Commenting on the hire, a spokesman for RPMI said: “We are delighted Tony Guida has joined RPMI to boost the internal research capacity within our alternative risk premia (ARP) team.”The hire comes after RPMI overhauled its investment strategy and established a dedicated ARP team in the wake of its investment transformation programme, launched in 2013.The spokesman noted that ARPs would be a “core element” of its new approach to investment.The shift to ARPs came after the manager examined the cost associated with active management.Steve Artingstall, investment manager at RPMI, told IPE in March RPMI would consider it a “good outcome” if it achieved 80% of the benefit at 20% of the cost.He added: “Active managers would need to persuade us that more than 80% of the excess return they generate is not replicable systematically and cheaply.” RPMI has boosted its internal research capacity, hiring a former Unigestion portfolio analyst as part of its alternative risk premia team.Tony Guida joined RPMI Railpen, manager for the UK’s £21bn (€28.9bn) Railways Pension Scheme, this month after spending nearly a year at ERI Scientific Beta, the Nice-based smart beta platform launched by the EDHEC-Risk Institute in 2013.Prior to joining the EDHEC venture, where he was senior consultant, Guida spent nearly eight years at Unigestion in Geneva, initially as senior vice-president and portfolio analyst.He later also took on responsibility for research projects.
BT employees have voted in favour of changes to their pension arrangements, according to workers’ union Prospect.The telecoms giant – which is wrestling with a £9bn (€10.2bn) deficit in its defined benefit pension scheme – will close the BT Pension Scheme (BTPS) to future accrual in April, with all members’ contributions moving to the BT Retirement Saving Scheme (BTRSS), a defined contribution plan.According to Prospect, its members voted to accept a pay increase of 1-2% combined with “transitional payments” for those affected by the closure of BTPS. Existing members of BTRSS will also receive an increase in contributions from the employer.Discussions between Prospect and BT are ongoing, but the union’s national secretary Philippa Childs said the ballot had given Prospect “a mandate on which to reach a final agreement with BT”. “We recognise that this has been a difficult and painful decision for those who are currently members of the BTPS,” Childs added. “However, the improvements we have negotiated and the transition arrangements will soften the blow for those having to move. Those who are already in the BTRSS, because they joined BT after 2001, will also see improvements.”Separately, BTPS has terminated a contract with its administrator, Accenture, and plans to bring the function in house. In a statement, the scheme said the two parties would work on the transition through 2018.Committee extends CDC consultationThe Work and Pensions Committee has extended the deadline for its consultation on collective defined contribution (CDC) schemes until the end of January.The committee – a cross-party of MPs from the UK’s lower house of parliament – launched an inquiry into the CDC structure late last year. Written responses will be accepted until 31 January.According to the committee, MPs want to understand the benefits and challenges of different collective models, in particular the structure used in the Netherlands.However, research by the Pensions Management Institute found that more than half of industry professionals believed CDC was not a solution for underfunded DB schemes. In additon, two thirds ranked a general lack of understanding of the structure as their biggest concern regarding the possible introduction of CDC.Only a third (36%) of the 99 professionals surveyed said the structure would lead to higher retirement incomes.PMI president Robert Branagh said: “Our results show that while there is an appetite for CDC in the UK, it is not seen as a panacea for stressed DB schemes.“Ultimately, whether CDC-style arrangements could work would be a question of political will. Supporters focus on the success of the model in other countries and argue that the system combines the more desirable characteristics of traditional DB and DC arrangements. Opponents are concerned about aspects of inter-generational risk sharing in particular.“The government must take care in assessing the evidence and distinguish properly between genuinely informed comment and simple vested commercial interest.”Consultancy firm Cardano argued in its response to the committee that “introducing CDC will add further regulatory complexity at a time when UK pensions would benefit from simplification”.The Anglo-Dutch company warned that, despite the model being firmly embedded in the Netherlands’ pension system, many savers still did not understand that their pensions were not guaranteed.Ralph Frank, co-head of Cardano’s DC business, said: “[CDC] schemes are complex and more expensive to run than traditional DC and, if anything, are likely to result in less assets being available to members as a result. Setting income levels equitably can also be very challenging. We would strongly caution against ‘going Dutch’.”Independent trustee firm rolls out cost transparency toolPTL, provider of independent trustee services to UK pension schemes, has launched a tool designed to shed light on asset managers’ transaction costs and “slippage” costs.The Clear Funds service will allow PTL to provide independent reports to asset managers that can then be shared with pension fund clients, said managing director Richard Butcher. New regulations such as MiFID II would help disclosure efforts, Butcher said, but trustees still required a way of analysing and understanding the data they received.“This will save trustees and independent governance committees [IGCs], asset managers and intermediaries time, work and, therefore, money,” he added.Trustee boards and IGCs for defined contribution funds have been obliged to assess value for money of service providers since 2016. Butcher – who is also chair of the pension fund trade body the PLSA – argued that they had so far been unable to do this, “and, frankly, this hasn’t helped the pension industry to demonstrate that they are delivering good member outcomes”.While Butcher claimed PTL’s new tool would be a “game changer”, the company is not the first to attempt to improve disclosure efforts.Custodian KAS Bank launched a cost transparency “dashboard” tool last summer, and the Local Government Pension Scheme introduced a template for the full disclosure of asset management costs that has already brought to light significant costs that were previously undisclosed.These two projects aim to catch all costs related to asset management, while PTL’s Clear Funds is focused specifically on transaction charges.
