DB super liability quantified
AUSTRALIA - The liability represented by defined benefit (DB) superannuation funds in the balance sheets of Australian listed companies has been quantified for the first time at Aus$40bn, according to new research from Watson Wyatt Worldwide.
However, the study found that the total liability was largely covered by assets leaving a net liability of less than $1bn. David McNeice, principal of Watson Wyatt, said: “When compared to some other...
More on Australia
Justin Corliss: Making the case for partial DB transfers
Half-way house
A Covid-19 tax relief raid could exacerbate generational pensions divide
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees told to step up as FCA contingent charging ban takes effect
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.
Family Building Society DB scheme moves into TPT master trust
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.
