UK roundup: NAPF, LGPS, LPFA, Apollo Global Management

first_imgThe National Association of Pension Funds (NAPF) has called on the new UK government to focus on tackling the deficits within the Local Government Pensions Scheme (LGPS) over continuing its policy of cost cutting.Speaking at the NAPF Local Authority Conference in southwest England, chief executive Joanne Segars said the LGPS community needed to ensure that focus remained on sustainability of the 101 schemes across the UK.The 89 in England & Wales face potential changes to investment management, as the previous Conservative-led coalition government recommended forcing all listed assets to be invested passively in a collective investment vehicle.A survey of LGPS NAPF members found that more than one-third (35%) said the new Conservative majority government should focus on tackling deficits – none supported mandatory passive investing. Segars said the £47bn (€65bn) deficit in the schemes, which have around £200bn in assets, would be the defining issue over the short term.“We need to cut a good and sensible path through the noise,” she said.“And it is why we need a clear and consistent way to measure deficits – and why we need to be innovative in developing solutions for managing them.”In other news, the London Pension Fund Authority (LPFA) has selected Apollo Global Management to invest £150m in alternative credit, including distressed debt, real estate debt, leveraged loans and private lending.In March, the £4.8bn LGPS scheme created a framework for alternative credit managers for all LGPS schemes to use, appointing Apollo alongside Ares Management, Babson Capital and GSO Capital.It has now selected Apollo from the framework to manage its push into alternative credit markets after running a second tender process among the four managers.last_img read more

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TGS Extends 3D Multi-Client and Vessel Deal with Polarcus

first_imgSeismic contractor Polarcus said it has extended the agreement with TGS to jointly develop selected 3D multi-client projects for an additional year.The initial memorandum of understanding on multi-client collaboration and vessel agreement was reached in October 2016.Under the agreement, TGS will extend its vessel commitment with Polarcus to the end of 2018 for up to 10,000 sq. km.The recently announced XArray project in the Gulf of Mexico with TGS forms part of this commitment. Additional awards under this commitment will be announced separately, Polarcus said.“This agreement will continue to leverage the core strengths and expertise of both parties,” stated Duncan Eley, Polarcus CEO. “Polarcus acquired over 15,000 sq.km of high quality broadband 3D seismic data for TGS during 2017 and the collaboration will further drive vessel utilization in 2018.”last_img read more

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PAWI condemns same sex marriage

first_img Sharing is caring! Share Tweet 239 Views   no discussions Sharecenter_img The Pentecostal Assemblies of the West Indies (PAWI) has issued a statement condemning same-sex marriage as it “diametrically opposes the word of God”.PAWI issued a statement to the press on the increasing debate on the LBGT rights, and more specifically the legalizing of same-sex marriage by all fifty (50) states of the U.S on Saturday 25 July 2015. General Bishop of the Pentecostal Assemblies of the West Indies, Pat P. Glasgow, Ed. D said the organization “firmly believe” that this recent ruling by the United States Supreme Court, or for that matter any ruling legalizing same sex marriage, does not and cannot alter or replace the infallible word of God. It added that the Bible recognizes marriage as a holy union between a man and a woman only, and any move to impose a law endorsing same-sex marriage upon a nation, is a move to endanger the belief of the church and violate the law of God. “Our position as an organization is that we profoundly condemn same-sex marriage, as it diametrically opposes the word of God”. “We believe that same-sex marriage is against the Divine plan for marriage and its purpose for procreation. Our organization promotes the family unit as a fundamental institution, where a mother and father, nurture children, instill faith, and inculcate moral strengths and spiritual values,” the statement said. PAWI believes that the legalization of same sex marriage will destabilize the family unit and result in harmful consequences for the society at large. “We wish to make it clear that our opposition to same-sex marriage is in no way reflective of any kind of resent or hatred for persons who support this ideology, as this will be in stark contradiction to the very word of God which we uphold as the supreme authority governing our lives. Rather, we continue to affirm our belief in love and respect for all humanity,” it said. PAWI said it stands in solidarity with all those who are courageous enough to oppose same-sex marriage within and outside the church. “As an organization, we commit ourselves to continually teach and endorse marriage between a man and a woman without compromise, as a central principle of our doctrine and practice,” the statement indicates. Share FaithLifestyleLocalNews PAWI condemns same sex marriage by: – July 27, 2015last_img read more

