September 30, 2020
  • 1:25 pm Dutch insurer outsources pensions administration to APG subsidiary
  • 1:21 pm Swedish pension funds wrangle with VW over potential conflict of interest
  • 1:17 pm Falling interest rates lift Q1 return at ING pension fund to nearly 7%
  • 1:04 pm Pension fund for Dutch watchdog seeks merger with other schemes
  • 1:02 pm Rising management costs see PPF consider in-house team

first_imgThe European Central Bank’s (ECB) policy of buying corporate debt is “destroying” the debt market, with funded pension systems being considered “collateral damage”, according to Peter Eichler, a member of the board at Austrian insurer Uniqa.Speaking at an institutional investor summit in Vienna, Eichler said the “wipe-out of funded systems [seemed] to be an accepted risk” of the central bank’s amended quantitative-easing programme.Eichler’s company Uniqa owns a stake in the Austrian Pensionskasse Valida.Also speaking at the summit, Olaf Keese, managing director at the S-Pensionskasse, the German pension fund for savings banks (Sparkassen), said the ECB was “distorting that market” for European corporate debt. The S-Pensionskasse has in recent years set up a Masterfonds, with the vehicle investing in international government bonds through a credit overlay.The Masterfonds covers 8% of the Pensionskassen’s €4bn in assets.Keese said his fund could invest in longer-duration bonds of 15 years of maturity or more, thereby increasing duration, but he acknowledged that the approach would increase risk without improving risk-adjusted return.He said the overlay strategy had been chosen “especially due to a higher degree of liquidity and granularity”.“At the moment,” he added, “this approach is especially favourable since corporates are getting less liquid and more expensive.”Incentivising infrastructureCriticism for European policies also came from Martin Bruckner, managing director at Allianz Austria, who pointed to “inconsistencies” in institutional plans to increase investment in infrastructure.“Politicians say we should invest billions into infrastructure, but the supervisors seem to have different ideas – they should find a consensus on this important topic,” he said.Bruckner also argued that regulations were making it increasingly difficult for banks to grant long-term loans.“We as institutional investors therefore have to step into this private-debt segment,” he said. For Christian Böhm, chief executive at Austria’s €4.2bn APK Pensionskasse, one of the problems stemming from European regulation and supervisory framework is its view of certain asset classes.“All the stress tests are based on [value-at-risk] models and are always backward-looking, which means, for example, government bonds are extremely overvalued.”He argued that the backward-looking view emphasising government bonds was “not helping us in the least at the moment”, adding that he hoped for “a change in valuation views through a European dialogue”.But Böhm also stressed the responsibility borne by pension funds in the current environment.“Pensions are not risk-free, and we have to manage the assets so that we have enough risks on the books to generate sufficient returns,” he said. “If we do not achieve this over a rolling multiple-year period, we are obsolete as institutions for retirement provision.”last_img read more

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first_imgThe financial sector has responded with relief to the outcome of the Dutch elections, with the liberal VVD party of prime minister Mark Rutte the clear winner.Geert Wilders’s populist Freedom Party, PVV, gained less than expected.VVD’s current coalition partner, the labour party PvdA, has largely collapsed – dropping 29 seats to 9. This opens the way to a new centre-right government under Rutte, likely to be supported by the Christian democrats, CDA, and the liberal democrat party D66.“If this is the case, it won’t impact our view on European financial markets,” commented Lukas Daalder, chief investment officer of asset manager Robeco. “If Rutte can continue as prime minister, Dutch politics would be a source of stability, rather than disruption.” The euro rose and spreads in euro-denominated bonds declined on the back of the election outcome, Daalder said. He noted, however, that yesterday’s rate hike from the US Federal Reserve may have been the dominant cause.Anna Stupnytska, global economist at Fidelity International, described the election result as “good news”.However, she warned that a long negotiating period for a new coalition government was likely, “which would not be helpful for a Greek bailout review”, which is ongoing.A new government coalition would need at least one smaller party – in addition to VVD, CDA, and D66 – for a majority.The most likely candidates are the small religious right party CU, which won five seats, and the green-left party GroenLinks, which more than tripled its number of seats to 14. Although tough climate measures are a key element in GroenLinks’s manifesto, it hasn’t excluded co-operation with the VVD.Ruth van de Belt, senior investment strategist at Kempen Capital Management, concluded that the election result gave investors breathing space ahead of the presidential elections in France. She said Kempen expected Le Pen to lose from Macron in the second round, and also indicated that the asset manager didn’t anticipate early elections in Italy.“With the cloud of uncertainty lifting, this makes European equities very attractive,” Van de Belt added.Antoine Lesné, EMEA head of exchange-traded funds strategy at State Street Global Advisors, said French government bond spreads might tighten a bit, as the Dutch election was seen as a temperature check for the French elections, which start next month.Columbia Threadneedle Investments, however, was more cautious and pointed at the increased fragmentation of the political landscape, and the fact that Geert Wilders – who gained 20 seats in the 150-strong lower house – will remain as a critical opposition voice.Pension managers APG and PGGM, as well as pension funds ABP and BpfBOUW, declined to comment on the election result.last_img read more

