UK roundup: PPF 7800 index, Barclays DC consultancy

first_imgThe funding level of defined benefit (DB) pension plans in the UK has risen to nearly 94%, after the Pension Protection Fund (PPF) updated the data used to calculate deficits across the system.According to the PPF 7800 index for the end of October, the aggregate deficit fell to nearly £75bn (€90bn), down £9.4bn over readjusted figures for September.The index’s methodology was reassessed following the publication of the 2013 Purple Book earlier this month, resulting in the funding ratio for September being revised upwards by 2.2 percentage points to 92.9%, after the aggregate deficit fell by nearly £30bn.For the end of October, the funding level across the 6,150 pension funds – down by 166 on the previous dataset – reported a funding level of 93.8%, a significant improvement over the 83% reported for the same period last year. The PPF added that assets within the index now amounted to £1.1trn.“Over the month, scheme assets rose by 2.3%, and, over the year, there was an increase of 8.3%,” it said.It added that, while liabilities increased compared with the end of September, they fell by 4% year on year.In other news, Barclays has launched a defined contribution (DC) investment consultancy to complement a corporate pensions platform launched earlier this year.The service, provided by Barclays Corporate & Employer Solutions (BCES), will help trustees “create an investment solution that takes account of different and changing member needs”, according to a statement.The approach will enable investment in a number of pre-selected default strategies, while BCES will also profile the company’s workforce to assess the investment risk suitable for each workforce.Katharine Photiou, head of workplace savings at BCES, said: “Traditional retirement planning and DC investment strategies do not do enough to take account of an individual’s needs, or adapt to changing market conditions.”last_img read more

Finnish government submits bill on pension fund transparency, governance

first_imgPension providers will then have five months at the most to have an updated insider register in place, the ministry said.Under the new rules, boards of the pension insurance companies will have to establish a set of principles of corporate governance. Chief executives and board members will not be barred from sitting on the boards of other companies, the ministry said.However, the pension provider’s board will have to consider such involvement and the reasons why a membership on a board of an outside organisation is necessary, it said.Conflict of interest provisions for directors and chief executives of earnings-related pension providers will be stricter than those applying to limited liability companies, according to the new rules.Board members or chief executives will be unable to take part in negotiations of a deal if they are employees or members of a management body of another company involved in the deal.Significant business transactions by the company’s management and management’s inner circle, such as home purchases, should be considered by the company’s board, and these transactions must be made public, the ministry said.The proposed law also deals with reward systems at the pension insurers, stipulating they should serve the firm’s operations and objectives and be in its long-term interests.“Reward systems should not encourage excessive risk taking,” it said.The spotlight fell on pension fund governance in Finland late last year after a management scandal at the country’s largest pension fund, Keva.Merja Ailus, then the managing director, resigned following media accusations that, among other things, she had charged the institution for some personal expenses.Keva’s investigation concluded that its guidelines for fringe benefits were insufficient and that good corporate governance had not always been followed. New rules on transparency for private sector providers in Finland’s earnings-related pension system moved a step closer after the government submitted a bill to Parliament.The Ministry of Social Affairs and Heath said that, when passed, the new law would require pension insurance companies to hold an insider register of board members and their substitutes, chief executives and their deputies, auditors and employees able to influence the company’s investment decisions.Those on the register will be required to report their stock exchange holdings and business dealings.The new governance law is set to come into force by 1 January 2015.last_img read more

