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UK consultants braced for DB transfer requests

first_imgUK defined benefit (DB) schemes are braced for an increase in valuation requests from members amid a consultation to close off transfers to defined contribution (DC) plans.In this year’s Budget, the government announced plans to liberalise at-retirement choices for DC savers, prompting fears of increased requests for DB members to transfer out.However, in anticipation, the government began to consult on closing off transfers for DB savers for fear a mass exodus would damage the UK’s debt and equity markets.The consultation period ends of 11 June 2014. With any decision to close transfers expected to be immediate, consultancies have reported both statistical and anecdotal evidence of increased action.Barnett Waddingham told IPE it had witnessed a 60% increase in the number of cash equivalent transfer value (CETV) requests from DB members in the three weeks since the Budget, compared to the same period in 2013.Paul Latimer, head of pensions administration at the firm said: “Our increase certainly suggests there could be more awareness to some of the issues from the public. The main thing however is whether the government is going to put a stop to this.”Aon Hewitt partner Lynda Whitney said the consultancy had also witnessed a range of questions from DB members.She said: “From individuals, requests have been around not just CETVs, but people assuming they would be entitled to the flexibility available in DC, and not understanding they will not get this directly from DB.“After this is explained, alongside that we still do not whether they will be able to transfer out, then most are asking for CETVs.”Partner in Mercer’s Financial Strategy Group, Matthew Demwell, said the consultancy had also witnessed increased action from DB members looking for information on pension pots.“Anecdotally, we’re hearing of more people ringing up asking how to get hold of their money. If anything it is more misunderstanding about what people can and cannot do, but this isn’t all that surprising given the Budget headlines,” he said.In addition to this, research from Aon Hewitt showed just one-tenth of trustees, pension managers and finance directors thought transfers should be banned.The government is already looking to ban transfers from public sector unfunded DB schemes, suggesting it cannot manage the cash flow requirements for large transfers.However, in the survey, only 20% thought DB savers should be entitled to the same flexibility as DC savers.The majority of respondents thought transfer should be permitted, but with restrictions, such as extending the Code of Good Practice currently used with incentive exercises.Ben Roe, head of the liability management practice at Aon Hewitt, said: “This looks to be a very sensible balanced position that delegates have proposed.”We could well see a very short-term flurry of activity, as some DB members are concerned that their existing ability to transfer will be curtailed or stopped altogether at the end of the consultation period.”last_img read more

Mbappe ‘agrees terms with Real Madrid’ with world record transfer from PSG set

first_img Journalist Oriol Domenech told Catalunya Radio: “From what they tell me from different clubs that have contacted him, Madrid has it closed. “When Mbappe departs, in 2020 or 2021, he will go to Madrid.” The claim comes after Mundo Deportivo reported Mbappe is eyeing a move to Madrid after a touchline bust-up with boss Thomas Tuchel. Zinedine Zidane is apparently ready to fork out a massive £250million to get the deal done. Mbappe started PSG’s 5-0 win over Montpellier on Saturday, scoring the fourth goal in the 57th minute. However, he was subbed off by Tuchel just ten minutes later. And Mbappe gave the German a piece of his mind after Tuchel grabbed him by the back of the head to explain the decision. It wasn’t the only controversial moment as Neymar confronted the ref at the final whistle over a yellow card for a rainbow flick. Speaking after the game, Tuchel revealed he is considering disciplining Mbappe for his reaction. “It’s not good, because it opens up subjects that go against the team’s state of mind. Too bad. “I am not angry, but I am sad because it is not necessary. I explained to him why we did this, and it will stay that way. “I will always decide the technical aspects. We don’t play tennis, we play soccer and we have to respect everyone “I don’t know, I have to think, I have to sleep. I will make a decision. read also:‘Nothing personal’ – PSG coach Tuchel plays down spat with Mbappe “We have training at 11am, we will talk about the match with the group. “I’ll see if I talk about this or if I do it individually. It will depend on my night’s sleep too!” FacebookTwitterWhatsAppEmail分享 Kylian Mbappe has reportedly agreed terms with Real Madrid over a world-record move from Paris Saint-Germain. Loading… center_img The tactician said: “I’m the coach, someone has to decide who goes off and who comes on – it’s me. “He is very intelligent, he knows what he is doing. He doesn’t like going off, nobody likes going off. “These are not good images, but we are not the only club that has to deal with this sort of thing. Promoted ContentPortuguese Street Artist Creates Hyper-Realistic 3D Graffiti12 Countries Whose Technological Progress Amazes6 Extreme Facts About HurricanesWhich Country Is The Most Romantic In The World?You’ve Only Seen Such Colorful Hairdos In A Handful Of AnimePlaying Games For Hours Can Do This To Your BodyThailand’s 10 Most Iconic LandmarksThe Very Last Bitcoin Will Be Mined Around 2140. Read More6 Reasons Sharks Are Afraid Of DolphinsThe Best Cars Of All Time20 Facts That’ll Change Your Perception Of “The Big Bang Theory”No Good Disney Role Models For Boys?last_img read more

