​Swedish Pensions Agency says special funds too costly for premium pension

first_imgOverall, however, the agency said it supported the 860-page proposal published in November.“We believe that the proposal for a procured fund marketplace will contribute to higher quality and lower costs for pension savers and pensioners,” it said, adding that having a smaller number of funds would simplify choices for pension savers.However, it disagreed with the proposed division of responsibilities between itself and AP7, which is to be given more tasks and change its name to the ‘Authority for the Premium Pension Fund Management’.The agency – which is currently responsible for the whole area of pension choice within Sweden’s general or state pension, which includes the premium pension – said putting the new authority in charge of designing the choice architecture for the new premium pension would make the development work very difficult.“For these reasons, we recommend that the responsibility be pooled at the Pensions Agency and reject the proposal to transfer responsibility for the choice architecture to the new authority,” it said.It also rejected the choice architecture’s proposed design, saying it had not been tested on pension savers.As for the idea of AP7 being in charge of setting requirements for fund trading and fund information, the agency said that it would hamper its ability to take operational responsibility for these two areas.“For this reason, today’s fund agreement should be replaced by two supplementary fund agreements, which each authority enters into with the fund manager,” it said.However, the Swedish Pensions Agency was on board with the principle of giving AP7 extra duties rather than forming and entirely new authority for the premium pension.Separately, in another consultation response published on the Ministry of Finance’s website, the Swedish House of Finance (SHOF), a financial research centre at the Stockholm School of Economics, questioned the whole notion of freedom of choice in the premium pension system. In the debate over the future of the Swedish premium pension system, a key government agency has spoken out against the inclusion of “special funds” – a Swedish category of alternative investment fund that includes hedge funds – on the platform offering investment options to pension savers, saying to do so would be too costly.In its consultation response to the sweeping changes being proposed to the first pillar defined contribution (DC) system, the Swedish Pensions Agency (Pensionsmyndigheten) said: “Allowing special funds with weekly trading and valuation would cause pension savers significant costs from building up support for this in the system, without providing corresponding benefits.”While special funds are not allowed onto the current platform – the funds marketplace (fondtorget) which is to be replaced by a more selective procured set of options under the reform plan – the proposal says it should also be possible to procure special funds and foreign equivalents of such vehicles for the funds marketplace.But the pensions agency rejected the idea, saying the new procurement rules for funds should be designed to work together with the agency’s mutual fund model and its need for daily valuation and trading. “A conflict of interests would arise if the authority should both run its own fund that competes with the funds in the marketplace, and at the same time select and monitor its competitors”Swedish House of Finance (SHOF)The proposal contained little information, it said, about why the new premium pension system should be governed by the principle of freedom of choice. But that at the same time, the think tank argued, this principle was being used to justify the very existence of a procured fund marketplace.“We find it problematic that the principle of freedom of choice is justified on the basis of its intrinsic value,” said SHOF.“If the sole purpose of the principle of freedom is to give individuals the opportunity to choose for themselves, it should be sufficient to offer savers a number of state-managed alternatives,” it said.The financial research centre also saw “a big problem” in the idea of having the fund marketplace managed by AP7.“A conflict of interests would arise if the authority should both run its own fund that competes with the funds in the marketplace, and at the same time select and monitor its competitors,” it said, adding that this became especially problematic when the procurement criteria were partly discretionary, and the decision on the number of funds was delegated.Political risk would grow, it said, as AP7’s default option within the system grew – an expansion that it said was likely to happen because the new regime would lead to more and more pension capital falling into the fund.“There is a risk that when the fund’s mission is broadened to include funds marketplace management, it will also be easier for future politicians to influence the fund’s investment strategy, which would be very problematic,” the institute said.last_img read more

