Cochrane’s counterpart at VicSuper, Wayne Kayler-Thomson, said the merger would enable the two funds to leverage their combined scale to deliver an even better deal for members.Their research had demonstrated that, by achieving greater scale, the funds could reduce costs and access a broader range of investment opportunities for members, he said.“I initially approached First State Super to discuss the idea of a merger because we wanted to find a way to access the benefits of scale to improve outcomes for VicSuper members,” said Michael Dundon, chief executive officer of VicSuper.First State Super’s CEO Deanne Stewart added that, over time, members would benefit from more diversified investment opportunities and lower operating costs that could only be generated through scale.VicSuper was established in 1994 and manages A$25bn of the retirement savings of workers, primarily in Victoria.First State Super is based in NSW and covers a range of public sector workers from police to firemen, with assets totalling A$100bn. First State Super and VicSuper, two of Australia’s leading profit-to-member super funds, have signed a merger deed to form a A$125bn (€76.8bn) entity serving 1.1 million members.The super funds announced their intentions after conducting comprehensive due diligence on their initial merger proposal, announced in July. The union is effective from 1 July 2020.“The comprehensive due diligence process we have completed highlighted how much we share in common with VicSuper,” said Neil Cochrane, chair of First State Super.“We share a strong cultural alignment and have very similar values, and this has helped our people collaborate effectively and efficiently through the due diligence phase of this project.”
First State and VicSuper sign merger deed
Highlights of the Week
Saipem has secured work orders from Eni Angola in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017.The work, which will be performed by the E&C Offshore division, encompasses the construction and installation of umbilicals, risers and flowlines (deepwater SURF) required for the development of Block 15/06, located 350 km north west of Luanda and 130 km west of Soyo. Nexans informed that it has started the construction of a new cable-laying vessel for submarine HV cable systems installation.Built by Uljanik, a Croatia-based shipyard, the new Nexans vessel is designed for worldwide installation of large volumes of HVDC and HVAC cable systems. The vessel covers the complete Nexans submarine product range, and has a 10 000-tonne capacity turntable, the company said. Subsea World News has put together a recap of the most interesting articles from the previous week (August 28 – September 03). TechnipFMC has been awarded an engineering, procurement, construction and installation (EPCI) contract from Husky Energy for the West White Rose project in Eastern Canada.The contract covers the supply and installation of subsea equipment including tie-in manifolds, flexible flowlines, and control umbilicals, which will connect the West White Rose platform to the existing SeaRose floating, production, storage and offloading (FPSO) vessel. DeepOcean’s Maersk Connector has completed loading of the first phase on the Nemo Link cables in the port of Blyth.Two 59 km long 400kv HVDC XPLE cables were simultaneously spooled from a freighter onto the 7,000 te. split capacity duel concentric carousel.The vessel is now on its way to the UK coast near Ramsgate where it will begin the installation of the cables. Total has started-up production from the Edradour & Glenlivet gas and condensate fields, located in about 300 to 435 meters of water in the West of Shetland area.The Edradour and Glenlivet development will bring additional production capacity of up to 56,000 barrels of boe/d.The Edradour and Glenlivet development consists of a 35 kilometer tie-back of three subsea wells to the existing Laggan-Tormore production system.
