Contribution levels at Dutch pension funds to fall by 11%, CPB predicts

first_imgThe Dutch Central Planning Bureau (CPB) has estimated contribution levels in 2016 at pension funds in the Netherlands will have fallen by 11% compared with contributions in 2013.It also expects pension contributions to decline by €2.4bn this year and another €2bn next year – €4.4bn less than the contribution payments Dutch pension funds and insurers collected over the course of 2013, according to a CPB report on the effects of the changes in financial pension regulations.In its report, the CPB estimated that adjusted parameters and a new financial assessment framework for pension funds would increase the contribution level by 5%.However, it pointed out that tax allowances for pensions saving had been reined in, leading to a 16% fall in contributions. The net result, it said, would be an 11% overall decline.Under the new financial assessment framework, pension schemes in 2015 will still have the option of smoothing mandatory, cost-covering contribution levels by either applying a 10-year average interest rate or expected returns.The CPB has predicted that, if pension funds opt for the former, contributions will fall by less than 11%, as “higher interest rates from the years preceding 2008 will gradually be replaced by lower expected rates in future.”Contribution levels calculated on the basis of expected returns are presently somewhat lower than contributions based on average interest rates, and the spread widens as pension funds invest in riskier assets.In other words, pension funds can lower their contributions by investing in riskier assets.As a consequence, the CPB said, there is “a certain tension” between “the goals of most schemes that wish to take more investment and interest-rate risk on the one hand, and the required nominal guarantees on the other”.last_img read more

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Barclays Premier League team of the week

first_imgSimon Mignolet Press Association Produced several impressive saves to secure a clean sheet at Tottenham, where it was vital for morale that Liverpool avoided defeat in Jurgen Klopp’s first game in charge. Hector Bellerin Inspired Newcastle to a much-needed 6-2 win over Norwich with four goals, including two headers and an outstanding long-range strike. Also impressed with his linking of play. Ander Herrera Even if he scored the second goal in Manchester United’s 3-0 win at Everton, his creativity from midfield was what truly caught the eye. Quite why Louis van Gaal chooses not to start him every week, only the manager will know. Manuel Lanzini Scored one and assisted another in West Ham’s 3-1 win at Crystal Palace. If he continues to perform like that his loan will likely become a permanent transfer. Jamie Vardy Scored Leicester’s two goals to secure a 2-2 draw at Southampton when they had been 2-0 down. Enjoying the finest form of his career, the forward particularly impressed in the way he recovered from missing an excellent chance to equalise by scoring his second. Wayne Rooney Finally scored in the Premier League – for the first time in 11 months – to prove that class is permanent. The goal was Manchester United’s third in their 3-0 win at Everton, and will likely be followed by more given the improved confidence that should follow. Wilfried Bony Scored twice for Manchester City in a 5-1 defeat of Bournemouth to prove that he is capable of replacing the injured Sergio Aguero, and did so having not started a game for them since September 15. Assisted Aaron Ramsey’s goal, and contributed to Arsenal’s clean sheet, with a typically-energetic performance in the 3-0 win at Watford. Chris Smalling The in-form central defender was again convincing in another clean sheet for Manchester United during Saturday’s 3-0 win at Everton. Jan Vertonghen One of the main reasons Liverpool so rarely looked like scoring in the 0-0 draw at Tottenham on Saturday. The key component in, statistically, the Premier League’s joint-best defence so far this season. Raheem Sterling Instrumental to Manchester City’s 5-1 defeat of Bournemouth. Particularly impressive were his three goals, given his occasionally-erratic finishing is frequently criticised. Georginio Wijnaldum last_img read more