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Bishop Malzaire admonishes Dominican public to change their lifestyle

first_img Share Tweet Share FaithLifestyleLocalNews Bishop Malzaire admonishes Dominican public to change their lifestyle by: – September 19, 2011 Sharing is caring!center_img Share 23 Views   no discussions His Lordship Bishop Gabriel Malzaire. Photo credit: dioceaseofroseau.orgBishop of Roseau his Lordship Gabriel Malzaire is calling for a change in life style among the Dominican public. Bishop Malzaire believes that the prevalence of HIV/Aids and other STD’s will continue to escalate if drastic measures are not taken. He says the Catholic Church will continue to advocate for a change in lifestyle among the population. “There is a certain advocacy that the Church has and the kind of advocacy that we have is in the area of prevention. What style of life aught we to live in other prevent it or curb this,” he said.He said HIV/AIDS is by and large a lifestyle disease.“What we proclaim and teach is lifestyle issues. We know that it is not easy as I am saying because people are relating to people. Especially with couples, especially the unfaithful partners of the couple. Things happen and without any knowledge or understanding of what’s happening, some other member of the couple can contract the disease,” he added.Bishop Malzaire said the church has been doing its best to deal with the matter.“The church has been speaking of the disease and its prevention, especially in the area of abstinence. It also talks about having respect for your family. This is the key,” Malzaire said.Dominica Vibes Newslast_img read more

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UEFA president Ceferin: leagues ready to play behind closed doors

first_img Loading… UEFA president Aleksander Ceferin said Monday that leagues across Europe were ready to return to action behind closed doors in a bid to limit the damage caused by coronavirus. UEFA president Aleksander Ceferin speaks during the UEFA Congress in Amsterdam in March Football leagues have been suspended since mid-March due to the pandemic which has claimed more than 100,000 lives throughout the continent. But the head of European football believes that playing would be an important step towards a return to normal life and avoid heavy financial losses for leagues. “I believe there are options that can allow us to restart cup championships and to complete them,” Ceferin said in an interview with Italian daily Corriere della Sera. “We may have to resume without spectators, but the most important thing, I think, is playing games. “It is early to say that we cannot complete the season. The impact would be terrible for clubs and leagues. Better to play behind closed doors than not at all. “In such hard times it would bring happiness to people and a certain sense of normality even if the games can only be seen on TV. “All activities are being organised to start again, everyone needs to find their lives. “If safety measures are respected and if the authorities give the green light, the training could resume like the rest. “Further consent will be needed for matches.” Read Also: Barcelona agree to play without fans until 2021 “Football is interconnected, we have seen how important it is for UEFA and leagues to work in good cooperation. The executive committee will review the cases.” He added: “Leagues are the revenue base for clubs nationwide. If completed, the financial consequences will be limited. “UEFA, on the other hand, will lose a lot of money for postponing Euro 2020.” FacebookTwitterWhatsAppEmail分享 Ceferin said that if leagues returned “soon enough” then Champions League and Europa League matches could “be played in parallel” with no date limit for the finals. The Slovenian said he was not in favour of the season going into September and October as it “would have a heavy impact” on the 2020-2021 campaign. “We can finish, but we must respect the decisions taken by authorities,” he continued. “The priority is the health of fans, players and coaches.” As for countries who have decided not to finish the season, Ceferin said that UEFA “will review the cases”. “Such decisions were not made alone,” he said. Promoted ContentEver Thought Of Sleeping Next To Celebs? This Guy Will Show You8 Superfoods For Growing Hair Back And Stimulating Its GrowthThe Network’s Greatest Shows On HBO8 Best 1980s High Tech GadgetsBirds Enjoy Living In A Gallery Space Created For Them9 Movie Scenes That Got Re-Shot And Saved The Whole MovieWho Earns More Than Ronaldo?The Very Last Bitcoin Will Be Mined Around 2140. Read More7 Non-Obvious Things That Damage Your PhoneCouples Who Celebrated Their Union In A Unique, Unforgettable Way5 Of The World’s Most Unique Theme ParksMind-Bending Technology That Was Predicted Before It Appearedlast_img read more

