Netherlands roundup: NIBC eyes alternatives for scheme

first_imgThe pension fund, with 570 active participants, is also struggling with relatively high costs for pensions provision, which amounted to €783 per participant last year.It stated that filling in board vacancies with the company’s staff was also posing a problem.At the end of October, the coverage ratio of NIBC’s pension fund stood at 99.9%, which is lower than most Dutch pension funds of banks and financial institutions.LCP: Dutch schemes return 4.9% in third quarterDutch pension funds have achieved a return on investments of 4.9% on average during the third quarter, with smaller schemes usually performing better, according to consultancy LCP.The firm, which based its estimate on quarterly data of individual pension funds published by supervisor De Nederlandsche Bank (DNB), said its figures reflected a weighted average.The unweighted average stood at 6.1%, implying that larger schemes had usually generated a lower result, it said.LCP’s figures included pension funds’ results of the interest risk on liabilities. Large pension funds usually have a lower interest cover.The consultancy noted that, despite positive returns during the first three quarters, pension funds’ coverage ratio had continued to decline, with the weighted average decreasing to 103.4% at the end of September.It attributed the funding drop in particular to decreasing interest rates, which reached their lowest point in August.LCP added that the weighted cumulative return for the first three quarters was 16%.At the end of September, funding for most Dutch schemes ranged from 105-110%, with 39 pension funds short of 100%.The consultancy also said the coverage ratio of pension funds with relatively small securities holdings and a high interest hedge was least affected.Most Dutch pension funds have invested approximately 50% of their assets in securities and have covered 50% of their interest risk. Dutch merchant bank NIBC is looking to place its €323m pension fund with a consolidation vehicle (APF) or joining an industry-wide scheme in the next few months.In a newsletter to its participants, the pension fund said change was needed in order to improve the scheme’s prospects for the medium term.It indicated that a committee, comprising representatives of the employer, the pension fund as well as its participants, had already concluded that the current model for pensions provision was not up to the challenges the scheme is facing.It said continuing low interest rates, additional legal requirements and the development of a new pensions system triggered the plan.last_img read more

Ernest “Ernie” Bailey, 85

first_imgErnest (Ernie) Bailey passed peacefully into paradise Saturday November 2, in the late evening. He was born on August 13, 1934 in the oil fields of Jasper County Indiana, to Forest and Gladys Watkins Bailey.He married Nyna S. Marsh on September 14, 1974. He is survived by his wife of 45 years, one son, Joshua Bailey, Greensburg, four daughters, Miranda Maxwell, Madison, IN, Daphne Nolan (Wayde) Kokomo, Cindy Jarrett, Greensburg, and Rhia Bailey, Kokomo. Seven grandchildren and 5 great-grands. Sister Barbara Hall, brothers Elmer and Raymond and many nieces and nephews. He was preceded in death by his parents and two sisters Mildred Rhinehart and Phyllis Hudkins.He graduated from Fulton High School in 1952. He volunteered for the draft and served in Korea for 18 months as assistant battalion supply sergeant. After discharge he attended Tri State College. In 1957 he went to work for Dean Milk Company. In 1959 he went to work for the United Parcel Service and retired from there in 1990 after 30 years of service mostly he served in Staff Positions. He served several places in the country including Germany.He retired to Decatur County with his family where he became very active in the community. He served as officer on the American Red Cross board, instrumental in establishing the VITA tax program at First Baptist Church, was a founder of the Agape Center and the TLC center. He was a Gideon and supply person for the Emmaus Community for several years. He was proudest of all being an active long-time member of First Baptist Church where he served on the Deacon Board and as Chair for several years and on the Christian Education Board.A Memorial Visitation for family and friends will be Saturday, November 9, 2019 from 9:00 am until the time of the Memorial Service at 12:00 pm at the First Baptist Church. Pastor Cliff Bunch and Pastor Steve Wood will be officiating. Memorials may be given to the Gideons International or the First Baptist Church Renovation Fund. Online condolences can be made to the family at www.gilliland-howe.comlast_img read more

