Alecta returns 11% on back of rising Swedish, European equities

first_imgSwedish occupational pensions provider Alecta has reported a steep increase in investment returns in the first quarter, driven in particular by its focus on Swedish and European equities.The return on defined contribution pensions, Alecta’s Optimal Pension product, rose to 11.1% in the January to March period, from 3.1% in the same period last year.Meanwhile, defined benefit pensions returned 7.8%, up from 2.8% in the first quarter of 2014.Per Frennberg, CIO, told IPE: “Our portfolio did well this quarter, and, market-wise, we are focused more on Europe and Sweden than others.” Equity performance had been in the right place, with listed equities generating a return of 15.3% between the beginning of January and the end of March.Fixed income performed well over the three-month period as well, Frennberg said.He added that Alecta was satisfied with its low cost level.Group management costs on a rolling 12-month basis fell to 0.10% from 0.12%, it reported.“The portfolio is fully active, even across fixed income, and we do that in-house at very low cost – and, so far, with very good returns,” Frennberg said.He said costs could be kept low because of the economies of scale possible with the high level of capital Alecta manages.Rather than add more staff as the value of the portfolio grows, the organisation has opted to keep relative costs low.The group solvency ratio was unchanged at 164, while collective funding for defined benefit pensions rose to 148 from 147.Alecta had group assets under management of SEK682bn (€73.4bn) at the end of last year.last_img read more

Further French IORP vehicle on the cards as Austerlitz seeks switch

first_imgThe vehicles were introduced by a 2016 law known as “loi Sapin”, and are subject to a regulatory framework combining elements of the IORP Directive and Solvency II, but not the latter’s capital charges and other financial requirements.Institution de Prévoyance Austerlitz delivers supplementary pension plans for former employees of three lenders: Crédit National, Banque Française du Commerce Extérieur (BFCE), and Credit d’Equipement des PME (CEPME). The plans are closed. One of France’s provident institutions is looking to take on pension fund status, having requested formal authorisation as an “institution de retraite professionelle supplémentaire (IRPS).  ACPR, the supervisor for the banking and insurance sectors in France, published an official notice about the request – from Institution de Prévoyance Austerlitz – yesterday, with creditors having two months to register views on the draft authorisation.   Institution de Prévoyance Austerlitz is planning to change its name to Institution Austerlitz in connection with the transformation into an IRPS, a new type of occupational pensions vehicle.Approval would take to four the number of these vehicles being lined up in France, following moves by insurance entities Aviva and Malakoff-Médéric last year, and Sacra this year.last_img read more

Stolen car recovered 22 years later

first_imgIt was February 1993 when 23-year-old Derrick Goosen first got behind the wheels of his Toyota Corolla 1.6 GL. The young man from Wonderboom South in Pretoria would however enjoy his new ride only for a short while. One day in October that year, Goosen discovered that his pride and joy was gone. He immediately rushed to the Moot police station to report his car stolen.With no insurance for the car, his only hope was for the car to be recovered so he could get his wheels back. But that was not to be the case. Days turned into months, months into years, and years into decades with no sign of the car.“At the time I did not have insurance for the car and after reporting it [stolen], I never heard anything about it,” said Goosen, who currently lives in Centurion.Twenty-two years later, Goosen received a call that would reunite him with his prized possession. Through the dedication, hard work and perseverance of Warrant Officer Kwakwa Ntokola from the Seshego Vehicle tracking unit in Limpopo, Goosen has his car back.“Three weeks ago, I received a call from officer Ntokola from the vehicle theft unit to ask if I was driving such a car back then. Old memories came back and we started the process of fetching the car,” he said.last_img read more

