However, the DC funds are still heavily overweight developed equities, which now account for 80% of all assets.Emerging market listed assets are growing, but still only make up an average of 4% of portfolios.The proportion of schemes allocating to emerging markets is reducing, as volatility in the region, particularly among equities over the last 15 months, continues.Less than half of FTSE schemes (48%) invest in the markets, compared with 55% in March 2013.The growth in alternatives is rising through the use of diversified growth funds (DGFs) as DC default investment vehicles.DGFs mainly invest in equities but utilise additional measures such as derivatives and diversify more with the use of alternatives, in order to reduce volatility and increase returns.Recent research conducted by consultancy Towers Watson found significant growth in the use of DGFs among FTSE 100 schemes.The proportion using a DGF as all, or part, of their default investment strategy increased from 10% to 70% over the last five years.This coincided with a drop in the use of passive investment vehicles, which fell 22 percentage points, to 40%, among the trust-based DC arrangements.Separating the funds among FTSE 100 and FTSE 250 firms, DC schemes at the larger end of the scale tend to be slightly more adventurous and diversified.Over the last six months, the data showed FTSE 100 schemes shifting assets towards UK equities but remaining more diversified than their smaller peers.FTSE 250 firms reduced allocations to emerging market equities, down to 2%, while FTSE 100 allocate as much as 5%.Stephen Bowles, head of DC at Schroders, said: “All these pension schemes that are not diversifying their assets are missing the valuable growth and low-volatility benefits, which can be achieved through diversification opportunities.” UK listed companies’ defined contribution (DC) pension schemes investment in alternatives is growing, with some schemes allocating as much as a third of funds to the asset class.Research and analysis by asset manager Schroders showed that while 48% of funds within the FTSE 350 do not engage with alternative investments, those that do are increasing their allocations.One-quarter of schemes now allocate more than 15% of assets to alternatives, with allocations at five funds breaking the 20% mark.Average allocations have increased by 1 percentage point, between October 2013 and March 2014, to hit 8%, matched by a 1 percentage point decrease in allocations to fixed income.
A proposed amendment German pension guarantee rules could save the country’s insurers, Pensionskassen and Pensionsfonds from having to sell off further valuation reserves.The German finance ministry has put forward a change to the calculation of additional interest rate guarantee buffers (Zinszusatzreserve), bringing in a cap linked to market rate changes.The new calculation method could bring down the Zinszusatzreserve by up to two thirds, Friedemann Lucius, board member at Heubeck AG, told the German newsletter Leiter bAV.In its proposal the finance ministry noted: “The interest rate guarantees for customers are already safeguarded enough to have the buffers increase at a slower rate.” Since 2011 all insurance-based retirement providers – including Pensionskassen and some Pensionsfonds – have had to top up their actuarial reserves to ensure they can afford the guarantees promised to members as interest rates have fallen.However, over the past few years the calculation method has been heavily criticised by the industry. To finance the buffers, valuation reserves had to be sold off. The proceeds in turn had to be invested in asset classes with insufficient returns.According to the current calculation method the percentage that has to be put aside for the buffer is based on market interest rates measured over a 10-year period.With continued cuts to the interest rate these calculations have led to providers accumulating reserves of around €60bn in total, according to the finance ministry BMF.The proposal (available in German) is up for public consultation until 28 September.
