LandSec in Stag move

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Optimistic return expectations putting pensioners at risk, ASR warns

first_imgParticipants in Dutch pension funds are at risk following too low contributions due to overly optimistic return expectations, pensions insurer ASR has warned.ASR director Fleur Rieter and vice-director Arthur Arbouw said pension funds were failing to recognise the combined impact of low funding, indexation targets and smoothing premiums.Participants are “very unlikely” to receive promised indexation under these conditions, Rieter argued, and could even face a rights discount. “Pensions funds must better inform their participants about the effect and the risk of low contributions,” she said. According to Rieter, last year, more than three-quarters of pension funds applied a smoothed premium, and a large proportion based their policy on the maximum allowed assumptions for returns.“These highest assumptions, such as 7% for equity, are too ambitious,” Arbouw said.He said the return parameters used for setting contributions should reflect real market expectations.“In the case of the civil service scheme ABP, for example, it is clear there is pressure from employers to keep contributions low, and I can imagine that the same goes for other sectors,” he said. “However, it is the participants who must deal with the consequences.”last_img read more

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Schroders: World on course for 4°C warming (for now)

first_imgThe asset manager’s view was based on an assessment of 12 indicators – which it called the Climate Progress Dashboard – that it identified as the key reasons for and controls of climate change, spanning politics, business, technological progress, and energy.Andy Howard, head of sustainable research at Schroders, said the dashboard “provides an objective and transparent view of change and should help investors base decisions on the outcomes we are likely to see, rather than those we would like to see”.The asset manager said investors’ focus “on what should happen, rather than what is happening, has become increasingly untenable as momentum builds and potential risks crystallise in the form of real financial impacts”.It described investors as having relied more on “anecdotes and headlines” than objective analysis to gauge progress on limiting global warming. Investors have been faced with “a confusing, changeable and often contradictory range of climate signals”, Schroders said.The dashboard was intended to help them cut through these signals to develop an all-round view of where things stand and how they may change. Having such a view was becoming more important “as activity picks up and rhetoric becomes action”, the asset manager said.The 12 indicators that Schroders identified are: political ambition, public concern, political action, corporate planning, climate finance, carbon prices, electric vehicles, renewable capacity, carbon capture and storage, oil and gas investment, coal production, and oil and gas production.Developments in each of the areas captured by the indicators pointed to temperatures rising above 2°C, although the implied outcomes vary across the indicators.Global political action, for example, pointed to a 3.6°C temperature rise, while current oil and gas production levels are consistent with a temperature rise of 5.8°C, according to Schroders’ analysis.The outlook was brightest for political ambition, although this would also fall short of the 2°C target, according to Schroders.Looking at individual countries’ targets to contain greenhouse gas emissions, the manager said these suggested a temperature rise of 2.8°C.The dashboard can be found here. The world is on course for a long-term temperature rise of 4°C, rather than the 2°C maximum target set by the Paris agreement on climate change, according to analysis from Schroders.However, it said the gap between action and rhetoric on fighting climate change is closing and that investors need to be prepared for changes to investment valuations as a result of this.“At some point, we expect markets to recognise this new momentum and to reassess valuations for a much more aggressive pace of decarbonisation in the future,” it said.“Investors who are unprepared or who have relied on overly simplistic analysis risk losses and missed opportunities.”last_img read more

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Bulldogs And Pirates Battle It Out In Golf

first_imgBoys Golf results for Monday (5-1) at Greensburg. Match was played on the front 9 of Greensburg CC.Batesville vs. Greensburg Boys Golf (5-1)Team Scores:  Greensburg 186, Batesville 202.Match Medalist:  Trevor Stapp-Greensburg (+9) 44.Next Match:  Batesville Invitational (5-6).Record:  15-16 (3-2 EIAC).Courtesy of Bulldogs Coach Ben Siefert.last_img