Retreat home in Springwood hits the market

first_imgJust half of the main bedroom … … and the other half, looking out on the property.“It’s just an escape for us parents,” she said.“One of us can sit on the lounge while the other one is having a bath, the bathroom is incredible.“It’s also nice to sit on the balcony and have a wine of an afternoon.” A tennis court for both the casual and the competitive players.“When we saw it we thought it had so much potential,” Mrs Waldren said.“There was a guesthouse too, so we put our son out there with his friends, and the five girls in the main house with us.” The ensuite is something you would expect from a luxury hotel.The master suite has jaw-dropping cathedral ceilings with exposed timber beams, polished timber floorboards, and enormous windows that follow the pitch of the roof. Inside the guesthouse.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019The couple did two major renovations on the property, the first in 2011, and the second this year.The main bedroom is Mrs Waldren’s favourite space, and the couple configured it to best suit their needs. The amazing residence at 190 Dennis Rd, Springwood, is for sale.LOGAN’s best kept secret is out — there is an incredible oasis hidden in Springwood.With six children, Julie and Philip Waldren were looking for somewhere they could spread out when they stumbled on 190 Dennis Rd 10 years ago.center_img One of the living rooms at 190 Dennis Rd, Springwood.The residence has all the entertainment a big family could ever desire, with a games room, tennis court, pool and land to explore. There is a Bali hut for relaxing poolside.Tucked in the back of Springwood was a 4.3ha block and a house that would fit their family’s needs. The couple built a false wall in the bedroom to house this amazing walk-in wardrobe. The games room.“We have motorbikes and dune buggies,” she said“It’s great for someone who wants to give their family a great place to grow up.”Mrs Waldren said they will miss their hidden paradise, as they plan to downsize.“Nobody in Springwood even knows its here.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51last_img read more

Employment Agency Established In Dominica

first_img Tweet Share Share LocalNews Employment Agency Established In Dominica by: – April 14, 2011 32 Views   no discussionscenter_img Share Sharing is caring! Hon. Colin McIntyre, Minister for Trade & Employment. Photo credit: togetherwemust.comThe Government of Dominica through the Ministry of Trade and Employment, has succeeded in implementing and established an employment agency to assist the unemployed youth of the country.Minister for Trade, Hon. Colin Mc Intyre said the employment agency is aimed at partnering with the youth skills training program, the programs from the Ministry of Education to train our youth and to expose them to the expertise and skills required for the working world.He further stated that the program will provide paid internships to young people an opportunity to both gain experience and income which will assist them.News Reporter: Grace HendersonDominica Vibes Newslast_img read more

Coronavirus: Nigeria suspends 2020 Africa Women’s Cup of Nations bid

first_img The 12th edition of the continental women’s showpiece is slated for November 23 to December 20 this year but no host has been named yet. Nigeria’s football governing body confirmed its interest to bid for the 2020 Awcon hosting rights, along with two-time winners Equatorial Guinea in January. The postponement of the major continental competition, including the 2020 Awcon opening qualifier due to the outbreak of the virus in Africa, has now precipitated the NFF’s decision.Advertisement “The NFF’s priority now is the battle against coronavirus, which is affecting the whole world,” the NFF secretary-general Mohammed Sanusi told the Guardian. “We want to win the battle by getting a cure so that sporting activities will resume. read also:NFF calls for prayers against deaths, kidnappings of players “We cannot start discussing or lobbying Caf now for the hosting right of the African Women Championship when there is a global health issue affecting the lives of people every day. FacebookTwitterWhatsAppEmail分享 Loading… Nigeria Football Federation (NFF) has suspended their hosting rights bid for the 2020 African Women’s Cup of Nations (Awcon) amid the coronavirus pandemic. Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable WayWhich Country Is The Most Romantic In The World?Insane 3D Spraying Skills Turn In Incredible Street Art8 Superfoods For Growing Hair Back And Stimulating Its Growth7 Black Hole Facts That Will Change Your View Of The Universe6 Ridiculous Health Myths That Are Actually True7 Reasons Why You Might Want To Become A VegetarianThe Highest Paid Football Players In The WorldEver Thought Of Sleeping Next To Celebs? This Guy Will Show You6 Interesting Ways To Make Money With A DronePortuguese Street Artist Creates Hyper-Realistic 3D Graffiti7 Things That Actually Ruin Your Phonelast_img read more