Three Athletes Succeed In Special Olympics USA Games

first_imgThree local athletes participated in the 2014 Special Olympics USA Games last week in New Jersey.Over three thousand athletes traveled from across the nation to take part in the games. Team Indiana consisted of eighty-five individuals, including Becky Cashman, Christa Mullins and Jacob Eldridge.The three qualified for the games by first being nominated by their local Special Olympics coordinator, Greg Townsend, and winning a gold medal in their respective sport during the 2013 Special Olympics Indiana Summer Games in Terre Haute.27-year-old Christa Mullins of Dillsboro, and 24-year-old Becky Cashman of Rising Sun, competed in aquatics during the seven-day event.Both were part of Team Indiana’s 4 X 50 yard Freestyle team along with fellow Hoosiers, Katie Williams and Victoria Roberts. The relay team captured the Silver Medal on Thursday, June 19th.Individually, Mullins competed in the 50 yard Breaststroke receiving the fifth place ribbon, the 100 yard Freestyle receiving the Bronze Medal and in the 50 yard Freestyle taking home the Silver Medal.Cashman competed in the 100 yard Individual Medley and the 100 yard Freestyle capturing a Bronze Medal in each, and on Friday, June 20th, the last day of competition, she took home the Gold Medal in the 100 yard Breaststroke.“I don’t think she’ll stop smiling for a year,” said Cashman’s mother, Anne. “It was the best thing in the world on top of the experience of going to the Games.”Eldridge, 17, of Sunman, competed in the 1500 Meter Run taking sixth place, the 400 Meter Dash taking fifth place, and the 800 Meter Run to receive a Bronze Medal.“My eyes swelled with tears of joy when I saw Jacob receive his medal,” said Eldridge’s father, Clint Eldridge. “Words cannot express how thankful I and Jacob’s mother are for this opportunity. Jacob’s participation in Special Olympics has increased his confidence level,” added Eldridge.Jacob was also part of Team Indiana’s 4 X 400 Meter Relay Team with fellow Hoosiers, Erin Gunnick, Jose Newman and Andrew Peterson. The team received the Silver Medal in the last track and field event of the games on Thursday June 19th.Team Indiana was welcomed home by hundreds of fans at the Indianapolis International Airport Saturday afternoon.“There has been no greater joy than to watch Christa compete on a national level,” said Barb Mullins, Christa’s mother. She and her husband, Gary Cashman, credits Special Olympics for their daughter’s achievements not only in the pool, but also in her personal development.FOX Sports will broadcast a one-hour special chronicling the games through the eyes of competing athletes on Monday, June 30 at 7 p.m. It airs on Fox Sports 1 and is titled “Celebrating Champions: 2014 Special Olympic Games.”On Monday, July 28th at the Hidden Valley Golf Club the local delegation will be hosting A “Revealing Champions” golf scramble fundraiser will be held at Hidden Valley Golf Club on Monday, July 28. Learn more by visiting , where Christa, Becky and Jacob will be available for a meet and great. To learn more about thegolf scramble or to enter a team, please visitlast_img read more

Bulldogs Freshman Hoopsters Get Win Over Knights

first_imgThe Batesville Freshman Boys Basketball team won their fourth game of the season against South Dearborn on Tuesday. The the game was fairly even in the 1st quarter, with Batesville leading South Dearborn 16-12.  The Bulldogs continued to extend their lead to eight points going into halftime, with a score of 26-18.In the 3rd quarter, the Bulldogs really stepped up their defense, allowing the Knights just two points. The final score was 42-26.The Bulldogs were led in scoring by Trey Peters with 14 .Their Bulldogs play again on Saturday at BHS against North Decatur at 9:30am.Courtesy of Bulldogs Coach Sean Boyce.last_img read more