Rescheduled Tokyo Olympics need sacrifices from all stakeholders: Bach
International Olympic Committee President Thomas Bach said Wednesday that the postponed Tokyo Games would require “sacrifices and compromises” from all sides to make them work. IOC chief Thomas Bach announcing unprecedented decision to postpone Tokyo Games on Tuesday “These postponed Olympic Games will need sacrifices, will need compromises by all of the stakeholders,” Bach told reporters in a conference call the day after the IOC decided to delay the 2020 Games because of the coronavirus pandemic. The IOC’s role, Bach said, was “to make the Olympic dreams of athletes come true”. He admitted that cancelling the Tokyo Games was “discussed and considered”, but said: “It was very clear from the beginning that cancellation was not something the IOC would in any way favour.” It is the first Olympic Games in peacetime to be postponed. Bach said the rescheduling of the Games in 2021 remained a “very challenging question”. A taskforce, named ‘Here We Go’, had been created to examine the issue, Bach added, saying the first port of call would be with the 33 international federations, likely starting with a conference call on Thursday. “The first step, we have to see with them, to see what the options are. We also have to take into account the sports calendar around the Olympic Games,” the German said. The rescheduling, he added, “is not restricted just to the summer months. All the options are on the table, before and including the summer of 2021”. Both World Athletics and the International Swimming Federation say they are prepared to move their 2021 world championships to accommodate the rescheduled Games. The Athletics world championships are due to be held in Eugene, Oregon on August 6-15 next year, with the swimming worlds at Fukuoka in Japan between July 16 and August 1. – Beating heart of Athletes’ Village – One of the many logistical headaches caused by the historic postponement of the Tokyo Olympics has been the uncertainty around the Athletes’ Village overlooking Tokyo Bay. Touted by developers as a “flagship neighbourhood for urban lifestyles”, the buildings housing the 11,000 competitors were to be hastily repurposed into more than 4,000 condos with stunning city views, some carrying a price tag of 170 million yen ($1.5 million). When asked about how a postponement might affect the Village and its conversion, Bach said: “I cannot tell you what the situation is. “It’s one of the many thousand of questions the taskforce has to address. “It’s the Olympic Village (where) the heart of the Games is usually beating.” Bach, who was part of West Germany’s gold medal-winning foil fencing team at the 1976 Olympics, added: “Of course, I’d be very, very delighted if we could have the Olympic Village in the traditional form. “Everybody who has once lived in an Olympic Village knows that this is the real Olympic experience, that this is a once-in-a-lifetime experience. Read Also: Federer donates $1m to vulnerable Swiss in virus crisis “Living under one roof with the whole world, sharing your meals together, celebrating together, discussing together, and forming this unique Olympic unity.” Bach concluded by saying: “We are at an unprecedented situation and have an unprecedented challenge. “We have to find the best possible situation under the circumstances that we are living in.” FacebookTwitterWhatsAppEmail分享 Promoted Content7 Things That Actually Ruin Your Phone5 Of The World’s Most Unique Theme ParksThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Extreme Facts About Hurricanes7 Universities In The World With The Highest Market Value8 Facts About Sasha Obama10 Risky Jobs Some Women DoBirds Enjoy Living In A Gallery Space Created For Them7 Theories About The Death Of Our Universe Loading…
Lady Bulldogs Lose To Lady Wildcats In Softball
The Batesville Lady Bulldogs were shut out by The Franklin County Lady Wildcats by the score of 10-0 at Brookville. FC wins the JV game 9-6.BHS vs. FC Varsity Softball (5-5)Batesville will welcome Rushville on Friday evening for a 5:30 PM varsity start.Courtesy of Bulldogs Coach Jody Thomas.
Cisse pleased to be back
Cisse told the club’s official website, www.nufc.co.uk: “It has been a very difficult time for me and the club, and also for the fans. “I have had some useful discussions with my club, my family and Islamic teachers in the last few weeks. “After a huge amount of thought and reflection, I have made the decision to follow my team-mates and wear the kit. “Now I think it is important for the team and the fans that we concentrate 100 per cent on football. “Although I did not go to Portugal on the training camp, I was back here working hard on my fitness and preparing for the start of the new season. “Since then, it has been great to be training with my team-mates again. I feel great and ready to go, and cannot wait to be out there against St Mirren on Tuesday and to play my part for the team.” Papiss Cisse has admitted his delight at being able to concentrate on football once again after his exile from the Newcastle squad came to an end. Press Association The 28-year-old Senegal international will return to action in Tuesday night’s friendly at St Mirren having resolved his differences with the club over shirt sponsors Wonga. Cisse, who is a Muslim, did not travel to the Magpies’ training camp in Portugal after refusing to wear the Wonga shirt or training kit because of his religious beliefs.