Tribes to give sneak peek of Jan. 26 performances

first_imgDINAGYANG OPENING SALVO TODAY. A contingent participating in the ati tribes competition of the 2020 Dinagyang Festival rehearses to perfect its performance. This afternoon, Jan. 10, 2020, is the opening salvo of the festival which is now on its 51st year. Dinagyang is known for its participants’ impressive choreography and striking costumes that reflect Ilonggo ingenuity, craftsmanship and artistry. The competition this year is on Jan. 26. IAN PAUL CORDERO/PN The 11 Miss Iloilo candidates will also maketheir first public appearance at the opening salvo. The opening salvo starts at 3 p.m. * Iloilo Dinagyang Art Festival – Jan. 18 to 25 * Dinagyang 360° ati-aticontest– Jan. 26./PN Dinagyang is the Hiligaynon word for revelryor merrymaking. The festival started in 1967. A replica of theSanto Niño de Cebu was brought from Cebu to the San Jose de Placer Church. Theimage was enthusiastically received by the Ilonggos who danced on the streetsof Iloilo City. The eight tribes are the following: * Dagyang sa Calle Real – Jan. 25 * Ilonggo Food Festival – Jan. 23 to 26 The opening salvo will be capped by afireworks display at the Freedom Grandstand. The IFFI bared the following Dinagyang 2020 activities: There will also be street dancing thisafternoon from the grandstand to Solis-Iznart streets, Valeria-Ledesma streetsand Ma. Clara Street. * religious sadsad – Jan. 25 Around six tribes participating in the Dagyangsa Calle Real street dancing event on Jan. 25 will also be joining thisafternoon’s opening salvo, said Peñaflorida. The city governmenthas partnered with the Iloilo Festivals Foundation, Inc. (IFFI) for the stagingof the 51st edition of Dinagyang. * Miss Iloilo 2020 – Jan. 23 * fireworks display – Jan. 24 * Panayanon of Iloilo City National HighSchool (NHS)* Barriohanon of Bo. Obrero NHS* Dagatnon of Ramon Avanceña Memorial NHS* Salognon of Jaro NHS* Ilonganon of Jalandoni NHS* Paghidaet of La Paz NHS* Binhi of Melchor L. Nava NHS* Hugponganon of Tiu Cho Teg-Ana Ros Foundation Integrated School “The tribes’ sample performances today willalso be for blocking purposes in the judging areas,” said Peñaflorida. * Festive Parade Sponsors Mardi Gras – Jan. 25 Dinagyang is known for its participants’impressive choreography and striking costumes that reflect Ilonggo ingenuity,craftsmanship and artistry. It has been voted the “best tourism event”three times in a row – 2006, 2007 and 2008 – by the Association of TourismOfficers in the Philippines. ILOILO City – Today’s Dinagyang Festival 2020opening salvo is a sneak peek of the performances of contingents participatingin the ati tribes competition on Jan.26. * Floats Parade of Lights – Jan. 24 * fluvial and solemn foot procession – Jan. 24 Eight tribes will showcase three to fiveminutes of “taste performance” at the Iloilo Freedom Grandstand, according to Atty.Joebert Peñaflorida, Iloilo Festivals Foundation, Inc. (IFFI) president. * Tambor Trumpa Martsa Musika – Jan. 24last_img read more

Online registration starts for 38th IMCA Super Nationals

first_imgThe 38th annual Super Nationals, guaranteed to be the biggest, best and richest dirt track event of the IMCA season, will be held Sept. 7-12 at Boone Speedway. The form for pre-registration can be found at www.imca.com and www.raceboone.com under the Super Nationals menu. Drivers who do not already have a MyRacePass account can create one when they go to that link. The Prelude and each night of Super Nationals will be broadcast by IMCA.TV. Late Models crown the first champion of the week and Hobby Stock and SportMod qualifying begins on opening night. Sport Compacts run their complete program on Sept. 8. Three days of qualifying for Modifieds and Stock Cars begins Wednesday, Sept. 9 with the Fast Shafts All-Star Invitational is Sept. 11, while races of champions and main events for the Modifieds, Stock Cars, Hobby Stocks and SportMods are on Sept. 12. center_img BOONE, Iowa – Drivers can now register online to be part of the IMCA Speedway Motors Super Nationals fueled by Casey’s. “This will be the third year we’ve required online registration for Modified, Stock Car, Hobby Stock, Northern SportMod and Sport Compact drivers. We would appreciate Late Model drivers doing so as well,” said IMCA President Brett Root. “The process has become much easier for IMCA and track employees.” Drivers must also pre-register to reserve pit stalls and to compete in the Sept. 5 Wild Rose Casino Prelude at Boone. Pit stall application links are on Super Nationals menus on both IMCA and Boone Speedway websites as well.last_img read more

