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Showing 1 - 10 of 372 results for "defined benefit"

TelstraSuper fields influx of merger offers

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2024
... the fund's 93,000 members are invested in its retirement products. It also has a further 1800 or so in its defined benefit offerings which were established in 1990 at the fund's inception. That said, about 23,440 of its members are aged over ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
... $305 billion saved across some 1080 defined contribution scheme providers in the UK, while there is about 5000 defined benefit schemes with around $2.7 trillion in assets. Other measures include consolidating the defined benefit market through commercial ...

Qantas Super, Australian Retirement Trust to merge

ANDREW MCKEAN  |  WEDNESDAY, 17 JUL 2024
... remain an independent corporate super fund. The fund ultimately chose ART because it's "one of the largest defined benefit administrators" and has the expertise to "administer a complex fund like Qantas Super," which comprises defined benefit and ...

Equip Super reduces admin fees, introduces insurance fee

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2024
... fee calculated at 4% of premiums. From July 1, Equip Super is reducing administration fees across accumulation, defined benefit and retirement products. For accumulation and defined benefit members, the asset-based fee will be reduced from 0.22% to 0.19% ...

Funds SA names interim investment chief

ELIZABETH FRY  |  WEDNESDAY, 12 JUN 2024
... the investment strategy for about $7 billion in assets under management. He also oversaw about $40 billion in defined benefit assets for the State of Victoria. He has previously worked at Frontier Advisors, ISPT and CBRE. Back in 2010, Kempton was appointed ...

Super fund engagement peaks among members with $250k+ balances: Report

ANDREW MCKEAN  |  THURSDAY, 30 MAY 2024
... in FY23, overall member satisfaction and Net Promoter Scores (NPS) have continued to decline, though a few non-defined benefit funds bucked the trend. Meanwhile, super fund switching activity slightly decreased to 8% from 9% last year. However, the intention ...

CalSTRS appoints chief investment officer

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
... While at the university, he sat on the investment committees of the Los Alamos and Livermore National Laboratories defined benefit and defined contribution pension plans. Chan also served as chief investment officer for the Sacramento County Employees' ...

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... accounts, Super Savings - Business Accumulation accounts, Super Savings - Corporate Accumulation accounts (including Defined Benefit Additional Accumulation accounts), Super Savings Transition to Retirement Income accounts and Super Savings Retirement ...

ESSSuper faces class action threat over unpaid super

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... penalty allowances in superannuation calculations for some members of its Transport Superannuation Fund - a closed defined benefit scheme exclusive to employees of a transport authority who joined between 1 July 1988 and 31 December 1993. In some cases ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
The government is consulting on changes to provisions afforded to super fund members with a capped defined benefit income stream to ensure they are not negatively impacted in the event of a merger. Under current legislation, when a super fund merges ...
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