NEST helps make UK pension system more durable, study shows

first_imgThe introduction of auto-enrolment pensions provider NEST has made the UK’s pension system more durable in relative terms, pushing the country into the world’s top 10 sustainable pension systems, a study has shown.Allianz Global Investors’ latest pension sustainability index places the UK at number 10 in 2014, up from 12th position in 2011 when the last index was calculated.Andreas Hilka, head of pensions Europe at the asset manager, said: “With the introduction of NEST, a simple yet sophisticated auto-enrolment scheme, the UK took an important step towards enlarging the share of people saving for their retirement.”He said the recently announced overhaul of the annuities market and the decision to cap auto-enrolment charges showed more reform was clearly on the agenda in the UK.  Removing the tax incentives for purchasing an annuity may act as a catalyst for a more efficient pension system, Hilka said.“By allowing greater choice, retirees can choose from a far wider range of income-generating products to suit their circumstances and preferences,” he said.But he said it was important to make sure savers had access to all the information, tools and advice they needed to stop them falling into economic hardship at the end of their lives.As in the 2011 study, Australia came out as the country with the most sustainable pension system in the index ranking, followed by Sweden in second place.New Zealand took third place, followed by Norway, the Netherlands and then Denmark.Denmark fell by three places between 2011 to 2014, while Norway rose by three.Among European countries, Ireland, Luxembourg and Romania rose more than five places between 2011 and 2014, while France, Malta, Slovenia and Croatia fell more than five places.Australia was under the least pressure to reform pensions, Allianz Global Investors said, with its two-tiered system of lean public and highly developed funded pensions.It said the Western European countries in the top 10 benefited from their comprehensive pension systems that were based on strong, funded pillars. Sweden and Norway, meanwhile, had comparatively solid public finances, and Norway benefited from a high legal retirement age and moderate ageing demographics, the asset manager said.last_img read more

MOL: Another LNG Carrier for Yamal LNG Project Named in China

first_imgChina’s Hudong-Zhonghua Shipbuilding named another LNG carrier for Russia’s Yamal LNG Project on January 8, 2020. Named LNG Merak, the newbuilding was jointly ordered by Japanese shipping company Mitsui O.S.K. Lines and Chinese shipping major China COSCO Shipping in 2017.The 174,000 cbm unit is the second of four new LNG carriers for the Yamal LNG Project ordered by MOL and COSCO. It is a sister vessel of the recently delivered LNG Dubhe which was built at the same shipyard.Featuring a length of 295 meters and a width of 45 meters, LNG Merak will be engaged in the transport of the project’s LNG cargo from transshipment terminals in Europe to Asia LNG terminals.MOL has been operating eleven LNG carriers built in China for other projects, and LNG Merak will be the twelfth LNG carrier built in China to join the company’s fleet.The Yamal LNG plant has been producing LNG over nameplate production capacity and over 25 million tons of LNG have now been shipped since the start-up of Train 1 in December 2017 and has cumulatively dispatched more than 340 cargoes.last_img read more

Seismic centre repeats warning of major earthquake

first_imgNewsRegional Seismic centre repeats warning of major earthquake by: – May 14, 2012 Share Share Share Tweetcenter_img Sharing is caring! Port Of SpainST JOHN’S, Antigua and Barbuda, Monday May 14, 2012 – The magnitude 4.0 earthquake recorded off the coast of Antigua last Friday (May 11) is a warning that the Caribbean should prepare for a much more severe earthquake to come.This warning has again been sounded by the Seismic Research Unit in Trinidad and Tobago. In confirming that an earthquake occurred 50 miles east of the Antigua and Barbuda capital around 5 a.m, seismologist Dr Joan Latchman reportedly stated that the region has not seen its largest earthquake for more than a century and, based on the historical data that indicated that the region has recorded a major earthquake every 100 years, the islands of the English-speaking Caribbean were overdue for one.Dr Latchman has stated that the pattern in which earthquakes have occurred in the region has been consistent, although authorities cannot predict when and where it will happen.This time last year the Trinidadian seismologist also warned residents of the region to brace for a major earth movement.Speaking during a three-day visit to Nevis to make a presentation on disaster preparedness, Dr Latchman said Caribbean islands lie in an area of relatively high earthquake activity and that an earthquake of 8.0 could hit the Caribbean any day based on the patterns previously recorded.According to the Seismic Research Centre, there have been a number of small earthquake activities taking place off Antigua & Barbuda although they have not been felt by residents.Philmore Mullin, head of the National Office of Disaster Services has stated that Antigua & Barbuda would not only be very vulnerable to earthquakes but also tsunamis.The region was earlier this month put on notice to prepare for tsunamis by the Intergovernmental Oceanic Commission of UNESCO.Caribbean 360 News 53 Views   no discussionslast_img read more

