Category: ziyevidg

UK must offer annuity ‘auto-protection’ to counter DC freedoms

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first_imgJohnson also said the government should fix the annuities market by creating a not-for-profit auction house to automate the process of purchasing an annuity, and ensure savers get the best deal.In the paper, ‘Auto-protection at 55’, Johnson wrote market intervention in the annuities market should be seen as last resort.However, he was scathing of the work done by the Association of British Insurers, the industry’s UK trade body, arguing it excelled at ”doing just enough to keep the show on the road, but not enough to address the main issues at hand”.Johnson put forward several proposals, including the default annuity system, called ‘auto-protection’, and forcing the open annuities auctioning.The paper said most savers approaching retirement preferred a safe income stream in retirement, but the challenge remained to determine the structure of the default system.“Auto-protection would ensure that savers reaching the age of 55 are not left to wallow in indecision when pondering the complexities of decumulation,” Johnson wrote.“To the extent that people went with the default of a pension, preferably deferred, the risk of running out of money before death would be reduced, as would the risks of exposure to pot conversion fraud and moral hazard.”Johnson also said ‘auto-protection’ could be incorporated with collective DC (CDC) schemes, with legislation currently before parliament, to encourage the hedging of an individual’s exposure to longevity risk.“Everyone would be free to opt out of auto-protection to pursue alternatives, consistent with the liberalisations announced in the 2014 Budget,” he added.Johnson also said the UK government would have considerable interest in creating a prudent decumulation framework given the moral hazard of relying on the state after wiping out savings.On the annuities market, Johnson wrote automation of shopping around would change both industry and consumer behaviour.A market place for all annuity providers could see them bid daily on appropriate DC pots, which Johnson said could create pricing tension. Pots could be bundled in order to improve pricing efficiency, which would in turn pool risk.The paper said it was in the national interest to see a properly functioning annuities market, as sub-par annuities also lead to a reliance on the state.It suggested the Treasury could participate in annuity provision which would provide alternative funding to Gilt auctions, an approach that would not be without precedent.Johnson said there was legitimate concerns people may fail to purchase suitable retirement products.“People approaching retirement need to be encouraged to purchase retirement income products that limit downside risks, notably longevity, investment and inflation risks that almost all of us are incapable of managing by ourselves.“However, there is a risk that the guidance service will disappoint,” he said.Other proposals included increasing the age at which savers could access savings to 60, by 2024, much faster than currently planned.The paper also called for the 25% tax-free lump sum to be delayed until 65, or scrapped entirely, but accepted political pressure would be against this.To read about the impact of the Budget freedoms for DC pensions, click here,WebsitesWe are not responsible for the content of external sitesLink to Auto-protection at 55 report by the Centre for Policy Studies The UK’s Centre for Policy Studies (CPS) has called on government to create a default decumulation system for defined contribution (DC) pots to ensure savers overwhelmed by new pensions freedoms do not make poor decisions.The traditionally right-leaning think tank said government intervention in the retirement market was a way to appease both right a left ideologies of liberalism with savings and paternalistic oversight.The paper, written by CPS fellow Michael Johnson, was supported by both Conservative peer Lord Holmes and the Trades Union Congress, the UK union umbrella group. Savers could opt out of the default system, which would lead towards annuities, in order to fully access the freedoms announced in last year’s Budget that come into force in April.last_img read more

Gareth Bale: Tottenham’s chiefs, Real Madrid to hold talks today

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first_img Bale, 30, moved to the Bernabeu from Spurs for a world record £85million fee back in the summer of 2013, but has been far from a first-choice pick for Zinedine Zidane. Loading… Tottenham and Real Madrid will enter talks on Wednesday over a sensational return for Gareth Bale – but the Wales star would have to agree to a massive pay cut.Advertisement He has featured in just 12 LaLiga and three Champions League matches in what has been another injury-plagued season after he fell out with Zidane last summer.Bale came close to a move to China but stayed and was eventually reintegrated into the first team, scoring three goals and contributing two assists this season.But Jose Mourinho is keen on bringing Bale back to north London and the two clubs are set for preliminary talks even though there are many obstacles to overcome.Real would have to be prepared to allow Bale to depart for next to nothing and the player himself would have to agree to a substantial wage cut from his present £600,000-a-week.The Spanish club blocked Bale’s summer move to China when they realised no transfer fee would be forthcoming.Tottenham and Real Madrid are set for talks on Wednesday over a potential return for BaleRead Also: La Liga: Injured Joao Felix to miss Madrid derbyIt is understood that Bale isn’t prepared to take a wage decrease and is contracted to Madrid until 2022.And Bale’s agent Jonathan Barnett has already ruled out the possibility of a loan deal this month.Barnett said last week: ‘He is one of the best players on Earth, why would one of the best players on Earth go somewhere on loan? That is ridiculous.’FacebookTwitterWhatsAppEmail分享 Promoted ContentLook At Something Beautiful That Wasn’t Made By A Human BeingEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayWho Earns More Than Ronaldo?10 Risky Jobs Some Women Do6 Extreme Facts About HurricanesBest & Worst Celebrity Endorsed Games Ever MadeA Rihanna Museum Is Probably Opening SoonCouples Who Celebrated Their Union In A Unique, Unforgettable WayHe Didn’t Agree With His Character Becoming Gay And Quit A Role10 Hyper-Realistic 3D Street Art By OdeithA Little Cafe For Animal Lovers That You Will Never Want To Leavelast_img read more

