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VBV, APK produce top returns in Austria’s life cycle investment system

first_imgAustrian multi-employer Pensionskassen returned 6.34% on average for 2017, with a wide margin between the best and the worst, according to Mercer.Overall, the multi-employer Pensionskassen well outperformed the few remaining company pension funds in the system, which only delivered 4.07%. This brought the overall average in the second pillar to 6.13%, as previously reported. Mercer Austria’s annual detailed analysis of pension fund results was based on individual providers and different risk categories offered as part of the life cycle model.“The important thing last year was an active asset allocation as well as a constant surveillance of and reaction to the capital markets,” noted Michaela Plank, occupational pension expert at Mercer Austria. She added: “Focusing on emerging markets and alternative investments also helped boost performance.”VBV came first in the categories with the lowest equity share (under 16% allocated to equity) as well as the highest (over 40%), returning 4.61% and 8.79% respectively.APK topped the two medium-risk categories with its conservative fund gaining 6.94% and balanced fund up 7.1%.Valida produced the best return in the “active” category, for funds with an equity share between 32% and 40%.Mercer’s Plank also mentioned a “significant difference” between the best and worst returns in each category. She cited a 462 basis points difference between the best and worst performers in the “active” category.Valida was also the best performer among the eight providers of Vorsorgekassen – mandatory provident funds managing severance pay money.It returned 3% compared to the market average of 2.15%.Vorsorgekassen are restricted in their risk-taking as they have to guarantee the capital for payout at almost all times.Pensionskassen ‘should be more flexible’In its press release Mercer also called on the government to amend the legal framework governing Pensionskassen to render it more flexible.The consultancy would like to see fewer restrictions on asset allocations, such as the current 30% cap on foreign exchange exposure.Additionally, it proposed making money from pension funds available in certain circumstances, for example when needed for medical care.Thirdly, Mercer noted the Rechnungszins – the rate used to calculate contributions and pension payouts – should only be set when an individual gets closer to retirement, not at the start of employment.“During the saving phase it only leads to expectations on future pension payouts but is not relevant until retirement,” Mercer explained.Regardless of whether or not these proposals are taken up by the government, the Austrian Pensionskassengesetz rulebook will have to be amended this year to implement the IORP II directive.last_img read more