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first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:37Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:37 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenSpring selling predictions for 202002:37A LUXURY Gold Coast penthouse bigger than most houses in the city has hit the market for the spring selling season.The three-level 914 sqm sky home in Southport’s Rivage Royale is for sale through an expressions of interest campaign targeting buyers with more than $5 million to spend.B27-2/75 Brighton Pde, Southport is on the market through expressions of interest.What a pool!MORE NEWS: Gold Coast real estate: Custodian CEO John Fitzgerald urges Australians to buy more property nowHouse Rules architect raises the renovation bar“The sheer size of this penthouse puts it into a category on its very own,” marketing agent Tolemy Stevens of Harcourts Coastal said.“There aren’t many penthouses that are approaching 1000sq m.“It’s bigger than 90 per cent of homes on the Coast.”The rooftop entertaining area.B27-2/75 Brighton Parade Southport. Rivage Royale penthouse.What a view!As well as ocean, city, Broadwater and mountain views, the four-bedroom apartment has a long list of features including a rooftop pool and entertaining area, glass lift, wet bar, opulent master bedroom and two marina births.“This is for someone who wants the very best of everything – the luxurious lifestyle ticks all the boxes,” Mr Stevens said.The listing follows a run of multimillion-dollar penthouse deals in recent months.The Rivage Royale penthouse has its own glass lift.More from news02:37International architect Desmond Brooks selling luxury beach villa6 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoStyle at every turn in the Rivage Royale penthouse.Last month, a penthouse in the Oracle building sold sight unseen for $4 million while another penthouse at 19 Broadbeach Blvd changed hands for $5.05 million in July.Mr Stevens marketed both properties.“There is absolutely no doubt the penthouse market seems to be one of the hottest markets at the moment,” Mr Stevens said.“The continuing demand from interstate buyers to secure opulent holiday homes hasn’t wavered.Rivage Royale at Southport“We are also seeing an increase of couples and families who are looking to move to the Gold Coast permanently and pack up from Sydney and Melbourne.”In an off-the-plan sale, entertainment entrepreneur Billy Cross is understood to have splashed between $6 and $7 million on the White penthouse, to be built in Main Beach.last_img read more

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first_img Share HealthLifestyle British Heart Foundation says ‘no kissing, just hard CPR’ by: – January 4, 2012 Sharing is caring! Tweet Vinnie Jones demonstrates CPR in the British Heart Foundation advertThe British Heart Foundation is urging people to forget “mouth-to-mouth” and to concentrate on chest compressions when performing CPR. “Hands-only CPR” has previously been supported by the Resuscitation Council (UK).But it is now being promoted in a new advertising campaign featuring footballer-turned-actor Vinnie Jones.New polling by the BHF suggests many feel worried about the idea of giving the “kiss of life”.The official position of the BHF is now that anyone who does not have CPR training should ignore the kiss of life in favour of hard and fast compressions in the centre of the chest.A new poll conducted across the UK and involving 2,000 respondents showed nearly half were put off from performing CPR because of a lack of knowledge. A fifth worried specifically about the thought of the kiss of life or about contracting an infectious disease. Four in 10 people were worried about being sued if they did something wrong, even though the BHF argues no such case has ever succeeded in Britain.“The kiss of life can often be daunting for untrained bystanders who want to help when someone has collapsed with a cardiac arrest,” said Ellen Mason, senior cardiac nurse at the BHF. She said the kiss of life remained the “gold standard” of CPR, but added if a person had not had training the best option would be to just do chest compressions.Bee Gees hitThe BHF is also suggesting people hum to the Bee Gees hit Stayin’ Alive, to get the tempo of chest compressions right, although others have in recent months questioned whether this is appropriate, suggesting it may lead to compressions which are too shallow.The new BHF advert features Vinnie Jones in his traditional hardman guise, administering chest compressions to a Bee Gees backbeat after being thrown an unconscious body by his henchmen.Commenting on the new campaign, he said: “There really shouldn’t be any messing about when it comes to CPR. If you’re worried about the kiss of life just forget it and push hard and fast in the centre of the chest. “Hands-only CPR should give have-a-go heroes the confidence to step in and help when somebody is in cardiac arrest.” Ms Mason said everyone should learn what to do: “Thirty thousand people have a cardiac arrest in the UK every single year and half of those are witnessed, but in most cases no-one acts, no-one knows what to do, people panic.“If it was us, we would all want our loved ones and ourselves to be saved, wouldn’t we?”BBC Newscenter_img Share Share 9 Views   no discussionslast_img read more

