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One-third of German institutional investors are still planning to re-allocate their fixed income portfolios, according to a survey by Feri.It said one-third of respondents had already done so and that the remaining investors had no plans to change their allocations.Half of those planning changes want to increase their exposure to corporates in developed markets, while another one-third is looking into emerging market corporates.Feri said high yield was a preferred strategy for increasing risk in the fixed income portfolios for many investors. Currently, the allocation of high-yield fixed-income instruments is at 2%.Investors aim to increase this to 2.5% by 2018, Feri said.According to the survey, pension funds and church investors are the only two institutional groups in Germany seeking to decrease their exposure to these instruments, albeit slightly. Pension providers currently have a 3% exposure to high-yield instruments and want to bring this down to 2.7%.Between 2013 and 2015, the share of corporates in German institutional portfolios increased by 500 basis points to just over 18%, according to Feri statistics.This is the highest increase for any asset class, as the share of equities went up by just 50bps – to 6.3% – while that of real estate increased by 30bps to 6.4%.Apart from possible changes to their fixed income portfolios, respondents to Feri’s survey are weighing increased exposure to various alternatives.Private equity is set to be increased by almost 600bps (currently, the exposure is only shown in the ‘other’ category at 2%), commodities by 560bps (currently 0.03%) and real estate by 540bps.By comparison, the share of equities is expected to rise by 310bps through portfolio re-allocation.The overall increase in the exposure to corporates, including those investors not planning further changes or any changes, is only 170bps.For their re-allocations, German investors are increasingly looking to passive strategies, including ETFs, according to Feri.But the majority of investors are holding ETFs for less than two years in their portfolios.With asset classes such as real estate, external asset management has become increasingly important.In 2009, only 30% of the surveyed investors used an external manager for their property portfolio; by 2015, this share had increased to 50%.Overall, Feri surveyed 128 institutional investors (40% pension providers), with combined assets worth €720bn – of which €140bn is managed externally. read more
Colin Meech, UnisonThe lack of transparency over costs, the use of external fund managers rather in-house management, and the lack of interest in consolidating funds were all issues that needed to be addressed first, Meech said.“The issue is whether the system delivers the benefit structure at an efficient level so that employers can commit to the scheme,” he said. “Currently we do it the other way round.“In the Netherlands, the government considers the scale of a fund to be a fiduciary duty and encourages pension fund trustees to merge their funds. As a consequence, the number of funds has declined from over 1,000 in 1997 to just over 200 or so today.”The Trades Union Congress (TUC), which serves as the UK’s umbrella union organisation, said it was a longstanding supporter of CDC plans.In a recent blog, Tim Sharp, the TUC’s pensions policy officer, said there was “widespread support for allowing the introduction of CDC schemes across industry and politics”.Noting their relative popularity in the Netherlands and Canada, he added: “Collective pensions are moving rapidly into the mainstream.”Terry Pullinger, deputy general secretary for postal at CWU, agreed. He said he recognised that CDCs might not provide a solution for everyone, but added: “We are absolutely adamant that it is better than DC.“There is a political sense at the moment, with [UK prime minister] Theresa May talking about a society that works for everyone, that the ground is extremely fertile for an alternative.”Pullinger and the CWU agreed with Royal Mail in February to introduce a CDC scheme, subject to the necessary legislative changes.The concept of CDC first topped the pensions policy agenda in 2015, following a reform initiative spearheaded by the then-pensions minister, Steve Webb. However, his successor Ros Altmann shelved the plans, preferring to concentrate resources on implementing at-retirement reforms instead.The model returned to prominence earlier this year following the Royal Mail-CWU agreement, although the Work and Pensions Select Committee – a group of politicians from the UK parliament’s lower house – had opened an inquiry into the benefits of CDC late last year.In March, Guy Opperman, the pensions minister, told the committee that the government was looking once more at the pros and cons of the scheme.