Nedlloyd pension fund opts for individual defined contribution

first_img“Participants could benefit from the returns of the scheme’s investments in securities after retirement date.”Meanwhile, harbour tugboat company Svitzer, which started operating in the port of Rotterdam last year, has joined the new pension plan of the Nedlloyd pension fund with its 120 active participants.Svitzer is also part of Maersk Group, which bought shipping company P&O Nedlloyd in 2005.However, Maersk company Damco will continue its collective DC plan with the Nedlloyd scheme for its 275 workers for the time being, due to contractual obligations.He added that he expected Damco employees would also join the new pension plan in the near future.The Nedlloyd Pensioenfonds reported a 21.8% return for 2014.Its €640m matching portfolio of government bonds and swaptions returned 35.2%, while its other investments combined returned 11.7%.Last January, the scheme returned more than 5%.Its current coverage ratio – drawn on market rates – is 111.6%.The Nedlloyd Pensioenfonds has 11,695 participants in total, of which 800 are employed by Dutch subsidiaries of Maersk Group.The scheme has 7,910 pensioners and 2,980 deferred members. The €1.4bn Nedlloyd Pensioenfonds has switched from collective defined contribution (DC) to individual DC pension arrangements for the staff of a number of Netherlands-based companies of Danish Maersk Group. The pension fund will maintain the pension plan but has outsourced capital accrual to asset manager Robeco, which will invest participants’ pension assets as a default in a life-cycle mix.Under the new arrangements, pension capital accrued with Robeco can be used for purchasing a pension at the Nedlloyd scheme at or even before the retirement date.Frans Dooren, director at the pension fund, said: “As a result, the pension rights could increase with future indexation at the pension fund.last_img read more

Barcelona cleared in smear campaign controversy

first_imgBarcelona did not commission an online smear campaign against current and former star players alongside potential presidential opponents, an external audit has found. PricewaterhouseCoopers found that the club did not pay the company I3 Ventures to promote their own messages both on Twitter and Facebook to discredit others, while it also did not find evidence of the club paying an inflated price for their services – clearing them of financial corruption. The Catalan giants released a statement on Monday saying that they will open legal action against those who brought forward the allegations, which became known as ‘Barcagate’ “The board of directors instructs the club’s legal services to continue and, if necessary, bring the relevant legal action against those who have made false and unfounded accusations that have gravely damaged the institution’s image,” read the statement. “After months of having lived with defamatory accusations on this matter, Barcelona asks those media outlets who made the charges of improper behaviour against our organisation to proceed to rectify that information, given that it has no basis and has been denied by a report that has been put together with unlimited access to the information requested about the club and its executives.” The findings of Barcelona’s involvement with the company were revealed in February, after Barcelona issued a statement denying a report from Cadena Ser radio station claiming the club were paying a third party to damage the reputation of others. Cadena Ser’s show El Larguero subsequently revealed documents from Barcelona which appeared to show the club paying a third party to damage the reputation of individuals, including their own players Lionel Messi and Gerard Pique, although the club have now been cleared of this. Loading… The Catalan club always strenuously denied any truth in the reports, saying that they had neither paid nor promoted anyone to denounce or attack others – who have been opponents to the current board in some form at some point – online. It was claimed by the Cadena Ser report that the reason for the Blaugrana paying companies to promote these messages were firstly to improve the image of current president Josep Maria Bartomeu and devalue the opinions of his opponents. It was claimed that Barcelona paid the company I3 Ventures to promote their own messages both on Twitter and Facebook, with the report claiming they had access to the transactions. Barca explained that their relationship with I3 involved “monitoring of social media with the aim of analysing both positive and negative messages about the organisation itself.” Read Also: Video: Che Adams nets 40-yard screamer to open EPL account A report in Diario Sport from February claimed Bartomeu handed the club’s four captains – including Messi and Pique – a dossier in a meeting at the time of the allegations with all the messages and confirmed that he broke relations with the company, making it clear that the club had not at any time entrusted the company with any derogatory comments. Blaugrana club legends Xavi Hernandez, Carles Puyol and Pep Guardiola were among those who had been claimed were targeted, along with presidential hopefuls Agusti Benedito and Victor Font. FacebookTwitterWhatsAppEmail分享 last_img read more