Healy sets sights on coaching role

first_imgNorthern Ireland’s record goalscorer David Healy is hoping he can continue to contribute to the national side as a coach after announcing his retirement from football. Press Association Current Northern Ireland manager Michael O’Neill would dearly love to have the David Healy of five years ago at his disposal, but was only able to use the fan favourite sparingly due to his lack of regular football. Healy did score one goal for O’Neill, his 36th and final international strike earning a stoppage-time draw against Azerbaijan last November. O’Neill hailed Healy’s contribution over the years and welcomed his future help from the sidelines. “David Healy has and will always be an iconic player in the eyes of all Northern Ireland fans,” he said. “His commitment to playing for Northern Ireland is an example to all current and future international players. “I know that David will have a lot to offer the game as he embarks on his coaching career. “David has already performed a scouting role for the senior international team and assisted the U17 team as part of his development as a coach. I would like to thank David for his contribution to football in Northern Ireland and I look forward to working with him in the future.” Northern Ireland’s Sports Minister Caral Ní Chuilín paid tribute to Healy in an official statement. It read: “David Healy is an inspirational figure, his exploits on the field will be remembered by fans both locally and across the globe. His wonder strike to beat England at Windsor Park and his hat-trick against Spain live long in the memory. “Having played at all levels of the game, he built a career which took him to the pinnacle of his sport. He was able to compete with, and often beat, the best footballers in the world.” The Irish Football Association has also confirmed it will mark Healy’s career at the next competitive match staged at Windsor Park. Healy’s club career never reached the heights of his international achievements – a prolific spell at Preston and a solid stint with Leeds the highlights alongside less successful times at Fulham and Sunderland – but he will long be remembered for his role in some of the most memorable acts of giant killing in recent times. He scored the winner against Sven-Goran Eriksson’s England in 2005, a hat-trick in the 3-2 defeat of Spain the following year and two more in a 2-1 victory against Sweden in 2007. All in all, he managed a then record of 13 goals in Euro 2008 qualifying but never made it a major tournament after narrowly missing out on that competition. Healy has been without a club since being released by Bury in the summer but is now targeting a coaching future having already helped out Northern Ireland on a part-time basis this year. “It has been an absolute honour and privilege to wear the Northern Ireland shirt, to represent the people of our proud wee country and I hope to continue in whatever way I can, in my new career in coaching, to help Northern Ireland succeed,” said Healy in a statement. “Over half my life has been dedicated to the game that I love and although you have to get on by your own efforts and making the best of your own abilities, my career would not have been anything like it has, without the help and support of so many people. “To the Green and White Army, who have sang my name win or lose, goals or no goals, travelled to countries, some of which I don’t think either I or they could even spell, my heartfelt thanks and respect to you all. I will see you in the Kop End! “There have been some pretty tough days in the Green shirt, let’s be honest, but when we got it right and when I had the chance to play my part, those are the days that will stay in my memory forever.” Healy’s status as one of his country’s finest ever players is already assured thanks to a tally of 36 goals – 23 more than Billy Gillespie and Colin Clarke, who share second place on the all-time scoring list. The 34-year-old is also the most-capped outfield player in Northern Ireland’s history, with his mark of 95 caps only bettered by goalkeeper Pat Jennings, who managed 119. last_img read more

Cricket News Virat Kohli remains sole Indian and cricketer in Forbes list of 100 highest-paid athletes

