14 April 2009 13:00
Since government bond yields are used to discount future liabilities, a reduction in the discount rate from 6 per cent to 4 increases the reported liabilities by 28 per cent.
The Watson Wyatt survey analysed the accounts of 143 of the top 200 listed companies on the ASX. Of these, 54 companies continue to have a DB obligation while the remaining companies provide DC arrangements only.
It did not cover unlisted companies
(including subsidiaries of overseas businesses), or the public sector.
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The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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