No rush for Rock plan

first_img A hugely impressive winner of a Leopardstown maiden on his juvenile debut and a fast-finishing third on his return in the Sandown Classic Trial, the three-year-old was an outsider for the premier Classic at Epsom. However, clearly a sound stayer, the son of Derby hero Galileo stayed on determinedly to finish a close-up third and Wachman is looking forward to the rest of the campaign. David Wachman is in no rush to make definite plans for Galileo Rock following his tremendous run in defeat in the Investec Derby. The trainer said: “It was a good performance and he vindicated what we thought he would do. “We would have liked a stronger pace, but I think that would be the case for a lot of them, and we were very happy with how he ran. “He’s in the Irish Derby and all those races and we’ll just see how he is. There’s no rush to make any definite plans. “He looks like he’s going to be a smart horse, hopefully. Let’s hope he stays sound and he stays lucky.” Asked whether the Ladbrokes St Leger at Doncaster could be a target later in the season, Wachman added: “I think we’re entitled to put that into our plan, but we’ll just see how things progress through the year.” center_img Press Associationlast_img read more

Florida Senators Propose Law to Let Canadian Snowbirds Stay Longer

first_imgTwo senators are introducing legislation they believe will help boost Florida’s tourism industry.U.S. Senators Marco Rubio and Rick Scott announced on Thursday that they have introduced the Canadian Snowbirds Act.If approved, it would allow some Canadian citizens to spend up to eight months a year in the U.S, which is two months longer than they are currently allowed to stay.Canadian citizens who are over age 50 and either own or rent a residence in the U.S. would be able to remain for up to 240 days per year. However, they would still be prohibited from working for American employers or seeking any kind of public assistance while in the U.S.Under the current laws, Canadian citizens who stay in the U.S. for more than six months per year are considered U.S. residents for tax purposes. To that end, they are required to pay U.S. federal income taxes on all income they earn during that year, no matter in which country it is earned.Canadians visiting Florida contribute more than $6.5 billion per year to our state’s economy, according to the Canadian Embassy.Senator Scott says, “Last year, Florida welcomed a record 126 million visitors, including 3.5 million visitors from Canada. When we welcome visitors to our state, our communities thrive, businesses grow, and job opportunities are created for Florida families.”“This bill will be a huge boost to our state’s economy,” adds Senator Rubio.Approximately 3.5 million Canadians visited Florida last year, reports VISIT Florida.last_img read more

Naked Florida man spent 24 hours vandalizing school

first_imgPolice arrested a naked Florida man who broke into a South Florida High School and spent nearly 24 hours vandalizing the building.Police say 21-year-old Matthew Crandall was caught on surveillance cameras trashing Miramar High School on Memorial Day. They say he wore only a hat and headphones while smashing computers and televisions.Video showed Crandall breaking in around 7 a.m. Monday and caused flooding in hallways and vandalized classrooms, walls and hallways.Officials say he caused about $100,000 worth of damage.He’s charged with burglary and criminal mischief. It’s not known whether he has ties to the school.last_img

