PensionsEurope seizes on Norway plan to warn against solvency rules

first_imgPensionsEurope has responded to Norwegian plans to introduce solvency capital requirements for pension funds to reiterate warnings on the detrimental effect of such requirements and again point to IORP II statements against the further development of solvency models for pension funds.Commenting on Norwegian government plans to introduce a simplified Solvency II requirement for pension funds in January 2018, the umbrella association for national workplace pension bodies warned against solvency capital requirements for pension funds – be they at national or EU level – as they would have significant negative consequences.Matti Leppälä, secretary general and chief executive at PensionsEurope, said they did not provide any additional security for members or beneficiaries and instead significantly increased costs and constrained pension funds’ ability to invest for the long term and thereby support economic growth in Europe.In a seemingly pointed reference to the European Insurance and Occupational Pensions Authority (EIOPA), he noted that the supervisor itself acknowledged that solvency capital requirements affected pension funds, sponsors and members. The European pensions industry believes EIOPA is on a mission to bring about solvency requirements for pension funds, to which it strongly objects.PensionsEurope and other associations have raised concerns about these being introduced by “the back door”, despite the new IORP Directive’s not containing any new solvency capital requirements, as well as statements – strong ones, in PensionsEurope’s view – against these being developed in future.PensionsEurope pointed to these statements in its reaction to Norway’s plans.“For the same reasons also at national level, now in Norway, introducing Solvency II-type capital burdens on pension funds should be avoided,” Leppälä said. MEPs are due to vote on the revised IORP Directive in November.last_img read more

REIQ providing ‘toolkit’ to help battle domestic and family violence

first_imgREIQ CEO Antonia Mercorella says the REIQ is committed to strengthening the response to domestic and family violence within the real estate industry. Photo: Claudia BaxterWhile visiting tenants most private spaces and glimpsing the true reality of their home lives, real estate workers become potential witnesses to signs of domestic and family violence. With that in mind, the Real Estate Institute Queensland is ensuring real estate agents and property managers are trained to not only identify domestic and family violence (DFV), but also take necessary action when they encounter it as part of their work. The REIQ has teamed up with Q shelter to develop a DFV toolkit, along with an educational package, aimed at real estate professionals. Funded by the Queensland Department of Child Safety, Youth and Women, in partnership with the Department of Social Services, the Domestic and Family Violence: Strengthening the Real Estate Agent Response Toolkit features information and resources that broaden understandings of DFV.REIQ CEO Antonia Mercorella said with one in six women affected by DFV, there was a high probability a real estate professional would interact with a victim of this crime, so real estate workers understanding their role in community intervention was pivotal.“We are committed to strengthening the response to domestic and family violence within the real estate industry, as the nation strives to put a stop to this national crisis,” Ms Mercorella. “By incorporating appropriate training within our courses, we will also ensure that real estate agencies develop an awareness and understanding of the impact that domestic and family violence can have on a tenancy, providing them with the tools for an appropriate response.“Following completion, participants will have a better understanding of their role in responding to domestic and family violence as part of a whole-of-community response.“They will build proficiency in responding appropriately to tenants impacted by DFV, whilst prioritising the safety of women and children.“We will also ensure participants understand referral pathways for assisting tenants in accessing appropriate information and support services.”Ms Mercorella said the response to the toolkit from the industry had been heartening. “Q Shelter and the REIQ have held numerous focus groups, which clearly demonstrate the significant impact that real estate professionals can have on victims of domestic and family violence,” she said. “For example, property managers are in an ideal position to help victims of domestic violence understand their rights under the Residential Tenancies and Rooming Accommodation Act.”More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThe Act gives rights to people in a domestic relationship whether they are a tenant named on the tenancy agreement or not.These rights include a victim of DFV being able to end their tenancy agreement or become recognised as a tenant. Ms Mercorella said one example that came out of a focus group was of a woman who was a cotenant with her former partner in a private rental. “Concerned about the financial repercussions of leaving the property, along with damage made by her domestically violent ex-partner, she turned to her property manager for help,” Ms Mercorella said“After raising her concerns, the ultimate outcome for her was avoiding financial accountability, receiving her portion of the bond back, and being able to remove her name from the lease and move out of the property, with the support of her real estate agency.“In this case, the understanding, support and guidance provided by the property manager empowered and enabled her to follow the legal process required to allow her to escape a dangerous situation.”REIQ students already have access to the toolkit and the new content will be introduced into REIQ training early next year.last_img read more