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Mikel eager to return to England

first_img Loading… The midfielder won a number of accolades during his time at Stamford Bridge, including two Premier League titles, FA Cup, Champions League, Europa League among others. The former Nigeria international also featured for Championship club Middleborough after leaving Chinese Super League side Tianjin Teda in 2018. The midfielder had 91 caps for the Super Eagles before announcing his retirement from international duty after helping the West Africans finish third at the 2019 Africa Cup of Nations in Egypt. read also:Stoke City join race for Mikel Obi  Mikel also played a prominent role as Nigeria clinched the continental title for the third time in their history in 2013 in South Africa, under the guidance of Stephen Keshi. He captained Nigeria to a bronze medal at the 2016 Olympics Games in Rio and was part of the Super Eagles squad at the 2014 and 2018 World Cup tournaments. The midfielder will hope to secure a club before the commencement of the 2020-21 campaign. FacebookTwitterWhatsAppEmail分享 Former Super Eagles skipper. John Obi Mikel, has revealed he was on the verge of securing a club in England after holding sway for Premier League club Chelsea in the past. The former Super Eagles captain is currently without a club after parting ways with Turkish Super Lig side Trabzonspor by mutual agreement in March. Before his departure from the Medical Park Stadyumu, the 33-year-old made 27 appearances for the Black Sea Storm across all competitions. The midfielder has been linked to newly-promoted Premier League side West Bromwich Albion and Championship club Stoke City. “Yes, there are interested clubs and England is a strong possibility and why not,” Mikel told BBC Sport. “We are currently in talks with clubs and there is absolutely no hurry. I can only wait to see what happens.” Mikel made an indelible mark in England during his 11-year stay with Chelsea, where he featured in 249 league appearances.Advertisementcenter_img Promoted Content10 Risky Jobs Some Women DoWhich Country Is The Most Romantic In The World?8 Ways Drones Will Automate Our Future8 Superfoods For Growing Hair Back And Stimulating Its GrowthTop 10 Most Romantic Nations In The WorldYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimePortuguese Street Artist Creates Hyper-Realistic 3D GraffitiThe 10 Best Secondary Education Systems In The WorldWho Earns More Than Ronaldo?9 Facts You Should Know Before Getting A TattooThe Best Cars Of All TimeThe Very Last Bitcoin Will Be Mined Around 2140. Read Morelast_img read more

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2019 Decatur County 4-H rabbit results