Platt follows Mancini out of City

first_imgManchester City assistant manager David Platt has left the club just a day after Roberto Mancini was sacked. Mancini paid the price for a poor season which saw the club beaten by Wigan in Saturday’s FA Cup final at Wembley after surrendering the Barclays Premier League title to arch-rivals Manchester United. Platt was offered the chance to stay on at the club which he joined in 2010 but decided to join Mancini in leaving. Press Associationcenter_img The club released a statement which read: “With regret Manchester City announce that David Platt has this afternoon left his role as Assistant Manager at the Club. “David was offered the opportunity to continue his work with us but has declined the invitation. He has decided to leave his role with his close friend Roberto Mancini. “David has made a significant contribution to the Club’s success since joining in 2010 and we wish him well with his career wherever that now takes him.” Platt was part of Mancini’s backroom staff at the club, winning the FA Cup and then last season pipping United to the Premier League title on the final day. last_img read more

Howe happy to win ugly

first_img The 37-year-old Howe has also said that Monday’s game will not necessarily be about the team who is better in possession, however. Despite the fact that he has observed Rodgers’ methods and the managers’ images of being football purists, Howe insists that out-passing a team is not the only way to win a game. “Our aim is not to outplay Liverpool, or outpass Liverpool, or any nonsense like that,” Howe said. “Our aim is to try and win the game. “Then how we do that, and how you go about best doing that, that is down to how you see the game, so it’s not a competition on passes, it’s a competition on winning the game. “The football really is irrelevant, it’s about finding a way to be competitive. “We certainly don’t follow anybody, we try and take our own lead.” Howe remains without Shaun MacDonald, Harry Arter and Christian Atsu, who respectively have toe, groin and back injuries, as he bids to inspire Bournemouth to recover from last Saturday’s 1-0 defeat by Aston Villa. Press Association Eddie Howe has revealed that Bournemouth are ready to adapt their style in order to survive in the Barclays Premier League.center_img The young manager and his team have attracted admirers over the past few seasons for their commitment to an entertaining brand of football that ultimately inspired their unexpected promotion. On Monday Bournemouth travel to Anfield to challenge Liverpool, whose manager Brendan Rodgers shares a similar reputation for encouraging attacking football and whom Howe has already described as a “role model”. last_img read more

Boy in India has 500 Teeth Extracted

first_imgA little boy in India is doing well after having more than 500 teeth removed from his mouth.An unusual medical condition caused a seven-year-old boy to grow more than 500 teeth.The boy was complaining about mouth pain and when doctors took x-rays, they found a sac in his jaw filled with abnormal teeth. Scans showed hundreds of masses on the lower right side of his jaw, which led to a five-hour surgical procedure at Chennai’s Saveetha Dental College and Hospital in India.Medics removed 526 denticles from a tumor in the boy’s mouth on July 31, 2019.The hundreds of teeth ranged in size from point one millimeters to around a half-inch.Doctor’s say this unique case and the procedure was their first. Doctors confirm the boy was suffering from a rare condition called compound composite odontoma.They don’t know what causes the condition, but say it could be anything from genetics to environmental factors like radiation.last_img read more

NAMILCO rewards Boyce and Jefford top athletes

first_imgTHE National Milling Company (NAMILCO) yesterday rewarded Winston George and Alita Moore for their top performances at the recently concluded Boyce and Jefford Classic. George and Moore sweep the sprint events and led the Police Progressive Athletics Club to their third consecutive championship title.They each a received a cheque worth $50 000 from the milling company.last_img

Wembley to Host Tottenham’s Champions League Matches Next Season

first_imgTottenham’s third-place finish in the Premier League qualified them for the group stages of next season’s Champions League, which means they will play at least three home matches in the competition.Their north-London rivals Arsenal hosted Champions League games at Wembley in 1998-99 and 1999-2000.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Tottenham have reached a deal to play their Champions League home games at Wembley next season. The Premier League club also has the option to play all home league and cup matches, as well as any European games, at the national stadium during the 2017-18 campaign.Spurs are having a new £400m stadium built next to their existing White Hart Lane ground. The development is due to be completed in time for the 2018-19 season.“Our season ticket waiting list is over 50,000 so this now also offers us a great opportunity to provide more of our supporters with a chance to see the team play live during our Champions League campaign,” said chairman Daniel Levy. “Importantly, as we know it was our fans’ preference, it means that we can play our home matches in London during our season away.”last_img read more