The Tamborine Mountain house at 2 Slingsby Rd is up for grabs.Ever felt the urge to leave the hustle and bustle of city life behind and live in a secluded cottage?Now is your chance with a charming Tamborine Mountain house hitting the market.Surrounded by lush greenery on a 1.67ha block, the three-bedroom house offers a quiet retreat for those looking for a more peaceful lifestyle.Kollosche agent Josh Mana, who is marketing the residence at $1.25 million, said it was a lifestyle property. MORE NEWS: House sells a day after hitting the market Its undercover deck is a standout feature.Mr Mana said the vendors were using the property as a weekender, primarily for the equine facilities.“Their children are into horses so it was just perfect from that point of view,” he said.They have decided to sell as they weren’t visiting as often as they would have liked.Property records show the house has been on the market since July, with Mr Mana taking over the marketing this month.“I’ve had quite a few phone calls, people have come from all over to look at it on the weekend,” he said.It last sold in April 2016 for $885,000, according to property records. It also has a range of equine facilities. It has a quaint cottage vibe with many original features. The vendors have freshened it up over the years.“Once you’re on the property, you’re completely in your own private oasis,” he said.“And the feeling of the home – it’s got the charm of a little cottage.“If somebody wants to put another cottage at the back (of the property) … it’s really flexible because it has double access as well.”He said the vendors had given the house a fresh lick of paint to breathe new life into it but maintained its original character in stained glass windows, ornate ceilings, timber floors and panelled walls.The main living areas are on the top floor, including the lounge room, dining area and kitchen as well as the three bedrooms, which share a bathroom,A covered patio and sunroom on either side of the house are standout features.Downstairs is dedicated to a living area with a bathroom and laundry.The property also has two horse paddocks, stables and a dressage arena as well as an inground trampoline. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:35Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:35 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p180p180pAutoA, 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 Rate1xFullscreenFive things to consider when buying into a regional area01:35More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago MORE NEWS: Fun feature will make the best pool parties
Acta Marine’s new walk-to-work vessel Acta Centaurus was christened in Den Helder in the Netherlands on Wednesday, 22 May.Source: DHSSFollowing the ceremony, Acta Centaurus will head to Eemshaven to mobilize for its first offshore wind assignment.According to DHSS, MHI Vestas contracted the vessel for the coming work on the Deutsche Bucht wind farm in the German North Sea.Acta Centaurus has a 3,200t load capacity, a 6m draft, and can provide accommodation for up to 120 persons.The 93m long vessel is also equipped with a hybrid battery pack, hull designs X-BOW and X-STERN, a helideck, an SMST motion compensated gangway, and a telescopic traffic compensation system.The 269MW Deutsche Bucht wind farm will comprise 33 MHI Vestas 8.4MW wind turbines installed some 95 kilometres northwest of the Borkum Island.The turbine installation is expected to start soon. The wind farm is expected to be fully operational by the end of 2019.MHI Vestas selected the DHSS support base in Eemshaven as the hub for the turbine commissioning and subsequent 15-year O&M works on Deutsche Bucht.