GTT pushes Amazon Warriors to ‘do more’ with Signature Sponsorship

first_imgTHE Guyana Amazon Warriors, one of the most consistent teams of the Hero Caribbean Premier League (CPL), were yesterday given a boost in their bid to ‘do more’, with the Guyana Telephone and Telegraph (GTT) Company Limited being announced as the team’s Signature Sponsor.The announcement came with much fanfare and also the unveiling of the Guyana AmazonGTT’s CEO Justin Nedd (left) and Guyana Amazon Warriors representative Ashminie Jailall, after their symbolic signing yesterday. (Delano Williams photos)Warriors’ theme song, which was produced by Drew Thoven and performed by local sensation Calvin Burnett.Set to bowl off on August 4 in St Lucia the Zouks will take on the Trinbago Knight Riders. The Guyana National Stadium will host the Guyana Amazon Warriors versus Jamaica Tallawahs game on August 17, Trinbago Knight Riders two days later, followed by a clash against Barbados Tridents on August 22, and would wrap up their four-game home stand against the St Lucia Zouks.The Brian Lara Stadium in Trinidad and Tobago, will host the final this year from September 5-9.“GTT will be bringing the heat, the passion and positive vibes to cricket and the Guyana Amazon Warriors. We promise nothing short of excitement for CPL in Guyana 2017. GTT and the Guyana Amazon Warriors will blaze these stands and grass mound on match day in full party mode,” GTT’s Chief Executive Officer (CEO) Justin Nedd explained.At the VIP area at the national stadium, where media, representatives from GTT, Amazon Warriors players and the National Sports Commission gathered, Nedd Nedd asked Guyanese to “embrace what it means to be an Amazon Warrior. We want you to be strong, courageous and powerful. We want you to stand up for what you believe in and we want you to make a positive impact to your families and the community.”Nedd explained that indeed, his company had taken an hiatus from major sponsorships, more so from sports events, but pointed out that the sponsorship of the Guyana Amazon Warriors presents a perfect opportunity for them to re-enter the ‘sponsorship arena’.Assistant Operations Manager of the Guyana Amazon Warriors, John Ramsingh, said the Franchise is “really very appreciative and pleased to be partnering with the Guyana Telephone and Telegraph Company in doing more, as GTT Slogan says: ‘DO MORE’ for not only the cricket-loving people of Guyana but for the entire population of Guyana.“Together with GTT we plan to unveil a number of promotions and competitions where the people of Guyana will have a chance to participate and get the opportunity to win free tickets to the games or even win a GTT Special Prize. In the coming weeks leading up to the games you will be provided with all the details of these initiatives,” Ramsingh said.Meanwhile, Director of Sport Christopher Jones, in congratulating GTT for its partnership with the CPL through the sponsorship of the Amazon Warriors, was more enthused that the company chose cricket as its reintroduction into the arena of local sponsorship, and wished the team well ahead of the tournament.The Guyana Amazon Warriors had featured in every final of the CPL, with the exception of the 2015 edition where they finished third in the seven-team tournament.However, despite the team’s success, they’ve never hoisted the trophy which was won twice by the Jamaica Tallawahs (2013 and 2016) and once by the Trinbago Knight Riders (2015) and Barbados Tridents (2014).“Champion Teams are made of Champions and with the likes of Martin Guptill, Chris Lynn, Sohail Tanvir and the Man-of-the-Series in the recently concluded West Indies/Afghanistan ODI Series – Rashid Khan, together with all our local home grown players who are here today, we of the Guyana Amazon Warriors know that once we instil the passion, determination, will-power and self-belief in all our team members throughout the tournament, especially in the Final, we are confident that we will emerge as Champions,” Ramsingh said with enthusiasm.The Guyana Amazon Warriors 2017 team; Martin Guptill, Rayad Emrit, Sohail Tanveer, Chadwick Walton, Christopher Lynn, Rashid Khan, Jason Mohammed, Steven Taylor, Veerasammy Permaul, Roshon Primus, Gajanand Singh, Assad Fudadin, Steven Jacobs, Keon Joseph, Steven Katwaroo, Shimron Hetmyer and Muhammad Ali Khan.last_img read more

Syracuse basketball does not receive a single vote in preseason AP Top 25

first_imgThe first Associated Press poll of the season came out Monday, and Syracuse basketball did not receive a vote. It is the first time since the 2009–10 season that the Orange is not ranked in the preseason poll.Four Atlantic Coast Coast teams made the Top 25, including North Carolina (No. 1), Duke (No. 5), Virginia (No. 6) and Notre Dame (No. 19). Four other teams received votes for the Top 25, including Miami (48 votes), Louisville (46), North Carolina State (19) and Florida State (18). Fittingly, Syracuse was picked to finish ninth in the ACC in a conference media poll on Wednesday.In Syracuse’s nonconference schedule, Wisconsin checked in at No. 17 and Gonzaga, Connecticut and Michigan — teams the Orange could potentially face at the Battle 4 Atlantis — are ranked ninth, 20th and 25th, respectively. Georgetown, which SU will visit on Dec. 5, received 23 votes and did not make the Top 25.In the meantime, Syracuse hosts Le Moyne for a 7 p.m. scrimmage Monday and officially opens its season against Lehigh at 7 p.m. in the Carrier Dome on Nov. 13. Comments AdvertisementThis is placeholder text Facebook Twitter Google+ Published on November 2, 2015 at 4:07 pm Contact Jesse: [email protected] | @dougherty_jesselast_img read more