Trump vows to hit 52 Iranian targets if Iran retaliates

first_img“The USA wantsno more threats!” Trump said, adding that the 52 targets represented the 52Americans who were held hostage in Iran for 444 days after being seized at theUS Embassy in Tehran on Nov. 1979. Iran, Trumpwrote, “is talking very boldly about targeting certain USA assets” in revengefor Soleimani’s death. Trump said the US has “targeted 52 Iranian sites” andthat some were “at a very high level & important to Iran & the Iranianculture, and those targets, and Iran itself, WILL BE HIT VERY FAST AND VERYHARD.” WASHINGTON –United States (US) President Donald Trump on Saturday threatened to hit 52Iranian sites “very hard” if Iran attacks Americans or US assets after a dronestrike that killed Iranian military commander Qassem Soleimani and an Iraqimilitia leader on Friday.   Trumpreferenced an unusually specific number of potential Iranian targets after asenior Iranian Revolutionary Guards commander had also mentioned a specificnumber of American targets – 35 of them – for possible retaliatory attacks inresponse to Soleimani’s killing.(Reuters) United States President Donald Trump delivers his remarks in West Palm Beach, Florida on Jan. 3. REUTERS/TOM BRENNERlast_img read more

Messi doubtful for Champions League opener

first_imgRelatedPosts Suarez agrees Atletico terms Napoli Coach: Osimhen young lad with old brain Barca president Bartomeu says he won’t go to war anymore with Messi Barcelona star Lionel Messi is all but out of Saturday’s La Liga meeting with Valencia as he continues personalised rehabilitation work away from the main group. The Argentine has not made a competitive appearance for his club so far this term after picking up a calf injury shortly before the Blaugrana’s pre-season double-header with Napoli in the United States. Head coach Ernesto Valverde did state that his star man would be available for selection following the international break and admitted to having his own hopes that Messi would be ready to face Los Che after Barca’s mixed start to the season. A 1-0 loss at Athletic Club in their opening game in La Liga preceded a 5-2 win over Real Betis and a 2-2 draw with newly-promoted Osasuna before domestic play was paused. However, Messi has continued to work alone on his recovery, missing Tuesday and Wednesday’s sessions with the main group and his participation against Valencia, who beat Barca in last season’s Copa del Rey final, appears to be off the cards. The attacker’s injury has been closely monitored by the club’s medical team but no return date had ever been specified, with Messi’s levels of discomfort being looked at on a day-to-day basis. And, while the Camp Nou captain has not stopped working on his recovery and was aiming to return against Valencia, the player lacks full match fitness and the rhythm of featuring in competitive clashes and is therefore unlikely to be risked. He is also likely to miss out on the Champions League opener against Dortmund on September 17. Luis Suarez, meanwhile, has been out of action having suffered an Achilles tendon injury in Barca’s defeat against Athletic at San Mames. Reports in Spain had suggested this week that Suarez would make the cut against Valencia, and, having featured in the group session on Wednesday, he could well be in the squad for the match at Camp Nou. That said, Valverde may also choose to hold back the Uruguayan to ensure he is able to play in the Champions League clash against Bundesliga title hopefuls Dortmund.Tags: BarcelonaChampions LeagueDortmundLa LigaLionel MessiNapolilast_img read more

Cricket News Shantha Rangaswamy Resigns From CAC After Being Served Conflict Of Interest Notice

first_imgNew Delhi: Former India captain Shantha Rangaswamy has stepped down from her position as a member of the Cricket Advisory Committee (CAC) and director of the Indian Cricketers Association (ICA) after being served a Conflict of Interest notice by BCCI Ethics Officer DK Jain. “I have other plans so have decided to move on. The CAC was anyway meeting once in a year or one in two years so I did not understand the conflict,” Rangaswamy told PTI. “It was an honour to be on the CAC committee. It will be tough to find suitable former cricketers for any administrative role in the current scenario (conflict of interest). The ICA I would have resigned anyway before the elections were held. So it was a matter of time,” she added.  Rangaswamy, who was a member of the CAC along with Kapil Dev and Anshuman Gaekwad, sent her resignation letter to the Committee of Administrators (CoA) and the Board’s CEO, Rahul Johri via email in the early hours on Sunday. The BCCI Ethics Officer D K Jain on Saturday had sent a notice to CAC, asking the former cricketers who picked the current India coach to respond by October 10 to the Conflict of Interest allegations levelled against them.  Also Read | Three-member panel appointed for selection of Indian cricket team’s new head coachMPCA life member Sanjiv Gupta had filed the complaint against the trio who picked Ravi Shastri as the head coach in August. As per the BCCI constitution, no individual can hold more than one post at the same time. In the complaint, Gupta has claimed that the CAC members don multiple cricketing roles. He wrote that 1983 World Cup winning captain Kapil is conflicted as he is a commentator, owner of a floodlight company, member of Indian Cricketers Association, besides his CAC role.  Also Read | International Women’s Day: ‘In Indian cricket, son is treated differently from daughter’Likewise, Gupta alleged that Gaekwad too is conflicted as he owns an academy and is a member of BCCI Affiliation Committee. Rangaswamy is alleged to be conflicted because of her multiple role with the CAC and ICA. The CAC had also picked the women’s head coach W V Raman in December but at that time it was an ad-hoc committee. Shastri was a re-appointed for a two-year period, ending with the 2021 T20 World Cup in India. This is Shastri’s fourth stint with the national team, having served briefly as the Cricket Manager (2007 tour of Bangladesh), Team Director (2014-2016) and head coach (2017-2019). For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Transfer: Mata Seals New Man Utd contract