first_img______________________________________________Rabbit AmbassadorBreed ID, ShowmanshipNovice (3rd and 4th grades)Grand: Anna Marie HackmanReserve: Madelyn BedelJunior (5th and 6th grades)Grand: Ava HattonReserve: Eliana WeberIntermediate (7th and 8th grades)Grand: Luke HattonReserve: Paige GauckSenior (9th and 10th grades)Grand: Alli NobbeReserve: Troy HornbergerMaster (11th and above)Grand: Grace FullenkampReserve: None_____________________________________________________________________________________Rabbit Talks:Level 1 (3th and 5th grades)Grand: Gus GroteReserve: Corrine VolkLevel 2 (6th and 8th grades)Grand: Ave HattonReserve: NoneLevel 3 (9th and 12th grades)Grand: Grace FullenkampReserve: None_____________________________________________________________________________________Rabbit Poster:Level 1 (3th and 5th grades)Grand: Corrine VolkReserve: Edward VolkLevel 2 (6th and 8th grades)Grand: Ava HattonReserve: NoneLevel 3 (9th and 12th grades)Grand: Grace FullenkampReserve: Greensburg, IN—Meat PensGrand: Paige GauckReserve: Victoria Gauck3rd: Jessica Gauck4th: Madelyn Bedel5th: Aiden Kress_________________________________________________________________________Single FryerGrand: Paige GauckReserve: Victoria Gauck3rd: Madelyn Bedel4th: Jessica Gauck5th: Aiden Kress_____________________________________________________________________________________CaliforniaBest of Breed: Paige GauckBest Opposite Sex of Breed: Jessica Gauck_____________________________________________________________________________________Dutch GroupBest of Breed: Aiden KressBest Opposite Sex of Breed: Avery Kress___________________________________________________________________________________Florida White Group_Best of Breed: Justin BedelBest Opposite Sex in Breed: Justin Bedel_____________________________________________________________________________________Mini Lop GroupBest of Breed: Alli NobbeBest Opposite Sex in Breed: Anna Marie Hackman Mini Rex GroupBest of Breed: Keely PavenBest Opposite Sex in Breed: Elaine Weber_____________________________________________________________________________________Mini Satin GroupBest in Breed: Jewel HowardBest Opposite Sex in Breed: Avery Kress_____________________________________________________________________________________Netherlands DwarfBest of Breed: Troy HornbergerBest Opposite Sex in Breed: Troy Hornberger_____________________________________________________________________________________New Zealand GroupBest of Breed: Paige GauckBest Opposite Sex in Breed: Victoria Gauck_____________________________________________________________________________________Palomino Golden Sr. DoeBest of Breed: Luke HattonBest Opposite Sex in Breed: Luke Hatton_____________________________________________________________________________________PolishBest of Breed: Cletus RennekampBest Opposite Sex in Breed: Cletus Rennekamp_____________________________________________________________________________________Sliver MartinBest of Breed: Corrine VolkBest of Opposite Sex in Breed: None_____________________________________________________________________________________Thrianta Best of Breed: Gus GroteBest Opposite Sex in Breed: None_____________________________________________________________________________________Overall Winners of showGrand: Paige GauckRes. Grand: Alli Nobbe_____________________________________________________________________________________Rabbit Showmanship:Novice (3rd and 4th grades)Grand: Madelyn BedelReserve: Anna Marie HackmanJunior (5th and 6th grades)Grand: Ave HattonReserve: Elaina WeberIntermediate (7th and 8th grades)Grand: Luke HattonReserve: Paige GauckSenior (9th and 10th grades)Grand: Alli NobbeReserve: Troy HornbergerMaster (11th and above)Grand: Grace FullenkampReserve: nonelast_img read more

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Koeman unmoved by Clyne speculation

first_imgSouthampton manager Ronald Koeman is unmoved by the speculation surrounding Nathaniel Clyne ahead of Monday’s match against apparent suitors Manchester Untied. Press Association This has been a wonderful season to date for the 23-year-old full-back, having played a key role in Saints’ astonishing start to the campaign and impressed in his first England run-outs. Such displays have somewhat inevitably led to speculation Clyne could soon be leaving for pastures new, with Monday’s opponents United heavily linked in recent days. center_img The right-back’s deal at St Mary’s runs until 2016 and talks are ongoing to extend that, leaving Koeman relaxed about the situation. “If I have to be worried about those kind of rumours, then I will be worried every day and I don’t like that,” the Dutchman said with a smile. “I like my life and I like to be positive. It’s no issue.” It is a good job Koeman does not get het up by transfer talk given the summer he had, with Luke Shaw, Adam Lallana and Rickie Lambert amongst those moving on, although that unparalleled talent drain from St Mary’s has not led to the meltdown some had predicted. Saints instead enjoyed their best-ever start to a top-flight campaign and, while things have gone slightly awry of late, they remain in with a serious chance of securing a top-four finish. Injuries have taken in recent matches and, depending how things pan out in the coming weeks, Koeman may choose to dip into the transfer window in January. “One is to plan January when you have everybody available then you have to look if you need some players,” the Saints boss said. “If you have a lot of injuries for a long period, that makes it more normal to bring in new players. “We have to wait because players are coming back and that decision we have to make in two or three weeks.” last_img read more