Independence Street bus stop removed effective Friday

first_img 52 Views   no discussions LocalNews Independence Street bus stop removed effective Friday by: – May 31, 2012 Sharing is caring! Share Tweetcenter_img Share Share As of tomorrow, May 31st, 2012 bus drivers will not be allowed to access the Independence Street bus stop as it will be removed in an effort to deal with the traffic congestion within the City of Roseau.Police chief Cyril Carette expressed concern at a news conference earlier this month stating that bus drivers do not adhere to traffic rules and regulations and this is a contributing factor to the congestion.“For a while now we have been experiencing traffic congestion on Independence Street and we just realize that bus drivers have been stopping and parking on Independence Street in a willy-nilly fashion and we need to regulate traffic in the city of Roseau”.To solve this issue of traffic congestion the Traffic Department decided to remove that bus stop.“In order to alleviate traffic congestion on Independence Street we are from the 31st of this month moving the bus drop off point to the bus stop on Independence Street between the E. C Loblack Bridge and the Great George Street Bridge getting out of Roseau,” Carette said.Therefore, as of tomorrow, should any bus driver is found violating this traffic violation they will be charged $75.00.Police spokesman inspector John Carbon noted that there should not be an issue for space as bus drivers should only use that area to drop off or collect passengers and move on. “If they would stop at the E C Loblack stand and drop off their passengers and move out there will not be an issue for space”. Head of the Traffic Department, inspector Patrickson Albert explained that temporary signs will be erected this evening and police officers will be available to guide drivers tomorrow morning.“Drivers will not be able to make a right turn into the Pizza Palace area to access the Canefield/Mahaut/Massacre/Jimmit bus stop as there will be a “No Entry” sign placed there.They will be able to access that bus stand by making a right turn from the E. C. Loblack Bridge as well however they will not be able to exit through that area which was formally a two-way street”.Albert also informed that he met with the members and executive of the Mahaut, Massacre, Jimmit, and Canefield Bus Drivers Association to give them an opportunity to voice their concerns.“We met with them to hear what their concerns are and they are in agreement with these changes. They have given the commitment for us to work together to solve the problems”.The bus drivers of the Canefield, Mahaut, Massacre and Jimmit villages who use this bus stand on a daily basis expressed outrage when this announcement was made and formed an association.President of that Association Ronald Francis now seems pleased with the changes.“The space is small yes, but we just have to try and understand the situation and work together. We will be having a meeting tonight so the executive will meet with the members so we can inform the members of the new routes”.Bus drivers are also asked to take note that the Cork Street bus stop also remains un-operational so they can only collect and drop off passengers between the two bridges.Dominica Vibes Newslast_img read more

October 23, 2018 Police Blotter

first_imgOctober 23, 2018 Police Blotter102318 Decatur county EMS Report102318 Decatur County Law Report102318 Decatur County Fire Report102318 Decatur County Jail Report102318 Batesville police Blotterlast_img

Justice Brothers/Gillund car care awards go to Speed Shift TV Dirt Knights Tour winners

first_imgThis is the fourth season Dirt Knights drivers receive JB/Gillund awards. Information about the JB brand is available at the www.justicebrothers.com website and on Facebook.  “We are gearing up for a very busy IMCA Speed Shift TV Dirt Knights Tour and the great folks at Gillund Enterprises are doing the same,” IMCA Marketing Director Kevin Yoder commented. “Having Justice Brothers products in victory lane has been something we’ve been able to do in some capacity for over two decades and they’ll be there again in 2020.” Feature winners during the 11th annual tour for IMCA Modifieds receive car care packages, to be presented in victory lane. Gillund Enterprises, located in Eden Prairie, Minn., and a 24-year IMCA sponsor distributes Justice Brothers Car Care products manufactured for high-performance, com­mercial vehicles, agricultural and industrial applications. Justice Brothers products are sold by various automotive parts retailers throughout the Midwest.  EDEN PRAIRIE, Minn. – Nearing another IMCA sponsorship milestone, Justice Brothers and Gillund Enterprises renew awards for Speed Shift TV Dirt Knights Tour competitors. last_img read more

IMCA Modifieds, Northern SportMods new at North Central Speedway in 2015

first_imgBRAINERD, Minn. – Saturday night race programs at North Central Speedway feature two IMCA sanctioned divisions beginning next season.Both the IMCA Xtreme Motor Sports Modifieds and Karl Chevrolet Northern SportMods join weekly shows at the 1/3-mile, D-shaped dirt speedplant near Brainerd.“What drew our attention to IMCA was the support they give, from the president on down, to their tracks. They want us to succeed,” said K.T. Torbert, promoter of the Cliff Sasker-owned venue for the past four years. “There’s definitely a different feel in sanctioning bodies. IMCA wants to work with us.” In all, seven classes of race cars will run Saturdays at Brainerd beginning on April 25. The point season continues through the Saturday and Sunday, Sept. 5 and 6 Mighty Axe special. “The IMCA Modifieds and Northern SportMods are divisions our drivers can easily transition to,” noted Torbert. “Everybody likes the Modifieds. They’re a thriller.”“SportMods give drivers the ability to move up and not break the bank,” she continued. “You don’t have to have a gazillion sponsors to do it.” Built in the mid-1950s, North Central Speedway boasts grandstand seating for 7,000, 31 enclosed suites, half of them with deck space, and a tailgating area on the backstretch. Modified points earned at NCS will figure toward Belleville Motorsports North Central Region standings.last_img read more