first_imgMidfielder Juan Mata has signed a new two-year contract at Manchester United.Mata’s deal was set to expire on 30 June but he has agreed to stay on until 2021 – with an option to remain for another year.The Spain international joined United from Chelsea for a then club record £37.1m in January 2014 and has scored 45 goals in 218 appearances. “I have been at Manchester United for five years and I am proud to call Old Trafford my home,” Mata said.Mata, who scored in the 2016 FA Cup final win against Crystal Palace and has also won the Europa League and EFL Cup with the club, said manager Ole Gunnar Solskjaer had a “truly exciting” vision for club.“I am so happy that I will be a part of that,” he added.Solskjaer said: “Juan is the ultimate professional and one of the most intelligent players I have worked with.“As well as everything he brings on the pitch, we have some fantastic young players here and I know that Juan’s vast experience will help them to reach their potential over the coming seasons.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Juan Matalast_img read more

Badgers liking mountaintop view

first_imgLast year, the Wisconsin men’s hockey team overused the metaphor of “reaching the top of the mountain” all the way to a national championship. Now, they are set to defend that mountaintop view.The Badgers will begin the 2006-07 season exactly where they left off, tied with Boston College as the nation’s top ranked team. Last season, Wisconsin took the national hockey scene by storm with a 30-10-3 record before dominating the postseason en route to their sixth national championship in program history. UW will begin the season with a huge target on their back as week in and week out teams will look to dethrone the champs. According to Badgers head coach Mike Eaves it is a situation the team is comfortable with.”I think being at the University of Wisconsin, what we consider one of the elite hockey schools, there is always pressure, when you play in front of 15,000 people there is always pressure, when teams come in here they always bring their A game and we wouldn’t have it any other way,” Eaves said. “The fact that we won the National Championship I think that target might be highlighted a little more but nevertheless it something we deal with everyday.” Last year, the Badgers had one of the most prolific offensive attacks in the nation averaging more than three goals a game. The Badgers bring back a strong core of scorers from last season with Jack Skille, Ross Carlson and Andrew Joudrey all returning to the team — but replacing three of the team’s four leading scorers from a year ago will be no easy task. Captain Adam Burish and assistant Tom Gilbert graduated, and Robbie Earl and Joe Pavelski left school early for the National Hockey League. “Last year the biggest riddle we had was wondering about Brian Elliot,” Eaves said. “The biggest riddle we have upfront is who can we put together to create some chemistry to score some goals for us and provide the offense we got last year.”While replacing the offensive firepower is the one query surrounding the defending champs, Eaves can sleep easy knowing he has a rock of stability between the pipes. Hobby Baker Award finalist Brian Elliot was the best goaltender in the nation last season, and he will undoubtedly be asked to carry a similar load in his senior campaign. “When you’re building or analyzing a hockey team the first place you look is at the goaltender and we know what we have with Brian Elliot,” Eaves said “Whenever you’re going to win a championship you’re going to need great play by your goaltender … I don’t see any reason why Brian can’t play at that same high level he did last year just because of the young man he is and the skills he brings mentally and physically.” Elliot’s teammates are equally confident in his abilities.”I know he’s (Elliot) going to have a great year again, seeing Brian in practice I can’t even score on him,” sophomore forward Jack Skille said. “It’s just like shooting on a brick wall right now.” Defensively, the Badgers will be returning all of their impact players minus last year’s team captain Tom Gilbert, and with Elliot in net, opponents should have a tough time lighting the lamp. Last season the stingy Wisconsin defense gave up a miniscule 1.8 goals per game while also making significant contributions in the offensive zone. “[Tom] Gilbert was a great player and he had an offensive edge to him. I think myself and the rest of the defensemen can definitely bring a little more offensive power to our games,” UW senior defenseman Jeff Likens said. “He definitely leaves big shoes to fill but we have six defensemen who have all played and I think we can do a good job of maintaining the kind of defense we had last year.” When the Badgers take the ice for the first time this season they will face off against Northern Michigan Friday and embark on a journey that will hopefully end in St. Louis for the 2007 Frozen Four. Eaves, however, knows that getting back there will be no easy task. “We have a saying that the mindset of pursuit has to be more active and aggressive when you’re defending something,” Eaves said.last_img read more

