Reform proposal could make Sweden’s AP funds ‘inflexible’

first_imgHessius said politicians were so far willing to defend only the proposals on sustainability, but she questioned the need to impose restrictive regulation on the funds.She argued that regulation would give AP3 less flexibility as sustainable investment evolved, and that the fund had begun to decarbonise its portfolio, sell off coal holdings and establish a dedicated sustainability portfolio worth SEK10bn (€1bn) – without government direction.The other buffer funds have also launched a number of other sustainability initiatives, and AP4 is a founding member of the Portfolio Decarbonization Coalition and recently tendered an equity mandate investing in companies tackling water scarcity. The managing director’s comments came as AP3 announced that it returned 6.4% over the first six months of the year.It estimated it would have returned 3.9% had it been required to invest passively, something critics have feared would result from the government reforms.“A passive index strategy [would have] amounted to SEK7bn less for the first half of the year alone,” Hessius said.“Were we to measure for a longer period, the difference is SEK18.5bn.”Hessius is not alone in her concerns for the reform of the AP fund system.Mats Langensjö, chairman of the 2012 Buffer Fund Inquiry, has previously warned that the government’s reforms would see the funds deploy a passive, index-tracking portfolio over time.Mats Andersson, managing director at AP4, has said the reforms could “destroy” the system, while AP2 managing director Eva Halvarsson has said the changes were “costly and risky”. Regulating how Sweden’s buffer funds tackle matters of sustainability could undermine their ability to adapt to market changes, AP3 has warned.Commenting on the government’s proposed overhaul of the system, managing director Kerstin Hessius said the reform package as a whole put the diversified nature of the four main funds’ investments at risk.A compromise agreed by Sweden’s government and the four main opposition parties would see AP6 merged with AP2 and the closure of a second, as yet undecided buffer fund.Additionally, the reform would establish a National Pension Fund Board charged with overseeing the system’s assets and agreeing levels of investment risk, which could be vetoed by the government.last_img read more

Budget conscious buyers look to Greater Springwood growth corridor

first_imgImpact Homes are providing “fixed price” turnkey packages on new homes built within the Brentwood Forest community.Impact Homes have big plans for their offering in the Greater Springwood growth corridor, only 30km from Brisbane CBD.The builder said they were providing “fixed price” turnkey packages on new homes built within the Brentwood Forest community.Impact Group Australia national sales manager said the company had listened to hopeful buyers and their desire to own a home that was affordable. “Hopeful homebuyers will come into our sales office and be surprised by how much living space they can have within their price range — these homes are designed to offer families the same amount of liveable area as a traditional sized lot.AVID Property Group general manager Queensland Bruce Harper said buyers also wanted to raise their children in a home that was part of an active and welcoming community.“Families have an affordable option for a home and a community,” Mr Harper said. More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours agoImpact Homes have big plans for their offering in the Greater Springwood Growth Corridor, which is 30km from Brisbane CBD.“We are also very mindful of budget requirements and have worked hard to ensure our home and land packages are full turnkey, that is, no surprises,” Mr Ewing said. “We also work very closely with our valued suppliers to bring innovative and cost effective solutions to our range, which in turn, benefits our clients.”Developer AVID Property Group’s project sales manager Simon Ewing said his sales team had noticed an increase in buyers looking for a sizeable family home on an apartment budget.“With housing affordability decreasing, home buyers are even more conscious of their money and quite often are working with what they have referred to as an ‘apartment budget’, however still dream of a family home,” Mr Ewing said. >>FOLLOW EMILY BLACK ON FACEBOOK<< last_img read more

Parents suffering iGuilt over smartphones

first_imgNZ Herald 26 May 2012They call it iGuilt. It’s become an increasingly common sight at Saturday morning sport as parents tap away at their phones, missing little Jimmy’s goal. Some parents don’t even realise what they’re doing while others readily admit they devote more attention to their iPhone than to their child. The modern world is filled with technological distractions, from smartphones to laptops to iPads, which are increasingly hard to switch off. Netsafe director and father of a 4 and 8-year-old, Martin Cocker admitted smartphones sometimes interfered with his parenting. His job means he needs to always be contactable by media and colleagues and so he always has his phone on and with him.How to miss a childhood* Keep your phone turned on at all times of the day. Allow the rings, beeps, and buzzes to interrupt your child mid sentence; always let the caller take priority.* Take your children to the zoo and spend so much time on your phone that your child looks longingly at the mother who is engaged with her children and wishes she was with her instead.* Go to your child’s sporting event and look up periodically from your phone thinking she won’t notice that you are not fully focused on her game.* Check your phone first thing in the morning … even before you kiss, hug, or greet the people in your family.* Read email and text messages at red lights. Then tell yourself that when your kids are old enough to drive they won’t remember you did this all the time.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10808609last_img read more