Lady Cardinals And Lady Vikings Split Games

first_imgMonday night, The St. Louis Lady Cardinals fell to Mt. Carmel with a score of 21-10.Leading scorers for St. Louis were Grace Eckstein and Sydney Schutte with 4 each, and GiGi Dreyer with 2.Rebounding the ball were GiGi Dreyer, Sydney Schutte, Betsy Harmeyer, Grace Laudick, Mindy Eckstein, Grace Eckstein, Molly Wachsmann, Betsy Harmeyer, and Chloe Meadows.Leading girls in stealing were Grace Laudick and Grace Mack.Courtesy of Cardinals Coach Erin Trenkamp.The St. Louis 8th grade girls basketball team survived a physical game at Mt Carmel Monday night defeating the Lady Vikings by a final score of 23 to 22.Harlee Masavage led the Lady Cardinals in scoring with 10 points.Avery Roell added 7 points including a 3 point basket.Courtesy of Cardinals Coach Mike Burkhart.last_img read more

No thanks for players from Moyes

first_img The 50-year-old released a statement via the League Managers Association in which he spoke of his gratitude to Sir Alex Ferguson, the fans and the staff at Old Trafford. There was no mention of the United players, who have kept tight-lipped since Moyes left the club. Even those players normally so active on Twitter have remained silent on the matter. “I thank them for their dedication and loyalty throughout the last season. “We were fully focused and committed to the process of the fundamental rebuilding that is required for the senior squad. This had to be achieved whilst delivering positive results in the Barclays Premier League and the Champions League. “In my short time at the club I have learnt what special places Old Trafford and Carrington are. I would like to thank the United staff for making me feel so welcome and part of the United family from my first day. And of course thank you to those fans who have supported me throughout the season. I wish you and the club all the best for the future.” David Moyes has broken his silence after his sacking as Manchester United manager – and pointedly made no mention of his players. Moyes was sacked as manager by the club on Tuesday, and former United captain Roy Keane said some of the players “should be ashamed of themselves”. Ryan Giggs has been appointed interim manager and was assisted at training on Wednesday morning by former team-mates Paul Scholes, Phil Neville and Nicky Butt. Moyes said he felt proud to have taken the team to the Champions League quarter-finals but that he understood fans’ frustrations at the overall results. He said in a statement: “During this period of transition, performances and results have not been what Manchester United and its fans are used to or expect, and I both understand and share their frustration. “I remain proud to have led the team to the quarter-finals of this year’s Champions League and I remain grateful to Sir Alex Ferguson for believing in my ability and giving me the chance to manage Manchester United.” He added: “To have been appointed as manager of Manchester United, one of the biggest football clubs in the world, was and remains something of which I will always be incredibly proud. “Taking charge after such a long period of continuous stability and success at the club was inevitably going to be a significant challenge, but it was one which I relished and never had a second thought about taking on. “The scale of the manager’s job at United is immense, but I have never stepped away from hard work and the same applies to my coaching staff. Press Associationlast_img read more