Hemnarine Chattergoon still holds unique Under-19 record

first_img…was highly touted as the most naturally talented ChattergoonBy Frederick HalleyIN 1996, Hemnarine Chattergoon became the first Guyanese batsman to register centuries in his first two innings of a Regional Under-19 tournament, a record that still stands to this day. The opponents were Barbados and the Windward Islands.Regarded by many as the most naturally talented of the Chattergoon brothers, Hemnarine was destined to represent Guyana at the First Class level with the likelihood of donning West Indies colours.Chattergoon, following his epic 217 in the 2016 SCA Elite League semi-final versus Bawa– rare moment.Following a successful 1996 regional tournament, played in Jamaica, Hemnarine was awarded a place in the West Indies youth team to oppose Pakistan, and justified his place with a magnificent even-hundred at the Kensington Oval, Barbados against the likes of Abdul Razaq and Shahid Afridi. As fate would have it, the right-handed batsman migrated to Canada shortly after, thereby ending whatever chances he had of playing for Guyana and the West Indies senior teams.Incidentally, the West Indies Youth team also included former Guyana and West Indies batsman, Ramnaresh Sarwan, who stroked 102 in the first innings, batting at number six; former Guyana opener Azeemul Haniff who scored 100 in the second innings after 51 in the first; wicket-keeper Vishal Nagamootoo and leg-spinner Andy Chinsammy.Emanating from the Albion, Berbice family of cricketers, siblings Sewnarine went on to represent West Indies in four Tests and 18 One-Day Internationals and Ramnarine played at the regional one-day level for the Combined Campuses and Colleges, while Harrinarine captained the Guyana Under-15 team and also represented his homeland at the Under-19 level.The eldest of the Chattergoon brothers, Hemnarine never enjoyed the kind of success he was anticipating following his migration to Canada and, according to him, several factors were responsible for this, including work-related issues and the inability to put in enough practice. His only First Class match for Canada was against the United Arab Emirates at the Maple Leaf ground, King City, in 2007 which saw him scoring a mere 10 runs.In 2009, at the age of 31, Chattergoon was appointed to lead Vikings in the Elite division of the Toronto & District Association (T&DCA) tournament. The strong Vikings team included former Guyana and West Indies youth player, Zamal Khan; former Guyana captain, Damodar Daesrath; former Guyana First-Class pacer, Jeremy Gordon; former Guyana Under-19 left-arm pacer, Naresh Roopnarine; ex-Guyana and West Indies B team keeper, Kenneth Wong, and former National youth players, Abdel Fudadin and Kevin Murray. The side was also managed by another Guyanese in Michael Khan.Hemnarine (left) with brother Sewnarine as the former is presented with a plaque in recognition of his services to HACC by sponsor Vishal Mohan, nephew of president Narchand “Archie” Mohan.Chattergoon returned to the Canadian side for the inaugural Caribbean Twenty/20 tournament in the West Indies which saw the top performing domestic team qualifying for the Champions League Twenty/20 tournament. It was later replaced by the Caribbean Premier League (CPL), whose first season began in July 2013. Guyana were the eventual winners, defeating Barbados by one wicket with one ball to spare in a pulsating final with Jonhatan Foo claiming the man-of-the-match award.The tournament was also the first opportunity for Hemnarine to play alongside his brother, Sewnarine, who was part of the Guyana squad and who had already played Test cricket for the West Indies.The now 41-year-old Chattergoon also had the unique distinction of leading Hawaiian Arctic Cricket Club (HACC) to four of their six consecutive championship victories in the Premiere League of the Scarborough Cricket Association (SCA) tournaments before retiring at the end of the 2016 season. He was fittingly honoured when the club held its annual presentation, dinner and dance at the end of the season.Long-standing president of HACC, Narchand ‘Archie’ Mohan, paid glowing tribute to Chattergoon for his outstanding contributions over the years as a batsman and an astute leader and, while acknowledging his decision to call it quits, reminded him that “the door is always open to him once he has a change of heart”.The stocky right-hander was rewarded with a plaque, compliments of Trophy Stall Guyana. It read: “For your outstanding dedication, commitment and contribution as a player and leader of Hawaiian Arctic Cricket Club”.In an invited comment, Chattergoon described his joining of HACC in 2010 as a “political move” after he was specially invited to the club’s presentation. He was subsequently named captain two years later.Reflecting on his decision to join HACC, Chattergoon disclosed that he had no regrets but insisted that he had played his last game when the 2016 inaugural Elite season ended, citing work and family commitments as his main reason.In the 2014 Premiere League semi-final, Chattergoon was at his imperious best, slamming a scintillating unbeaten 217 versus Bawa XI, leading from the front as HACC clobbered their opponents by 136 to reach the final, which they duly won.Chattergoon’s wife, Lena, and their lone daughter have been his most ardent and vocal supporters and are present at all of his games.While Chattergoon went on to play for Canada, he still fancies the century, at what is regarded as the mecca of cricket in the Caribbean, as his most memorable moment in the sunshine game. “I thoroughly enjoyed playing cricket but scoring a hundred for the West Indies Under-19 team, especially when we were asked to follow-on, is still fresh in my memory,” he asserted.Chattergoon, who still plies his trade mainly in the softball arena, and is regarded as one of the best players in the grassroot game, has won several accolades representing Dant and Sunshine in the Ontario Softball Cricket League and Our Own in the Ontario Masters Softball Cricket Clubs (OMSCC), among other teams in and out of Toronto. His participation also includes international tournaments in Canada, Guyana, New York and Florida.last_img read more