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first_imgLocalNews DSC’S contribution to the Ministry of Health by: – November 16, 2011 Share Sharing is caring! Share 14 Views   no discussionscenter_img On Monday, 14th November, 2011, at the Goodwill Campus of the Dominica State College (DSC) all ward sisters of the Princess Margaret Hospital (PMH) and district hospitals participated in a capacity building workshop put on specifically for them by the DSC. A total of 18 participants comprising 16 ward sisters from PMH and one each from Marigot and Portsmouth Hospitals were meaningfully engaged in a timely workshop on Care Planning.The goal of the workshop was to augment the competency of participants in the development of care plans so as to enhance the quality of the nursing care provided in Dominica’s hospitals. The topics covered in the workshop were as follows:• Assessment in Nursing facilitated by Lilia Casey,• Characteristic of a Good Nursing Diagnosis facilitated by Beverly Fontaine,• Nursing Goals and Outcomes facilitated by Martha Laurent and• Planning for Discharge facilitated by Julie Blaize.The workshop was chaired by Dean, Denise Edwards of the Faculty of Health Sciences (FHS) of the DSC. All the facilitators used to deliver the workshop are current Lecturers of DSC assigned to FHS.The four and a half hour workshop included a focused group activity to critique and develop care plans with emphasis on Nursing Diagnoses.Each participant will receive a DSC Certificate of Participation.The workshop is an initiative of the FHS designed to continuously contribute to the human resource development of the Ministry of Heath (MOH). The FHS plans to deliver several workshops, seminars and symposiums to staff of the PMH as a way of sharing the wealth of knowledge and skills residing among the lecturers of the faculty. In addition, such contributions represent DSC’s innovative way of saying thanks to the MOH for the continuous support it receives from the institution.The DSC has in the recent past organised training sessions for Departmental Nurses and plans to do the same for Staff Nurses the near future.The ward sisters expressed high praise to the DSC for such a professionally delivered workshop and spoke unanimously of the value it has added to their personal and professional empowerment.Dean Edwards looks forward to expanding the reach of the FHS to help in developing human resource capacity in every health related institution in Dominica. In humbly accepting the compliments of the ward sisters, Dean Edwards noted that this was an opportunity to celebrate the collective competencies of the lecturers of the FHS.Press ReleaseFaculty of Health Sciences, Dominica State College Share Tweetlast_img read more

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first_img Share Sharing is caring! Share EntertainmentLocalNews ‘Ignite de Fyah’ concert postponed in respect for Jeff Joseph by: – November 30, 2011 91 Views   one commentcenter_img Tweet Share Miguel Labadie and Dane Smalling of Mira Entertainment; organizers of the ‘Ignite de Fyah’ concert, have postponed the show in respect for the national day of mourning in honor of Jeff Joseph.The concert which was carded for the 3rd of December, 2011 has been postponed as Dominica will be observing a national day of mourning on that same date for its Goodwill Ambassador Jefferson “Jeff Joe” Joseph who died on Wednesday last week in Martinique.Miguel Labadie who describes Jeff Joe as a “true Dominican legend’ told Dominica Vibes News that they saw it fitting to postpone the concert in respect for the tremendous contribution that Jeff Joe has made to Dominica.“Jeff Joe was a true Dominican legend who inspired artists in generations before me and those of my generation. It is with deep sadness that we all learnt of his passing especially just a few weeks after his memorable performance at the 15th World Creole Music Festival.”Labadie also noted the pioneering efforts of Jeff Joe and others in the success of a creole music festival in Dominica. “It is because of the work of Jeff Joe and others like Gordon Henderson, Fitzroy Williams, Chubby and his brother and the likes why Dominica is having its own creole festival. So it is in that context why we see it fitting to have the pioneers like Jeff, Chubby and the others on the festival every year. Unfortunately that was not meant to be for Jeff but we are still grateful that we could have seen him perform at the festival many times and in Dominica.”Although the concert had been scheduled for December 3rd and widely advertised for several weeks the organizers say they will respect the decision of the authorities to observe December 3rd as a national day of mourning despite minor inconveniences.“We have decided to move the concert to the 10th of December which is next Saturday notwithstanding minor inconveniences. It would not be in good taste that we just go along with the concert as planned on the same day as we would be as a nation observing the 3rd of December as a national day of mourning which will be the same date for the funeral. We saw it fitting to move the date of the concert across and we are happy that our friends from overseas were willing and able to hold off their other commitments because of their will and their desire to be in Dominica for the first time to perform for the people.”Meantime Dane Smalling conveys the condolences of the Jamaican artists Fantan Mojah and Natural Blacks to the relatives and friends of Jeff Joseph as well as artists in the music fraternity. “Jeff Joe will be greatly missed by Dominicans and everybody in the music fraternity because he has done a lot over the years especially for Dominica. The Jamaican artists; Natural Black, Fantan Mojah and their management send their condolences to members of the Dominican friends and family of Jeff Joe and all the music fraternity.”The concert will feature Natural Black and Fantan Mojah known for hits like ‘Most High Jah’, ‘Thanks and Praise’, Natural sings ‘Far From Reality’ along with top Dominican stars. It will feature artists who sing against injustice, oppression, negativity and all other forms of negative social concerns and artist who promote conscious living, righteousness and positivity.The new date for the “Ignite de Fyah” concert is December 10th, 2011 at the Harlem Plaza from 9pm.Dominica Vibes Newslast_img read more