4-year-old boy drowns in river

first_imgBacolod City – A boy who was believed to have drowned was found dead in ariver in Barangay Nanca, E.B. Magalona, Negros Occidental. The four-year-old resident JestoniCabrillos was found lifeless by rescuers around 7:55 a.m. on Jan. 16, a policereport showed.  Officers of the E.B. Magalonamunicipal police station were still investigating the incident./PN According to police investigators,Cabrillos went swimming with his parents when he was carried by water currentaround 5 p.m. on Jan. 15. His father tried to save him but to no avail.center_img A police officer and rescue personnel assist the family of Jestoni Cabrillos who drowned in a river in Barangay Nanca, E.B. Magalona, Negros Occidental on Jan. 15. E.B. MAGALONA MUNICIPAL POLICE STATION The victim’s body was brought to a localmortuary for a “post-mortem” examination.last_img read more

Fathers’ Advice: Why I never get carried away-Mike Schumacher

first_img Loading… In an emotional letter with sponsor UnderArmor, Mick has acknowledged that although he understands why his father is adored by millions of fans worldwide, that first and foremost: ”He is always my father in the first place.” Although Mick followed the wishes of his family and didn’t talk in detail about his dad’s condition, he did mention the life lessons he continues to follow. Mike and legendary father Michael Schumacher He said: ”I don’t take the lessons he passed on to me as a matter of course. One of these lessons is to remain constant, never to be too euphoric or too depressed.” Read AlsoSchumacher's daughter Gina waxing stronger On 29 December 2013, Schumacher was skiing with his 14-year-old son Mick, descending the Combe de Saulire below the Dent de Burgin above Méribel in the French Alps. Unfortunately he fell and hit his head on a rock sustaining a serious head injury despite wearing a ski helmet. FacebookTwitterWhatsAppEmail分享 center_img Michael Schumacher’s son Mick has opened up on the lessons he learned from his legendary father, revealing that he particularly warned him against getting carried away. Mick, 21, rarely speaks about his F1 legend father, who won seven Formula 1 World Championship titles between 1994 and 2004, writing his name in the history books while inspiring many. The youngster has since made his own way in the sport and was announced as a driver for the Ferrari Driver Academy in 2019, before completing a day of in-season testing at Bahrain International Circuit. In regards to his father, the family has decided not to publicly address the skiing accident back in December 2013 that saw him placed in a medically induced coma because of traumatic brain injury. mike schumacher relishing Father’s advice while pushing on with his careerAdvertisementlast_img read more

EC FFA Competes at state competition

first_imgBack row L to R: Travis Foote, Gage Crone, Austin Schneider, Keegan Riesenbeck, Grant Wright, Jared Callahan, Alex Newport, and Alex Dudley.Front row L to R: Amelia Hartman, Anna Loschiavo, Erica Kathman, Alicia Rosemeyer, Rachel Kraus, Ryann Griffin, Faith Fox, and Grace Kraus.Greenwood, In. — The East Central Nursery/Landscape teams recently compete in the Indiana FFA State Nursery/Landscape Career Development Event at the Central 9 Career Center in Greenwood.The contestants had to complete a general knowledge exam, plant, pest, and equipment identification, landscape estimating practicum, plant propagation practicum, and a team activity.The team of Alicia Rosemeyer, Alex Dudley, Rachel Kraus and Amelia Hartman won first overall and the state title. The team of Austin Schneider, Grant Wright, Travis Foote and Anna Loschiavo placed third. The team of Alex Newport, Keegan Riesenbeck, Grace Kraus and Erica Kathman placed fourth. The team of Gage Crone, Faith Fox, Ryann Griffin, and Jared Callahan placed 6th. This is East Central’s 6th state win in this event (2007, 2008, 2014, 2016, 2017, and 2019).The winning team will represent Indiana at the National FFA Convention on October 30-31 in Indianapolis, Indiana.last_img read more