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EPL: Fernandes wins player of the month award for February

first_img “I talked with Sporting, who had already had some discussions with Man Utd about my transfer and when they talk with me, I told them my first choice was Man Utd and it’s what I need for my career. Fernandes has been in impressive form for United Read Also: Pogba makes coronavirus fund-raising pledge “I see the same team from one month ago. I think we are the same and have a lot of hunger to win, to give a lot, to do better and better in every game. “In the last month, we’ve had a lot of really good games and I think we can talk about a new start after Bruno, but it’s not about Bruno, it’s about the team.” United were due to face a trip to Tottenham on Sunday prior to the suspension of the Premier League. FacebookTwitterWhatsAppEmail分享 Promoted Content7 Universities In The World Where Education Costs Too MuchFantastic-Looking (and Probably Delicious) Bread ArtThe Most Beautiful Middle Eastern ActressesWhich Country Is The Most Romantic In The World?Ever Thought Of Sleeping Next To Celebs? This Guy Will Show YouPlaying Games For Hours Can Do This To Your Body6 Interesting Ways To Make Money With A DroneYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeA Hurricane Can Be As Powerful As 10 Atomic Bombs13 kids at weddings who just don’t give a hootWho’s The Best Car Manufacturer Of All Time?The Top 9 Oddest Underwater Discoveries No One Can Explain Loading… Fernandes made his United debut in the goalless draw at home to Wolves on February 1, and also played in the Premier League victories over Chelsea and Watford over the course of the month, scoring his first goal for his new club in the latter and registering assists in both games. The 25-year-old has three goals in nine appearances for United in all competitions since his arrival, with top level football now taking a back seat during the ongoing coronavirus crisis. Fernandes recently spoke about his decision to join United in an interview with Sky Sports . “The decision was easy because when I had the chance to come, I didn’t think twice,” he said.Advertisement Bruno Fernandes has been named as the Premier League player of the month for February. The Manchester United midfielder picks up the award following his first full month in the division, after joining from Sporting Lisbon at the end of the January transfer window.last_img read more

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Ronaldo moves into £3.5k-a-week fishing village home

first_img “This new place has a big garden and more privacy of course. Cristiano is very used to having a quiet life. Cristiano’s mum Dolores Aveiro, who is recovering from a stroke, and his older brother Hugo are understood to have stayed on in Funchal. They live on lower floors of the seven-storey apartment block the footballer bought last year so he could enjoy the top two floors and its rooftop swimming pool when he was in town. The lack of privacy Cristiano had by being in Funchal meant that when he went out for a quick walk with his family recently, they were approached by fans and pictures of them were taken which went round the world. Dolores, 65, showed she was continuing to make a great recovery from her March 3 stroke. She posted a selfie photo of her looking happy and relaxed on her balcony overlooking the ocean and said: “Good morning to everyone. “Another day at home and God willing everything is going to be okay.” Cristiano Ronaldo’s sister, Katia Aveiro, has left the family home and returned to Brazil after visiting when Dolores was taken ill. Canical, a half-hour drive east of Funchal, is home to around 6,000 people. It was the centre of the whaling industry until the early eighties and has a whale museum. read also:Ronaldo could return to Real Madrid Emanuel Santos, the sculptor behind a bizarre statue of Cristiano which was mocked all over the world after it was unveiled at Madeira’s airport in March 2017, comes from Canical. One of the sculptures he had crafted before the Ronaldo bust was unveiled, of two fishermen sat in a small fishing boat, is on a roundabout at the entrance to the village. FacebookTwitterWhatsAppEmail分享 Loading… Cristiano Ronaldo has left his luxury townhouse and moved his family into a £3,500-a-week rented home near a quiet fishing village.center_img The Juventus striker has reportedly opted for a house in the country with a large garden so he enjoys some more space with his Spanish girlfriend Georgina Rodriguez and their young children. Ronaldo had been staying in a stunning seven-story apartment complex overlooking the Atlantic Ocean in Madeira where he has been on coronavirus lockdown. He was sensationally branded a “tramp” and ordered to leave Madeira by a politician after photos emerged of the Juventus star out enjoying a family stroll during lockdown. Madeira-based GP Rafael Macedo launched the unbelievable attack on Facebook after seeing the pictures of Ronaldo going out for a walk on his home island with girlfriend Georgina Rodriguez and their children. But in a second post, he backtracked, insisting: “My account was hacked. I would never make those low-level comments about our CR7.” The first clue that the 35-year-old could have moved out of his came with a video he posted on Instagram showing him and Georgina taking turns to sprint up a ramp. The setting, showing them running up the driveway of a red-roofed house surrounded by a large garden in the middle of nowhere, was quite obviously different from the surroundings of the apartment block in Madeira’s capital Funcha. Cristiano bought that last year and has spent time there since returning to his native island last month ahead of the suspension of Serie A football. Respected Portuguese paper Correio da Manha’s magazine Vidas said the player had moved to a detached five-bed home near the fishing village of Canical in the east of Madeira which was costing him £3,500 a week to rent. The house, said to be “off the beaten track”, is understood to have a games room, gym, pool and large garden where children Ronaldo Jr, nine and twins Eva and Mateo, two, can play with his daughter with Georgina, Alana Martina. The magazine quoted a source saying: “He felt he needed space, that he was getting a bit stifled inside four walls.last_img read more