Oil company Hyperdynamics Corporation has made changes to its senior management.Hyperdynamics on Thursday said that its chief financial officer Sergey Alekseev would transition to the position of president of the company’s subsidiary, SCS Corporation Ltd.Also, Jason Davis will rejoin the company as an interim CFO. Both Alekseev and Davis will report to Hyperdynamics President and CEO Ray Leonard.Leonard said: “With full mobilization now under way in preparation to spud the Fatala 1 well offshore the Republic of Guinea, this senior management realignment will enable us to better oversee and execute the various duties required of us as operator under our production sharing contract.”In his new role, Alekseev will manage the company’s interaction with its 50 percent partner SAPETRO and coordination with Guinea’s Office National du Petrole (ONAP) and other agencies of the Guinea government. He will also oversee the performance of contractors to ensure that drilling progresses as scheduled and will coordinate with Davis to pursue cost efficiencies and controls of SCS activities.Leonard added: “Sergey has done an outstanding job in negotiating and completing the farm out of a 50 percent working interest in our Guinea deepwater exploration project and raising capital to begin mobilization and subsequent drilling operations.“With his extensive experience in international oil and gas operations and finance, we will now look to him to manage all the various aspects of this project, as well as continuing to seek capital to fund SCS’s share of PSC expenditures. I am confident that the upcoming drilling program will successfully test the high-potential Fatala prospect.“Jason had a highly successful tenure as Hyperdynamics’ CFO from 2009 to 2011 and VP of Finance and Treasurer from 2012 to 2104, so he knows our company well and has extensive experience in accounting and financial controls, compliance and raising capital.”Alekseev joined Hyperdynamics in July 2016 as VP of Commercial Development and was appointed Senior VP and CFO in April 2017. Before joining the company, he served as COO for Soyuzneftegaz, a Russian oil and gas and oilfield services company. Earlier, he held positions in Rosneft, Abn Amro Bank, and Coopers & Lybrand. Alekseev is also a charted director for the Institute of Directors, London.Davis returns to Hyperdynamics from Casa Exploration, where he served as CFO from 2015 to 2016. Before joining Hyperdynamics in 2009, he served as a controller and interim CFO for Particle Drilling until it went private. Earlier, he held positions in other private companies as well as audit positions with Ernst & Young and Deloitte & Touche, and as an analyst for JPMorgan in structured finance.Earlier this week, Hyperdynamics closed its previously announced farmout agreement with SAPETRO, which joined Hyperdynamics as a 50/50 partner in the Production Sharing Contract with the Republic of Guinea.The company also raised over $6 million through common stock and warrants offering, which it will use to pay for the Fatala well.
NZ Herald 21 November 2013In Afghanistan the kids blame war and fighting, in the US it’s guns but New Zealand children say alcohol and drugs are two of the main triggers for violence in this country.A global study conducted by ChildFund Alliance shows that more than a third of the 1000 New Zealand children surveyed said alcohol and bad behaviour were the two main contributors to violence while just under a third said drugs were among the main causes.The fourth annual Small Voices, Big Dreams survey asked 10-to-12-year-olds in 47 countries across the Americas, Europe, Africa, Pacific and Asia about their view on socio-political issues facing their country.It found that more than 60 per cent of New Zealand children in the survey believed everyone should have a good education and be safe from crimes and violence.Professor Sally Casswell of the Whariki Research Centre at Massey University said children were “quite clever observers” and the survey’s findings were interesting when compared with other developed nations.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11160361
* Bacolod City – 48 According to Quiñon, local government units (LGUs) may run out of quarantine facilities to accommodate more incoming LSIs and OFWs. “I am appealing on behalf of our healthcare workers. I hope and pray that our authorities will be provided with wisdom in their decision-making. Decisions should be for the greater good,” she stressed. * Negros Occidental – 191 Dr. Maria Socorro Colmenares-Quiñon of the Provincial Health Office took up the cudgels for the healthcare workers. She urged the national government to be more circumspect in shipping LSIs and OFWs back to Western Visayas. “Public health and the economy are interlinked. If cases of coronavirus disease 2019 continue to rise, people will lose confidence in the economy. There would be fewer investments,” says Dr. Maria Socorro Colmenares-Quiñon of the Provincial Health Office. IME SORNITO/PN “Please lessen the number of people being transported back. For example, pwede 200 for LSIs and 300 or even 200 lang