Structural changes such as asset and liability pooling in the private sector, more action against underperforming schemes and greater regulatory flexibility must be among the mix of possible measures that need to be considered to address the challenges facing UK pension schemes today, said Joanne Segars, chief executive of the country’s industry association.Opening the second day of the Pensions and Lifetime Savings Association (PLSA) investment conference, Segars set out four main areas where change was needed to ensure that – against a challenging backdrop of low interest rates, volatile markets and longer life expectancy, and a £320bn-plus section 179 deficit – the UK’s funded pension schemes can continue to provide for their 16m members.The PLSA, for its part, has just launched a defined benefit (DB) taskforce to tackle these questions.Segars stressed the need for action “now” from government and regulators but also said the industry itself could take steps to make a difference. With respect to the latter, there is a need for some “honest conversations” about the efficiency of schemes despite improved trusteeship in recent years, said Segars, who asked whether there was a case for more action against schemes that fail to live up to the mark.Structural changes to schemes themselves may also have a part to play, she said, asking whether something like the pooling underway in the local government pension scheme (LGPS) sector could be replicated in the private sector in a bid to reap investment efficiencies.“Can we go further and think about what that might look like on the liability side of the equation?” she added.Regulation, meanwhile, needs to be more flexible and mature to help schemes be more efficient and sustainable, according to Segars.More specifically, valuation periods longer than triennial are needed, she said.As to “thinking the unthinkable”, she asked whether liabilities could be rebalanced.She argued that some risk aversion came from regulation that made schemes more risk averse than they might like to be.Separately, she welcomed the FCA’s market study of the asset management industry as a contribution to making markets “work better”.The study “asks important questions about the value chain”, said Segars, questioning some of the pricing disparity in the asset management industry that can be seen if you “scratch beneath the surface”.For example, almost identical global equity mandates can be bought for 45-90 basis points, while the difference is even starker in active real estate, she said. The Financial Conduct Authority’s study and whether the asset management industry is serving pension funds and other end investors has been a big theme of the PLSA conference, surfacing as a topic during speeches and panel discussions. On the topic of cost, UK pension funds were recently urged to look towards the cost-reporting framework established in the Netherlands, with an industry kite-mark proposed.
PLSA chief outlines possible solutions to UK pension challenges
Could an outdoor bath be this Gold Coast house’s selling point?
The main living areas overlook the water.Surrounded by tropical plants and wood panelling to give it a sense of privacy, it’s like a day spa retreat without the hefty price tag.The Bayside Close property, which is on a 1264sq m riverfront block, embraces the luxury tropical resort style.MORE: Hinterland beauty finally has a buyer Marketing agent Matt Gates, of Ray White Prestige, said in his listing the three-bedroom family home had all the amenities expected of a prestige property.“This relaxed but immaculate residence boasts a large temperature controlled wine cellar, ample living areas and flaunts a kitchen that the finest of chefs would only dream of,” he said. The Bayside Close house also has a pool.More from news02:37International architect Desmond Brooks selling luxury beach villa14 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago The alcove is attached to one of the three bedroom’s bathrooms. First time on the market in 50 years The Sanctuary Cove property is on a 1264sq m block.“The casual indoor living spaces flow effortlessly, all with views over exquisite waterways, gardens and the resort-sized swimming pool.”The property is listed without a price.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 home00:51 The kitchen with wine cellar is fit for a chef. Kick back and relax in your own private day spa.AS the weather starts to heat up on the Gold Coast, house hunters are keeping their eyes peeled for homes that make the most of the great outdoors.Pools and entertainment areas often top the list of “must-haves” but could an outdoor bath be a selling point?One of the standout features of a Sanctuary Cove property that has recently hit the market is a freestanding bath as well as a shower in an outdoor alcove.
