Sweden appoints implementation chief for premium pension reform

first_imgAnnika Strandhäll, chair of the Pensions Group“Pensioners’ money should never have to be hunted down in tax havens and you don’t have to be a financial expert to get a good pension,” she said.The PPM is the defined contribution part of the Swedish state pension, allowing individuals to allocate a percentage of contributions to private investment providers via the funds marketplace, or use the default option, AP7’s Såfa.Stefan Lundbergh, the Cardano expert who came up with most of the plan now being put in place, told IPE he was very happy with the appointment.“I think it is going in the right direction, and the momentum is keeping up,” he said. “The devil will be in the detail, but I think the person they have appointed is going to do very a good job.”At the Pensions Authority, Westberg has been at the centre of efforts to deal with private fund managers falling foul of the law.As part of the reform, in June the Pensions Authority published a set of tougher requirements for investment providers operating in the PPM in future.Some 21 funds have been cut from the funds marketplace after violating co-operation agreements, the government said.The Pensions Authority is currently involved in several legal processes both in Sweden and abroad recovering money for pensioners affected by scams, it said. Annika Strandhäll, minister for social security and chair of the Swedish parliament’s pensions group, said pension savings in Sweden should always be safe. Sweden has appointed a special investigator to lead a review tasked with implementing reforms to its first-pillar Premium Pension System (PPM).Mikael Westberg, current head of legal at the Pensions Authority, which oversees payment of Sweden’s state pension benefits, is to lead the implementation review, drafting regulatory proposals for a funds marketplace within the PPM.The proposals are to be presented by November 2019, and the new authority in charge of the funds marketplace will start operating on 1 September 2020, the government said.The PPM is being reformed to solve problems that have arisen since the system was set up in the 1990s – including, most recently, a spate of scandals involving rogue traders.last_img read more

Construction of Anaklia Deep Sea Port to Kick Off in December

first_imgThe construction of Anaklia Deep Sea Port in the Black Sea Region is scheduled to start on December 20, 2017, the Anaklia Development Consortium (ADC) informed. “Anaklia Port is a project of an unprecedented scale for our country… We started the preparatory works last year and promised to start the construction process in just a year… And now, the more important stage of the project begins – the port construction,” Mamuka Khazaradze, Co-founder/Partner of ADC, said.The preparatory phase for the new port started in 2016. During this phase, ADC selected the US-based SSA Marine as the terminal operator for the port. The company will also be one of the port’s investors.Additionally, the general plan for the port was prepared and approved, according to ADC. The plan was approved by the Government of Georgia in October 2017.Moreover, Dutch marine engineering company Van Oord conducted pre-construction works including marine civil engineering, geotechnical, topographical, and other research. The environmental impact assessment document was also prepared.One year ago, Georgia and ADC signed an investment agreement for the construction and operation of the USD 2.5 billion Anaklia Deep Sea Port. Under the deal, ADC has the exclusive right to build, develop and operate the port.Expected to help establish a new maritime corridor from China to Europe, Anaklia Deep Sea Port will be constructed on about 400 hectares of land as the country’s government granted the ADC rights to use the land for a period of 52 years.Once all nine phases under the framework of the project are completed, the port would have the capacity to serve 100 million tons of freight turnover.World Maritime News Stafflast_img read more

AU wants Burundi to postpone elections

first_imgThe African Union has called for Burundi to postpone its elections. AU Commission chair Nkosazana Dlamini Zuma says conditions are not conducive for a vote given the troubles triggered by president Pierre Nkurunziza’s decision to seek a third term.Dlamini Zuma was speaking exclusively to CCTV’s Girum Chalalast_img