Road takes Plate Riches

first_img There were several casualties in the valuable handicap chase, but Shortall had his mount in the best place, up with the lead throughout the two-and-three-quarter-mile feature. Lord Ben kept Road To Riches (14-1) company for most of the race, but lost his pitch at the business end as the Noel Meade-trained seven-year-old, owned by Gigginstown House Stud, pulled away in the closing stages. Shortall, who was completing a double having earlier won on Greatness, said: “That was brilliant, unbelievable. “I got a dream spin off him the whole way around – after the third fence, I never saw another horse. “He had a little fill taking the bend and when he got his breather I kicked on again. Climbing the hill after jumping the last, I was waiting for something to come but it never did and he galloped all the way to the line for me. “He’s as genuine as you could meet, he was brilliant. There was nothing coming to edge him on but he still galloped all the way to the line for me. “I rode an 18,000 euro handicap winner two weeks ago and I thought that was brilliant, but to win the Galway Plate is the stuff of dreams. “I wasn’t getting out of bed this morning expecting to ride a double. It might never happen again, so I’ll make the most of it.” Burn And Turn (16-1) made solid late progress to take second place 11 lengths behind the emphatic winner, with Balnaslow (9-1), also owned by Gigginstown, third. Spring Heeled (10-1) was fourth. It was a chance ride for Shortall, who picked up the mount after Ger Fox broke his collarbone in a fall at Wexford on Friday. Among the horses not to complete the course were Alderwood, Kid Cassidy, Vulcanite and Terminal. Meade said: “Being by Gamut, and Gamut is by Spectrum, most of them want good ground. Probably that’s the key to him and he does want to come into a race fresh. He jumped brilliant. “That was the plan since Punchestown. He went a fair gallop but he was always comfortable. He jumped so well he gave himself a chance, and every fence was a help to him. “I think that was Shane’s first ride for me. Ger (Fox) would have been riding him but for breaking his collarbone, but that’s racing. We bought him off Martin Cullinane who only trains about six miles from here. “That’s the only one of the big races (at Galway) that I haven’t won. I’ve been second in it I think three or four times. I’m absolutely thrilled as the Plate is something you want to win. “I’m sure the handicapper is not going to be too nice to him after that, he won so easy. I’m sure he’s a Graded horse, there is no doubt about that. His handicapping days might be over after that. Good ground is essential.” Road To Riches took the path to glory under talented 7lb-claimer Shane Shortall in an eventful renewal of thetote.com Galway Plate at the Ballybrit track. Press Associationlast_img read more

Golden Jaguars bubbling with confidence … Suriname equally poised

first_imgFrom Ras Wadada in Paramaribo with the compliments of German’s Restaurant and Lens Craft OpticalANOTHER chapter in the history of the oldest Caribbean football rivalry will be written in Paramaribo this afternoon as 3rd round action of Group One in the Caribbean Football Union (CFU)/Scotiabank Senior Men’s Cup gets underway.The visiting Golden Jaguars, under the guidance of long-standing head coach Jamal Shabazz, arrived in the former Dutch colony on Thursday and yesterday afternoon held their only training session at the venue for today’s crucial encounter, the Andre Kampaerveen Stadium.The 20-man squad consists of 12 foreign-based players including first-timers, Kai Lyle of the UK and Warren Creavalle, Cash London and Andrew Nestor from the USA. The Jaguars also welcome the return of Puerto Rico-based captain Christopher Nurse and Anani Mohammed who now plays in Mexico.The giant-sized 18-year-old Kai Lyle is expected to start in goal and his performance between the uprights will be pivotal in the Golden Jaguars coming away with their 3rd consecutive win in competition against their rivals in their backyard. Ironically the last two wins for Guyana in Suriname came in the month of October.The Guyanese dismissed the Dutchmen 2-0 on October 17, 2010 in Digicel Cup action and the year before on the 28th the Jaguars won the Independence Cup by 1-nil. In over 100 years of rivalry the teams have met 67 times with Suriname winning more than half of those contests, while Guyana won the most recent meeting by a 2-0 margin in a friendly, played earlier in February of this year at the Guyana National Stadium, Providence.The young talented Suriname squad are hoping that their home crowd support can motivate them in overcoming the visitors who are a blend of youth and experience that includes the evergreen Anthony ‘Awo’ Abrams at 37 years old.Abrams who distinguished himself in the Suriname League some years ago when he played for Leo Victor was a known tormentor of many a defence and could very well prove to be today’s trump card for the Jamal Shabazz-coached side.Shabazz is cognizant of the rivalry between the neighbours and the usually sound technical skills of the Dutch on ball possession but thinks his charges are ready to go out and get the job done, so as to come away with maximum points and take charge of Group One.The Trinbagonian is unperturbed at this stage as to the inadequate preparations leading up to these 3rd round games that his unit had and is very optimistic about winning the opening game of Group One.Today’s game will kick off at 16:30hrs.last_img read more