Youth struck on State Road 101 in Ripley County

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first_imgRipley County, In. — A report from the Ripley County Sheriff’s Department says a 15-year-old juvenile was struck on State Road 101 Wednesday evening around 8:42.Deputies say a 17-year-old from Sunman, was northbound in the 8600 block of State Road 101 when he thought he struck a deer. When he turned around he found the victim on the side of the road. The victim told police he fell into the ditch while walking along the road. When he got back up to the roadway he was struck.The juvenile was treated for non life-threatening injuries.The Ripley County Sheriff’s Department was assisted by Rescue 20, the Sunman Fire Department, Ripley County Medic, Indiana State Police, Milan Police Department and Dearborn County Court Services.last_img

Canada funding new initiative to assist Caribbean countries

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first_imgThe World Bank Director for the Caribbean, Tahseen Sayed, who is attending the weeklong Understanding Risk (UR) Caribbean Conference that is organized by the World Bank, said, “In the face of the growing severity and frequency of extreme weather events, building resilience is the highest priority for the Caribbean nations. With support from the Canada financed facility, the World Bank will work with the country authorities in this collective effort to strengthen preparedness and country capacities to build back better.” BRIDGETOWN, Barbados, CMC – Canada says it will launch a CAD$20 million (One Canada dollar=US$0.74 cents) Canada Caribbean Resilience Facility initiative to help Caribbean countries better prepare for and respond to natural disasters.“This initiative is being undertaken with Canada’s Caribbean support as a direct response to the lessons learned following the devastating hurricanes in the Caribbean in 2017 that have impacted our neighboring countries so severely,” says Marie Legault, High Commissioner of Canada to Barbados and the OECS.The facility, in partnership with the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR), will help countries to strengthen response, recovery, and financial management systems so that governments can be better prepared to respond to and rebuild after disasters, and effectively use emergency funding for post-disaster recovery activities.Following the devastation caused to several Caribbean countries by the hurricanes in 2017, Canada had pledged CAD$100 million to support reconstruction and climate resilience efforts in the Caribbean region over the next five years during the UN-CARICOM High-Level Pledging Conference in November 2017.Canada said that the new facility will support capacity building to accelerate project implementation and develop public financial management systems to respond in case of disasters, with a focus on developing plans and training programs that incorporate gender considerations.The Caribbean Resilience Facility will benefit nine eligible Official Development Assistance (ODA) countries: Antigua and Barbuda, Belize, Dominica, Grenada, Guyana, Jamaica, St. Lucia, St. Vincent and the Grenadines, and Suriname.“The Facility will address an implementation deficit mainly caused by a capacity gap in Saint Lucia and across the Caribbean. To achieve the resilience we aim in the Caribbean, it is critical to expedite the implementation of recovery, reconstruction and resilience building projects,” said Cointha Thomas, Permanent Secretary in the Ministry of Finance in St. Lucia.The World Bank Director for the Caribbean, Tahseen Sayed, who is attending the weeklong Understanding Risk (UR) Caribbean Conference that is organized by the World Bank in partnership with the Barbados government, the Caribbean Disaster Emergency Management Agency (CDEMA) and the European Union (EU), said “in the face of the growing severity and frequency of extreme weather events, building resilience is the highest priority for the Caribbean nations.“With support from the Canada financed facility, the World Bank will work with the country authorities in this collective effort to strengthen preparedness and country capacities to build back better,” she added.last_img read more