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Barcelona 3-1 Napoli: Partenopei out of Champions League

first_img Moments later, it was almost 3-2, because Gerard Pique made a desperate block to prevent Jose Callejon volleying in from eight yards with the last kick of the half. Gattuso threw on Stanislav Lobotka for Diego Demme at the break, and just like the first half, they came out fighting with a determined press all over the pitch. After a series of corners, the deflected Mertens volley was flicked into the arms of Ter Stegen from close range by Insigne’s head, then Pique needed another good sliding block on Insigne at the by-line. Matteo Politano and Hirving Lozano came off the bench for a 4-2-3-1 formation and it almost immediately worked, the Mexico international turning a free header over from Insigne’s cross. Napoli had so many corners that it became inevitable Arkadiusz Milik would be thrown on eventually, and within 30 seconds of coming off the bench, the Pole had the ball in the net with a header but was narrowly offside. read also:Barcelona coach dismisses talk of sack if Napoli win Milik had a strike charged down and as the move continued, Politano floated across to the back post where Lozano’s header thumped the upright from point-blank range. Suarez was booked in stoppages for time-wasting, as Napoli ended the game with more shots on goal, more possession and practically the same number of passes. Barcelona 3-1 Napoli (4-2 agg) Lenglet 10 (B), Messi 23 (B), Suarez pen 45 (B), Insigne pen 45+5 (N) Barcelona: Ter Stegen; Semedo, Pique, Lenglet, Jordi Alba; Sergi Roberto, Rakitic, De Jong; Messi, Suarez (Junior Firpo 92), Griezmann (Monchu 84) Napoli: Ospina; Di Lorenzo, Manolas, Koulibaly, Mario Rui; Fabian Ruiz (Elmas 79), Demme (Lobotka 46), Zielinski (Lozano 70); Callejon (Politano 70), Mertens, Insigne (Milik 79) Ref: Cakir (TUR) FacebookTwitterWhatsAppEmail分享 Promoted Content10 Risky Jobs Some Women DoThe Very Last Bitcoin Will Be Mined Around 2140. Read More11 Most Immersive Game To Play On Your Table TopThe Top 9 Oddest Underwater Discoveries No One Can Explain6 Of The Best 90s Shows That Need To Come Back ASAPA Hurricane Can Be As Powerful As 10 Atomic Bombs8 Superfoods For Growing Hair Back And Stimulating Its Growth7 Ways To Understand Your Girlfriend BetterYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime14 Hilarious Comics Made By Women You Need To Follow Right Now10 Phones That Can Easily Fit In The Smallest PocketA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day Napoli were undone by defensive errors, Lionel Messi magic and their own poor finishing, as they had more possession at Camp Nou, but lost 3-1 to Barcelona. Dries Mertens and Hirving Lozano hit the woodwork, while Lorenzo Insigne’s penalty was not enough, going out of the Champions League 4-2 on aggregate. Follow all the action as it happens and give your views on the LIVEBLOG. The first leg ended 1-1 back in February, meaning the Partenopei had to score at least once here to have any hope of progressing to the quarter-finals. Insigne shook off a groin injury to start with Dries Mertens, but Barca had Arturo Vidal and Sergio Busquets suspended, Martin Braithwaite not in the squad, Arthur Melo refusing to play after signing for Juventus, Ousmane Dembele, Samuel Umtiti and Jean-Clair Todibo injured, so options were limited for coach Quique Setien. Napoli almost scored within two minutes at an empty Camp Nou, as Insigne’s cross took a double deflection to land at the feet of Mertens, whose scuffed finish cracked against the outside of the near post. The Italians had an excellent start to the game and were taking the initiative, but it was Barcelona who broke the deadlock on a corner. Clement Lenglet had a free header, because he shoved Fabian Ruiz into Kalidou Koulibaly, taking both of them out of the equation, but VAR decided it was not a foul. There were no arguments about the second goal, because Leo Messi pulled out a moment of magic. He cut inside from the right, squirmed between two players, still managed to hook the ball back into his path, then steered a curler into the far bottom corner while falling over. Messi had put the ball in the net again on 30 minutes when David Ospina parried the Luis Suarez strike, then Messi chested down a Frenkie de Jong cross to dink it over the goalkeeper. However, after a very long VAR check, it was disallowed for a slight handball as he controlled. VAR was called again when Messi snuck up behind Koulibaly and got his foot in the way when the defender swung the boot to kick the clearance. It was entirely unintentional, but still a penalty and also extremely sore for both of them, so Suarez converted instead of Messi. Moments later, Napoli also received a penalty with a very similar situation, this time Mertens getting in front of Ivan Rakitic. Insigne stroked the spot-kick past Marc-Andre Ter Stegen for a precious away goal. That makes Insigne the first Italian in the modern Champions League era to score away to both Real Madrid and Barcelona.center_img Loading… last_img read more

