AUSTRALIA - The government has pledged Aus$3.9bn to the Future Fund and a clearing house to help smaller businesses meet their superannuation choice requirements in today's budget.
The clearing house would allow an employer to pay contributions into a central location which would distribute them to a choice of funds.
This facility would be free from firms with less than 20 staff and incur a fee for larger companies.
An annual $6,000 payment was announced for institutional investors constructing affordable rental accommodation.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.