Pakistan leg-spin great Abdul Qadir dies at 63

first_imgPAKISTAN cricket great Abdul Qadir, who revived the art of leg-spin bowling, has died at the age of 63, Pakistan Cricket Board (PCB) said yesterday. Pakistani media reported that he died of cardiac arrest.Qadir made his Pakistan debut in 1977 in Lahore and went on to play 67 Tests and 104 one-day internationals, claiming a total of 368 wickets.The PCB wrote on Twitter: “PCB is shocked at the news of `maestro` Abdul Qadir`s passing and has offered its deepest condolences to his family and friends.”Qadir was an influential figure in Pakistan`s most successful teams in the 1980s and later a mentor to the next generation of leg-spinners, including Australia`s Shane Warne and Pakistan`s Mushtaq Ahmed.Commentating for Sky Sports during the fourth Ashes Test between England and Australia, Warne said Qadir was a “brilliant, brilliant bowler.”“I think a lot of people bowled leg-spin, like I did and he was the guy whom we looked up to in the eighties. He was the main leg-spinner in that era. He was a terrific bowler who bamboozled a lot of batsmen. His record is a terrific one,” he added.Renowned for his fairly long run-up and a unique bowling action, Qadir was almost unplayable on pitches in Pakistan and one of the favourites of former captain Imran Khan – now the country`s Prime Minister.Qadir reserved his finest performances for England and his spell of 9-56 in Lahore in 1987 is still the best by a Pakistan bowler in a Test innings.“He would always ask you whether you had picked the googly,” former England captain David Gower told Sky Sports. “`Have you picked it?” he would tease. A lovely guy, with a huge skillset. Our condolences go to all close to him.”After retiring from the sport, he served as the chief selector for Pakistan.“They called him the magician for many reasons but when he looked me in the eyes & told me I was going to play for Pakistan for the next 20 years, I believed him,” former Pakistan bowler Wasim Akram wrote on Twitter.“A magician, absolutely. A leg-spinner & a trailblazer of his time,” he added.last_img

Syracuse travels to Clemson for ACC Track and Field Championship

first_img Published on February 26, 2014 at 11:33 pm The upcoming weekend is a big one for the Syracuse indoor track and field team. For some it’s an opportunity to showcase their talents on the big stage. For others it’s just another step en route to the spring season. For all of SU’s seniors, though, it will be one of the last times they’ll be running collegiately.Syracuse will head to Clemson, S.C., for the Atlantic Coast Conference Indoor Track and Field Championship this weekend — and it means something different for each participating senior. “I truly believe that we, the seniors, are getting hot at the right time,” sprinter Jaquan Holland said. “Right now it’s all about not doing those things you can do to get worse, and just maintaining what you have been doing all season.”Depending on whether or not certain seniors will use another year of eligibility, Syracuse could have as many as 21 runners leave the team at season’s end. AdvertisementThis is placeholder textFor those that could leave, it will be their first and last year competing in the ACC championship. Robert Molke has spent five years running for Syracuse, and is just experiencing all the changes and developments that have happened throughout his time.“It’s cool to be competing in a new conference, especially being a fifth-year runner,” Molke said. “I’ve gotten to see changes that’s going on, the switch in the conference and everything.”After years of competing in the Big East Conference, Syracuse opted to join the ACC before this season. However, the different conference doesn’t seem to affect or intimidate the Orange.Head coach Chris Fox simply described it as “the same thing,” and his runners — including senior hurdler Donald Pollitt — agreed with their coach’s statement.“There really isn’t much of a disparity (between the two). The only difference is the title, the conference name,” Pollitt said. “Whether it’s the Big East or the ACC, you’re still going to be going up against a few fast people, tough competitors.”Senior distance runner Molly Malone believes the team is ready for this weekend, and credits the coaching for a recent peak in success.Malone believes the schedule Fox and his assistants constructed has set them up for success at the conference championship.“The coaches lay out the program for each season in a way that we will peak at the time that we need to,” Malone said. “The ACC (championship) is a point where we’re going to take a lot of rest which means we’re going to have a lot more fuel in our system to get to the times and places that we need.”This past weekend at the Cornell Marc Deneault Invitational, seniors Holland, Polland and Michelle Riley were all able to win their competitions. At the Notre Dame Alex Wilson Invitational on Saturday, Malone led the women’s distance medley relay team to a third-place finish.And in just the past few weeks several seniors, including Malone, Riley, Pollitt, Molke, Reed Kamyszek and Sarah Pagano, all set new personal records in recent competitions.Fox is pleased with where the team is and has been very impressed with his seniors’ performance so far.Now the team will look for continued success from the group at a pivotal time. “Everyone wants to be remembered for something,” Holland said. “At a school like this, I definitely want to be remembered when I leave and go on to the next level of my career.” Comments Facebook Twitter Google+last_img read more