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Ghana boosted by arrival of quintet

first_imgGhana coach Kwesi Appiah has been boosted by the arrival of his five remaining players at their training camp in Ethiopia ahead of Friday’s World Cup qualifier against Sudan.DR Congo-based duo of Solomon Asante and Richard Kissi Boateng as well as the Evian duo of Mohammed Rabiu and Jonathan Mensah and Mubarak Wakaso joined camp on Monday.The arrival of the quintet means the Black Stars have a full house going into Tuesday’s training session in Addis Ababa.The Black Stars have been training in the Ethiopian capital since Friday in preparation for the key match without the five players.The five players delayed their arrival because of club commitments.And the squad have no injury worries.Ghana will play Sudan in a Group D qualifier on Friday in Omdurman. The Black Stars, chasing a third consecutive appearance at the World Cup finals are just one point adrift leaders, Zambia with three matches left to play in the second round of qualifying.The team Ghana will depart the East African country for Khartoum on Wednesday.last_img read more

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TFA Facebook Page Hits 1,000 Fans

first_imgIf you haven’t become a fan yet, click on the following link to keep up-to-date with all of the latest news and information from Touch Football Australia:http://www.facebook.com/?ref=home#!/pages/Touch-Football-Australia/384949403384?ref=tslast_img

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City of Enderby calling on Ottawa after alleged ISIS supporter released into

first_imgEnderby Mayor Greg McCune says he is calling on the Minister of Immigration, Refugees and Citizenship to implement reforms that will restore confidence in the system.“When you read the Federal Court’s decision, it was upheld because the court will defer to the board member unless the decision is unreasonable.  This is a systemic failure.  We need to change it at that level.”Hamdan was arrested in Fort St. John in the summer of 2015 when he was originally charged with four terrorism offences. FORT ST. JOHN, B.C. – Following the Supreme Court’s decision to release an alleged ISIS supporter into B.C.’s Southern Interior, the City of Enderby is calling on Ottawa to implement public safety reforms.On Tuesday, September 3, Othman Hamdan had been ordered to be released from immigration detention by the Federal Court nearly a year after the Immigration and Refugee Board deemed him inadmissible and a security risk to Canada.As reported by Global News, the City of Enderby issued a press release on Friday, stating the decision to release Hamdan has left the community shocked and frustrated.last_img read more

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Facebooks messaging ambitions much much more than just chat

first_imgSan Francisco: Facebook, already the leader in enabling you to share photos, videos and links, now wants to be a force in messaging, commerce, payments and just about everything else you do online. The company’s ambitions harken to how WeChat has become the centerpiece of digital life in China, where people use it to order movie tickets, subway passes, food delivery and rides. If Facebook succeeds in turning its own messaging services into a platform for everything, it could ultimately threaten established services such as Snapchat, Yelp, Venmo, eBay and even Apple and Amazon. Also Read – Maruti cuts production for 8th straight month in Sep”It’s clear that Facebook does have very broad ambitions here,” said Bob O’Donnell, president and chief analyst at Technalysis Research. “Their goal is to be the WeChat of everywhere but China.” But Facebook faces numerous hurdles. A key one is restoring user trust, following a string of privacy failures that include the sharing of personal information from as many as 87 million users with a consulting firm affiliated with Donald Trump’s campaign. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsAnd any change may cause users to rethink their relationship with Facebook. “Facebook has a lot of momentum but it’s not completely invincible,” said Roger Kay, an analyst at Endpoint Technologies Associates. “People came to Facebook for a particular thing. Offer them a different thing, and they’re likely to re-evaluate whether they want to be there at all.” After all, Friendster and Myspace came and went as Facebook grew. Yahoo and AltaVista moved over for Google. And remember when AOL was popular, powerful and rich enough to buy the traditional media company Time Warner? Both AOL and Yahoo are now fading brands within Verizon. After building an advertising-supported service that depends on vacuuming up data on your hobbies, interests and political views, CEO Mark Zuckerberg announced last week that Facebook will now emphasise ways for small groups to communicate in a truly private fashion. This involves scrambling all messages in WhatsApp, Instagram Direct and Messenger so that even Facebook itself can’t read them. Facebook will also let messages automatically disappear after a set amount of time, something rival Snapchat already does. Facebook, Zuckerberg said, will “then build more ways for people to interact on top of that, including calls, video chats, groups, stories, businesses, payments, commerce, and ultimately a platform for many other kinds of private services.” Facebook declined to further elaborate on its ambitions, and a spokeswoman reinforced that it is early in the process. But there are clues in what Chinese tech giant Tencent has already done with WeChat in China. WeChat combines functions that are typically done by separate companies elsewhere think of Facebook and its messaging services combined with PayPal and Uber. People use WeChat to buy goods in retail stores, split restaurant bills with friends, pay utility bills, donate to charities and hail rides from the Uber-like Didi Chuxing service. Facebook already lets people send money to other individuals through Messenger in the US and a few other countries and is testing payments through WhatsApp in India. The New York Times reported that Facebook is also developing its own digital currency to make it easier for users to send money to their messaging contacts. Facebook didn’t offer many details on its digital currency endeavors, but said a “new small team” was looking for ways to make use of the type of technology powering bitcoins and other cryptocurrencies. While the current payment options require linking Facebook to bank accounts or services such as PayPal, a digital currency could potentially work without them. That could appeal to users, especially in Asia and Africa, with limited access to banking services, said Avivah Litan, a Gartner analyst who specializes in security and payments. And it would solve a key challenge with commerce on phones. Litan said entering credit card details on a phone is cumbersome, and businesses often lose customers before they complete orders. If Facebook can integrate payments into messaging, it can keep users within Facebook and convince advertisers they’re more likely to complete sales. Facebook could also diversify revenue beyond advertising. For instance, it could take a commission, whether for newspaper subscriptions or food deliveries, much as Apple already does with a cut of up to 30 per cent for app payments. Kay said messaging could become one-stop shop for Yelp-like business reviews, OpenTable restaurant reservations, on-demand delivery similar to Uber and a marketplace akin to eBay the latter being something Facebook already offers on its main app. Amazon might be tougher to challenge, he said, given the company’s expertise in delivery logistics, but there might be pieces such as grocery delivery that Facebook can go after.last_img read more