Nelva June Curry age 81

first_imgNelva June Curry, age 81, of Brookville, Indiana died Thursday, February 23, 2017 at McCullough Hyde Memorial Hospital in Oxford, Ohio.Born April 19, 1935 in Mt. Carmel, Indiana she was the daughter of the late Robert & Carrie (Miller) Allen. She was united in marriage to Ronald Max Curry, and he preceded her in death on February 5, 2015.Survivors include a son & daughter in law, Robert & Paula Curry of Evansville, Indiana; two grandsons, Chad Curry of Lebanon, Tennessee and Drew Curry of Ft. Bragg, North Carolina; two great-grandchildren, Luke Curry and Alyssa Curry.Besides her parents, and husband, Max, she was preceded in death by a son, Chuck Curry, as well as a brother, Orville Allen.Family & friends may visit from 10:00 A.M. until 11:00 A.M. on Monday, February 27, 2017 at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville.Rev. Curtis Bond, pastor of the Brookville United Methodist Church, will officiate the Funeral Services on Monday, February 27, 2017, 11:00 A.M., at Phillips & Meyers Funeral Home. Burial will follow in Maple Grove Cemetery in Brookville.Memorial contributions may be directed to the Wounded Warrior Project. Phillips & Meyers Funeral Home is honored to serve the Curry family, to sign the online guest book or send personal condolences please visit www.phillipsandmeyers.com .last_img read more

Aikey delivers on promise of fifth Super Nationals championship

first_imgLate Models at the 2015 IMCA Speedway Motors Super Nationals fueled by Casey’s. Jeff AikeyBOONE, Iowa (Sept. 10) – After winning a second straight and fourth career IMCA Speedway Motors Super Nationals fueled by Casey’s title last September, Jeff Aikey promised to return to Boone Speedway and add to his Late Model championship collection.He made good on that promise Thursday night in an epic Deery Brothers Summer Series battle with Justin Kay and Richie Gustin, two other drivers who came into the night looking to race their way into the record book.Aikey becomes the third driver to win five career Super Nationals crowns and the first to win three in a row.“After we came here on Memorial Day, I told my crew we had to make the car faster. We had a fast car tonight, let me tell you,” said Aikey, who’d qualified through his ‘B’ feature and started 15th. “I’ll be back next year to make it four in a row.”The victory, Aikey’s series career 65th, paid $3,510. That amount includes a $510 Speedway Motors Weekly Racing bonus.Kay was second by not much more than half a car length. The defending series champion and current point leader was seeking a record-tying fourth straight win and started on the pole, but surrendered the front spot to Gustin following an early restart.Gustin, the 2011 Super Nationals Modified champion, led Kay, Todd Cooney and Tyler Droste into lapped traffic. Aikey was up to sixth when the caution waved again on lap 16.Tenth starting Todd Cooney charged past Gustin when the race went green again. The two-time Super Nationals king pulled away from the field before getting slowed by lapped traffic and Aikey was first across the stripe when lap 34 was scored.Cooney exited after a lap 39 yellow. Gustin regained with 10 circuits to go and Kay shuffled Aikey back to third, the front three virtually side-by-side-by-side at the end of lap 44.Aikey got the lead back coming out of the final turn on lap 47. Kay edged past Gustin with two to go.“I’ve been racing for a long time. To beat these young guys feels pretty good,” said Aikey, gesturing toward the numbers on the leader board. “I just went where they weren’t. My car could go anywhere on the track. I diced where there weren’t any other cars.”Gustin, Droste and 14th starting Joel Callahan completed the top five. Jason Hahne also advanced 14 spots from his original start and finished sixth; Josh Most, already qualified for Saturday’s Modified main event, ended in seventh.Aikey also won Super Nationals features in 1995 and 2004.The Late Model program at Boone was postponed from Labor Day because of inclement weather conditions and rain forced a delay to the start of the two ‘B’ features on Thursday.The 29th annual series concludes with the Friday and Saturday, Sept. 18 and 19 Yankee Dirt Track Classic at Farley Speedway.Feature results – 1. Jeff Aikey, Cedar Falls; 2. Justin Kay, Wheatland; 3. Richie Gustin, Gilman; 4. Tyler Droste, Waterloo; 5. Joel Callahan, Dubuque; 6. Jason Hahne, Webster City; 7. Josh Most, Red Oak; 8. Scott Fitzpatrick, Wheatland; 9. Joe Zrostlik, Long Grove; 10. Robert See, Webster City; 11. Ryan Dolan, Lisbon; 12. Darrel DeFrance, Marshalltown; 13. Al Johnson, Story City; 14. Charlie McKenna, Clear Lake; 15. Andy Nezworski, Buffalo; 16. Jon Passick, Waterloo; 17. Todd Malmstrom, Silvis, Ill.; 18. Curt Schroeder, Newton; 19. Todd Cooney, Des Moines; 20. Allan Hopp, Harlan; 21. Sean Johnson, Independence; 22. Greg Kastli, Waterloo; 23. LeRoy Brenner, Aledo, Ill.; 24. Corey Zeitner, Omaha, Neb.last_img read more