Guard Ron Patterson will transfer from Syracuse

first_img Published on March 19, 2015 at 6:05 pm Contact Jacob: jmklinge@syr.edu | @Jacob_Klinger_ Facebook Twitter Google+ Sophomore guard Ron Patterson will transfer from Syracuse, his father Marc Patterson told The Daily Orange on Thursday afternoon.His father said he thinks his son may transfer closer to home and that NCAA sanctions and B.J. Johnson’s transfer may have contributed to Patterson’s decision. Patterson called his father at about 5:30 p.m. on Thursday informing him of his decision. He’ll look to go to a school where he can play significant minutes immediately, the older Patterson said.“I just think he’s looking forward to a  different situation,” Marc Patterson said. “He’s a player that had a lot of interest from the beginning so I don’t think it’ll be hard for him to find another school.”The sophomore guard had been talking to his coaches and met with Boeheim earlier this week, his father said. Patterson can’t talk to any prospective coaches until after his transfer paperwork is completed, his father said.Patterson came off the bench in all of the 29 games that he played this season. He averaged 2.6 points and 13.9 minutes per game and shot just 9-of-52 from behind the arc this season. After Syracuse’s win over Virginia Tech on Feb. 3, SU head coach Jim Boeheim said he instructed Patterson not to shoot anymore 3-pointers.AdvertisementThis is placeholder textThe news of his transfer broke just minutes after it became public that sophomore forward Johnson will seek a transfer as well. Scout.com first reported the story. The older Patterson said Johnson and his son were best friends but that he didn’t mention the forward by name on the phone.Patterson’s father lives in Indianapolis as does his son, who lives with the guard’s mother.Said Patterson’s father: “His son, he couldn’t watch him play, you know what I mean.” Commentslast_img read more

Chelsea win Club of the Year accolade

first_imgChelsea have been named European Club of the Year in the European Club Association’s annual awards.The Blues received the award from their peers after a season in which they won the Champions League but finished sixth in the Premier League – their lowest domestic position since Roman Abramovich took over at Stamford Bridge.They beat Spanish giants Real Madrid and Barcelona to the accolade on a night that saw four clubs honoured.The association said the awards, introduced in 2010, aimed to “reward outstanding club performances, encouraging best practice and highlighting successful club management”. Chelsea’s award cited the club “for their outstanding achievement during the 2011-12 season on a European and domestic level”.Cypriot club APOEL won the Best Sporting Progress 2012 award “for their significant progress in European competition in the 2011-12 season”, while Sampdoria were given an award for the year’s Best Achievement – setting up a “Fair Play Village” in which rival supporters could socialise.A Shakhtar Donetsk programme designed to help orphaned children in Ukraine, a country with a high number of orphans, won Best Community and Social Responsibility Programme.last_img read more

We will surely tame the Lions of Senegal- Dede Ayew

first_imgAndre Ayew has played down Ghana’s chances of winning the Africa Cup of Nations, insisting that their focus is on their opening game against Senegal on Monday.  The Terranga Lions of Senegal were  runners-up at the 2000 tournament co-hosted by Ghana/Nigeria and  have a galaxy of  top stars in Europe major leagues.  Coach Alain Giresse’s side  can boost of English Premier League trio: Papiss Cisse (Newcastle United), Mame Biram Diouf (Stoke City) and Cheikhou Kouyate (West Ham United). “The pundits speak much of Senegal, but I think we can beat them looking at morale in camp,” Ayew said in an interview.“But the son of Ghana legend Abedi Pele admitted it will not come that easy for them because Senegal are team to beat in the pool.” “We have been getting lots of encouragement and support from Ghanaians ahead of the game.In football players need inspiration and efforts like this inspire us the players a lot.The most important thing for us is to qualify from the group and see what will happen next. I want to assure Ghanaians that we will get the victory needed.”He added The Marseille talisman  admitted that the Black Stars  during the qualifiers were not invincible and this was as a result  of   the change in coaches.  The Black Stars will be chasing a fifth Nations Cup trophy at this tournament.last_img read more