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Modified Madness checkers fly for Sobbing, Harker rules SportMod Shootout at U.S. 36

first_imgOSBORN, Mo. (May 22) – There were many storylines headed into Modified Madness at U.S. 36 Raceway, such as increased payouts and the Wayne Hicks Memorial SportMod Shootout, but the biggest storyline remained with the track. Feature Results  Throughout the week, thanks to Shaw Excavating and the many people involved, the track at U.S. 36 received a complete makeover to improve track conditions. The storyline at the end of the night no longer was about the track, it was about the racing on it. The track raced multi-grooved and smooth all night long and let the racers go after a chance to reach Westfall GMC Victory Lane. Similar to the Modifieds, the Karl Kustoms Northern SportMods saw Shawn Harker lead the entire race. Matt Andrews tried countless times to make a move on Harker, but never could complete the pass. Shawn Harker made the tow from Nebraska pay off with the Wayne Hicks Memorial SportMod Shootout victory at Osborn. (Photo by Judy Staley) Harker and Andrews’ battle was one of the best of the night as Harker picked up the fourth annual Shootout win. Steven Clancy and Derek Hall battled in a similar fashion for third, with Clancy getting the better of Hall. Northern SportMods – 1. Shawn Harker; 2. Matt Andrews; 3. Steven Clancy; 4. Derek Hall; 5. Cole Wayman; 6. Truman Asher; 7. Tim Stallbaumer; 8. Randy Smith Jr.; 9. Chris Wright; 10. Jacob Swanson; 11. Jeremy Pittsenbarger; 12. Trevor Dunn; 13. Chad Shaw; 14. Tim Eaton; 15. David Willey; 16. Anthony Asher; 17. Shawn Pospisil; 18. Skyler Lane. Jesse Sobbing’s flag-to-flag run at the front of the IMCA Modified Madness field at U.S. 36 Raceway was one of the storylines that played out over the Memorial Weekend holiday at the Missouri speedplant. (Photo by Judy Staley) By Jacob Blair Modified Madness was headlined by the IMCA Modifieds and the drivers chasing the $1,066 winner’s check. Jesse Sobbing led the race from start to finish, but it didn’t come without challenges from several different drivers. Chad Andersen, Chad Clancy and 10th starting Steven Bowers Jr. all had their go at Sobbing. Bowers charged late and made a couple looks for the lead, but Sobbing, already on the Fast Shafts All-Star Invitational ballot, was too strong and picked up back-to-back wins at U.S. 36. Bowers finished second with Clancy in third.  IMCA Modifieds – 1. Jesse Sobbing; 2. Steven Bowers Jr.; 3. Chad Clancy; 4. Chad Andersen; 5. Shayne Bailey; 6. Tyler Hibner; 7. Matt Bonine; 8. Josh Munsen; 9. Michael Dotson; 10. Tony Layne; 11. Chris Brockway; 12. Jim Masoner Jr.; 13. George Burnett; 14. Brandon Verbeek; 15. Norm Ziegenbein; 16. Caleb Dennis; 17. Benjie Douglas. Tyler Drueke was the IMCA RaceSaver Sprint Car winner.last_img read more

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Son set for South Korea military service

first_imgRelatedPosts EPL: Son fires four past Southampton Trio of signings make instant impact as Everton stun Spurs EPL: Spurs, Everton light up London Heung-Min Son is working with Tottenham over the possibility of completing his mandatory four-week military service during his return to South Korea. The 27-year-old was given exemption from the extended 21-month military service after he won the gold medal with South Korea in the 2018 Asian Games. However, he still needs to complete a four-week service and that could begin if the Premier League confirms the season is suspended beyond April 30. The top flight has been halted since March 9 and league chiefs have agreed with English Football League counterparts and player representatives that a resumption will take place only when “safe and appropriate to do so”. Son was given permission by Spurs to return to South Korea for “personal reasons” last weekend as he recovers from a fractured arm he suffered during their 3-2 win against Aston Villa in February.Tags: 2018 Asian GamesSon Heung-minSouth KoreaTottenham Hotspurlast_img read more