Fantasy Fever 9

first_imgWell, the fantasy season is entering its final tilt. Yeah, it’s scary to think about, but the playoffs for most leagues are just around the corner. It’s getting to that point of the season where owners need to determine whether they have a shot at winning any money and finishing near the top of the league, or if they are destined to flounder in pathetic-ness for the remainder of the year. And with that admission of sub-mediocrity comes the long process of planning for next season. Owners in keeper leagues who find themselves in this position are forced to bid adieu to and jettison older players in favor of younger talent, sacrificing productivity in the present for potential in the future. So, with that in mind, here are some players downtrodden owners want to start harassing other owners for …– Carson Palmer, QB Cincinnati BengalsHe’s only going to get better, and the scary thing is he’s already pretty darn good.– Tatum Bell, RB Denver BroncosSure, Bell’s sharing time with Mike Anderson right now, but there’s no way Mike Shanahan will split time next season.– Julius Jones, RB Dallas CowboysYes, he’s hurt right now, meaning you can probably get him for a lot cheaper bounty.– Cadillac Williams, RB Tampa Bay BuccaneersHas slowed down considerably lately, but, just like Jones, that just means the asking price will be a little lower.– Steven Jackson, RB St. Louis RamsIf your team’s marginal, giving up several good scorers to get a stud like Jackson would be forward thinking.On the flip side, here are some players you may want to consider parting ways with …– Priest Holmes, RB Kansas City ChiefsThe best fantasy player over the last three or so years, the Priest is now getting older and losing carries to Larry Johnson — another guy to consider trading for.– Corey Dillon, RB New England PatriotsHe’s not getting any younger, and he’s not getting any better.– Fred Taylor, RB Jacksonville JaguarsInjuries are always a concern, but he’s coming off a huge week — the perfect time to make a deal, when others will overpay.– Big-time tight ends: most keeper leagues only allow a relatively small number of keeps (three to four), so you’re probably not going to bring back a tight end, regardless of how good he is. Use a Heath Miller to sweeten the pot in a potential deal.Player of the WeekTiki Barber, RB, New York Giants24 carries, 206 yards and two touchdowns, one reception for five yardsWas there really a question? Yeah, Jake Delhomme and Steve Smith had big days, but come on … they were playing the Vikings. Barber led the way in an inspirational performance by a Giants team that is getting better every week.Herald Smart StartsQB Eli Manning, New York GiantsYeah, kind of an obvious one. Eli didn’t have a great game last week, but the Giants’ offense is on fire.RB William Green, Cleveland BrownsHey, if you’re desperate, Green should start now after Reuben Droughns’ arrest.RB Willie Parker, Pittsburgh SteelersParker’s slowed down from the torrid pace at which he began the year. But with Big Ben potentially out against the Packers, Parker should get plenty of carries.WR Amani Toomer, New York GiantsSee Manning reasoning. Plus, the 49ers are horrible against the pass.WR Doug Gabriel, Oakland RaidersDidn’t catch a pass last week, but against a shoddy Chiefs pass defense, not a bad desperation start.TE Jerramy Stevens, Seattle SeahawksCaught the most balls of any Hawk last time out, and Hasselbeck should look his way again in Arizona.last_img read more