“We are minded to assist but at the same stage I don’t want to give cast iron guarantees,” he told the committee. Collective defined contribution (CDC) schemes should not be seen as an adequate replacement for existing defined benefit (DB) plans, according to UK labour unions.While unions have cautiously welcomed recent discussions about introducing collective pensions to the UK, concerns were raised that companies might adopt the new model as way of closing existing DB plans either to new members or further accruals.Colin Meech, national officer at Unison – which with 1.3m members is one of the UK’s largest unions – said he saw the CDC model as “a much better system than DC [defined contribution] as you have collective risk sharing”.However, he warned that CDC plans, including the versions employed in the Netherlands and Canada, were not necessarily a panacea for the problems inherent within the pension fund industry – not least because of their complexity. “Last I heard there were 122 variants of CDC,” he said. The critical issues concerned the structure of how UK employers currently manage their pension funds, Meech added: “If someone was going to set up a structure today, why would you start with ‘what we are going to deliver’ rather than ‘how we are going to deliver it’?” read more
AFTER: There is a bar hidden in one of the kitchen cabinets.A drastic increase in the home’s value following Whitaker’s renovation was what sealed the fate of 7 Lowanna Drive, with the couple deciding to “list it”.“It added a lot of value to our house and that was the catalyst,” Belinda said.“Knowing what the potential was for the sale, that really flipped me.“Even though I’m still really sad to list it, it is a wise decision and in the long run it will be worthwhile.”Casting for Season 3 of Love It Or List It Australia is now open. Contact email@example.com or go to Lifestyle.com.au. BEFORE: Another living space was crammed next to the kitchen. BEFORE: The lounge room was a little dark. AFTER: The wall was opened up and a door to outside makes the room seem bigger.Craig’s desire to list the house seemed almost unwavering throughout the episode, while Belinda only came around to the idea toward the end.“The more I learned from Andrew, I was convinced (listing) was the way to go,” Craig said.“Just the financial sense and timing was spot on.” BEFORE: The home’s “good room”. AFTER: The good room is now part of an open plan living area.While the couple were gallivanting around the Gold Coast with celebrity property expert Andrew Winter, who was showing them potential new properties, Whitaker was converting the dark, brick property into a bright beach house — and the green oven and matching rangehood was his secret weapon.It could have been a risky move, but the Kingston family loved it.“Everyone who comes in loves the green,” Belinda said.“It matches with the stone benchtops, they’re a bit of a grey and could almost be green.” The green stove was risky, but Whitaker was confident with his move.A Queensland couple walked into their completed renovation to find celebrity designer Neale Whitaker spent their money on a $9,000 olive green oven and $3,000 matching rangehood.An olive green oven was the feature of celebrity designer Neale Whitaker’s makeover of a Gold Coast house on a recent episode of Love It or List It.Whitaker took over Belinda and Craig Kingston’s Ashmore house in a bid to get the couple to “love it”. Andrew Winter, Belinda and Craig Kingston, and Neale Whitaker.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:53Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:53 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe top 5 Love It or List It makeovers from season 100:54 AFTER: It’s amazing what a coat of paint, a feature light and more open spaces can do.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoWhitaker told The Courier-Mail sometimes he received feedback from the owners that he was not ready to hear, although this was not one of those times.“They’ll tell you — you’re spending their money,” Whitaker said.“It’s not like we’re giving them the renovation for free, we’re spending their money, … so it’s very important they get what they want.” BEFORE: The room felt very cramped. AFTER: The new kitchen is functional, and great for entertaining guests. read more
According to the same report by CRERDEC,the carrying capacity of the island has also already exceeded. The first recorded constructionmoratorium on Boracay Island was on April 2012 during the time of Malay MayorJohn Yap following the alarm that the massive development in the island couldpose a bigger problem in the future which might be far worse than the coliformissue in 1997. Environment Undersecretary EpimacoDensing III cited a recent study revealing that this world-famous island hasalready exceeded its tourism, population and physical carrying capacity. POPULATION CARRYING CAPACITY PHYSICAL CARRYING CAPACITY Population carrying capacity, it said,is the maximum number of individuals that can be supported sustainably by agiven environment. Comparing the total population carrying capacitywith the current population, there are 15,024 (CLUP) to 15,836 (ProclamationNo. 