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first_img Manchester United boss Ole Gunnar Solskjaer is interested in signing the Croatian Read Also: EPL clubs ask players to take 30% wage cut amid COVID-19 crisis The Croatian, now 31, has played 298 games for the Catalan giants and won four La Liga titles, four Copa del Rey trophies and the Champions League in 2015. Rakitic has enjoyed limited playing time for the club this season, having to content with Frenkie de Jong, Arthur, Arturo Vidal, Sergi Roberto, Riqui Puig and Sergio Busquets all vying for the starting positions. FacebookTwitterWhatsAppEmail分享 Loading… Barcelona are set to let midfielder Ivan Rakitic leave the club for a fee of £17million this summer with Atletico Madrid leading the race for his signature, according to Marca. With just a year left on his contract, a host of clubs in England, Germany and Spain – including Manchester United – are considering a move for Rakitic. Barcelona midfielder Ivan Rakitic could depart the club this summer for £17million Ole Gunnar Solskjaer is contemplating a move to bring experience into his squad at a relatively cheap price. Rakitic was a World Cup finalist in 2018 with Croatia, but his nation lost out to France in the final.Advertisementcenter_img Promoted Content11 Most Immersive Game To Play On Your Table Top6 Extreme Facts About HurricanesThe Highest Paid Football Players In The WorldA Guy Turns Gray Walls And Simple Bricks Into Works Of Art10 Bollywood Celeb Weight Loss Transformations That Will Stun You5 Of The World’s Most Unique Theme Parks5 Of The World’s Most Unique Theme ParksWho Is The Most Powerful Woman On Earth?This Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical10 Legendary Historical Movies You Should SeeThe Funniest Prankster Grandma And Her Grandson2020 Tattoo Trends: Here’s What You’ll See This Yearlast_img read more

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first_imgIn the north, 27 participants frombarangays Codcod and Quezon in San Carlos City graduated from the programdubbed Kinabuhi Angay Ampingan Bag-Uhon Alang sa Ginoo (KAABAG) on Feb. 28. He acknowledged the partner-agencies ofthe Philippine National Police in working for the success of the program.The Department of the Interior and Local Government has been implementing theCBDRP to put off the overcrowding of patients in large drug treatment centers. “While we run after the drug syndicatesand pushers, we are also helping the users eliminate drugs in their lives,”Baleros said. Colonel Romeo Baleros, director of theNegros Occidental Police Provincial Office, said the conduct of the CBDRP ispart of the demand reduction campaign against illegal drugs. The CBDRP is intended for those who aresuffering from drug use and drug abuse, both of which are considered as low andmild substance use, not for those who are diagnosed as drug dependents.center_img Eighteen persons who used drugs (PWUD)from various barangays in Bago City in the south finished the PagBAG-O WellnessProgram (PWP). BACOLOD City – A total of 45 former drug users in two cities in NegrosOccidental have completed the 90-day Community-Based Drug RehabilitationProgram (CBDRP) hosted by their respective local government units. The program is being implemented ascollaboration among the LGUs, local health offices, social welfare developmentoffices, and police units. (With PNA/PN)last_img read more

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first_img “The ground should be fine for him at Navan. They’ve been getting plenty of rain and the ground is soft at the moment. “I just thought the Yorkshire Cup looked a tough race this year and Navan looked a better spot to start him off and you couldn’t be sure about the ground at York. It could be quick by Friday.” Press Association David Lanigan is expecting ground conditions to be in Biographer’s favour when the smart stayer makes his seasonal debut in the Coolmore Vintage Crop Stakes at Navan on Sunday.center_img The Lambourn trainer has opted to start the six-year-old off in the Group Three over a mile and three-quarters after not declaring him for Friday’s Yorkshire Cup. “He worked this morning and worked well, so the plan is to go to Navan,” said Lanigan. last_img read more

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first_imgWednesday’s meeting at Listowel is subject to a 4pm inspection today. The track has been forced to call off two days of action so far after heavy rain left the surface waterlogged. The course is reported to still be partially waterlogged and unfit for racing, with officials planning to assess their chances of racing later this afternoon. Press Associationlast_img

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