Formula One organizers cancel Australian Grand Prix amid concern over spreading coronavirus
Formula One organizers cancel Australian Grand Prix amid concern over spreading coronavirus Share This StoryFacebookTwitteremailPrintLinkedinRedditMELBOURNE, Australia (AP) — Formula One organizers cancel Australian Grand Prix amid concern over spreading coronavirus.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 March 12, 2020 Associated Press
Zimbabwe closed down inside two days
(REUTERS) – ZIMBABWE were bowled out twice yesterday as South Africa swept to an easy victory by an innings and 120 runs, as the inaugural four-day Test finished inside two days at St George’s Park.Zimbabwe were dismissed for 68 runs in their first innings and then 121 in their follow-on in reply to South Africa’s 309-9 declared.The one-off Test ended inside five sessions as the gulf in ability between the two neighbours was cruelly exposed.Morne Morkel was the destroyer-in-chief in Zimbabwe’s first innings with figures of 5-21, as nightwatchman Kyle Jarvis top-scored with 23 off 50 balls. Debutant Ryan Burl, who added 16, was the only other Zimbabwean batsman to get to double figures.Zimbabwe, who are bottom of the 10-team Test rankings, started the second day reeling on 30-4 after being put in to bat for the last hour of the first day of the first day-night Test played in South Africa and struggled with the pink ball in unfamiliar conditions.They did show some resistance at the start of their second innings but once their first wicket fell on 51, when Chamu Chibhabha was caught behind, there followed a steady procession of batsmen to the crease as Keshav Maharaj took 5-59 and Andile Phehlukwayo returned figures of 3-13.All Zimbabwe’s second innings wickets fell in a single session between the tea and dinner break. Craig Ervine was their top second-innings scorer with 23 runs.“I don’t think we were overwhelmed but it was a surprise to us to see the ball move around like that. We didn’t assess conditions that well,” said visiting captain Graeme Cremer.“This shows us where we are and where we need to be.”South Africa won the toss and batted first on Tuesday with Aiden Markram scoring 125 and AB de Villiers 53 on his return to the Test arena after a hiatus of almost two years.“The bowlers were exceptional on a very spicy wicket but we still needed to do the basics well and we didn’t miss our mark very often,” said de Villiers.The four-day Test is the first since the International Cricket Council tweaked regulations to give some of the weaker nations a more sporting chance, in the wake of Afghanistan and Ireland being granted Test status.The one-off game against Zimbabwe was also supposed to provide the home team with preparation for their three-Test series against top-ranked side India, which begins next week.But it was much more of a one-sided contest than originally expected and will have provided neither side with any meaningful experience.
Senior captains take charge as Johnson’s crew remains unbeaten
The top-ranked Wisconsin women’s hockey team took three out of a possible four points in a weekend battle with No. 2 Minnesota.The Badgers relied on good team defense, incredible goaltending and timely goal scoring to win the Border Battle against the Gophers and maintain first place in the WCHA.Captains Erika Lawler, Meghan Duggan and Jessie Vetter responded to the Badgers’ first test of the season with impressive performances. The quick and talented Gophers ultimately could not curb the Wisconsin captains as they helped lead UW to a crucial series victory.Vetter, Wisconsin’s goaltender, stopped 60 of the 62 shots she faced on the weekend; a two-time all-WCHA goalie, she neutralized a relentless Gophers attack and provided the Badgers with the edge they needed to win the series. Vetter weathered an early barrage of shots in both games to prevent the Badgers from falling behind early. Wisconsin was outshot 62-41 on the series.“I just have to hang on as long as I can and give the team a chance to win, and they definitely responded well in the third period and played awesome,” Vetter said following the Badgers’ come-from-behind victory on Saturday.Vetter also applauded the courageous performance of Minnesota freshman goalie Alyssa Grogan. Grogan stopped 14 shots and shut out three Badgers in the Gopher’s Friday shootout win. Despite Grogan’s performance on Friday, the Gophers continued their goalie rotation as senior Jenny Lura started Saturday.