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Colors/Guinness Greatest of the Streets West Dem … Action packed night carded for Pouderoyen

first_imgA PACKED night of action is anticipated this evening for the street football fans of Pouderoyen when the Colors/Guinness Greatest of the Streets West Demerara leg concludes. In a tense opening affair, the balanced and well-rounded unit ESPN will go head-to-head with the hard-hitting Hustlers for the first spot in the final.The second encounter will see the brute force of the Showstoppers come face to face with the Money Team in an all-out battle royal for the second spot.In addition to those games, there will be three exhibition games. In the first GPL will take on their utility counterparts GWI, followed by Broad Street versus Harmony Ballers and Admiral United against the Promoters.In the quarterfinal action, ESPN advanced via the penalty route 2-0 over Agricola while Hustlers had a 3-2 penalty result over their Goal-Getters counterparts as Deon Charter’s 14th minute shot was cancelled out by Goal-Getters Rolex Smith (28th).Games three and four were also decided on penalties as Showstoppers prevailed 2-1 over Brothers United while the Money Team won 2-1 against Tajoe’s Admiral UnitedIn the earlier group stages, West Side Ballers gained a walkover from De Kinderen while Patentia gained the same result against Golden Warriors. Semi-Finalists ESPN won against Goal-Getters 2-1 through sudden-death penalties.Meanwhile, Harmony Ballers were beaten 3-2 on penalties by Young Ballers after a one-goal stalemate. Simeon Peters’ opening goal for Young Ballers was cancelled in the 11th minute when Kevin Richards found the back of the net.Game five ended in favour of eventual semi-finalists Money Team as they registered a 1-0 win over Good Intent through Amoniki Buntin while Hustlers squeezed past Agricola Champion Boys 3-2 on sudden-death penalty kicks.Brothers United through Leon Yaw also produced a 1-0 win over Tajoe’s Admiral United while Dexroy Adams (8th) and Hubert Pedro (12th) helped Showstoppers overcome Jettty.last_img read more

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Guyana Football Federation dismayed following Disciplinary Committee ruling

first_imgTHE executive committee of the Guyana Football Federation (GFF) noted with consternation the adverse ruling against their body by the Disciplinary Committee in the matter of a complaint made by Slingerz FC, Alpha United, Pele FC and the Georgetown Football Club (GFF).Attorneys Sanjeev Datadin (Chairman) and Natasha Vieira, along with Dr. Clement McEwan ruled that the executive committee’s decision to move the STAG Elite League from eight to ten teams was ultra vires their powers and unconstitutional and that the GFF Constitution can only be amended by Congress and the Executive Committee had no authority to unilaterally amend the Constitution in any manner whatsoever.The GFF stated that “while the executive committee fully respects the independence and role of the Disciplinary Committee, it is their (the GFF) position that this matter does not fall within the jurisdiction of the Disciplinary Committee, as was formally communicated to the Chairman at the outset.”“The governing bodies, FIFA and CONCACAF, have confirmed that the Executive Committee acted fully within its rights and powers, as clearly laid out in the GFF’s Constitution; that no breach to the Constitution occurred, and that no change to the Constitution was required in order to expand the League” the Federation said in a release.Article 36.2.i of the Constitution states that it is within the powers of the Executive Committee to “draw up regulations governing the conditions of participation in and the staging of competitions organised by the Federation, including the playing schedule. This shall not affect the composition of the Congress.”In addition, according to the GFF, the four clubs that chose to boycott this season’s League were in violation of Article 13.1.c of the Constitution, which states that members are obliged “to take part in competitions (if applicable) or other sporting activities organised/approved by the Federation.”“As a consequence of this breach of the Constitution, which automatically meant the clubs had chosen not to be in good standing with the GFF, CONCACAF was forced to take the very difficult decision to exclude those clubs from this year’s regional competition” the Federation added.The GFF cited that “it is vital that all of our members are fully familiar with, and willing to abide by, the full content of the Constitution, as we seek to reform and rebuild football in Guyana.The GFF Executive Committee is working hard to restore the image of football in Guyana and to lay sustainable foundations for a professional, accountable and successful future for football through reform, respect for the rules and careful investment in development and facilities.last_img read more