1064) people in excess on a daily basis in Boracay. The existing populationis 70,781. The number of tourists and localsalready exceeded this allowable number, stated on the report. In a report submitted to Environment SecretaryRoy Cimatu by the Coastal, Resources and Ecotourism Research, Development andExtension Center (CRERDEC), it said that Boracay’s swimming and beach areashave already exceeded the actual tourist arrival per day. Two maps, according to the report,served as the basis for the computation of the physical carrying capacity ofBoracay Island. The first map was digitized from the existing Land Use Map ofMalay (Municipality of Malay CLUP, 2013), which illustrates the zoning ofexisting alienable and disposable lands for residential, commercial, andtourism use. And the second map used was based on Proclamation No. 1064, whichdesignates the areas within the Island for protection purposes (forestlands)and for Alienable and Disposable (A&D), which is in turn overlaid with theCLUP map classification for residential, commercial, and tourism areas. If we will base the carrying capacity on the CLUP Map, the report shows that residential areas exceeded to 4,984 structuressince the allowable residential structure is only 5,266 as against to theexisting structure which is 10,250. For its part, big businesses with lodging and accommodation services alsoposted a number of 430 structures as against to the allowable 292.Meanwhile, those marked as “other business establishments” almost doubled innumber as the allowable number of structure is 1,754 as against the existingstructure of 2,779. A moratorium is a temporary suspension of anactivity or a law until future events warrants lifting the suspension orrelated issues have been resolved. A moratorium maybe imposed by a government or by a business. TOURISM CARRYING CAPACITY BORACAY – Authorities is again mulling theimplementation of moratorium for building construction in thisworld-famous island. Physical carrying capacity is themaximum number of structures and use units that can be built and raised in anavailable area that will not affect the existing environment in its naturalprocesses considering all possible limiting factors. The report cited the allowable number oftourist that can be permitted to enter Boracay per day, which is 6,405 – consideringthat tourists stay an average of three days in the island while its over-alltourism carrying capacity is 19,215 persons per day. The report was submitted on Oct. 24 thisyear by Lawyer Simmonette Lim and Maechelle June Blanca of CRERDEC, a centerunder the Department of Environment and Natural Resources Ecosystems Researchand Development Bureau which coordinates all technological researchesundertaken by the research center. The population carrying capacity,according to the same report, records an excess on a daily basis in the island. According to Densing, the BoracayInter-Agency Task Force will air this concern to the local government unit andsuggest the implementation of a construction moratorium to arrest theprevailing problem. “The Sustainable Accommodation throughFeedback Evaluation (SAFE) Model was employed in calculating the populationcarrying capacity of Boracay Island. The specific area for a particular landuse value for computing Population Carrying Capacity was based from the CLUP ofMalay (2013-2022) and Proclamation No. 1064,” the report said. The computed carrying capacity is 36,542and 35,730 for CLUP and Proclamation No. 1064 respectively. Boracay Island, the country’s main tourism centerpiece, was once again recognized by Conde Nast Traveler in its 2019 Readers’ Choice Awards. The world-famous Island was reopened to visitors in October 2018 after a six-month rehabilitation. GETTY IMAGES However, in a summary of verifiedtourist arrival bound to Boracay Island, Grecil Taunan of the Malay TourismOffice said that the total arrivals from Nov. 1 to Nov. 25, this year, recordedonly a total of 111,290 thereby recording only an average daily arrival of4,452. FAILED MORATORIUM He declared the moratorium on thestrength of Resolution No. 026, series of 2012, due to unabatedcommercialization, uncontrolled migration, and presence of informal settlementsand illegal constructions back then.But due to its “exemption clause”, the moratorium did not seriously bring a positiveeffect on the island. “Boracay is the face of Philippinetourism to the world and we should not allow that the problems of the past willresurface at the expense of this island,” he said on Tuesday during the BoracayInter-Agency Task Force meeting. He iswary that if it remains unacted upon could threaten yet again the environmentof the Boracay. Exempted in the order were the constructionof residential house at owned property, construction with an investment of P20Million and above for outsiders and P5 Million for Malaynons, institutional centers,utilities of infrastructure vital to community and industry, those with pendingapplications for building permits, and those constructions classified as underrenovation and/or expansion within its present vicinity.Observers said that had the moratorium was properly implemented withoutexemptions, it could have spelled the difference and the closure of Boracaycould not have happened. (Noel Cabobos/RadyoTodo/88.5FM) read more