Syracuse can’t convert on opportunities in blowout loss to No. 15 Clemson

first_img Published on March 22, 2015 at 8:37 pm Contact Kevin: After losing the doubles point, Syracuse played aggressively in singles play as it tried to win its four necessary singles points.For a while, the effort had potential. Amanda Rodgers was in a battle of service holds. Rhiann Newborn was up by a solid margin. Breanna Bachini and Nicole Mitchell were within a game in their respective first sets.But no one could convert on their opportunity, and as a result, Syracuse (6-8, 1-7 Atlantic Coast) was swept by No. 15 Clemson(10-6, 5-2) , 7-0, on Sunday afternoon at Drumlins Tennis Center. It was the team’s fourth-consecutive loss and seventh loss in its last eight matches.Newborn, who was the only Orange player to take a set, started her match strongly with big serves and hard groundstrokes. Her first breakthrough came when she won a long baseline rally on her opponent’s unforced error to go up a break, at which point she screamed in celebration.But she eventually dropped the second set after going up a break and lost the ensuing super tiebreaker.AdvertisementThis is placeholder textRodgers had experienced a similar turn of events in her match. In the first set, she and her opponent had held their serves through the first nine games before Rodgers was broken when down 5-4 to lose the set.SU head coach Younes Limam said that that game went sour because Rodgers did not capitalize on her strengths.“… If I go back to that game at 5-4,” Limam said, “I remember her having two middle balls that she could have used her forehand on and she hit them with her backhand, a double fault where she didn’t accelerate with her second serve on,”From there, the match went downhill for Rodgers.Her opponent dominated the second set, losing only one game to Rodgers, who hit more unforced errors than she had in the first set. She said that her game did not feel quite right, and also that her opponent capitalized on her success.“She definitely carried the momentum over from the first set into the second set, and her serves were on today,” Rodgers said, “so there was not much I could do on her service games in the second set.”Rodgers said she faced difficulty when returning her opponent’s serve because it was hard to predict where it would go, even though she can often guess where a serve will land with some success based on the toss. She also said that her opponent’s second serve was strong.Mitchell was another player who found herself in a tight first set, but she wasn’t able to win a game in the second as her opponent concluded the match with a 6-0 victory.“She just came out on top,” Mitchell said, “… she just won the bigger points in the end.”Bachini and Mitchell shared the same 6-4, 6-0 final score.It was a tough loss for the Orange, who hasn’t won a match since March 1 against Pittsburgh. But Limam finds hope in the solid play that he did see on Sunday.“We’re right there,” Limam said. “We just need to play at that level for a longer period of time, and I think that’s what made the difference today in our match.” Comments Facebook Twitter Google+last_img read more

TENNIS: Andy Murray wants to find a balance after exit

first_imgAndy Murray admits he needs to find the right balance between aggression and conservatism if he wants to become a consistent player again.The British No1 was comprehensively beaten in straight sets 6-1, 6-3 by Croatian teenager Borna Coric, who advances to the semi-finals of the Dubai Duty Free Championships.It continues a run of indifferent form which has also seen the Australian Open finalist lose in the quarter-finals of the ABN Amro World Tennis Tournament in Rotterdam to Gilles Simon.And the Scot believes his decision-making needs to improve in regards to when he should be aggressive, and when he should opt for a safer shot.“I rushed in both matches and made too many errors early in rallies and this affected my style of play,” Murray told the media after his last-eight defeat.“I was going for too much sometimes, and in others I was playing six meters behind the baseline. So there was no sort of balance there.“That’s something I’m going to have to figure out, especially when I’m not hitting the ball as well as I would like to. “If you’re trying to play aggressive tennis and you’re not hitting the ball that well, you need to know how when to back-off a little and play high percentage tennis.“That’s happened to me in the last couple of weeks and I haven’t been able to adjust very well.”Murray failed to earn a single break point and made 55 errors against Coric, who became the first teenager to reach the Dubai semi-finals since Rafael Nadal as a 19-year-old in 2006.However, the British number one praised his opponent’s performance and thinks the Croatian has a bright future ahead of him.Murray added: “He’s stronger now and he is serving with greater accuracy and power. He is also defending the court much better and his decision making has definitely improved.”last_img read more