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. Mumbai: Star cricketer Virat Kohli remains the sole Indian in the Forbes list of world’s highest-paid athletes with estimated annual earnings of USD 25 million. However, the Indian captain has dropped 17 spots to be 100th in the rankings. The list is headed by Barcelona and Argentina football superstar Lionel Messi. According to the Forbes list announced on Tuesday, Kohli’s estimated earnings are USD 21 million from endorsements and USD 4 million from salary and winnings, taking his total tally to USD 25 million for the last 12 months.     Ranked 83rd last year, Kohli has climbed down to the 100th and last spot despite an increase of USD 1 million in endorsements. Messi has dethroned retired boxer Floyd Mayweather as the sports world’s highest earner, raking in USD 127 million via salary and endorsement deals.     Messi is now ahead of long-time rival Cristiano Ronaldo, the Juventus and Portugal star who is second with earnings of USD 109 million.RELATEDIn 2017, the magazine described Kohli as the “Indian cricket phenom” and said the sports star has “for good reason” already drawn comparisons to all-time great Sachin Tendulkar.It added that Kohli has continuously shattered batting records and in 2015 was named the captain of the Indian national team, making him one of the youngest players to ever hold the job.It noted that last year Kohli made nearly USD 1 million in salary and match fees from his national team play, and he’s also among the Indian Premier League’s highest-paid players thanks to a USD 2.3 million salary from the Royal Challengers Bangalore.?“The vast majority of his income, however, comes from one of the sports world’s most impressive sponsorships portfolios,” Forbes said. Virat Kohli has dropped 17 spots to be 100th in the rankings.Kohli’s estimated earnings are USD 21 million from endorsements and USD 4 million from salary and winnings.Lionel Messi has dethroned retired boxer Floyd Mayweather as the sports world’s highest earner.center_img highlightslast_img read more

South Georgetown savour their second place

first_imgAS far back as the 1990s, the Upper Demerara/Kwakwani and North Georgetown districts have been in a back-and-forth exchange of first- and second-place at the National Schools Cycling, Swimming and Track & Field Championships (Nationals).However, this year when the competition concluded, ,North slipped to third and for the first time in over a decade a new district climbed into second place.And second place at Nationals may never have been so celebrated, as it was last Friday, when South Georgetown (District 13) were officially declared in second place behind Upper Demerara/Kwakwani at Nationals, edging out North Georgetown by just one point.The South Georgetown team celebrate their second place win last Friday night. (Delano Williams photo)Last Friday night, as the yellow and black team took a few victory laps around the track, they were jubilantly joined by the frolicking grey and red-clad athletes of the South Georgetown, who had also broken out into similar merriment.It was the first time that the team had finished so high among the 15 Districts that took part in the Championships.The second place was achieved as a result of constant improvements by the District over the past few years – a marked development for the team who had finished tenth five years ago.Things only got better from there. After being fifth in 2015, the team climbed to third place last year, and actually entered this year’s competition gunning for the win. Fortunately they had quite a strong team to back up their hopes.It was thanks, of course, to a combination of strong performances in all the events of the multi-sport. The District finished third in track and field, third in swimming, third in cycling and fourth in the teachers’ competition.However, for District head Leon Bishop, as happy as he is now about the second place finish, the triumph was more of a bitter-sweet one for him.“We’re happy but sad at the same time that we didn’t achieve the optimum goal. It’s the first time that the District would have attained that position; so it’s great for the team but we were looking for the Champions of Champions trophy,” Bishop said.Bishop noted that for the most part the team performed as was expected, but it was in the teachers’ competition that they fell short. After finishing second place in the teachers’ competition last year, South dipped to fourth place this year.“In the teachers’ championships we were very disappointed because that was the only area that we fell down in. We had some stumbling blocks – some teachers were required to be at University exams and college exams – so we couldn’t do anything about that,” Bishop explained.Nonetheless, he is already looking forward to next year with high hopes of seeing the red and grey team hoisting the coveted trophy.last_img read more