26 Eaglets Fail MRI Test, First-team Wiped out

first_imgNigeria will be hugely depleted for Saturday’s Under-17 Africa Cup of Nations (AFCON) qualifier at home against Niger Republic after a staggering 26 players out of 60 failed the mandatory MRI screening conducted last week.According to AfricanFootball.com what is disturbing is not only the high number of those who failed the age test, but the quality of those who will not be eligible as the Eaglets starting XI have been completely wiped out with only two surviving players.“It is a disaster,” exclaimed one devastated official.“Virtually the first team the coaches have been working on have been disqualified. It’s a serious problem.” We have exclusively gathered that top NFF officials have now gone into panic mode with blames being traded over “this mass failure”.Several of the players were in tears and total shock when the final results came through this morning.The affected players have since quit the team’s training camp in Abuja for their various bases.Among those who flung the age test was a star striker, who came through the national Under-15 team and has been outstanding in training leading up to Saturday’s AFCON qualifier.Another promising player disqualified only recently forced his way into the starting XI of Coach Manu Garba’s team after a late call-up.The Confederation of African Football (CAF) had moved swiftly to ensure a much more transparent management of this MRI test by deploying independent doctors to the various member-associations.In the case of Nigeria, an Egyptian doctor supervised the screening exercise last week.Nigeria has won the FIFA Under-17 World Cup a record five times – 1985, 1993, 2007, 2013 and 2015.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Black Stars in a Shambles Ahead of Rwanda Challenge

first_imgGhana are in a shambles as they head into their final 2017 Africa Cup of Nations qualifier, which see them host Rwanda in Accra today.The Black Stars are already guaranteed top spot in Group H after collecting 13 points from five unbeaten matches, and their place at Gabon 2017 is secure. However, they come into this final match courting chaos after a battle between the country’s Sports Minister and the Football Association.After coach Avram Grant named a strong squad for the clash, Sports Minister Nii Lante Vanderpuye claimed his portfolio had no money to pay for overseas-based players to travel, as well as accommodation for the team.This has led to the farcical situation where many of Ghana’s foreign-based players have paid for their own travel (injured Andre Ayew has generously offered to pay for those who cannot afford the cost themselves), while the players have also reported for training from homes rather than a team hotel.It is important that the Black Stars at least honour the fixture in order to avoid any sanction from CAF and ensure that they are free to participate both in next year’s AFCON finals and the impending start of Africa’s 2018 World Cup qualifying group stage.As for Rwanda, they come into the match placed second on the standings with six points, though they have no mathematical chance of finishing as one of the two best runners-up, who will also qualify for the AFCON tournament.The Black Stars claimed a narrow 1-0 win over Rwanda when the teams met in their group match in Kigali a year ago, with Mubarak Wakaso scoring a late goal to see the West Africans to victory.Group H’s other match in the final round sees Mozambique host Mauritius in Maputo today. The game at the Accra Sports Stadium will be refereed by Cameroonian Antoine Effa.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more