England U16s turn the tables on Spain

first_img30 May 2017 England U16s turn the tables on Spain England turned the tables on Spain in impressive style when they swept to a 15-9 victory in the annual under-16 international. They’ve lost the last three encounters but this year, at Preston Golf Club in Lancashire, they won with a session in hand. Team coach Peter Barber commented: “The team were very keen not to lose for a fourth time and they performed fantastically. They all played a part in the victory, which was great.” He added: “Both teams played very good golf and the standard was very high.” The highlight of the match was the first day singles when all eight England players won and they led 10-2 at the close of play. They wasted no time in clinching the victory on day two, taking 2.5 points from the foursomes, to reach the necessary 12.5 points to claim the trophy. England’s top scorer was Yorkshire’s Barclay Brown who won all four of his games, while Surrey’s Annabell Fuller was unbeaten with three wins and a half. Barber, a former European Tour player who played for England as a boy, inspired the team by telling them: “It is such a proud moment to be playing for England and if you win you will always remember this day, who you played and how you won – I still do.” He had special thanks for Preston Golf Club’s support for the event, which he described as outstanding. The match started as a curtain raiser to the North of England U16 Championship, with England enjoying much success in the encounters at Pannal and Heswall.  It was expanded three years ago into a stand-alone two-day match and until now the Spanish have been all-conquering, winning at Madrid in 2014, at Seacroft, Lincolnshire in 2015 and again in Madrid last year. Past England team members include Ryder Cup player Matt Fitzpatrick and fellow Tour winners Andrew ‘Beef’ Johnston, Tommy Fleetwood and Melissa Reid all figured in the international U16 match back in their early amateur days. The England team was: Barclay Brown of Hallamshire, Yorkshire; Dominic Clemons of Gog Magog Cambridgeshire; Annabell Fuller of Roehampton, Surrey; Tom Gregory from Stoke Park, Berks, Bucks and Oxon;  Charlie Hilton of Ifield, Sussex; Lily May Humphreys of Stoke by Nayland, Essex; Mimi Rhodes of Burnham & Berrow, Somerset and Caitlin Whitehead of Kendal, Cumbria. They are pictured below with team manager Janet Melville and coach Peter Barber. (Images courtesy Trevor Booth). Click here for full scoreslast_img read more

HALL OF FAME JOCKEY MIKE SMITH SEEKS SECOND SANTA ANITA DERBY WIN WITH UP AND COMING BOLO, WHO TRIES DIRT FOR SECOND TIME IN WEST COAST’S MOST IMPORTANT KENTUCKY DERBY PREP ON APRIL 4

first_imgARCADIA, Calif. (March 22, 2015)–A winner of a record 21 Breeders’ Cup races and considered by many to be the best big-money rider in American Racing, jockey Mike Smith figures to be a longshot to win his second career Santa Anita Derby with up and coming Bolo, who will try to turn the tables on top-rated Derby contender Dortmund in the 78th running of the West Coast’s most important Kentucky Derby prep on Saturday, April 4.Dating back to Gallahadion in 1940, the Grade I, $1 million Santa Anita Derby has produced a total of 17 winners of the Run for the Roses, including two out of the last three–I’ll Have Another in 2012 and California Chrome last year.Trained by Carla Gaines and owned by Golden Pegasus Racing, Inc. and Earle Mack, Bolo, a 3-year-old Kentucky-bred colt by Temple City, had won two out of his first three starts with Smith on grass, including the one mile Eddie Logan Stakes on Dec. 27, prior to running a big third, beaten only 1 ¾ lengths, by Dortmund in the Grade II San Felipe Stakes on March 7, which was Bolo’s first-ever start on natural dirt.Although Smith, who’s lone Kentucky Derby win came with longshot Giacomo in 2005, took off of Bolo to ride Ocho Ocho Ocho to an eighth place finish in the San Felipe, he’s more than happy to be back aboard for his next engagement on April 4.Q. You saw Bolo run a big third behind Dortmund in the Grade II San Felipe on March 7. Can he improve enough in the Santa Anita Derby to turn the tables on Dortmund?A. “We’re sure hoping so. He had a slight tendency to get tired the other day. He made a beautiful run, looked like he was going to be a big part of it, but he just got tired. He missed close to three weeks of training in between the Eddie Logan and the San Felipe, so he definitely had a license to need that race and it should move him forward, but you just hope it moves him forward enough.”Q. He’s shown good natural speed on dirt and turf. How important is that to you?A. “It’s good to have a horse that has tactical speed like that, who can put you in the race early and put you in a good spot. It always helps. The first time he ran, he got away real bad. He used to be a little anxious in the gate but he’s gotten a lot better about it and he’s been breaking really well.”Q. He’s by the Dynaformer stallion Temple City and he’s out of a Chief Seattle mare. Does he have the pedigree to be a top-tier Derby candidate?A. “I really think he does. I don’t think distance will be a problem for him whatsoever. Like I said, he got a little tired the other day from missing training but every time I’ve ever ridden him, he’s galloped out like a monster. I don’t think the distance will be a problem, I think it will be a plus.”Q. If Bolo runs a big second or third in the Santa Anita Derby, would you commit to him for the Kentucky Derby, or would you wait?A. “I ride the Arkansas Derby (April 11) after that as well, so I’ll have to see how Far Right (by Notional and trained by Ron Moquett) runs and how Bolo runs in the Santa Anita Derby and go from there. As you know, things can change a lot in these prep races so you don’t want to commit right now. If you commit now and they decide not to go (to the Derby), you may have cut yourself off another horse, so you just want them all to keep taking steps forward and it should be no problem.”Q. If you can take a step back, and assess things as a horseplayer, who’s the best 3-year-old you’ve seen this year?A. “I think Dortmund is the best 3-year-old because he hasn’t missed a beat. He’s the only one that’s been marching straight through. He hasn’t missed training. He hasn’t missed anything. I think he’ll want every bit of a mile and a quarter and he’s already proven he likes Churchill Downs with the way he won there (7 ¾ length one mile allowance win on Nov. 29). American Pharoah ran really well at Oaklawn the other day. I’m not sure how much was in that race and it was his first race back, but he surely can’t be as tight as Dortmund is right now, so I’d have to give the edge to Dortmund.”A native of Roswell, New Mexico, Smith, who will turn 50 on Aug. 10, won the 2007 Santa Anita Derby with Tiago and he was also the regular rider of legendary 2010 Horse of the Year Zenyatta. SMITH OPTIMISTIC, SAYS ‘EVERY TIME I’VE RIDDEN HIM, HE’S GALLOPED OUT LIKE A MONSTER’ last_img read more