Carlini’s absence leads to setback

first_imgBRYAN FAUST/Herald photoThe biggest loss suffered this weekend by the University of Wisconsin volleyball team was not dropping matches to either Ohio State or Penn State, but, rather, the loss of outside hitter Maria Carlini to injury.The Badgers started the weekend off on the right foot, taking the first two games against the Buckeyes, but then it was Carlini’s foot that gave Wisconsin problems.”In the third game, we ended up taking out Maria Carlini due to a [foot] injury and we started fading a little bit after that,” head coach Pete Waite said at a press conference Monday. “[Ohio State] played with fire with their home crowd, went five games and it was kind of a gut-wrenching loss where we thought we had a good road win.”Then at Penn State, we decided not to play Maria, she was just in too much pain playing.”Waite denied having any hangover against Penn State after the heartbreaking loss to Ohio State the night before — it was simply not having Carlini out on the floor that amounted to the Badgers’ 3-0 loss to the Nittany Lions.”The tough part was not having Maria on the court to start with,” Waite said. “Obviously, you’re going to take a notch down when you do that.”With the four-year starter out of the lineup, UW lost one of its best hitters — but, even more so, one of its top leaders as the senior floor captain.”She’s one of our best attackers and one of our best blockers,” Waite said of Carlini. “She passes in our passing formation and just as far as her leadership abilities; we lose all of those things.”Waite is hoping Carlini will be able to return this weekend as Wisconsin faces Purdue and Indiana at the Field House.While Waite would like to get Carlini into practice, he will likely keep her out for most of the week. However, it wouldn’t be anything new.”She’s actually been dealing with this foot injury for two weeks and has been wearing a boot every time she’s not in the gym, walking around campus,” he said. “It’s a tough thing in our sport because every time you approach, you pound your feet and pound your heels, and every time you land, you do the same thing. She actually said even in the warm-ups on Friday it was hurting her, but didn’t tell us because she wanted to gut it out and she just couldn’t by the third game, we had to take her out.”Even though it’s frustrating not to have Carlini in practice as the team then has to adjust timing when she gets back out on the court for matches, Waite looks at it in a more positive light.”I always look at it where it’s someone else gets a chance to step up in practices and get the court time and get the experience so we’ll be deeper in the long run,” Waite said.The “BIG” TenWith five teams in the AVCA top 25, the Big Ten has been regarded as one of the toughest conferences in the nation this year.After this weekend’s matches, Penn State and Purdue remained at No. 2 and 9, respectively; Wisconsin dropped one spot to No. 14 and Ohio State fell to No. 16 after edging the Badgers and losing to Minnesota — now No. 23 — the following night.But it isn’t the top-ranked teams that make the conference tough this year, according to Waite; it’s the feisty ones that aren’t ranked.”I can’t remember a year recently where we’ve had four or five teams in the top 25, and the biggest thing is the lower-level teams are coming up,” Waite said. “Even though they’re not ranked, they’re much stronger than they used to be. It’s tough.”Much of the reason why the Big Ten has emerged as one of the better conferences as of late is the talent in the Midwest.”[Recruiting] is becoming very early so it’s becoming very regional, also,” Waite said. “So if we don’t get them here within the Midwest, they’re still staying in the Big Ten and you’re still seeing those kids.”Just take a look at Wisconsin’s freshmen this year, who were ranked fifth by Volleyball Magazine. Setter Nikki Klingsporn is from Minnesota and prized outside hitters Caity DuPont and Brittney Dolgner are products of the state of Wisconsin.While Klingsporn is likely to redshirt this season, barring some unforeseen injuries, DuPont and especially Dolgner have adjusted to the college game quickly.”DuPont and Dolgner are doing great,” Waite said. “DuPont came in on Saturday and actually did some nice things for us in her first actual game-time this year and Dolgner’s leading us in kills almost every match so that says a lot for the young crop.”last_img read more