per week for OFWs,” said Quiñon. She cited the case of healthcare workers in the Rural Health Unit (RHU) of Alimodian town – five of them contracted the SARS-CoV-2 virus. * Iloilo province – 137 If the return of LSIs and OFWs is not cautiously handled, the adverse consequences may go beyond public health and safety, she warned. Worse, more healthcare workers may be infected with SARS-CoV-2, the virus that causes the coronavirus disease 2019 (COVID-19), the healthcare workers warned. * Capiz – 13 At 137, Iloilo province had the second most number of COVID-19-positive repatriates, next only to Negros Occidental which had 191. * Iloilo City – 43/PN “Public health and economy are interlinked. If COVID-19 cases continue to rise, people will lose confidence in the economy. There would be few investments,” said Quiñon. As of yesterday, July 14, Western Visayas had a total of 611 COVID-19 cases. Of these, 452 were repatriates (LSIs and OFWs), data from the Department of Health (DOH) showed. Here’s the breakdown of LSIs who have returned – Antique, 5,777; Negros Occidental, 4,584; Capiz, 4,199; Iloilo province, 3,218; Aklan, 2,962; Bacolod City, 1,066; Iloilo City, 924; Guimaras, 384. As of the July 12 data of DOH, a total of 23,114 LSIs and 8,213 OFWs have returned to Western Visayas. * Aklan – five On the other hand, here’s the breakdown of repatriated overseas workers – Iloilo province, 3,055; Capiz, 1,015; Iloilo City, 1,000; Aklan, 888; Bacolod City, 831; Antique, 678; Negros Occidental, 489; Guimaras, 257. * Guimaras – 10 There may not be enough facilities to quarantine for 14 days the LSIs and repatriated overseas workers, they said, and contact tracing may become less efficient. * Antique – five ILOILO – A deluge of returning locally stranded individuals (LSIs) and overseas Filipino workers (OFWs) could overwhelm the province’s public health system, warned healthcare workers. Contact tracing is important and this is one of the tasks of COVID-19 healthcare workers, said Quiñon, but if they get infected themselves, contact tracing would be adversely affected. As of yesterday, July 14, the 452 COVID-19-positive repatriates were in the following areas: The RHUs of Bingawan (six healthcare workers) and New Lucena (two healthcare workers) were in a similar situation, revealed Quiñon.
Comments Syracuse linebacker Doug Hogue’s best friend was on the sidelines watching him play for the first time, so he couldn’t disappoint. Yes, his teammate Derrell Smith was watching, not playing. He was a spectator seated behind the linebackers bench versus Rutgers, nursing an injured knee. The Orange’s middle linebacker and centerpiece of the defense, Smith got a message from his best friend before the game began. ‘Yo ‘Rell, this is for you,’ Hogue said. Hogue filled Smith’s shoes — and then some — as the defense leader against the Scarlet Knights, setting a new Syracuse single-game record with 6.5 tackles for loss along with 3.5 sacks. His performance earned him a national defensive Player of the Week award. The performance helped Syracuse to a 31-13 win that showed the potential for what the football program could become under second-year coach Doug Marrone.AdvertisementThis is placeholder text ‘I’ve never seen (anybody) in person play that well in my life,’ Smith said. ‘It was crazy what he did.’ Best friends, teammates, roommates. Whatever you’d like to call them, Smith and Hogue are the foundation of a Syracuse defense that is expected to be the strong side of the team in 2010. The Orange defense ranked 13th against the run last season, but looks to improve its 85th-ranked pass defense. With a new quarterback and a young offensive unit overall, SU will rely on its defensive unit to keep pressure off of the offense. That starts with Smith and Hogue. They were two of the 51 players named to the Butkus Award watch list, which recognizes the top preseason candidates for the best linebacker in the country. Said Hogue: ‘Seeing guys coming back again, with another year on the defense and a firm grip on how the defense is run, we expect to do a lot of big things.’ Smith and Hogue’s strong bond comes from their similar backgrounds. Both linebackers were originally recruited by Syracuse to play running back. Smith wasn’t widely recruited coming out of New Castle, Del. Most big schools only recruit in Delaware when they key on a specific player, said Mike Farrell, a football recruiting analyst for Rivals.com. Smith wasn’t that player. With spread offenses and small, fast backs becoming the new fad, Smith had trouble getting noticed with his goal-line back body. But Syracuse wanted to take a chance on him, and Smith liked SU. Smith is a big Donovan McNabb fan — he wore No. 5 when he played for Hodgson Vo-Tech High School. Soon enough, he was a member of the Orange. In 2007, he got the first carries of his career in the season opener against Washington, rushing for 19 yards on five carries. He wasn’t destined to play running back, though. Linebacker was his calling. Two games into that sophomore campaign, he flipped over to linebacker. It was tough to move from offense to defense in-season, but Smith’s work ethic made the transition less rocky. ‘He did anything that was beneficial to help out the team,’ said Frank Moffett, Smith’s high school coach. ‘I always joke with him that I was grooming him for linebacker. He was a cornerback, and his senior year we changed our scheme and moved him to outside linebacker.’ Hogue was a much more acclaimed recruit out of high school. It was a big recruiting win for the Orange when he chose Syracuse over Penn State. Thus, he came in with high expectations. Those high hopes were validated when he broke off an 82-yard touchdown run against Rutgers in 2008. Last year was supposed to be Hogue’s transition year. In an effort to get such an athletic player more playing time, he was shifted from running back to linebacker. There were certainly some early struggles, but Smith was there to help ease the transition. He took Hogue under his wing. ‘When (Hogue) came over, obviously it was a little rough at first, coming in to a whole different side of the ball,’ Smith said. ‘(But) I really didn’t help him. He helped himself. You see what he did last year.’ Hogue disagrees. Having Smith as a mentor was one of the contributing factors in a successful 2009 for Hogue. Here was a guy who had been through all of the same situations two years earlier that Hogue was going through now. Hogue was a quick learner. He made positive strides every week, culminating in his banner day against Rutgers — the same team he burned on the other side of the ball a year earlier. ‘I remember Derrell telling Doug, ‘Now you can be the man’ (after Smith’s injury),’ SU linebackers coach Dan Conley said. ‘He was kind of teasing him a bit, but (Doug) had a lot of support from Derrell. I think they’re both going to be leaders of the football team.’ With six freshman linebackers on the squad, it’s obviously important to have leaders like Smith and Hogue. They are mentors for the players who will replace them a year from now. But it’s not like there was any doubt that these best friends could step up as leaders. ‘When we came in, we felt the same way they felt,’ Smith said. ‘We went through the same things (they’re) going through. It’s easy to try and help them out and to teach them the ropes so that they don’t have to go through the troubles we went through when we first got here.’ But even though being a leader is nice, Smith and Hogue know Syracuse needs to start winning now. A long-term plan to build up the program is of no use to Smith and Hogue. Smith is a redshirt senior who has already graduated and is now going for his master’s degree. This is Hogue’s senior year. They plan on going out with a bang. Whether the season ends in a bowl game or not, Smith and Hogue will be giving it their all to help the Orange reach that stage for the first time since 2004. And even if it may seem like a longshot, these two have beaten the odds their entire career. ‘Everyone’s got to catch on fast,’ Smith said. ‘As leaders, that’s our job — to bring the young guys along to where we think they are right now. To build the whole culture of the program in (the) tune that we don’t give up. We don’t quit. And that you do everything to perfection. Perfection is the goal. ‘Even though it’s probably not attainable, perfection is the goal.’ email@example.com Published on September 1, 2010 at 12:00 pm Contact Mark: firstname.lastname@example.org | @mark_cooperjr Facebook Twitter Google+
In the tournament Decker, a standout who won the 2012 Patty Kazmaier award, is tied for the team in lead in points with her six points that includes two goals and four assists.Knight, who is competing in her second Olympics, has five points so far in the tournament on two goals and three assists. Her first goal in the tournament came 53 seconds into Team USA’s opening round game against Finland and was the fastest goal ever to open an Olympic game.With three goaltenders on the U.S. roster, Vetter has seen most of the time in net, starting three of the four games so far. She possesses a 90.9 save percentage and a 1.69 goals-against-average. Having seen most of the time in net in the tournament, it would appear Vetter will get the in the gold medal game — she started in goal in the gold medal game in Vancouver in 2010 as well.Duggan, despite only tallying one point so far, is the captain of the American squad and should be an equally important part of the final game both intangibly and statistically.Meaghan Mikkelson is the only former Badger on Team Canada. The United States women’s hockey team will get the rematch it was hoping for, with several former Badgers playing key roles.With the Americans’ resounding 6-1 win over Sweden Monday in Sochi, they secured their spot in the gold medal game against Team Canada. And among those who will take part in the gold medal matchup will be four former Wisconsin women’s hockey stars who now play for the U.S.Those four players include Hilary Knight, who was a Badger from 2008-2012; Brianna Decker (2009-2013); Meghan Duggan (2007-2011); and Jessie Vetter (2004-2009).Not only will those four be part of the gold medal game Thursday morning at 11 a.m. central time, but they all played crucial roles in getting the U.S. to the game in the first place. In the semifinal against Sweden, Decker tied for the team lead in scoring with her goal and two assists — her goal being the final one of the game for the United States. Vetter, on the other hand, only saw nine shots, coming up with eight saves in the process, to pick up her third win of the tournament.Great win against Sweden!! Playing for a Gold medal Thursday!! #otot #TeamUSA pic.twitter.com/WiuM9g80tt— Jessie Vetter (@Vetter31) February 17, 2014