Mexico sets Polokwane alight

first_img21 June 2010 Mexico and France met at the Peter Mokaba stadium in Polokwane on Friday in a night that rocked the World Cup host city. For the local spectators, it was a match that made them realise that the World Cup party had well and truly arrived in Polokwane. “It was a brilliant spectacle, and the match took Polokwane to another level,” said Thabo Molokwane, who has been looking forward to seeing a World Cup match in his home town ever since he heard the new stadium was being built. “This was a memorable day for everyone … This is history,” Molokwane said. “It was fantastic for a villager like myself to see world-class players in action at the Peter Mokaba stadium.” Jamie Robb, who had travelled from Johannesburg for the match, said: “It was a great game … The vibe in the stadium was awesome, the Mexicans were great.” The Mexican fans took up an entire stand of the Polokwane stadium, spurring their side on to a 2-0 victory over the French. “They went crazy when a goal was scored, they must have outnumbered the French fans a thousand to one,” said Robb. The city of Polokwane was one of the host cities that received a new stadium, which is wowing fans. The 45 000 seater stadium is the largest in the province of Limpopo, and has changed the sporting atmosphere of the city. “The new stadium is impressive, the massive columns and the way it sticks out above the bushveld,” said Robb. “I would like to watch another game here, it is radical.” Shaina Facey is a 16-year-old local who is thrilled to have the World Cup in her city. “There is an electric feeling here, people are happy and getting behind the teams,” Facey said. “There is something amazing happening here, the World Cup feels like it brought this city together.” Many of the Polokwane residents are excited by the influx of foreign visitors into their city. “We met some of the Mexicans and it was really great to see them around,” said Facey. “It’s very interesting to have foreigners here, I think people are enjoying it.” Source: 2010 Fifa World Cup South Africa Organising Committeelast_img read more