McDan tennis takes off in grand style

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first_imgThe second edition of the annual McDan Open championship takes off today after a successful qualifiers last weekend.The country’s tennis governing body, Ghana Tennis Federation (GTF) has hinted that the main draw of the competition begins today at the Accra Stadium Tennis Court.Close to 100 participants are expected in the five day tennis fiesta which has doubled the prize moneys dole out by title sponsor McDan Group of Companies in all categories.Executive Chairman of the McDan Group of Companies, Daniel McKorley has said ahead of the competition that: “All of us can’t support football or boxing, we realized the country is blessed with more sporting talents, and as a tennis fun, we decided to support tennis.“Besides we considering it as part of our Corporate Social Responsibility program, we see it as providing a great platform foe the the participants to showcase their God given talents.“We hope the competition will grow as the years roll by. It is the reason we have doubled the prize moneys so the level of competition will move a step ahead. “ Next year, we will extent this to the West African sub region and we want our players to overcome all the opposition from the likes of Togo Cote d’Ivoire andBurkina Faso who also do very well in tennis.”The five-day tourney which will end on Saturday is being sponsored by the McDan Group and supported by The Ghana Tennis Federation (GTF), AfWest Security, Automedics, Babolat and the Platinum Sports Channel.last_img read more

WHS Daily Bulletin: 2016-17 Madigrals announced

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first_imgSubmitted to Sumner Newscow — Today’s Wellington High School bulletin for Tuesday, May 10, 2016:Tuesday•Senior Finals – 1, 2, 3, 4.•Choir Concert, 6:30 p.m.WednesdayThursday•Track at Mulvane.•All School assembly, 2:15 p.m.•Class Night, 7 p.m.Friday•State tennis at Topeka.•Finals 1, 2.Sunday•Graduation, 2 p.m.Monday’s lunch — Pancakes with Syrup, Sausage Links, Tri Tater, Juice, Mixed Fruit and Milk.Tuesday’s lunch — Hamburger with Bun, Shredded Lettuce, Wedge Potatoes, Green Beans, Peaches, Apple Crisp and Milk.Today’s News: * It’s not too late to sign up for the Spain 2017 Trip! If you are interested please stop by and visit with Mrs. Groom before you leave for the summer. The sooner you sign up, the lower your payments!*Congratulations to the 2016-2017 WHS Madrigals:Sam Plumb, Chloe Easterly, Tristan Barragan, BayLee Pacchelli, Mariah Grable, Mariah Pruitt, Kayla Prickett, Cameron Gardner, Quinn McCue, Matt Sinnett, Jayden King, Mason Lough, Jacob Friesen and Jacob Michaelis.*The finals schedule is as follows:Friday  May 13th- Normal Schedule 1-4 Students not taking finals may leave after 4th hour.Lunch  11:22 – 11:471st      11:52 – 1:332nd       1:38 – 3:10Monday  May 16th 3rd        7:55 – 9:354th        9:40 – 11:17Lunch   11:22 – 11:475th        11:52 -1:336th        1:38  – 3:10Tuesday May 17th7th      7:55 – 9:358th      9:40 – 11:00*Walk a Mile in My Shoes will be held at Lions Club Park on Saturday, May 14th from 9 am until noon. Please come walk to raise awareness for sexism and discrimination. T-shirts are available. Order forms are in the office.*Seniors: If you would like a portrait other than your regular school picture in the yearbook please email them to Ms. Ford ASAP (ktford@usd353.com) Pictures must have a plain background and must be a portrait style photo. No full body pictures or pictures of you outside.Today is National…National Shrimp Day.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more

Friday May 15th Local Sports

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first_imgTHIS WEEKEND ON KGLO SPORTS CLASSICS:Friday at 7:00 PM — 1991 World Series Game 3 — Minnesota vs. Atlanta Saturday at 12:00 PM — Iowa Football vs. Penn State from November 2000 Saturday at 7:00 PM — 1991 World Series Game 4 — Minnesota vs. AtlantaSunday at 7:00 PM — 1991 World Series Game 5 — Minnesota vs. Atlanta NEW YORK (AP) — Major League Baseball players want to look at the owners’ books.A person familiar with the request told The Associated Press that lawyers for the baseball players’ union asked MLB to submit a slew of financial documents that detail the industry’s finances.Baseball owners on Monday approved a proposal that could lead to the coronavirus-delayed season starting around the Fourth of July with a regular-season schedule of about 82 games. Owners also gave the go-ahead to propose basing players’ salaries on a 50-50 revenue split, which the union says is a salary cap and a framework that players will never accept.The type of financial disclosure the union asked for is more common during overall collective bargaining talks.Commissioner Rob Manfred is confident of reaching a deal with players. He also told CNN on Thursday that he’s hopeful the season can begin, saying they are making plans to play in empty ballparks. MASON CITY — The online wrestling publication The Predicament has released its 2020 Academic All-State team, with six wrestlers from our listening area making the list:== Among the first-team members were seniors Cullan Schriever of Mason City High and Joe Sullivan of Osage. Schriever went 16-0 in his senior season, capturing his third state title by winning the Class 3A 126 pound championship. Sullivan had a record of 52-5 and placed third at 126 pounds, helping lead Osage to the Class 2A traditional state championship.== Reece Moore of Forest City was named to the second team. The sophomore was 47-4 and placed third at 182 pounds in Class 2A== Making the honorable mention list were Mason City High sophomore Jace Rhodes, Osage senior Ryan Adams and Hampton-Dumont-CAL sophomore Carl Barkema. Rhodes went 38-9 this past season and placed fifth at 113 pounds in Class 3A. Adams went 40-17 this season and was a state qualifier. Barkema placed eighth at 132 pounds in Class 2A, finishing with a record of 43-12.last_img read more