CoA to Supervise Match Tickets Allotted to BCCI President and secretary

first_imgNew Delhi: The Committee of Administrators (CoA) has decided that international match tickets that the Board of Control for Cricket in India’s (BCCI) president and secretary gets will remain under the supervision of the committee.The CoA which had decided to limit BCCI’s requirement of tickets from 1200 to 604 has now decided that the quota of complimentary tickets allotted to BCCI on account of the president, secretary and stakeholders shall stand reinstated. From the requirement of 604 tickets as per the mail on October 6, the requirement now stands at 779, an increase of 175 tickets.In the mail, accessed by IANS, the committee has said: “Please note that till conclusion of the BCCI election, the quota of tickets allocated to the BCCI President and the BCCI Secretary shall remain under the supervision of the CoA and such tickets will be handled by the host association to the BCCI designated personal mentioned in the staging association guidelines.“The quota of tickets for BCCI stakeholders shall be managed by the BCCI office, through the BCCI CEO.”A senior state association official questioned the whole change of heart.“Why did they reduce the number last year and what makes them suddenly change this decision? Last year they stood ground and now this change of heart? Also, it is funny that the president and secretary of the board will get their quota of tickets, but it will be under the supervision of the CoA. So what does that signify? Would be interesting to know the explanation behind the decision that saw them rethink the ticket allocation,” the official told IANS.As per the revised arrangement, the distribution of hospitality tickets will see the BCCI sponsors get 110 tickets, the broadcasters will get 24 tickets, the home and away team gets 25 tickets each, the BCCI president and secretary will get 50 tickets each and the stakeholders will get 25 tickets.In the general category, the sponsors will get 100 tickets, broadcasters will get 50 tickets, the home and away team will get 125 tickets each, the match officials will get 20 tickets, the BCCI secretary will get 25 tickets and the stakeholders will get another 25 tickets. IANS Also Read: Kieron Pollard Named West Indies ODI and T20I SkipperAlso Watch:PSO of Special Reserve Force DSP in Nalbari arrested for supplying weapons to Robberslast_img read more

Benitez’s wife: Rafa spends his time clearing Mourinho’s mess

first_imgRafael Benitez’s wife has joked that his career has been spent at clubs where he has had to clear up the mess Jose Mourinho has left.Benitez has followed Mourinho into the hot seat at Inter, Chelsea and now Real Madrid – although only at Inter did he succeed him directly.Speaking to La Region, Monserrat Seara said: “Real Madrid are the third of Jose Mourinho’s old teams Rafa has coached. “We tidy up his messes. If you think about it, of course you end up crossing paths. There are only a few world-class clubs out there.”Seara also gave an insight into one of the dedicated and disciplined managerial minds in football. “On our first date, Rafa explained to me what a 4-4-2 was. He finds it hard to stay away from the game,” she said.”The year we spent at home he helped coach the local school team. It was hilarious. He stood on the sidelines and shouted at them as if they were first division players, waving his arms about. He doesn’t see football as work, it’s his passion.”Sometimes I ask him, who’s going to play? He says he doesn’t know yet. They criticised him at Liverpool for constantly tweaking his starting XI. I thought his two best friends in England were going to kill him.”Benitez is the new manager of Real Madrid after replacing Italian Carlo Ancelotti who won the Champions League and Copa Del Rey in 2014. –last_img read more

Women’s World Cup 2019: Brandi Chastain says key to USA repeat is ‘potentially uneasy’ defense