Stone reaches UW status

first_imgGREGORY DIXON/Herald photoAll year long, Lisa Stone has been aware of the University of Wisconsin’s overall athletic success around her. Now, she can proudly say her team has become one with its surroundings. This year, the UW men’s basketball team, football team and women’s hockey team all set new school records for most wins in a season. After Sunday’s come-from-behind victory against Virginia in the quarterfinals of the WNIT, Stone’s squad joins that elite group as the UW women’s basketball team tallied its record-setting 22nd win of the season. Stone couldn’t be any more pleased. “Breaking record after record and to be in the same sentence with men’s basketball and football and women’s hockey in terms of school record wins in a year — I’m very, very proud of our team for those accomplishments thus far,” Stone said at her press conference Monday. “I think [we’re] showing our fans here, locally, as well as on a national scene, that we’re making a breakthrough in the way we’re playing right now,” Stone said. Stone is especially happy for what she calls her “semi-senior class.” With no seniors on the team, juniors Jolene Anderson, Janese Banks and Danielle Ward have stepped up as leaders and have elevated their respective games during this memorable postseason run. “They’re my seniors on the floor,” Stone said. “I met with all three of them this morning already, and I said, ‘Let’s just keep having fun here.’ The longer we play, the better it is for all of us.” Instead of faltering after just missing out on an NCAA tournament bid, the Badgers continue to improve with each game as they strive for the WNIT title, a feat they last accomplished in 2000. “This is a tournament that’s perfect for our team right now,” Stone said. “They always talk about the NIT and the WNIT champion being the 65th best team, and however you look at it, we’re looking forward to a championship.” A championship, no doubt, would be the frosting on the proverbial cake that has been Wisconsin’s season, especially because of the stiff competition. “I think if you look at the teams that we’ve played and the conferences that they’ve come from … these are really good basketball teams,” Stone said. “You look at the power of this tournament, and, you know, we’re in the final four of that,” Stone continued. “You get this close; you can taste it. And we’re going to make the best of it and do our best on Wednesday.” Follow the leader As if UW sensation Jolene Anderson needed to prove something, she has stepped up her game during this tournament and led her teammates to three impressive victories. Prior to the beginning of the WNIT, Anderson’s career high was 29 points. In three postseason games, she has already scored 30 twice, while continuing to increase her school record for most points in a single season. “The fact that Jolene is expected to do what she does and continues to do it, I think it’s a great credit to her,” Stone said. “The pressure has been on her, and she hasn’t flinched. I mean, McGuire (Virginia) was in her shorts yesterday the whole game, and it just took a little bit of patience offensively on everybody’s part to find ways to get it to her. “You know, good players and solid players and the Alando Tuckers of the men’s, they’re used to doubles and triple teams.” Injury update In Sunday’s 84-78 victory over Virginia, freshman forward Mariah Dunham left the game for a short period of time to have her leg taped. Stone said she was worried but had a sigh of relief after she heard the news that Dunham was OK after the game. “Her status is great, and it was the best news I got after the game [Sunday],” Stone said. “I got a call from the training room … nothing will hold her out.” Stone added that Dunham will practice this week and play in Wednesday’s game. “She’ll practice,” Stone said. “She just tweaked her knee a little bit, but she’s OK, and she’ll start and be ready to go.”last_img read more

Reddish still questionable to play, Syracuse otherwise healthy

first_img Published on October 1, 2013 at 1:04 pm Contact Stephen: sebail01@syr.edu | @Stephen_Bailey1 Facebook Twitter Google+ After announcing Tuesday that he expects everyone but kicker Ross Krautman to play against No. 3 Clemson on Saturday, Shafer contradicted himself when a reporter asked about cornerback Brandon Reddish later in the teleconference.“He’s questionable right now,” Shafer said. “We’d love to have him out there on Saturday. We’ll take it day by day and we’ll see.”Reddish suffered a lower-body injury in the Orange’s blowout win against Tulane on Sept. 21 and missed the second half. Shafer said three days later that he expected Reddish to be questionable, but seemed to indicate Tuesday that was no longer the case when a reporter asked if anyone would miss the Clemson game.“Not as of now,” Shafer said.Shafer also said he and Krautman have discusses applying for a medical hardship waiver.AdvertisementThis is placeholder text“I think he’s got some more kicks in him,” Shafer said.Offensive lineman Kyle Knapp is back practicing, Shafer said. Knapp suffered a head injury in training camp and has not played for Syracuse yet this season. He did not have a specific update about defensive end Robert Welsh, who also missed the second half against the Green Wave with a lower-body injury. Commentslast_img read more