For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps. New Delhi: In many ways, Sandeep Singh’s life typified the struggles of a common Indian in many walks of life. Right from trying to a mark in hockey during his formative days in Shahabad, Kurukshetra to being part of Indian Hockey’s most turbulent decade, Sandeep has always marched ahead. In between, there was an accident which nearly finished Sandeep’s dream but he came back even stronger and proceeded to give India glory. In 2019, with Sandeep joining the Bharatiya Janata Party (BJP) for the upcoming Haryana Assembly Polls, the journey from the hockey field to the political arena has begun.During his young days, he was at the receiving end of some bullying from his coach Kartar Singh. The bullying went to such an extent that he almost gave up the sport for good. However, with his brother Bikramjeet Singh making some strides, he was determined to get the better of his brother. Through sheer determination, Sandeep started making a name for himself. In 2004, after years of hard work, he was selected in the Indian National Hockey team for the Sultan Azlan Shah Hockey tournament in Kuala Lumpur. Rather than the start of glory days, the period and the next couple of years would present the Haryana player with the most toughest days of his life.India finished at the bottom of the table and it was not a good tournament for Sandeep. However, in 2006, his career almost ended. Sandeep was travelling on the Kalka Shatabdi Express to join his team-mates for the World Cup which was to be held in Monchengladbach, Germany. Sandeep was seriously injured after being hit just above the hip bone by an accidental gun shot by a Railway Protection Force officer. For one year, Sandeep was in hospital and his recovery period was incredibly painful.Also Read | FIH Thinking Of India And Pakistan Playing Home And Away Matches In Europe In Olympic QualifiersSandeep’s accident also coincided with the total decline in Indian Hockey’s fortunes. In the 2006 World Cup, India did not win any of their six games. However, they touched rock bottom when they lost 2-0 to England in the World Cup qualifying tournament in Santiago to miss qualification for the 2008 Beijing Olympics. It was the first time in 80 years that India hockey failed to qualify for the Olympics.The events in this period probably moulded Sandeep to achieve greater heights. He worked on his drag flick. During the 2009 to 2010 period, Sandeep’s drag flicks clocked 145 kmph and he was given the nickname Flicker Singh. Such was his efficiency that he was at that time the best drag flicker in hockey. With India Hockey looking to bounce back, Sandeep was handed the captaincy reigns for the 2009 Azlan Shah Hockey Cup, a tournament where he had made his debut.Also Read | India Men’s Hockey Team On Par With Germany, Holland And Australia: Dhanraj PillaySandeep was in prime form as India won against Malaysia and Pakistan while drawing against Egypt and New Zealand. In the final, India faced Malaysia and they won the tournament for the fourth time and first after 13 years. Sandeep scored six goals to lead from the front and was the player of the tournament. India could have had more glory in the 2010 Commonwealth Games in New Delhi but they were hammered 8-0 by Australia to settle for silver.Sandeep’s recovery in the last couple of years, combined with how he changed Indian Hockey’s fortunes made him a stalwart of Indian Hockey. In 2018, to honour Sandeep, a biographical film titled Soorma, starring Diljit Dosanjh and Taapsee Pannu was released. Having conquered many obstacles and achieving glory in hockey, the time is right for the 33-year-old to make a mark in India’s politics. read more
The Lyon Center locker rooms reopened this semester with new lockers that will replace lockers that have been in use for more than 20 years.Let there be light · The main gym on the second floor of the Lyon Center was repainted and had its lights replaced with bulbs that are more energy efficient and are in accordance with current building codes. – Carlo Acenas | Daily TrojanThe renovations over winter break are the beginning of future improvements that will occur at the facility. Additional lockers were added to the second floor of the Lyon Center, said Justine Gilman, senior director of recreational facilities and fitness.“The old lockers had a fair amount of rust and corrosion that formed over the years,” Gilman said. “It was really time to update aspects of the Lyon Center, and we were able to make some long-needed improvements over winter break.”An altered system for assigning lockers has also been adopted this semester to make full use of the recent changes.