Resource Discovery: Black Jack Jetty

first_imgBy: David Lee Sexton, Jr., MSPexels[Books by Caio Resende, CC0]Grief is a universal burden that all of us are forced to endure all too frequently in our lives. For children, the loss of a parent is likely one of the most profound sources of grief imaginable. Unfortunately, children of military service members are at greater risk of having to endure this unthinkable weight. The inherent dangers that service members face are likely on the minds of their family members all too often. Children will worry about the safety of their deployed parent, and spouses’ worries are two-fold; they must worry about the safety of their loved one, and how they will manage their own grief, in addition to the grief of their children, should the unthinkable happen.It may be difficult to comfort children who have experienced parental loss. As adults, we still struggle when faced with grief, and sometimes find it difficult to express how we feel, mourn, and find some semblance of normalcy or hope following tragedy. Can you imagine how much more difficult it must be for young children? Perhaps one of the best ways to help is to ensure that your children do not feel alone. They may have difficulty rationalizing their loss and begin to feel isolated or hopeless. In this case, it may be beneficial to give them something to relate to, so that they can begin to understand the nature of grief itself: it is natural and it affects us all.Black Jack Jetty by Michael A. Carestio follows the story of Jack, whose father tragically loses his life in Afghanistan. The tale chronicles Jack’s struggle to come to terms with his loss, and culminates in Jack learning to cope with his loss through celebration of life and family. The story is inspired by the author’s loss of his own father, and provides a relatable narrative to help children who have lost a parent come to terms with their own loss. Jack’s struggle with his grief is realistic, depicting all the raw emotion one might experience during mourning, to help readers realize their emotions are normal. At the closing of the book, the author provides support to readers and writes about what children can expect while coping with their own loss. To learn more about this useful resource, click here.Want to Learn More?Check out MFLN Family Development’s Podcast Anchored. Episode 13-Handle with Care: Helping Children Cope with Parental Loss. During this episode, Irene McClatchey, Ph.D., discusses the effects of grief on children and how to effectively intervene in order to help them process the loss of a parent through illness, injury, or death. Dr. Irene McClatchey is a Licensed Clinical Social Worker currently serving as an Associate Professor and Director of the MSW program at Kennesaw State University. After an extensive sojourn in hospice, Irene developed children’s bereavement groups and grief camps and designed new treatment tools for work with children experiencing grief. Irene left the clinical arena in 2003 to further her knowledge about children and grief through studies and research.last_img read more

10 months agoMan Utd ace Mata relaunches blog: Let’s be positive

first_imgMan Utd ace Mata relaunches blog: Let’s be positiveby Paul Vegas10 months agoSend to a friendShare the loveAfter victory at Cardiff City, Manchester United midfielder Juan Mata is again writing for his personal blog.He opined: “Without doubt, it is one of the busiest times of the year in terms of the amount of games there are in English football.”We have two games at Old Trafford and we want to close out December in the best possible way: with two wins.”Obviously, it has been a different week with the change of manager and I’d like to thank Jose for the trophies we won together and wish him luck for the future.”As you will all be aware, the legendary Ole Gunnar Solskjaer is our new boss and we couldn’t have started off upon his return to the club in a better way. “It was a convincing win against Cardiff and it will raise morale going into the end of 2018 and the rapidly approaching New Year. “It is time for be optimistic, to look ahead and keep working hard to climb up the table. We are really motivated to do so while entertaining our fans, who deserve so much.” About the authorPaul VegasShare the loveHave your saylast_img read more

10 months ago​SACKED! Stoke City fire Rowett after eight months

first_imgTagsTransfersAbout the authorAnsser SadiqShare the loveHave your say ​SACKED! Stoke City fire Rowett after eight monthsby Ansser Sadiq10 months agoSend to a friendShare the loveStoke City have parted ways with manager Gary Rowett.The Potters had appointed Rowett and given him a good transfer budget in the hopes of challenging for promotion.But the team are struggling to remain in the Championship, which was not the intended target at the start of the season. Rowett and his staff are sacked immediately.Per a Stoke statement: “Rory Delap, Kevin Russell and Andy Quy will take charge of first-team affairs” until a permanent boss is appointed.Rowett only lasted in the job for eight months. last_img

9 months agoMohamed Elneny marks 3 years with Arsenal

first_imgMohamed Elneny marks 3 years with Arsenalby Paul Vegas9 months agoSend to a friendShare the loveArsenal midfielder Mohamed Elneny has marked his three-year anniversary with the club.The Egyptian has barely featured under Unai Emery this season, playing just once in the Premier League in the 3-1 win over Burnley just prior to Christmas.And on the three-year anniversary of his arrival at Arsenal, Elneny posted two tweets which caught the attention of fans.He wrote: “The 14th of Jan is a day that will always be engraved in my heart,” tweeted Elneny. “Three years ago, on this same day, I joined the Arsenal family.”I call it family, because it is how it’s like to be here at Arsenal. I’m grateful for every single moment during those three years, the tough moments and the many happy ones.”I’m grateful for the one of a kind fans, for the coaches, for the colleagues who became real brothers, for everyone.. I’m grateful for the past and I’m very much looking forward to the future.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more