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Geron Williams wins Digicel/Evolution Cancer Awareness feature

first_img–dedicates victory to late relative Barbara LovellGUYANA’s lone professional racing cyclist, Geron Williams yesterday won the feature 35-lap race of the Digicel/Team Evolution Cancer Awareness Cycle Road Race which was staged around the outer circuit of the National Park.After blowing away the field that was made up of the country’s top wheelsmen, Williams, a humble individual told Chronicle Sport he wants to dedicate his hard-earned victory to his relative, Barbara Lovell, who died a few years ago from Breast cancer.“Today’s race was more than a bicycle race, and the victory was made a bit sweeter by the competitive nature of the event.” Williams stated.He (Williams) said leading up to the event, he prepared for a very intense race and it lived up to expectations, but was prepared for it and in the end, his preparations paid off.He said the race was very tough from the start and he missed the first break which occurred after the completion of the third lap, but with assistance from four other cyclists, he was able to connect back to the learders.He said with three laps remaining and after sharing the lead with a few of the other cyclists up front, he made his move but was pursued by Curtis Dey, Jonel Yearwood, Andrew Hicks and Mark Harris. With one lap remaining, he found himself in second position but battled to the end and in turning for the finish at the corners of Lamaha and Irving Streets, he made his move and blew away the opposition, winning by approximately five bicycle lengths.Dey was second, Yearwood third, Hicks fourth, Harris fifth and Paul DeNobrega sixth.Williams also won three of the five prime prizes that were up for grabs, while Walter Grant-Stuart and Dey won one each.Geron Williams (left) accepts his winning prize from DIgicel’s Regional Executive Officer, Gregory Dean, after winning the feature Digicel/Evolution feature 35-lap cycle race yesterday.In other results, Dey was the first junior to cross the finish line. Shane Bourne won the five-lap mountain bike race ahead of Oziah McAullay and Julio Melville, respectively.The novice event was won by Raphael Alberts who finished ahead of O’Neil Rosae and Paul Thomas, respectively.Ian `Dumb Boy’ Jackson won the 20-lap race for veterans over 45 years of age, ahead of Kennard Lovell and Amrit Sankazr, respectively.In the 20-lap race for veterans under 45 years of age, Junior Niles won from Paul Cho-Wee-Nam and Stephen Fernandes, in that order.As was promised prior to the start of the event, Digicel had pledged to match the registration fee of the cyclists and donate same to the Cancer Institute of Guyana and yesterday, they lived up to their promise by donating a cheque worth $472,000 to the organisation.last_img
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Syracuse to host 2 games in Carrier Dome

first_img Published on July 12, 2012 at 11:07 am Contact Chris: cjiseman@syr.edu | @chris_iseman For the first time in program history, the Syracuse volleyball team will play two matches in the Carrier Dome, SU Athletics announced in a press release Thursday.Both matches will be during Big East play, with the first one taking place on Nov. 4 against Connecticut, and the second on Nov. 11 against Seton Hall. The Orange will play the rest of its home matches at the Women’s Building.“There is so much tradition surrounding a place like the Dome and we are thrilled to have the opportunity to play there,” head coach Leonid Yelin said in the release.Yelin is entering his first season as Syracuse’s head coach, after taking over for Jing Pu, who was fired midway through last season.The SU volleyball team is making its debut in the Carrier Dome, just eight months after the softball team did the same in the “Duel in the Dome,” when it hosted Colgate and Canisius.AdvertisementThis is placeholder textSyracuse, which returns four starters from a season ago, starts the 2012 season Aug. 24 in the Colgate Classic in Hamilton, N.Y. The Orange plays a total of 30 matches this season, and will face six teams that made the NCAA tournament last year. Comments Facebook Twitter Google+last_img read more

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