Indian Premier League Need to flexible as a team: Andre Russell after Kolkata Knight Riders’ loss

first_imgThe Jamaican all-rounder rued the slow progress made by the middle order and said that was game-changing. “To lose by 10 runs, it’s just two hits away. In the middle period, if we scored a bit faster we would definitely get the runs with even balls the spare,” Russell said.The Russell-Rana partnership was worth 118 runs off just 48 balls and the Jamaican said they were feeling positive in the middle. “When I went to bat, Nitish came to me and said what I think. I said ‘I bat one way — and it’s positive’. So if the first ball is in my court, I don’t need to see what’s happening. So to go out and chase 14-15 an over is not the best way you want to start as a batsman but I’m used to those conditions and situation,” Russell said.Kolkata Knight Riders will take on Sunrisers Hyderabad at the Rajiv Gandhi International Stadium in Uppal and they will be determined to snap their losing streak. For all the Latest Sports News News, Indian Premier League News, Download News Nation Android and iOS Mobile Apps. Kolkata Knight Riders have lost four consecutive games in IPL 2019.Royal Challengers Bangalore registered only their second win in eight games.Andre Russell and Nitish Rana’s partnership was 118 runs off 48 balls. highlights New Delhi: Virat Kohli blasted his fifth IPL century and Moeen Ali hammered 66 off 28 balls to boost Royal Challengers Bangalore to 213/4. In response, Kolkata Knight Riders were undone by a slow start from the top and middle order. However, Nitish Rana and Andre Russell kept Kolkata Knight Riders in the hunt with some big hits. Rana smashed 85 and Russell hit 65 but Kolkata Knight Riders fell short by 10 runs to lose their fourth consecutive match in IPL 2019. With this win, Royal Challengers Bangalore stayed mathematically in the hunt for a spot in the playoffs. Kolkata Knight Riders would be ruing the slow progress made by Shubman Gill and Robin Uthappa, who consumed 11 and 20 balls respectively for nine runs.Russell, speaking in the post-match press conference, stated that the team needed to be flexible but refused to say whether he should have been promoted to No.4. “I believe that (I should have batted at No 4)… Honestly, I think sometimes you have to flexible as a team. Looking at the make-up of our team, I would not mind going to bat at No 4,” Russell said.last_img read more

Cricket News Pakistan could reportedly host all games of Season 5 of Pakistan Super League T20 tournament