“She is a very good goaltender. I’ve always been impressed with her; she plays really well. She did very well in the shootout to get [the Gophers] the extra point,” Vetter said of Grogan.After Vetter’s 33-save performance on Friday night, Wisconsin head coach Mark Johnson mentioned how important it is to his team’s success to have a goalie like Vetter.“She played well,” Johnson said. “When we break down, or they create a scoring opportunity, Jessie does a nice job.”Lawler’s shorthanded goal in the third period on Saturday was the game-winner and a turning point in the game. Lawler took a pass from defenseman Malee Windmeier, snuck around a surprised Gopher defender and beat Lura with a shot just under the crossbar. It was Lawler’s third goal of the season. She also had an assist earlier in the period. Lawler is Wisconsin’s sixth-leading scorer of all time.“I didn’t have too much time to think about it, which is probably a good thing,” Lawler said. “Malee head-manned it to me, the quick transition did it for us, and I got it and went as fast I could, and their defenseman got caught a little flat-footed. I was almost thinking I was going to take a slap shot from the outside, but luckily things went our way.”Duggan has a reputation of stepping up in big games, especially those against the Gophers, and she did not disappoint this weekend as her goal on Friday sent the game into overtime. Duggan’s fourth goal of the season came on a power play when her wrist shot from the point found its way to the back of the net.“The puck squirted out to Hilary [Knight], who cycled it Erika [Lawler] who brought it out top,” Duggan said. “I just shot it, and there was a lot of chaos out front, and one of their players went down to block it, and it got redirected into the back of the net.”Duggan, the team’s top returning goal scorer from last year, has 13 points against the Gophers in 13 career games.“It is a huge rivalry throughout the university; everyone has a little extra chip on their shoulder. It’s always a battle,” Duggan said after Friday’s shootout loss.
Wake Forest shuts down Russell, Syracuse offense in ACC championship victory
Facebook Twitter Google+ Published on November 9, 2014 at 4:27 pm Syracuse’s run to the Atlantic Coast Conference championship ended in disappointment Sunday with a 2-0 shutout loss to No. 11 Wake Forest (14-6).To get there, the No. 6 Orange (15-5) defeated two teams it had lost to in the regular season in No. 9 Boston College and No. 1 North Carolina behind six goals from junior forward Emma Russell. Unfortunately for SU, Wake Forest played excellent defense on Sunday, shutting down Russell and the rest of the offense en route to the championship win.Both teams started slowly, with neither getting a shot off within the first nine minutes. When redshirt senior Christine Conroe finally got WFU’s first shot off, she made it count, taking a one-goal lead 15 minutes into the first period. The Demon Deacons would move quickly to extend that lead, as graduate Georgia Holland scored off of a corner just four minutes later to build a 2-0 lead.The Orange only had one shot on goal during the entire first half, as freshman Laura Hurff ripped one at the net that was saved with about 13 minutes left in the period.In the second period, Syracuse’s defense locked up and didn’t allow Wake Forest to score again. The SU offense fired off five shots, including one each from Hurff, Russell and freshman Lies Lagerweij, but no one could find the back of the net as WFU continually made stops.AdvertisementThis is placeholder textAlthough the Orange could not bring home the championship, Russell, junior Alyssa Manley and senior Kati Nearhouse made the All-ACC championship team.Syracuse earned a No. 4 seed in the NCAA tournament and will host Boston University in the first round on Saturday, the NCAA announced Sunday night.Compiled by Ryan Raigrodski, staff writer, firstname.lastname@example.org, and staff writer Connor Grossman, staff writer, email@example.com. Comments
All Black skipper retires
The flanker was on the winning side in 131 of his 148 Test appearances for his country, the first of which was against Ireland in 2001.He says his last game as a rugby player in which he won the World cup was “pretty satisfying” – and will now spend more time on his passion of flying helicopters.