Wooden spoon spanking not abuse – US court
Dominion Post 9 Oct 2013A San Jose appeals court has ruled that using a wooden spoon for a spanking that causes serious bruising should not necessarily translate into a finding of child abuse.In a ruling designed to establish legal precedent, the 6th District Court of Appeal overturned a trial judge’s finding that a South Bay mother should be reported for child abuse for trying to resolve discipline issues with her 12-year-old daughter by spanking her so hard with a wooden spoon it severely bruised her.The unanimous three-justice panel concluded that while the April 2010 incident may have been on the outer boundaries of parental discipline, the overall circumstances did not warrant a child abuse report.“We cannot say that the use of a wooden spoon to administer a spanking necessarily exceeds the bounds of reasonable parental discipline,” Justice Conrad Rushing wrote for the court. Ms Gonzalez and her husband, according to court papers, had grown increasingly concerned with their daughter’s conduct at the time of the incident, citing the fact her schoolwork had deteriorated, she’d become “boy crazy” and was showing “growing interest in gangs”.The parents had decided to turn to spanking if the problems persisted, and the mother resorted to the wooden spoon after the daughter failed to come home until late at night on the April 2010 evening. Court papers show that other relatives later told social workers that spanking was a rarity in the family, and the mother testified she did not know she was causing any physical harm or bruising when she used the spoon.The appeals court concluded that the mother’s motivation for imposing discipline and lack of intent to inflict physical harm were important factors in overturning the child abuse findings.“Nothing in the record suggests the mother should have known she was inflicting bruises,” the 6th District wrote. Noting the family’s reasoning for using the wooden spoon, the court added that “the spanking was entirely the product of a genuine and deliberate disciplinary purpose, i.e., to arrest troubling behaviour patterns exhibited by the daughter”.http://www.stuff.co.nz/dominion-post/news/world/9263127/Wooden-spoon-spanking-not-abuse-says-US-court
LIAT launches new Antigua-San Juan flight
Share Share BusinessLifestyleNewsRegionalTravel LIAT launches new Antigua-San Juan flight by: Caribbean News Service – October 27, 2015 45 Views no discussions Tweet Sharing is caring! Share ST JOHN’S, Antigua, Oct 27 2015 – Regional carrier LIAT has a new flight between Antigua and San Juan.The new service, which launched Tuesday, will operate every Tuesday, Thursday and Saturday.The nighttime flight departs Antigua at 8:25 PM and arrives back in Antigua just after midnight.“This new flight will allow Antiguan customers to take LIAT’s morning flight to San Juan, enjoy a full day in Puerto Rico for shopping or business and take advantage of a same day return flight back to Antigua,” the company said in a statement.There are now 10 nonstop flights between Antigua and San Juan per week, as well as a daily service via Tortola.
Registration open for the ‘Christmas Bird Count’
Batesville, In. — Nature enthusiasts are invited to participate in the longest-running citizen science survey- the National Audubon Society Christmas Bird Count. For the 118th year between December 14 through January 5 residents are invited to share observations from their locations.From at least 50 locations in Indiana, volunteers will track health and population size. The information provides a crucial snapshot of native bird populations in the winter months.To sign up or for more information look online here.
Infant Adalynn Rose Miller
Infant Adalynn Rose Miller died Saturday, December 29, 2018 at Margaret Mary Health shortly after her birth. She is the daughter of Dominique Gagne and Jamie Miller of Laurel. She is also survived by maternal grandparents Joyce and Doug Gagne of Sunman; paternal grandmother Connie Miller of Batesville; maternal great grandparents Bob and Rita Amberger of St. Mary’s, Darlene Fox of Dover; Paternal great grandmother Eunice Miller of Batesville as well as numerous aunts, uncles and cousins. Private services will be held. Weigel Funeral Home is in charge of arrangements. Go to www.weigelfh.com to share a memory and for online condolences.