first_imghighlights For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. There have been four editions of the Pakistan Super League so far.The Pakistan Super League started in 2016.Quetta Gladiators are the reigning champions of the Pakistan Super League.center_img New Delhi: The Pakistan Super League has never gotten the benefits of packed houses in the country as the majority of the tournament was played in the UAE. In the last couple of years, there have been more games played in Pakistan and it has drawn a good response from cricketing fans. However, the fifth season of the Pakistan Super League could be historic. According to sources within the Pakistan Cricket Board, the 2020 season of the Pakistan Super League could be played entirely in Pakistan. As per sources, the fifth season of the Pakistan Super League will be tentatively held from February 20 to March 22 next year with the final scheduled to be held in Lahore. Since the launch of the league, the games have been played in Dubai and Sharjah as foreign players were reluctant to travel to Pakistan because of security concerns. The last eight matches of the fourth season of the Pakistan Super League, including the playoffs and title clash were held in Lahore and Karachi.The PCB’s move to host the entire PSL in Pakistan has come after Prime Minister Imran Khan, who is also the patron-in-chief of cricket, said he wanted to see all matches of PSL Season 5 to be played at home as security situation had improved a lot in the country. The PCB has already started working on renovating and upgrading venues which will host the PSL matches. 11 games are scheduled in Lahore, nine in Karachi, eight in Rawalpindi and four in Multan. If the entire PSL is held in Pakistan, the PCB’s earnings from the league will increase dramatically as there would be more gate money and better sponsorship and corporate deals because of local interest. The PCB, however, first needs to resolve some financial issues with its six franchises, who are now reluctant to give bank guarantees for the fifth edition and are also demanding a bigger share in the earnings from broadcast, title and other sponsorship revenues. Quetta Gladiators are the current champions of the Pakistan Super League, having defeated Peshawar Zalmi in the final in Karachi by eight wickets. Islamabad United are the most successful side in the history of the Pakistan Super League, having won two titles in 2016 and 2018 while Peshawar Zalmi won the title in 2017 when they defeated Quetta Gladiators in the final. In fact, Quetta Gladiators have lost twice before breaking the jinx in 2019.last_img read more

Don’t let spring football game get your hopes up

first_imgDon’t make any judgments based on what happens Saturday.There are still more than 150 days until UW officially kicks off its season.Playing its annual spring football game at Camp RandallStadium this weekend, the football team will make its first appearance of 2008,giving fans an opportunity to gauge where the program stands heading into theupcoming season. Unfortunately, it also gives Badger supporters a chance tostart getting their hopes up (or down) about what awaits in the fall.Whether quarterback Allan Evridge throws for 300 yards orsafety Shane Carter intercepts four passes, it’s important to remember thatthere is still almost half a year before the team takes its first real snap ofthe season against Akron.Keep in mind that after the game last season, there wereplenty of good signs to focus on.Lance Smith, for one, looked like an all-conference runningback after rushing for 75 yards and a pair of touchdowns. Anyone expecting abreakout year from the sophomore was ultimately left disappointed, however, asSmith was suspended before the season started and ended up missing all five ofthe team’s regular season road games.The first string (cardinal) defense also offered plenty tobe excited about after giving up just six points in last year’s contest. Butonce the season began, it became apparent that stopping actual opponents wasgoing to be a problem and the unit was a major liability all season.As in all sports — but especially football, where injuriesare prevalent — things change. Players have good days and bad ones. They getbetter or start to struggle. There are injuries and suspensions.All of those things should be considered while watchingSaturday’s game, because the team that takes the field this weekend may notbear much resemblance to the one that does four months from now.Saturday is more than just a chance to see how AllanEvridge’s arm looks or if David Gilreath has gotten more explosive.In fact, if there are any conclusions worth making about thegame, they are more likely to be found in the stands instead of on the field.This season is a chance to measure where the Badgers areheaded in Bret Bielema’s critical third year at the helm. The spring game is anopportunity to see whether he still has the support of the fans.Bielema could do no wrong in his first year, going 12-1 andleading UW to a victory in the Capital One Bowl. Last season was a step back,though. Marked by several tough midseason losses, the Badgers finished the yearwith a disappointing 9-4 record and the coach’s image had taken a hit.Now, three years removed from Barry Alvarez, it’s put up orshut up time for Bielema, and what happens in the stands should indicate the confidencefans have in his ability to replace the legendary coach.In 2006, Bielema’s first year on the job, there were alittle more than 10,000 fans on hand for the spring game. Twelve wins later andthat number almost doubled to 18,020 for last year’s game.Coming off a down year, however, it will be interesting tosee what the crowd turnout is like. Have the fans started to lose faith inBielema? Do they stand by the head coach?This past Saturday, Florida packed in 60,000 fans, as wellas the College GameDay crew, for its spring game.Alabama, in its first season with Nick Saban, welcomed morethan 95,000 Crimson fans to see his team scrimmage last year.While Wisconsin probably wouldn’t approach those numberseven after a great season, if this year’s turnout is lower than last year’s, itisn’t a good sign for the coach.Of particular note will be the number of students inattendance, as well as their behavior.Bielema has been trying to get students to arrive at gamesearlier and earlier, and a good turnout Saturday probably means that morerespect is being shown to the head coach. Last season’s “Sea of Red”turned out to be a success, but with two more primetime games announced forthis year, the students will need to take another step in the right directionif fall Saturdays are going to have their focus shifted from drinking tofootball.While things can indeed change with the crowd between nowand the start of the season, it’s less likely to shift as dramatically as theteam’s level of play.In any event, both on the field and off, Saturday’s game isstill just a glorified practice. Nothing counts until August.?Mike is a sophomore majoring in political science. If youhave already jumped to conclusions about the game, or have other thoughts onthe team, he can be reached at mackerstein@badgerherald.com.last_img read more