Looking to hold off third-place Michigan in the standings, the No. 12 Wisconsin women’s soccer team (15-2-1, 9-2-1 Big Ten) will travel to Champaign, Illinois to take on the Illini (10-7-1, 5-6-1 Big Ten) this Friday for their final match of the regular season riding a four-game winning streak.While conference leader No. 3 Penn State (16-2, 11-1 Big Ten) clinched the regular season title last weekend following a 2-1 victory over Iowa Sunday, the Badgers can still clinch the second seed in the Big Ten Tournament with a victory over the Illini Friday.Despite a blistering start to the season with a 9-2 record over their first 11 games, Illinois has cooled-off significantly since their victory over Ohio State in late September. In their past seven contests, the Illini have posted a dismal 1-5-1 record, falling victim to several Big Ten powerhouses including Penn State, Rutgers and Michigan.Wisconsin redshirt senior forward Kodee Williams, who is coming off of a storybook ending to her regular season career at home, emphasized the importance of staying levelheaded going into each conference game, as the Big Ten has been an unpredictable conference all season long.“As always, it’s going to be a tough game, [Illinois] has one of the leading scorers in the country,” Williams said. “We’re going to keep doing the same in our preparation and hopefully keep playing like we’ve been playing.”The star forward, Williams, is referring to Illini redshirt senior Jannelle Flaws, who currently leads the Big Ten in goals with 17. While she currently finds herself in a two-game scoring drought, Flaws has scored in 53 percent of her team’s goals this season.Williams might not have as many goals as Flaws, but when she does score, she certainly makes them count. Of the six goals that Williams has scored so far this season, five of them have been game-winners for the Badgers, tying her for the lead in the Big Ten.The other player with five game-winners: Williams’ fellow senior, forward Cara Walls.Walls and Williams’ efforts are due largely in part to the effectiveness of Wisconsin’s midfield all season long. By acting as a facilitator on offense and drawing multiple defenders at once, sophomore Rose Lavelle will look to shred the Illini defense like she has been doing all season, finding open lanes and racking up a team-high nine assists. Complementing Lavelle has been junior Kinley McNicoll, the attacking midfielder who currently leads the team with 23 total points.The Wisconsin defense is having a remarkable season of their own with 11 shutouts. Redshirt senior goalkeeper Genevieve Richard will aim to extend Flaws’ scoring drought to three straight games. Coming into Friday’s match, Richard leads the Big Ten in virtually every goalkeeping statistical category and has allowed just seven goals in 18 games to the tune of a .899 save percentage.Following her back-to-back shutout performances at home over the past weekend, Richard earned her third Big Ten Defensive Player of the Week Award of the season. To ensure that she stays sharp over the final stretch of the season, Richard said her main focus is maintaining her health and keeping a mental edge.“I think it’s just trying to focus on the quality of my work and making sure I’m consistently focused,” Richard said. “I think that’s going to be the key player in the tournament when you get tired and it’s mostly about focus and mistakes that can make you lose again.”Playing a huge role to the success of Richard this season has been the experienced, intelligent play of Wisconsin’s back line, anchored by junior Brianna Stelzer and redshirt senior Alexandra Heller. The lack of turnovers and consistent recognition of plays by the defense to shut down opposing offenses has helped contribute to the Badgers’ exceptional .39 goals-against average on the season.As UW head coach Paula Wilkins closes out the most successful regular season of her eight-year tenure in Madison, she acknowledged that despite the team’s success, there’s always room for improvement.“I think they know that we’re still working on things and making them better. We’ve been talking about adjustments in practice,” Wilkins said. “I think it comes from good leadership from our older players and some of our younger players, to be honest. I think this group is the most focused I’ve had here at Wisconsin going into this part. They’re excited and know that they put the work in. That really gives them the confidence.”Friday’s regular season finale for the Badgers is slated to start at 7 p.m. from the Illinois Soccer and Track Stadium.