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Ferguson hails Giggs’ longevity

first_imgManchester United manager Sir Alex Ferguson does not believe the incredible feats of Ryan Giggs will ever be repeated. The club have confirmed Giggs – who will make his 1,000th senior competitive appearance if he features against Norwich on Saturday – has signed yet another one-year contract extension. The new deal will take the Welshman beyond his 40th birthday and is a reward for his recent stellar performances, including a goal in last week’s win at QPR that kept him in line to land a record 13th league championship. “What an incredible career,” said Ferguson. “He seems to reach a new milestone every week. It’s unique in the modern game, but I think it’s more than that – I don’t think it will ever be achieved again by anyone.” Other than legendary AC Milan duo Paolo Maldini and Alessandro Costacurta, it is difficult to think of anyone who has remained at the very highest level for quite so long, and, as Ferguson has previously pointed out, the physical demands on a defender do not compare to those made on an attacking player. “Twenty-three years in the first team is unbelievable,” said Ferguson. “He is an example to all in the way he looks after himself. I told him this morning I expect a bill from his mother for all the sandwiches and teas she used to make for us when we went to his house every week when we were trying to get him to sign schoolboy forms. “It seems a long time ago. He will be involved (against Norwich) tomorrow and on Tuesday (against Real Madrid) so somewhere along the line he is going to play his 1,000th game this week.” Giggs has always said he was never in a rush to determine his short-term future. There have been points this season when he did not appear to have one. However, he has rediscovered his most effective form over recent weeks and now has a major part to play in United’s treble quest. “I am feeling good, enjoying my football more than ever and, most importantly, feel I am making a contribution to the team,” said the veteran Welshman. “This is an exciting team to be part of, with great team spirit, and we are again pushing for trophies as we head towards the business end of the season.” center_img Press Associationlast_img read more

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Ireland’s Iain Henderson hopes to have locked down Rugby World Cup place

first_imgIain Henderson was moving house this weekend – 24 hours after effectively making himself an immovable World Cup option for Ireland head coach Joe Schmidt. Reflecting on second-row duties, Henderson said: “Players like Paul O’Connell and Alun-Wyn Jones, they do the nitty-gritty work, which maybe is something I need to work on in my game. “In terms of coming from the back-row, I am more of a dynamic carrying player, and maybe I need to get my head stuck in a few more dirtier places.” Despite Henderson showing his quality throughout the contest, Ireland were ultimately punished for their poor discipline, with Wales full-back Leigh Halfpenny kicking three penalties to subdue opponents who regularly got on referee Craig Joubert’s wrong side. “It was frustrating in the first-half, our penalty count,” Henderson added. “It wasn’t good enough, by our standards. “The last two Six Nations, we pretty much won them by being one of the best-disciplined teams. It is something we will work on this week.” Press Association Ulster forward Henderson proved to be the shining light of an often error-strewn Ireland performance as the reigning RBS 6 Nations champions suffered a 16-10 home defeat against Wales in their penultimate World Cup warm-up game. It was Ireland’s first loss at the Aviva Stadium since world champions New Zealand claimed a dramatic injury-time victory in November 2013, with captain Paul O’Connell not making the Dublin farewell to Test match rugby that he would have wanted. Schmidt will now finalise his 31-man World Cup squad, but Henderson should be among the first names on his list after a barnstorming display that included him scoring a try just before half-time. The 23-year-old offers back-row and second-row solidity for Schmidt, with that versatility proving a priceless commodity in terms of any squad selection. “I am moving house at the moment, but it (World Cup squad) definitely will be on my mind,” Henderson said. “I tried to put my best foot forward. Hopefully, the coaches will select me.” Henderson has played most of his rugby in the back-row, but it was at lock where he starred on Saturday, serving further notice of rich potential at the highest level. Schmidt added: “Iain showed a really big work-rate. He made a number of tackles, and a few times when we needed to get guys up and do a chase-line he was pretty prominent a few times there as well. “I think Iain has continued to make progress. He has been a pretty important part of our side for the last two years, and we would expect that would continue. “He is a young man, a good athlete, and we are hoping he will continue to make progress in that manner.” last_img read more

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