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21 councillors to move noconfidence motion against Arjun Singh

first_imgKolkata: Twenty one Trinamool Congress councillors will move a no-confidence motion against Arjun Singh, chairman of the Bhatpara Municipality.The councillors met Firhad Hakim, the state Urban Development and Municipal Affairs minister, Jyotipriya Mallick, the state Food and Supplies minister and president of the North 24-Parganas unit of the party and Partha Bhowmick, party MLA from Naihati on Monday afternoon. A letter bringing no-confidence motion against Singh and signed by 21 councillors was sent to the SDO. A copy of the letter was sent to Singh. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaBhatpara Municipality currently has 34 councillors. To retain the municipality, Trinamool Congress needs the support of 17 councillors. Mallick said the councillors have informed that they had received full support from party supremo Mamata Banerjee and had no intention to cross the floor and join Singh. He said four councillors who were still in two minds, would settle for Trinamool Congress. As per the Municipal Rules, the chairman of the municipality will have to convene a meeting to discuss the no-confidence motion within 15 days. In his absence, the vice-chairman can convene the meeting. The councillors will cast their votes in secret ballots. Bhowmick said that the councillors had formally decided to bring no-confidence motion against Singh on Sunday and the matter received a formal approval on Monday. Singh said that the secret ballot would clear the picture. Interestingly, he has not yet submitted his resignation from the position of MLA.last_img read more

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Haryana CM addresses election rally in Gurugram

first_imgGururgam: Haryana Chief Minister M L Khattar on Monday addressed the election rally along with Rao Inderjit Singh who is now certain to be the LS candidate for BJP. The election rally was held at Kukrola village in Panchgaon along the KMP expressway. Speaking at BJP’s Vijay Sankalp Sabha Haryana CM said, “We are taking our achievements of the past & plans for the future to the people, but the opposition has no achievements to speak of, so they can only criticise.” Also Read – After eight years, businessman arrested for kidnap & murderThe Chief Minister emphasised on his government had ensured that there was balance development in all the regions of the state. Hoping to win from Guugram for the record fifth time Rao Inderjit Singh also highlighted how the Central Government had ensured holistic development in Gurugram by ensuring huge investment in road infrastructure, connectivity and transportation. In an area that has also given a lot of soldiers who have served Indian Army Rao Indrajit also raised the issue of national security. Even as no candidates have been announced by either party, it is widely expected that Congress is planning to put up a strong candidate against Rao Inderjit who is almost certain to get the candidature again.last_img read more