Students optimistic about first Latin-American pope

first_imgWhite smoke billowed from the chimney of St. Peter’s Basilica on Wednesday evening in Vatican City, signaling the selection of a new pope.When the news reached Los Angeles at noon, students had diverse reactions to the election of 76-year-old Argentinian Archbishop Jorge Bergoglio, the first modern pope from Latin America, who cardinals chose to succeed Pope Benedict XVI, who resigned Feb. 28.“I’m really happy with their decision because I think it’s time that not a white, old, European man controlled the church. It’s kind of moving in a new direction, so it will be nice to get some diversity in our leadership,” said Moriah Mulroe, a freshman majoring in biochemistry and practicing Catholicism.Many Latino students at USC agreed with Mulroe and were enthusiastic about the fact that Bergoglio hails from Argentina. Edwin Francisco Juárez Rosales, a Salvadorian doctoral student in the electrical engineering program and the religious education chair at the USC Caruso Catholic Center, expressed optimism at the papal selection.“I’m really excited and truly happy … to have a Latin-American pope for the simple reason that Latin America represents the largest percentage of Catholics, including myself,” Rosales said.Heidi Mayen, a student worker at El Centro Chicano, was also pleasantly surprised by the news.“I would have thought he would have been a European pope,” Mayen said.Bergoglio chose the name “Francis” for his papacy, making him the first Pope Francis in the church’s history. The name Francis comes from St. Francis of Assisi, whose prayer promotes love and helping others. The name is associated with inspirational preaching and evangelization.Bergoglio is also unique in that he is the first Jesuit pope, something several students were excited about. The Jesuits are an order of Catholic priests founded by St. Ignatius of Loyola in the 16th century and are known for their work in education.Some students responded positively to the new pope’s Jesuit affiliation.“I had a great time in Jesuit [high] school and I thought that their ideas about Catholicism and life in general are really good for society,” said Bryan Curtis, a freshman majoring in civil engineering.Rosales said he hopes the new pope’s Jesuit background will bring a new type of leadership to the Vatican.“Part of [Jesuitic] spirituality is to bring God to the boundaries … but now they are taking the meaning of that to mean bringing Catholicism to areas it’s not present, for instance sciences,” said Rosales, who believes this Jesuit mentality will help the papacy.Though some believe the selection of Bergoglio was an effort to move the church forward, others believe it will accomplish the opposite. Camille Saucier, a freshman majoring in psychology, was among the students hoping for a more progressive pope. Bergoglio is noted for his criticisms of socially progressive trends and staunch conservatism, according to the Washington Post.“It’s nice to see that they’re having some ethnic diversity, but I mean, seriously, you really have to go with the most conservative guy?” Saucier said.Jorge Molina, a freshman majoring in writing for screen and television, said the newly selected pope’s influence will be even more widespread because of his ethnic background.“Being the first Latin-American pope, I think that it’s going to have [more cultural] representation in the church,” Molina said. “Culturally, coming from another background that’s not European, he can bring another perspective of the world.”Bergoglio will officially be installed as pope at a Mass on Tuesday, according to a statement from the Vatican.last_img read more

Beat writers predict Syracuse to clip Boston College for 1st conference win

first_imgIn Jim Boeheim’s second contest back from his nine-game suspension, Syracuse (10-7, 0-4 Atlantic Coast) will be trying to avoid losing five games in a row for the first time since the 1968-1969 season. Boston College (7-8, 0-2) has struggled so far this season with losses to UMass Lowell, UC Irvine and Santa Clara. In the Eagles’ last game, which came against Notre Dame, BC was blown out, 82-54.Here’s how our beat writers think Syracuse will handle Boston College.Sam Blum (12-5)Syracuse 81, Boston College 59Flying highSyracuse has had a rough go of it in the ACC. The Orange has played well and held second-half leads on three of the nation’s best teams. On Wednesday, SU breaks through with a win over arguably the worst power-conference team in college basketball. Michael Gbinije will have a career scoring night, and all will be well as SU prepares for a run through North Carolina.Jesse Dougherty (12-5)Syracuse 64, Boston College 57First one’s hardest to getAdvertisementThis is placeholder textAnd Syracuse proves that with an ugly win over the Eagles on Wednesday night. Nothing has come easy for the Orange this season, and a win against a team that is predicting to lose the rest of its games is no different. Boston College plays the underdog role well, packing its defense into the paint and making some absurd 3s over top the SU zone. But Syracuse shoots itself in the foot for most of the game until it snaps out a funk and captures that coveted first conference win. Next up is a pair of games in North Carolina, and they won’t be near as winnable.Matt Schneidman (11-6)Syracuse 78, Boston College 60Boston marketPoints will be open for taking Wednesday night in the Carrier Dome and Syracuse will have plenty of chances to work out some of the kinks that have plagued it through the first four games of conference play. The Eagles lost their two best players from last season and rank among the worst in Division I in Kenpom’s adjusted offensive efficiency rating. Add on that they have six freshmen playing 9.7 minutes or more per game and SU should be able to scrap together its much-needed first ACC win. Comments Facebook Twitter Google+ Published on January 12, 2016 at 2:52 pmlast_img read more