“For people that had yearlong lockers we reassigned them, and people who want to rent a locker we are assigning them half-length lockers,” Gilman said. “The day-use lockers are separate.”Serenita Kumar, a graduate student studying clinical psychology, said she appreciates the updated lockers but is having difficulty using the one she has been assigned.“The new system makes things easier because people can’t just pick and choose what they want, but unfortunately my locker is a little too high,” Kumar said. “They seem flexible about changing lockers though so I don’t think it will be a problem.”Jimmy Mack, a senior majoring in biological sciences, said the newly installed lockers offer students better protection for their belongings.“The lockers seem more secure because you can’t see into them and look at someone’s possessions,” Mack said.Samantha Chaffin, a sophomore majoring in English and theatre, said the Lyon Center has other consistent problems that should be addressed and repaired.“By the end of the semester, the machines always get run down and messed up,” Chaffin said. “It would be great to invest in new cardio machines because I think some are still broken from last semester.”Lyon Center management is continually renewing equipment and responding to visitor concerns, Gilman said.“We always have an ongoing equipment trade out that should be finished by the end of spring or early summer,” Gilman said. “We also believe that we have resolved the television issues. It was a software issue so hopefully they will all be working in a week or two.”The main gym was also painted and furnished with new lights over the break.“The lights that are installed follow some of the new codes so students can play in a safe environment,” said Arvin Varma, associate director of facilities and youth programs. “Each light is also expected to give us years and years of life, and it is supposed to take less electricity.”The showers will be remodeled in summer 2012, which will continue the expected improvements to the Lyon Center.“It’s a highly used facility so it takes a certain amount of wear and tear,” Gilam said. “We have to continue to upgrade and replace equipment because we want it to be a place where students can feel very comfortable.” Rohan Aurora contributed to this report. read more
The Limerick native claimed a unanimous points win in New York.It was his 39th professional bout.
StumbleUpon The UK Gambling Commission (UKGC) has reminded industry stakeholders of new rules related to alternative dispute resolution (ADR) measures, customer interactions and funding requirements as part of its updated licence conditions & codes of practice (LCCP).The Commission’s latest LCCP changes have been mandated following an open consultation seeking to improve industry standards and operator transparency.Updating stakeholders, the Commission reminds operators that they are required to use only ‘ADR providers’ who have met its ‘additional standards criteria’ and new ‘ADR requirements’.The UKGC has added further ADR requirements to strengthen consistency and reassurance should customers challenge a UK gambling licensee – ADR rules have been implemented from 31 October.In addition, the UKGC reminds incumbents of further requirements on identifying and interacting with customers who are at risk of experiencing gambling harms.Guidance on the changes can be found for remote and non-remote operators on customer interaction – with new rules being enforced from 31 October.Preparing for 2020, the UKGC further reminds licensees of new responsibilities attached to voluntary arrangements for funding of research prevention and treatment, meeting the requirements the LCCP and the target set by the National Strategy to Reduce Gambling Harms in Britain.The change will also support greater transparency of the amounts contributed by gambling businesses over time. Closing its statement the UKGC advises stakeholder to read its consultation response document for the exact wording and a full explanation of the background and nature of these LCCP changes. UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service August 20, 2020 Submit Share UKGC launches fourth National Lottery licence competition August 28, 2020 Share Related Articles Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 read more
Sumner County Care Center is seeking a reliable and caring person who respects the elderly and is a team player for the positions of:â€¢Full time – dietary;â€¢Full time – CNA (first and second shifts available).â€¢Housekeeping/laundry (1-2 days a week and PRN)Potential employees must be able to work some weekends/holidays.Please apply in person at:Â 1600 West 8th, Wellington, Kans. 67152Â between the hours of 8 a.m. and 3 p.m.*Employees should be offered employment, such an offer is contingent on satisfactory results of an employment reference check, background screening and a negative drug test.Sumner County Care Center is an equal opportunity employer.