Overtime…Can Knicks serve the upset?

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first_imgNew York Knicks head coach Mike Woodson gives Carmelo Anthony instruction in the second half of Game 2 of their NBA basketball playoff series in the Eastern Conference semifinals against the Indiana Pacers at Madison Square Garden in New York, May 7. The Knicks won 105-79. (AP Photo/Mary Altaffer):10 I’ve put it off as long as I can cause I just can’t stand the pain, but here’s the final rundown for the NBA playoffs.  In the East, it’s sad, but true, I’ve got Miami beating New York…but…but…but New York could serve the upset???  In the West, I predict San Antonio steals it from OKC and this You Can Take To The Bank.  San Antonio will beat Miami for the crown!  All hail the King …the King will be dead…King James that is.:09 I know ya’ll don’t think I know this stuff, but I am a well rounded sports writer with serious skills. “ORB” won the Kentucky Derby…what?…what?:08 All the best to former Notre Dame basketball coach and ESPN analyst Digger Phelps as he fights bladder cancer. Phelps underwent surgery last month and says he’s in the fight to win it. Thanks to the “Ice Man” Dwight “D.C.” Clay and the legend that was “The Silver Streak” I had the pleasure of meeting Coach Phelps at his home of the Fighting  Irish about 25 years go.  Best road trip ever.  “Nobody Me” got to hoop with D.C. and the other Irish legends during a grand reunion weekend.  Adrian Dantley, Duck Williams and the fellas in Knucke Rockney Gym.  All was good till I broke my foot. The rest is no history at all. Reminder Note: The Iceman is the owner of the greatest shot in NCAA history to snap UCLA 88 game win streak.:07 In case you haven’t been paying attention, Serena Williams is the #1 tennis player in the world once again.  But the season is young and she will be pushed by #2 ranked Maria Sharapova. Oh shut up and just listen to what I tell ya.:06 Yea, Mayweather won the fight. Unanimous decision over Robert Guerrero as a matter of fact. Although I thought Floyd would have been tested more, it just shows you how good Mayweather really is. He’s head and shoulders above the rest. But the real fight is yet to come cause Guerrero’s dad told Mayweather’s dad he was gonna kick his xxx!  Floyd Sr. and Ruben Guerrero…book that fight!:05 I ran into Good Brother Jim Clancy down at the Consol Arena.  He’s one of the keeper’s of the castle.  Hey, Jim keep reading man I need all the support I can get to beat those     pretenders at the Post and Trib.  Jim, you’re now in the Locker Room. Get your gear and suit up man!:04 Jason Collins is a Black gay basketball player…OK.  Back to the game!:03 OK, so you haven’t been to Ray’s Barber Shop in Penn Hills next to the Lawn and Garden Center?  C’mon man, “It’s all about you!” So that means you haven’t been downstairs to the sweetest joint in town, “CCM” aka Creamy Creations and more.  Let me tell ya this, their stuff is good. I mean put on your new white PF Flyer sneakers and don’t get um dirty good. What ya’ll waiting on? Get there. And please, don’t tell Stephan Broadus I gave them free P.R. You know how he is about that!:02 Speaking of the Locker Room, my Jamaican brother Steve Miller is a Starbucks cat and reader of Overtime.  Yea mon…you’re now in the Locker Room you lazy bum mon! Hey what kind of Jamaican name is Steve Miller?  I thought that was a Rock & Roll band…Steve, welcome home.:01 Ya’ll know the new cameras in Homewood ain’t just only for guns and shooters don’t  ya?  You—Down—With—OPP?  I am just saying.:00 Double Overtime—At the Buzzer.  HHHHEEEERRRREEEE WE GO. Saturday, May 11, Ms. Rita Gregory and Champion Enterprises bring you the 38th Mother’s Day/Celebrating Women Awards, Fashion Show and luncheon starring the fashion legend Ms. Debbie Norrell—2-5 p.m.—St. James AME Church – tickets $30 in advance, $35 at the door.  If there are any left – fashions by “cache”—call 412-628-4856 for info—you keep saying you don’t know, well here.  The next and best Harlem Nights Old School Par-tay is coming Friday, May 31—3 Lakes Golf Course—8-1 p.m.—the line dance master Roland Ford will be there—music by the legend Sly Jock—free parking – cash bar—cash kitchen till 11 p.m.—50/50—best dressed man and woman—cash prize—the Corvett Club and their cars will be out on display and yes, it’s dress to impress—this is the big one to kick off Memorial weekend and the summer—we need ya’ll on this one. It raises money for the 38th Annual Connie Hawkins Youth Development Summer Basketball League. Starting June 15 at the Penn Hills YMCA—come out and meet former world heavyweight kickboxing champion Jacquet Bazemore and WISH light heavyweight champion Rayco “War” Saunders Weil as he gets ready for his title fight—remember, don’t miss the Spring Cabaret brought to you by “Happy Feelings” and my man former Penn Hills football star, Kenny Lewis, Saturday, May 18, 8 p.m.–2 a.m.–The Moose Lodge, 120 51st Street in Lawrenceville.  Call 412-512-9873 for more info. It’s a BYOB affair with a bar as well…say what!?!~ GAME  OVER ~last_img read more