WG baseball wins twice more in extra innings

first_imgShare this:FacebookTwitterLinkedInRedditComment on this Story Tags: BaseballWest Genesee No one, especially the forces of nature, was going to make it easy for the West Genesee baseball team.When the Wildcats’ first two games against Fayetteville-Manlius were rained out, they were moved to later in the week as part of an immensely crowded stretch.Among the games were the long-awaited conclusions to two extra-inning affairs – one against Cicero-North Syracuse that dated back to April 23, another with Baldwinsville on Sunday that resumed in the 12th inning, each of them 2-2 ties. Paige’s complete-game effort included seven strikeouts to help overcome six hits and six walks, but Parker matched Paige, and in the bottom of the sixth Ben Delmarsh scored the game’s only run for F-M.The second game, played on Friday afternoon, was also troubling for a while before WG’s bats, dormant for a while, roared to life just in time to pull out an 8-5 victory to even the series.Up 1-0, the Wildcats added two runs in the top of the fifth, only to have the Hornets strike for five runs in the bottom of the fifth, two of them racing home on Delmarsh’s single.But WG had a quick answer, scoring four times in the top of the sixth, plus a run in the seventh. DePalma managed three RBIs, while Gordon drove in two runs. Bonacci had two hits and scored three times as he, along with Gallager and Nick Chemotti, got one RBI apiece.Nick Jessen weathered his rough fifth inning and pitched the rest of the way, keeping F-M off the board and allowing five hits and four walks overall, striking out three.For Saturday’s third game, WG had to, once more, resort to what’s become a season trademark – winning in extra frames, this time going nine innings to outlast the Hornets 5-4.Twice, the Wildcats had to come back. F-M scored three times in the top of the third inning, but WG answered with a run in the fourth and two more in the fifth.They stayed 3-3 until the top of the eighth, when again the Hornets went in front and, again, the Wildcats answered, pulling even, 4-4, in the bottom of the eighth and getting the clinching run an inning later.Tyler Kensey got the win, going two innings in relief after stints from DePalma, Joe Comins and Mike Hebbard. Chemotti went three-for-four and scored twice, with Dan Davis getting a pair of RBIs as Bonacci and Kensey also drove in runs.Jordan-Elbridge went to Chittenango last Thursday and edged the Bears 2-1, erasing a 1-0 deficit with a run in the fourth inning and a go-ahead tally in the top of the seventh.Though the Eagles had just five hits, Carson Ashby and Sean Dristle drove in runs, with hits also going to Zach Fabrize, Ryan Rivenburg and Joe Lakota as Fabrize pitched and limited Chittenango to two hits. The C-NS game would end 3-2 in WG’s favor last Wednesday when it got to Northstars pitching ace Justin DelVecchio for a single run in the top of the eighth inning and have reliever Sam Gallager get the final three outs.Gallager’s work redeemed that of long-ago starter Jack Gordon, who in his seven innings had allowed just six hits and four walks, striking out four. Chris Bonacci and Jake DePalma drove in runs.Then the series with F-M finally got underway on Thursday, and Ryan Paige pitched quite well, only to get outdueled by Max Parker as the Wildcats lost another close decision, 1-0, to the Hornets.last_img read more

Syracuse Sports Quiz 2017: Test your knowledge of Syracuse Athletics

first_imgUPDATED: Aug. 23, 2017 at 12:54 p.m.1) Jim Boeheim is entering his ____ season as Syracuse men’s basketball head coach.53rd42nd30th38th2) At Syracuse, the Legend of 44 honors which players?Jim Brown, Ernie Davis, Floyd LittleNancy Lieberman, Laurie D. Fox, Floyd LittleRoy Simmons Sr., Donovan McNabb, Carmelo AnthonyGary Gait, Ernie Davis, Roy Simmons Sr.3) Which of the following teams have won national titles in the past five years?Men’s and women’s lacrosseField hockey and women’s basketballField hockey and men’s cross countryWomen’s soccer and volleyball4) Syracuse joined ____ conference in ____.AdvertisementThis is placeholder textBig East; 2013ACC; 2015ACC; 2013Big East; 20115) National power Syracuse men’s lacrosse is the second-winningest program in the history of the game. How many national titles has the program captured?10 14846) Each of the following is a former Syracuse star EXCEPT:Kathrine SwitzerCarmelo AnthonyDonovan McNabbKareem Abdul-Jabbar7) How many Final Fours have the men’s and women’s basketball teams combined to reach over the past five years?52318) When was the Carrier Dome built?19911997197519809) Each of the following is a varsity coaching trio at SU EXCEPT:Jim Boeheim, Quentin Hillsman, John DeskoGary Gait, Jim Boeheim, Ange BradleyJim Boeheim, Gary Gait, John WildhackIan McIntyre, Younes Limam, Chris Fox10) Which was Syracuse’s first intercollegiate sport?LacrosseBaseballBasketballSkiingAnswer key:BACCADCDC B Published on August 23, 2017 at 10:12 am Commentscenter_img Facebook Twitter Google+last_img read more

Ireland win gold at World Rowing Cup

first_imgHowever there was disappointment for the O’Donovan brothers.Gary and Paul finished their men’s lightweight double sculls final in fourth place. Ireland have their first gold medal at the World Rowing Cup in Serbia.Mark O’Donovan and Shane O’Driscoll have finished in first place in the final of the lightweight men’s pair in Belgrade.Meanwhile Denise Walsh has claimed a silver medal in the lightweight women’s single sculls.last_img