No 39th game – Scudamore
Press Association The Premier League chief executive, who is behind plans for the English top-flight teams to play a 39th fixture overseas, admitted the plans would get “no nearer” to completion due to the weight of opposition and other factors. On Friday it was confirmed that Premier League matches would be screened live on Friday nights from the start of 2016/17 season as the top-flight aims for another bumper TV payday. Up to 10 games will be shown live on Friday evenings under the terms of the new broadcasting rights. But in another proposal for change – regarding the so-called 39th game taking place – Scudamore, who first introduced the idea of an extra league match being played in 2008, expressed his feeling that he could not see that happening. He told the Mail on Sunday: “The clubs are keen for us to keep developing the concept but we’re no nearer. The idea of an extra game is gone. “Whether you play an extra season game (overseas), that has challenges, not least among the fans, which we take into consideration.” A number of Premier League club chairmen believe they could cash in on interest overseas – Manchester United have drawn huge crowds on their tours of the United States and the Far East – but plans for a 39th game were dropped in 2008 following widespread opposition, including from FIFA and UEFA. Scudamore added: “I’ve never shied away from the fact that personally I think it’s a good idea. I bear the scars from thinking it’s a good idea. “A lot of the clubs think it’s a good idea… but there is absolutely no timeline and no idea when it might happen.” The Premier League is not alone in looking to hold games abroad – Italy’s Serie A chief confirmed earlier this season that the Italian Super Cup clash between Juventus and Napoli will be played in Doha, Qatar on December 22, while the French Super Cup clash has taken place away from France for the last six years. But when asked outright if he believed a potential 39th Premier League match would take place in the next TV round before 2020, Scudamore said: “You can make that assumption.” Richard Scudamore has all but confirmed that Premier League matches will not take place abroad in the foreseeable future.
Cricket News Steve Smith’s knocks in Edgbaston are at a different level: Justin Langer
For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. Steve Smith has hit 10 centuries against England.Australia won a Test in Edgbaston after 18 years.Nathan Lyon took 6/49 to help Australia win vs England. highlights New Delhi: Steve Smith was facing a hostile comeback to Test cricket after being out of the Australian team for 15 months due to his one-year ban over the ball-tampering scandal in Cape Town. Smith faced the wrath of the crowd and was booing him continuously. At 122/8, Smith had his back to the wall but he produced a magnificent knock of 144 as Australia staged a recovery to end on 284. In the second innings, Smith became the fifth Australian to score a century in both innings and the first Aussie since Steve Waugh in 1997 to achieve the feat in England as his 142 laid the path for Nathan Lyon to take 6/49 and help Australia to a 251-run in the Edgbaston Test against England. Speaking after the match, Australia coach of Justin Langer said Smith’s knocks were simply in a different league altogether. “Let’s face it; when he (Smith) first came in, the leg-spinner, unorthodox… (everyone thought) ‘I’m not sure this kid’s going to make it’. Then he goes away (and decides) ‘I don’t want to be a leg-spinner; I want to be the best batsman in the world’. Then he transforms himself and he is the best batsman in the world with Virat. It’s a great credit to him. I said during the summer that Virat Kohli is the best player I have ever seen but that (Smith’s knocks) is just another level,” Langer said.Smith faced adverse odds but he came out stronger to help Australia recover and register a win in the opening Ashes Test for the first time since 2001. Langer hailed Smith’s mental toughness following the two tons. “You have in different teams, different eras, great players but for someone like Smudge (Smith), who is averaging over 60 and the way he played in this innings with all the pressure and everything that is on him, it was not only great skill but enormous character, enormous courage, very brave, unbelievable concentration, unbelievable physical stamina, unbelievable mental stamina, all traits of great players,” Langer said. The former left-handed opener termed Smith a problem-solver of his team, someone who just loves batting for long hours. “You throw to him in the nets and you literally feel like you can’t get him out and there’s no batsman like that and you just end up throwing a million balls and you are just lost for answers,” Langer said. “I guess you would have to ask England how they feel about that and they had some interesting tactics for him. They had the really short point which I had never seen before, they obviously had a tactic they prepared and Trevor Bayliss has seen a lot of Steve Smith since he was a kid. They would have studied him closely but he just has a knack, well, he is the best problem-solver in the game,” Langer added. The second Ashes Test will begin from August 14 at Lord’s and Australia will be determined to continue their good run at the venue in the Ashes, having lost just three Tests in 75 years.