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KMC on war footing to eradicate dengue

first_imgKolkata: The Kolkata Municipal Corporation (KMC) may use drones to locate mosquito breeding grounds at the vacant land owned by the Railways near the Bailey Bridge in ward 81.A team of KMC led by Deputy Mayor Atin Ghosh went to ward 81 on Thursday to conduct the anti-dengue drive. The team found that the land belonging to the Railways has not been maintained properly and it is covered in shrubs and bushes. The team then visited Sahapur colony, where 14 people had been afflicted with dengue in 2018. The team examined the surroundings and told the residents about the dos and the don’ts. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaKMC has been carrying out anti-dengue drives throughout the city, with a view to eradicate the disease. Most of the drives are led by Ghosh. The civic authorities had launched a massive anti-dengue campaign on February 2, when 144 rallies were taken out in the city to create awareness against the disease. The main rally was taken out from the KMC headquarters on SN Banerjee Road, which was led by Mayor Firhad Hakim. It has been decided that the civic authorities will carry out drives against dengue in three phases. Also Read – Bengal civic volunteer dies in road mishap on national highwayThe first phase, which started in February, will continue till June. The second phase will start from July and continue till October, while the third phase will be the follow-up phase that will be carried out in November and December. The civic authorities have also opened 16 dengue detection laboratories. The KMC teams are visiting individual houses, housing complexes and institutional buildings and are examining the underground reservoirs and overhead tanks. They are also checking whether garbage has been cleaned properly or not.last_img read more

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UConn Was Going To Win That Game

Embed Code More: Apple Podcasts | ESPN App | RSS | Embed By Allison McCann Move over John Wooden, you’re no longer the only college basketball coach with 10 national championships. Connecticut just won its tenth national title, completing a perfect record of 10 NCAA championship appearances and 10 wins.When the tournament started, our March Madness predictions model gave UConn a 74 percent chance of winning the title. That figure went as high as 86 percent before the national championship game against Notre Dame Tuesday night, which the Huskies won 63 to 53.We were initially shocked by UConn’s projected success, enough to make us go back and adjust our model, which gave St. Francis College a mere 1 in 2.5 million chance of beating the Huskies in the first round. But as the tournament progressed, we continued to watch closely and research UConn’s stats, and came to understand just how dominant this team really was.Emergency Hot Takedown Podcast: UConn’s Dominance and Auriemma vs. Wooden In the average regular-season UConn game, the Huskies were winning by 25 points at halftime, and they were ahead at the half by an average of 18 points in the tournament. Tuesday’s championship game was a little different: UConn was held to an 8-point lead at the half, thanks to Notre Dame’s strong offensive and defensive rebounding, 10 and 14, compared to UConn’s 8 and 11.But even Notre Dame’s strongest showing was no match for the best offense in the country — Moriah Jefferson and Kaleena Mosqueda-Lewis scored 15 apiece Tuesday. Nor could the Irish get through the best defense in the country, led by forward and now three-time Most Outstanding Player award-winner Breanna Stewart, who had 15 rebounds in the game.Perhaps more importantly, we knew going into Tuesday’s game that UConn was twice as good as Notre Dame. Their matchup was still the best rivalry in women’s college basketball — but it’s hard to call it much of a rivalry when the Irish’s chances of upsetting UConn were 14 percent.Here’s a look back at our model’s predictions for the Huskies, which never fell below 74 percent at any point in the tournament:Round of 64: 74 percent chance to win the championship.Round of 32: 76 percent.Sweet 16: 77 percent.Elite Eight: 82 percent.Final Four: 79 percent.Finals: 86 percent.Tuesday night, 10:30 p.m.: 100 percent. read more

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