“Hi, I’m Iker Casillas and here is my phone number”

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first_imgThe presidents of the Territorial Federations are of great importance in the election of the president of the Federation, since it is a collective that dominates between eighty and ninety votes of the 139 that make up the Assembly. More than is needed to win the elections. Of the 19 ‘barons’, only one is against Luis Rubiales, the president of Madrid. The rest have positioned themselves in favor of the current president. Casillas will have to work hard and well this fishing ground if he wants to have options to win Luis Rubiales, who dominated the group in the elections that beat Larrea two years ago. Iker Casillas is already in campaign. The candidate for the presidency of the Federation (RFEF) has sent this Monday a message via WhatsApp to the 19 presidents of the Territorials to communicate your decision to stand for election: “Hi, I’m Iker Casillas. I want you to know for me, first hand, that I will stand for the RFEF elections. Here is my phone number for what you need. We will have the opportunity to speak personally, “says the message from Iker Casillas.” I do not know Casillas personally and I have never had his mobile number, but I think it’s a detail on your part“said one of the territorial presidents on whom the weight of the election of president of the Federation falls.last_img read more

No faith in basketball association

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first_imgSome major players in local basketball have expressed grave disappointment in Mark Broomfield’s administration after a year in office.Urban Knights’ Gordon Porter and Pete Matthews of Runnin Rebels say basketball is in its worst state in 10 years and that there is no confidence in the administration and its president to attract sponsorship or support of any kind.Porter and Matthews highlighted declines in the sport and the implications of not having a top-flight tournament. The National Basketball League (NBL) will have been out of commission for three seasons this August.Both agreed there is no faith in the administration and its leadership but are willing to give Broomfield time before they consider a no-confidence vote, though they insist that something needs to happen fast.”The major problem the association faces is negative perception. Corporate Jamaica has no confidence in the leadership, and it’s pertaining to what happened in the previous administration, so the present administration is having a hard time convincing the corporate sector to come on board.”As a consequence, the NBL has not restarted, and it is causing other problems because top players are not able to compete at the highest level. Players have not played in two years, others are playing in the lower leagues, and it’s creating all sorts of issues as it’s filtering over to other competitions and it has serious implications for basketball,” he reasoned.The general lack of sponsorship and a flagship tournament are having a dire impact on the sport’s development, said Matthews, who believes that they might have to revamp from the grass-roots level.NO SPONSORSHIP”There is absolutely no sponsorship, and the present administration cannot garner any money, so we don’t know what is going to happen. I can wholeheartedly say I have no confidence in the administration.”We have players sitting down three years, getting fat, players who were coming along, and now there is no top-level league for them to compete in because corporate Jamaica has no confidence in the association, so we are wondering what is going to happen to basketball,” he insisted.Broomfield said that the accusations are not entirely true and insisted that they are slowly trying to rebuild corporate Jamaica’s confidence, but it’s taking time.”How do you gain confidence? To rebuild a sport that has sustained certain damage requires more than a sponsor. I am one hundred per cent sure the corporate community doesn’t question my integrity. Our annual financial statements for 2013-2014 are out and our books are open for those who want to look. That is the only way we can regain confidence. We have to rebrand what we have in this tight economic space, and it requires sacrifice,” he said.last_img read more