Gayle snubbed by Pakistan Super League
HARD-hitting left hand opener, Chris Gayle, arguably, the best T20 batsman of his era, has not been picked from a draft to play in the Pakistan Super League (PSL).Gayle, who will form part of the Windies World Cup 2019 qualification bid, became unattractive because he would have to be with the regional side from March 1 to April 14 in Zimbabwe.However, the availability of Gayle may not have been the only reason six franchises passed on his services, since the PSL, slated to take place in the United Arab Emirates, Lahore and Karachi, had a tentative set of dates, running from February 23-March 24.“We were told that Gayle is partially available so that was one of the reasons, but even if he was available we would not have picked him because he is no more the Gayle force he once was,” read a quote from an unnamed owner in an article published on the Wisden, India website.That quote, along with Gayle’s abysmal PSL outings to date, tell a story.Gayle scored just 103 runs in five matches for the Lahore Qalanders in his first season in Pakistan before doing just as badly in a longer run last season, scoring 160 runs from nine matches.Gayle also struggled in the Indian Premier League over the last two seasons, a fact the PSL franchises may have taken note of.The unavailability argument also fails to hold much water when it is considered that a number of other Windies players, Dwayne Bravo, Kieron Pollard, Andre Russell, Darren Bravo, Evin Lewis, Sunil Narine, Samuel Badree, and Carlos Brathwaite all found homes with other franchises.
Rooney Honoured to Equal Bobby Charlton Goals Record
Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Manchester United captain Wayne Rooney has said that he is “honoured” to be level with Sir Bobby Charlton as the club’s all-time leading goalscorer – but wants to break the record soon.His FA Cup strike against Reading took Rooney, 31, to 249 goals in 543 games, reaching the landmark 215 matches and four seasons quicker than Charlton.“It’s a proud moment,” he said.“We’ve got two home games coming up this week so hopefully I can get the next one in one of those.”United plays Hull City in the first leg of their League Cup semi-final on Tuesday (20:00 GMT kick-off), before taking on Liverpool in the Premier League at 16:00 on January 15.“This club is a huge part of my life and I’m honoured to be up there alongside Sir Bobby,” said Rooney after Saturday’s 4-0 win over the Royals at Old Trafford.United manager Jose Mourinho said: “A more special day will arrive. It was great but I want one more goal. He is an amazing guy in the group and we all want him to do it. To have Wayne as the top scorer in a club like this is magnificent for him.”Reading boss Jaap Stam, who played 127 times for United, added: “Wayne has been a great player from the beginning. He is a player who works very hard for the team and you could see that in the game. With the quality he has as an individual and the quality players he is playing with, it makes him an outstanding player.“It is not surprising he has scored this many goals. Even when they are 4-0 up, he is still sprinting and running for the ball.”In 2015, Rooney surpassed World Cup winner Charlton’s England scoring record of 49 goals and has since taken his international tally to 53.The United landmark comes during a season in which the England captain has been left out of the starting line-up for both club and country, his record-equalling goal being just his fourth of the campaign.Former United manager David Moyes, now at Sunderland, added: “First of all it’s congratulations. To even get mentioned in the same breath as Sir Bobby Charlton, who for so many people is a great for what he did with England and Manchester United, is an achievement.“You have to give Wayne Rooney credit for the limelight he has had to work under and the pressure people continually put on him.“He has had a great career. It comes to an end at some time in football and sometimes you drop off a little bit but Wayne was always going to break the records in my eyes. The times I have worked with him he was always very good. A great player, a great trainer and someone who always wanted to go about his business well.”The signs were there from the very start that Rooney’s could be a stellar Old Trafford career.In his first game following a £27m move from Everton in 2004, he scored a hat-trick against Fenerbahce in a 6-2 Champions League win.He has not looked back since, reaching double figures in every season at the club, including a career-high 34 in all competitions in 2009-10 and 2011-12.