first_imgNational Soccer Hall of Famer Brandi Chastain became an American sports icon when she scored the game-winning goal in the penalty shootout that delivered the 1999 FIFA Women’s World Cup to the United States exactly 20 years ago. That moment at the Rose Bowl is one of the most memorable ever created in the American game.For the current U.S. team to match that performance at the 2019 FIFA Women’s World Cup, Chastain told Sporting News the team’s defense will be the key. “I think our mentality is being in the attack, for sure, but the most important part of this World Cup will be the defending,” Chastain said. “If you look at the teams we’re playing, if we don’t have a good plan, if all of the players don’t understand their responsibilities in the different thirds of the field, if we play in a way that is kind of like ‘all-or-nothing’ defending, we will be opened up in a way these teams can take advantage of a potentially uneasy back line.”MORE: A complete guide to the 2019 Women’s World CupThe quartet of left back Crystal Dunn, center backs Becky Sauerbrunn and Abby Dahlkemper and right back Kelley O’Hara has not had the luxury of playing together often of late because of an injury to O’Hara’s ankle that only recently has healed. They started all three games of the recent send-off series, but the opponents — South Africa, New Zealand and Mexico — did not often threaten.New goalkeeper Alyssa Naeher recorded shutouts in all three games, but in games against France, Japan, England and Australia earlier this year, the U.S. conceded a combined 10 goals.“Our goalkeeping has been less than it’s been … mediocre,” Chastain told SN. “So there’s a lot of potential problems.”One of those issues is the challenge of repeating as champion. The U.S. was unable to do it in the World Cup of 1995 or 2003 after the first two titles the American women won.Chastain was a part of the 2003 team that played at home but was unable to match its brilliance from four years earlier.MORE: Ranking biggest threats to USWNT repeat, from France to Japan and back“The good thing about these scenarios is that every year, every team is different. It’s not like you’re comparing this team to the last team. You get a fresh start, and I think that’s healthy. It can allow you to let go of some of that pressure. It’s just a standalone event. And that’s what I’m hoping that the sports psychologists and the players have been sharing with the players.“Winning a World Cup isn’t easy. It’s going to take a lot of commitment, but they’ve been training for that their whole lives. So you take it one game at a time. I think if you think of it too much in the big picture, you lose sight of what’s in front of you.”Speaking with Sporting News as part of a promotion with Allstate All-America, which will recognize the top high school players in America during MLS All-Star week in July, Chastain had great things to say about what Sauerbrunn, about to begin her third World Cup and second as a starter, adds to the defense.“I think Becky has shown great leadership. She’s a very calm presence in the back,” Chastain said. “She’s not going to do anything fancy and she won’t make any egregious type of mistake that will get someone into trouble. I think she probably was one of the easiest choices Jill Ellis had to make.”MORE: Julie Ertz’s support system goes beyond USWNTChastain seemed uncertain about coach Jill Ellis’ decision to move Julie Ertz, a revelation in central defense in the 2015 World Cup, to play more commonly as a defensive midfielder.She also wonders not about Dunn’s talent, but about positioning her as a left back. Most of Dunn’s career has been spent in the attack; she won the NWSL’s golden boot award in 2015 by scoring 15 goals. Dunn still gets forward in Ellis’ system, and displayed some brilliant skill in the Mexico friendly, but will she be sound defensively when the biggest games of this World Cup are played?Ellis declined to include on her roster someone such as Casey Short, a natural left back who has excelled in the NWSL and played for the U.S. in advance of the tournament. “I’m not saying this because it’s the position I played, but coaching teams myself, working with my husband at Santa Clara with the women’s soccer team … it’s the most difficult position to fill and probably one of the most critical. I’m not sure that we’ve exhausted ourselves to find that right person.“I think Crystal Dunn is very diverse and multi-talented, without a doubt. But I think the question is a good question, and one that will keep coming up during this World Cup.“The beauty of a game like soccer is, everyone sees it differently. So we’re going to see what Jill Ellis sees, because it will be on full display.”last_img read more

Patrick Mahomes takes notes after coming in fourth again in NFL Top 100

first_imgSN’s QB RANKINGS: Mahomes is No. 1 in our bookThe Chiefs quarterback finished fourth in player balloting for this year’s Top 100 list, behind Jackson, Russell Wilson and Aaron Donald. The final spots were revealed Wednesday night on NFL Network. Mahomes got right to the point on Twitter:📝— Patrick Mahomes II (@PatrickMahomes) July 30, 2020Kansas City fans have to appreciate the drive; Mahomes, 24, has already won a ring and signed an extension that could max out at just over $500 million, after just three NFL seasons.  Meme-makers quickly got to work, with “The Last Dance,” “The Office” and other, more esoteric, sources appearing.Patrick Mahomes after being ranked 4th : pic.twitter.com/r2fGUGCU1i— Kevonte Gaiters (@kevonte_gaiters) July 30, 2020pic.twitter.com/TMseG2mov4— Zach The “#InVeachWeTrust” Stan (@thelaymansterms) July 30, 2020pic.twitter.com/5RtzX1GdKo— Kent Swanson (@kent_swanson) July 30, 2020Mahomes was fourth in the voting last year, too, which means that leading a team to a comeback victory in the Super Bowl and earning Super Bowl MVP failed to improve his stock. One Chiefs fan saw that as a positive.Every time Patrick Mahomes was voted 4th he won the super bowl the next year😳😳 pic.twitter.com/PZew3q0XYg— Charvarius Ward DPOY (@LockdownWard) July 30, 2020Mahomes and Jackson are scheduled to square off Week 3 in Baltimore on “Monday Night Football.” NFL players have spoken: Lamar Jackson is their No. 1-rated player for 2020. Super Bowl champion and fellow NFL MVP Patrick Mahomes? He’s a few spots below.Don’t think Mahomes didn’t notice.last_img read more