English FA Apologises to Eniola Aluko

first_imgThe FA has apologised to two players after new evidence showed sacked England’s women’s boss Mark Sampson made remarks which were “discriminatory on the grounds of race”.An independent barrister ruled Sampson made unacceptable “ill-judged attempts at humour” on two occasions, to Eniola Aluko and Drew Spence.Katharine Newton said despite this, she did not believe he is racist.She also concluded Aluko was not subjected to “a course of bullying”. Newton’s initial report, completed in March, had cleared Sampson, but the new evidence led to her investigation being resumed.And a report of the reopened investigation, which says Sampson had difficulty judging boundaries around banter, was released as FA bosses and Aluko faced a parliamentary inquiry on Wednesday.The Chelsea striker said she felt “relieved” about the new report, adding: “It suggests it was kind of all worth it going through the trouble and having it vindicated.”FA chief executive Martin Glenn said Sampson, who was paid nine months’ salary on his departure, may proceed with a wrongful dismissal claim.He was sacked as England women’s boss last month after evidence of “inappropriate and unacceptable” behaviour with female players in a previous role.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

T&T government warns against the use of digital currency

first_imgThe Trinidad and Tobago government says it has not endorsed the use of “BarterCoin Exchange nor an Initial Coin Offering (ICO) here and warned the public to be extremely careful.In a statement, the Ministry of Finance said it has noted the recent international trend “of what is termed ‘digital currency’ and locally, the proposed launch of a BarterCoin Exchange and an Initial Coin Offering in Trinidad and Tobago.Gov’t hasn’t endorsed BarterCoin“The Ministry of Finance advises the public that, it is not associated with, nor has it endorsed a BarterCoin Exchange nor an Initial Coin Offering (ICO).”It said that the regulatory body for investments in Trinidad and Tobago, The Securities and Exchange Commission (SEC), recently stated it has “not as of this date” approved any ICO.“The ongoing offerings are unregulated and speculative investments, with considerable risk to the investor,” the Ministry of Finance said, quoting the SEC as indicating that further risks include heightened potential for fraud and “the fact that the products and those selling them may in some cases not be subject to regulation, [may] expose the investors to fraud.”Related: Montserrat to use digital Eastern Caribbean dollars with blockchain startupBeware cross-border distribution risksThe Sec has also warned of cross-border distribution risks, “where the issuer may be operating the ICO from outside of the investor’s jurisdiction, therefore, following the money in the event of a collapse of the ICO as well as recovering invested funds, may prove extremely difficult [for the investor.”The Ministry of Finance said that it should also be noted that the proposed BarterCoin Exchange, has not received the approval of the Central Bank of Trinidad and Tobago.“Based on the foregoing, the Ministry of Finance advises members of the public to exercise caution when engaging in any form of investment and when in doubt, seek the advice of the Regulatory Bodies – The Securities and Exchange Commission and/or the Central Bank of Trinidad and Tobago,” the statement added.last_img read more