“Muntari doesn’t have to apologize” – Govt tells Dzamefe Commission

first_imgSulley Muntari can be selected to play for Ghana again, even if he decides not to apologize. And even then, he is not required to do so as a condition for his return, as the Ghana Football Association have always sworn he must.That’s according to the Government of Ghana’s White Paper released on Thursday following the 400-paged report of Justice Senyo Dzamefe-led Commission of Inquiry.The Milan player has been on an indefinite suspension since the infamous fiasco in Brazil where Ghana’s World Cup campaign degenerated into a farce. The player had been embroiled in fisticuffs with a Ghana FA official, Moses Armah.But according to the white paper, an apology from Sulley should be done on his volition and must not forced.It read: “Any apology from Mr. Sulley Muntari as recommended should be a voluntary act of contrition on his part but should not be made a condition for his recall into the team.” The Ghana FA has long promised that the only way the Milan man would be considered for selection was if he apologised to all stakeholders in the matter. In support, the World Cup Commission of Inquiry also recommended similar conditions as follows:– An unconditional apology to Mr. Moses Armah– An unconditional apology to the President of the Republic of Ghana, the Commission and to Ghanaians in general.– Referral to a psychologist for counseling and /or undergo anger therapySeveral chancesThis opens the way for the player to get back into the team, should he feel like it is needed, especially at a time when Sulley has been declared surplus to rquirements at Milan and is on his way out.He has had the chance to publicly apologize for the incidents in South America through the work of the 2014 World Cup Commission led by Justice Senyo Dzamefe. But all attempts to get his side of the story have proved futile.Speaking to the state-owned Graphic Sports newspaper last December, a member of the Commission, Moses Foh Amoaning, said his outfit had tried engaging Muntari via Skype, but the player had declined the request. saying he [Muntari] did not have access to the Skype facility. Foh Amoaning also said the Commission had spoken with Muntari’s father to persuade his son to co-operate – all to avail.Avram Grant’s view Should Muntari return soon, it will be Avram Grant who would have to work with the player.The Isaeli’s view on the matter is clear, having told the media at his unveiling that he was keen to talk to Muntari, Kevin-Prince Boateng (who is also on indefinite suspension), or any other Ghanaian player so long as the players accepted his tenets at all times.He said in December: “I think when you are going into a new situation you don’t need to look at the past. You need to look for a new beginning, but to see the good things and the bad things from the past and learn the things that we can do better.”But the Ghana FA, on their part, have stated on several platforms their openness to forgive the player, but only if he shows public remorse for his actions.Bring him back Veteran broadcaster Kwabena Yeboah has always wanted the controversial midfielder back in the Black Stars setup, arguing that it’s time for the experience of the 30-year old.”Sulley is one of the most consistent players we have hard in the past, and I think that if somebody deserves to play again Sulley should be considered,” Yeboah said in April.But his return, should it happen, would divide popular opinion as many feel the player’s famous temper remains a problem. Yeboah however feels that midfielder’s service to the country in the last decade must count for something. “He has never turned his back on the Black Stars. he has been loyal through thick and thin and I don’t see why he is still not in this team,” the broadcaster told Accra-based Happy FM. – Follow Gary on Twitter: @garyalsmithlast_img read more