZABETH FRY  |  TUESDAY, 5 NOV 2024
... with UniSuper in December 2022. Before that, Block spent two years as investment chief at Nambawan Super - a defined contribution government superannuation fund in Papua New Guinea. The incoming Bellmont investment chief has also consulted for several ...

Nest plans retirement income play

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
Nest, the UK's largest defined contribution workplace pension scheme by members, will work with WTW and Hymans Robertson to develop a retirement offering. It's estimated that in the coming years one in three UK workers will have pension savings with ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
Significant growth of the superannuation sector has set off alarm bells for the Reserve Bank of Australia (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its ...

UK regulators propose framework for workplace pension schemes

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
UK regulators have proposed rules for a new 'Value for Money' framework for default workplace defined contribution pension schemes, which has been likened to an "evolved version" of the APRA performance test. The joint framework, developed by the Financial ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
... changes included in the bill, the UK government said the average worker saving into a workplace scheme on a defined contribution basis would retire with more than $21,000 (£11,000) or 9% more. The plans include introducing a 'value for money' ...

Fiji National Provident Fund hunts active fund managers

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... fulfilled financial reporting, audit, and disclosure obligations. FNPF is the country's superannuation fund, a defined contribution scheme, established more than 50 years ago. FNPF is a major investor in the country. Its portfolio includes Amalgamated ...
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