Wildcats CC Results At Richmond

first_imgThe Franklin County Girls Cross Country team had another successful meet on IU East’s rolling cross country course.Junior, Lauren Kelley, placed 3rd with an impressive time of 21 minutes even. Just missing the top ten by 10 seconds, senior, Katelyn Meyer, placed 11th, with a time of 23:28. Junior, Josie Selm, finished 26th, with a time of 26:10. This is over 3 minutes faster than her time last year on the same course. Sophomore, Katherine Apsley, was only 14 seconds behind Josie, with a time of 26:24.The Wildcat Girls continue to be competitive as they enter the start of the 2019 season.The competition was fierce at the Richmond Invitational, which took place on IU East’s Cross Country course.Even though they ran faster, collectively, than last year, they couldn’t get a runner in a top 25 spot. Junior, Drew Grant, was the top finisher for Franklin County, with a time of 19:26. Sophomore, Ben Maze, was close behind with a time of 19:41. The next three finishers were newcomers to the sport. Senior, Harvey Marshall, and freshmen, Hunter and Harmon Marshall, rounded out the top 5 Wildcat spots. After coming off an injury, Kyle Seibert finished in the 6th spot, with a time of 21:48. Sophomore, Eric Schwab was close behind Kyle, with a time of 21:59.The Wildcat Boys put in great performance against some large schools with large teams.Courtesy of Wildcats Coach Stacey Nobbe.last_img read more

La Liga backs Barca over Messi dispute

first_imgRelatedPosts Suarez agrees Atletico terms Messi wins court case against cycling company over logo David Silva recovers from COVID-19 LaLiga has sided with Barcelona in their ongoing contract dispute with wantaway forward Lionel Messi, who did not arrive for his scheduled COVID-19 test with the club on Sunday.The 33-year-old told Barcelona chiefs on Tuesday evening that he wishes to leave the Nou Camp, believing he has a clause in his contract that would allow him to walk away for free. Barcelona dispute that claim, with reports suggesting the clause expired earlier in the summer.With the issue likely to rumble on, LaLiga issued a statement on Sunday morning insisting they would only recognise Messi’s exit if his release clause – believed to be in the region of £625 million – is paid.“In compliance with the applicable regulations, and following the corresponding procedure in these cases, LaLiga will not carry out the prior visa process for the player to be removed from the federation if they have not previously paid the amount of said clause,” their statement read.The PA news agency understands Messi opted against taking a routine coronavirus check ahead of Barcelona’s pre-season training schedule on Monday.Messi’s refusal to take the test means he would not be cleared to link up with his teammates as new Barca boss Ronald Koeman looks to work with his squad for the first time. Messi was part of the Barcelona side that was thrashed 8-2 by Bayern Munich in the Champions League semi-final but has now been strongly linked with a move to the Premier League with Manchester City to work under former manager Pep Guardiola.With ongoing disagreements over the validity of the reported clause in his deal, it is likely that there will be no quick outcome.Barcelona’s sporting director Ramon Planes said earlier in the week that the LaLiga giants will “count on Messi for the future” despite the apparent wish of the player to leave a club he has been associated with since the age of 13.Tags: BarcelonalaligaMessilast_img read more

Moth states case for Classics

first_img The Ballydoyle trainer said: “She did it well. We thought she was nice last year, but she got beat a few times. I was giving the wrong instructions and instead of making use of her she should have been held up. “She’s able to change gears. It was a slow run race and she came from behind, which I imagine wouldn’t have suited. She quickened up well. She could go for a trial or head straight to Newmarket for the Guineas. It depends on what happens.” Stan James gave Moth a 16-1 quote for the 1000 Guineas, for which she would need to be supplemented O’Brien also reported his colts on course for the 2000 Guineas at Newmarket. “The wheels are still on,” he said. “Mars is still going that way and I’m very happy with Cristoforo Colombo. We also have George Vancouver and Pedro The Great and they are all still standing so far.” There will be more to look forward to for the Ballydoyle team with Duke Of Marmalade’s half-brother Ruler Of The World (2-1), who picked off the positively-ridden Manalapan in the Irish Stallion Farms EBF Maiden on his racecourse debut. O’Brien said: “I’m delighted with that horse. He had a few little setbacks and that’s why he didn’t run at two. He’s lazy and he just does what he has to. We’ll step him up gradually. He’ll go for a conditions race next and we’ll go gently with him. He’s a lovely horse, a sleepy horse, and there could be anything in there.” Aidan O’Brien’s three-year-old Moth looked every inch a Classic-bound filly as she made her seasonal bow a winning one in the Cancer Clinic Reasearch Trust EBF Fillies Maiden at the Curragh. An exquisitely bred and well-built daughter of Galileo, Moth (11-8 favourite) had been the market leader in both her late-season starts last year, looking a little too inexperienced to get off the mark, but she holds entries in the Irish 1000 Guineas and Investec Oaks. She travelled in behind under a very confident Joseph O’Brien and when switched wide for her run, her acceleration was dramatic and impressive as she galloped clear to score by four and a half lengths from Wannabe Better. center_img Press Associationlast_img read more