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Osimhen’s Napoli’s deal negotiations hit the rocks

first_imgVictor Osimhen’s dream of moving to the Serie A to pitch tents with Napoli is gradually crumbling as the club refused to come to terms with the negotiations of the player’s new agent. Napoli are refusing to increase the salary already agreed with Osimhen’s previous agent, Lille reportedly rejected Adam Ounas as part of the deal, as Liverpool moved in with an offer. Every time Osimhen seems to be close to a deal with the Partenopei, it all falls back into doubt, and today’s developments are just another chapter in the summer saga. It was reported this morning on the row with Osimhen’s new agent over wages, as Napoli had already agreed on €3.5-4m plus up to €2m in bonuses, whereas his latest representative promised to get €5m net per season along with add-ons. The player’s sources hinted that the issue of image rights have not been resolved either, and anyone with knowledge of Napoli transfer history would realise this is a sticking point that has tanked many a previous deal.Advertisement Now L’Equipe maintained that Lille are also not prepared to accept Ounas as part of the transfer fee, demanding the entire €81m in cash, which is frankly unlikely. read also:Lille confirm Osimhen’s transfer offer as Napoli begin fresh negotiations Due to the slowdown in negotiations over his salary, Osimhen’s agent also reportedly approached several Premier League clubs to ask if they would like to make a counter-offer. Il Mattino newspaper point to Manchester United, but Sportitalia, Tuttomercatoweb and French sources maintain Liverpool are more interested. FacebookTwitterWhatsAppEmail分享 Loading… center_img Promoted ContentPlaying Games For Hours Can Do This To Your BodyFantastic-Looking (and Probably Delicious) Bread ArtThe Very Last Bitcoin Will Be Mined Around 2140. Read More10 Actors That Started Their Careers On SoapsBest & Worst Celebrity Endorsed Games Ever MadeWhat’s Up With All The Female Remakes?Who Is The Most Powerful Woman On Earth?The Models Of Paintings Whom The Artists Were Madly In Love WithWhich Country Is The Most Romantic In The World?Insane 3D Spraying Skills Turn In Incredible Street ArtTop 10 Tiniest Phones Ever Made7 Ways To Understand Your Girlfriend Betterlast_img read more

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Lampard to integrate new signing Thiago with his squad

first_img Loading… read also:​Thiago Silva bids farewell to PSG ahead of Chelsea move Silva has signed a one year deal with the possibility of a one year extension. The 35-year-old also does not know that much English, and Lampard wants him to focus on acclimatising to England and the Premier League. FacebookTwitterWhatsAppEmail分享 Promoted ContentInsane 3D Spraying Skills Turn In Incredible Street Art10 Hyper-Realistic 3D Street Art By OdeithYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeBirds Enjoy Living In A Gallery Space Created For ThemThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalTV Characters Who Hated Each Other But Later Became FriendsA Guy Turns Gray Walls And Simple Bricks Into Works Of Art8 Amazing Facts About Ancient EgyptWorld’s Most Delicious Foods10 Phones That Can Work For Weeks Without RechargingTop 7 Best Car Manufacturers Of All Timecenter_img Chelsea manager, Frank Lampard, is to integrate new signing Thiago Silva with his squad. The veteran Brazilian centre-back is joining on a free transfer following the expiry of his Paris Saint-Germain contract. But Lampard will not make Silva captain of the club, as he is going to be a very new player within the squad, according to The Telegraph.Advertisementlast_img read more

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Espanyol all but relegated after defeat by visiting Leganes

first_imgRelatedPosts Bale completes Tottenham return from Real Madrid Live stream Premier League, La Liga, Serie A on Showmax Pro this weekend Omeruo welcomes second child Bottom side Espanyol were left on the brink of being relegated from La Liga for the first time in 27 years on Sunday.This was after they were beaten 1-0 at home by fellow strugglers Leganes, when Jonathan Silva struck the only goal for the visitors early in the second half. He controlled a long ball and entered the penalty box unmarked to lash past Espanyol goalkeeper Diego Lopez.The Catalans had substitute Jonathan Calleri sent off in the 88th minute after successive bookings for a foul and arguing with the referee.Striker Raul de Tomas missed a glorious chance to level moments later when his effort flew over the bar.Espanyol, who have been in the top flight since winning promotion in 1994, are on 24 points after 34 games.They are 11 points adrift of the safety zone and their fate could be sealed on Monday if 17th-placed Eibar win at Sevilla. Should they survive that test they will need to beat champions FC Barcelona on Wednesday to avoid relegation.Leganes stayed 19th but moved on to 28 points, seven from getting out of the drop zone.In other games, Getafe’s hopes of qualifying for the UEFA Champions League faded further after they could only draw 0-0 at Osasuna.The draw left Getafe sixth on 53 points, four behind fourth-placed Sevilla who have a game in hand.Reuters/NAN. Tags: EspanyolLa LigaLeganeslast_img read more