The Lauderhill Regional Chamber of Commerce (LRCC) is excited to celebrate another year of highlighting women during National Women’s Month who are making an impact in their communities and leading their companies 365 days a year. The 5th Annual Women of Distinction Awards Breakfast, powered by the Florida Panthers, taking place today, March 2nd, 7:30am-10:30am, at the BB&T Center, Sunrise. This year’s 10 honorees include: Habitat for Humanity; Scarlette Adrienne Clarke, Director of Marketing, Yellow Cab Broward; Bertha Watson Henry, County Administrator, Broward County; Dr. Winnifred McPherson, CEO, Virtue Medical Staffing Services, LLC; Jackie Nespral, Television Anchor, NBC 6; Juliet Murphy Roulhac, Regional Manager for Corporate External Affairs, Florida Power & Light Company; Djénane St. Fleur Gourgue, Vice President, Haitian American Chamber of Commerce; and Dr. Victoria Thurston, Retired Elementary School Principal. This year’s Keynote Speaker is U.S. Congressional Candidate Pam Keith! “In the fight for our future, there has never been a more critical juncture to preserve the fabric of our democracy. Our nation is one born of the ideals of the people, for the people, by the people. The future is female, it’s our time,” Pam Keith.
London, United Kingdom | AFP | Five things on Romelu Lukaku after Manchester United agreed a fee with Everton for the transfer of the Belgian striker on Saturday.Lukaku not lost in translationLukaku is fluent in six languages including Portuguese and Spanish. “I think education is very important. It was important for me to have my diplomas at school so I could also go to England,” he said in 2012. “Education is very important in Belgium and, if you didn’t do well at school in the week, you couldn’t play football at the weekend. You can have an injury and then you won’t play at the highest level any more. If you don’t have a diploma, what then?”Drogba his idol but with qualificationsHis idols are Ivory Coast legend Didier Drogba — who did make it big at Chelsea unlike Lukaku — and the Belgian international’s father Roger who was capped by the then Zaire (now Democratic Republic of Congo). However, Lukaku junior made it crystal clear in 2012 when Chelsea had sent him on loan to Premier League rivals West Brom that idols did not mean he wished to be compared to them. “Am I fed up being compared with Drogba? Yes,” he said. “In the beginning it was nice to hear that, but every player wants to make his own name. I want to make my own name. Drogba was my big idol and so was my father, who also played in Belgium. I want to be myself. I want the people to say “this is Roman Lukaku, not the new Drogba”.Dad the guiding lightAny in-depth interview with Lukaku reveals that his father Roger has had the most profound influence on his life whether it be in education or his football career. It was tough love but it has paid off big time. “Very strict,” Lukaku told www.goal.com in 2011 regarding his upbringing. “My father told me, ‘You must always have a goal and do everything to reach it’. Ever since I was six or seven, I wanted to be a professional footballer.” The Crying GameAs a teenager Lukaku and his schoolmates at Saint-Guidon Institute in Brussels were subject of a documentary ‘De School Van Lukaku’ (Lukaku’s School). Part of it filmed them on a trip to London and a visit to Chelsea’s Stamford Bridge Ground which left Lukaku overwhelmed. “Give me a ball and I will play here for five hours, What a stadium. If one day in my life I will cry, it will be the day I play here. I love Chelsea,” he says. The teacher accompanying the group urged a certain restraint from his pupil. “You can dream on later,” he says. Nevertheless undeterred Lukaku insists he is not fantasising. “This is not dreaming. I will do it. One day I will play here.”Spoils Fergie’s United farewellAlex Ferguson will be content for United they have secured such a talent and the legendary Scottish manager has good reason to recall the last time they crossed paths. It was Fergie’s last match in charge of United away at West Brom and at 3-1 up at half-time United looked set to give him a perfect send-off. However Lukaku being sent on as a second-half substitute changed it all. He scored almost immediately but United then went 5-2 up. However, three goals inside the last 10 minutes forced a remarkable 5-5 draw with Lukaku emerging with a hat-trick.Share on: WhatsApp