Search ResultsShowing 1 - 10 of 100+ results for "defined benefit"
Better retirement income products needed
ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
... a reliable source income that will last for life is a key factor for worrying less, with those people with a defined benefit pension or a lifetime annuity reporting the lowest levels of worry. In perhaps disheartening news for financial advisers, whether ...
Commonwealth Super mulls platform changes
KANIKA SOOD  |  MONDAY, 13 JAN 2020
Commonwealth Superannuation Corporation is considering making changes to how it administers about 570,000 defined benefit member accounts as its existing systems age. CSC has invited interested companies to submit proof-of-concepts for a core registry ...
Sunsuper, QSuper confirm merger talks
HARRISON WORLEY  |  TUESDAY, 5 NOV 2019
... agreed there are multiple issues to overcome. "QSuper is public sector and Sunsuper is private sector. QSuper is defined benefit, although being in surplus neutralises this issue somewhat. Defined benefit divisions would need to be quarantined," he said. ...
Inflation the forgotten risk to retiree portfolios
HARRISON WORLEY  |  WEDNESDAY, 30 OCT 2019
... fairly simple thing to do, and we do it for all of our portfolios," he said. Beesley said the strategy was used by defined benefit scheme managers, who realized they were paying inflation linked coupons "for the rest of their investors life". Offering ...
Industry fund awards admin mandate
HARRISON WORLEY  |  MONDAY, 28 OCT 2019
Australia's largest open defined benefit superannuation fund awarded an administration technology mandate to IRESS. ESSSuper has signed an agreement with IRESS which will see the technology firm install an automated administration service - Automated ...
Defined benefits robbed women: Kelty
ELIZABETH MCARTHUR  |  FRIDAY, 25 OCT 2019
... treated worse than any other group in our community. People stole the money off women," he said. Kelty said that defined benefit schemes were particularly disadvantageous to women, but that the industry-led super scheme he was a part of creating with ...
Industry fund implements fee changes
JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2019
... pension and transition to retirement accounts. The change also applies to additional accumulation accounts of defined benefit members. Meanwhile, investment fees on some account-based pension options have also changed. Members that will see savings are ...
Recreo, Mine Super enter the cloud
ELIZA BAVIN  |  WEDNESDAY, 9 OCT 2019
... Recreo and Mine Super said the cloud-based platform, named OneTrust, can manage a range of schemes, including defined benefit and defined contribution plans and features automated workflows. Andrew Bain, chief executive of Recreo said: "Today we have ...
Tasmanian super funds seek insurer
KANIKA SOOD  |  FRIDAY, 9 AUG 2019
... the trustee of the Retirement Benefits Fund which has five sub-funds including SFCSS and TASSS. Both funds are defined benefit schemes that are closed to new members. SFCSS has 85 members and $33 million and the TASSS has $57 million and 116, according ...
Irish pension funds reduce equity exposure
ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
... funds instead. Mercer's 2019 European Asset Allocation survey also shows average equity allocations for Irish defined benefit schemes have fallen to just 28%, down from 34% in 2018. Bond allocations remain at 50% while allocations to alternative ...
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