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FIFA bans Ghana FA boss for 90 days

first_imgAccra, June 9: The independent committee of the Federation of International Football Associations (FIFA) has handed a provisional 90-day ban to Ghana’s Kwesi Nyantakyi, a council member of the game’s global governing body. During this time, Nyantakyi, who is also president of the Ghana Football Association (GFA), is banned from all football activities at both national and international levels (administrative, sports or any other), FIFA said in a statement on Friday. According to the statement, the duration of the ban, which takes immediate effect, may be extended for an additional period not exceeding 45 days.It said the decision was taken upon the request of the chairperson of the investigatory chamber FIFA’s Ethics Committee carrying out the formal investigation proceedings into Nyantakyi, pursuant to relevant articles of the FIFA Code of Ethics. IANSlast_img read more

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USC graduate students organize, participate in national walkout

first_imgGraduate students participating in a national walkout gathered at Tommy Trojan on Wednesday to protest a provision that would raise taxes on graduate students by almost 400 percent. Kyle Kawaguchi | Daily TrojanGathering around Tommy Trojan on Wednesday morning, hundreds of graduate students and professors rallied to oppose provisions in the House of Representatives’ Tax Cuts and Jobs Act. Some held signs demonstrating their opposition, while others chanted “Kill this bill!” and “Fight on!” in Hahn Plaza. The provisions the crowd opposed would raise taxes on graduate students by almost 400 percent, according to the Grad Tax Walkout website. The Grad Tax Walkout, a national protest, was planned and organized by five USC graduate students: Hannah Khoddam, Nina Jhaveri, Marie Gillespie, Hannah Rasmussen and Miriam Rubenson. They are all clinical psychology students pursuing doctorate degrees.Since the USC students put the plan into action, hundreds of students attending 50 universities spanning 32 states registered to participate. The proposed tax bill, which passed the House of Representatives two weeks ago with only Republican support, would change the current law that allows graduate students to receive free tuition without being taxed. The new bill, if signed into law, would reclassify free tuition as income, which can be taxed.    This prospect has left many graduate students, who often earn little income on top of receiving free tuition, worried about not being able to afford to continue their higher education. “If this bill passes, I don’t know if I will continue my [doctorate degree] — and this is my dream,” said Mariel Bello, a first-generation college student studying in the clinical science program. Bello ran a photo campaign table during the Grad Tax Walkout at Tommy Trojan on Wednesday.  Bello sat behind a foldable table ,helping students, faculty and general passers-by fill out signs explaining why their tuition waiver was important.The table was filled with write-in signs with examples of what graduate students do: provide free services to veterans, work to cure cancer and provide therapy to low-income children in the community.“Ultimately, I’m here to provide an avenue for students to fight against this bill,” Bello said of the rally’s photo campaign, which helped gain social media traction for the movement.Stanley Huey, an associate professor of psychology and American studies and ethnicity, was one of the first speakers to kick off the event. He spoke to the crowd about his own experience as a graduate student. “I got a very modest stipend because the government was investing in me,” Huey said. “Debates at the time were how you opened up access, how you increased opportunities for students to get a good education. But the House bill is the inverse of that.”Following Huey, her adviser, Gillespie marched up to the steps of Tommy Trojan with a bullhorn and instructed protesters to pull out their cell phones. Several hundred protesters pulled phones out of pockets and backpacks, as she instructed everyone to take a picture or video of the event. “I need you to post [that] on social media,” Gillespie said. “Do it loudly, do it proudly. We are higher education and we will not be taken away from America!”Gillespie encouraged rally participants to approach the surrounding tables, which were organized around different themes to help individuals get involved. One table hosted a phone bank and laid out step-by-step instructions about how to call state senators and representatives, as well as a word-for-word script on what to say. Graduate students also circled the crowd with clipboards and laptops, aiming to get signatures on appropriate petitions. “I think this is hopefully the beginning of something,” Lyden said of the event. “Graduate students across the nation, I think, are a great group. If we can come together to fight something so absurd, we should keep going.”last_img read more

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