Classification society ABS has launched the industry’s first LNG Cargo Ready notation for ethane carriers in an effort to increase the flexibility of the next-generation of this vessel type. The development was announced at a joint event with Gaztransport & Technigaz (GTT) during Gastech 2019 in Houston, highlighting progress towards delivering “LNG Cargo Ready” ethane carriers.As explained, the notation confirms that an ethane carrier is capable of future modification to trade LNG cargoes. It identifies potential barriers and assesses LNG capability of equipment and systems installed on the very large ethane carriers (VLECs).“Our work to make the next generation of ethane carriers more flexible and better able to adapt to developments in the international markets, underscores our focus on developing solutions that respond to the challenges faced by owners, charterers and operators while ushering in new concepts and fostering the latest technologies,” Patrick Janssens, ABS Vice President for Global Gas Solutions, commented.“We are continuously developing solutions for the industry in order to provide more flexibility to ship-owners and charterers… We are glad to take this initiative with ABS by offering LNG cargo as an option for ethane shippers and notably for one of our clients that recently ordered six second generation VLECs,” Philippe Berterottière, Chairman and CEO of GTT, said.“With the expected flurry of new orders for VLECs, the industry is looking for ways to de-risk project investments. One of the most viable options is to ensure newer VLECs can be used for transportation of LNG in the future,” Aditya Aggarwal, ABS Director, Global Gas Development, noted.“The ship owners and investors require the necessary information in evaluating the capital risk to assess the need for additional future investments needed to “upgrade” the asset to carry LNG instead of ethane,” he added.“The LNG readiness for VLEC is a promising way to overcome financial hurdles that stakeholders are facing on the nascent ethane shipping, and it is achievable at marginal cost,” Adnan Ezzarhouni, General Manager of GTT China, concluded.
LifestyleLocalNews Medical Professionals Retrained in Dengue Diagnosis and Management by: – October 21, 2019 Dr Dion GajadinWith the alarming increase in dengue cases in Dominica, a one-day workshop hosted by Ministry of Health and Pan American Health Organization (PAHO) took place to retrain medical practitioners on the clinical diagnosis and management of the disease.Following the workshop, which was reportedly successful, Chief Medical Officer, Dr. David Johnson revealed that dengue is not only a health issue, but is also an economic issue.“We are having an outbreak of dengue fever and a lot of persons are ill and cannot go to work and production is affected. That is the sort of economic impact that will be realized let alone if there were any resulting deaths,” Dr. Johnson reported. “I am very grateful for PAHO, the workshop and the sort of turnout that we had.”Dr Dion Gajadin, Internal Medicine Specialist of the Arbovirus International Task Force reported on the significance of the workshop saying that the biggest target is minimise the spread of dengue.Dengue Workshop 391 Views no discussions Share Share Sharing is caring! Tweet Share
Loading… The report claims Mourinho has personally requested that Tottenham sign Gabriel. The centre-back is under contract until 2023, having signed a new deal in February. Despite that extension, it looks likely that the Brazilian could move on this summer. Previous reports indicated that Spurs were €10m short of Lille’s demands. However, with Napoli also ready to make a similar offer, it appears they may have been sparked into action and raised their bid. read also:Everton expecting deal for Lille defender Gabriel It would not be the first time Tottenham have dealt with Lille since Mourinho took over. The head coach brought two assistants from the French club upon his appointment, while he has a good relationship with their sporting director, Luis Campos. Campos himself has been linked with taking up a similar role at Tottenham. FacebookTwitterWhatsAppEmail分享 Promoted Content7 Truly Incredible Facts About Black Holes8 Superfoods For Growing Hair Back And Stimulating Its Growth10 Risky Jobs Some Women DoThe 10 Best Secondary Education Systems In The WorldFantastic-Looking (and Probably Delicious) Bread ArtTop 10 Most Romantic Nations In The World10 Outrageous Ideas That Made People Ridiculously Rich9 Great Actors Who Will Always Be Defined By One Role7 Things That Actually Ruin Your PhoneJason Statham Bought And Sold A Multi-Million Dollar HouseFrom Enemies To Friends: 10 TV Characters Who Became CloseThe Highest Paid Football Players In The World Tottenham are set to make a €30m offer for in-demand Lille defender Gabriel Magalhaes at Jose Mourinho’s request, a report claims. Gabriel has been linked with a move to the Premier League – and specifically London – in recent months. Arsenal were originally believed to have made a bid in January. It was then claimed that Chelsea had overtaken them in the race for the Brazilian. However, claims are now emerging that Gabriel could end up at a different club from the capital. Those reports have come from Fichajes, who claim that Tottenham will put €30m on the table for Gabriel this summer. The Brazilian centre-back became a regular for Lille this season, starting 23 of their 28 league games. His form has also attracted the likes of Real Madrid and Napoli. But according to Fichajes (via Sport Witness), it is Spurs who are ready to meet his valuation. It remains unlikely that Jan Vertonghen will stay beyond the end of this season, so they need reinforcements at the back.Advertisement
New Delhi: Former all-rounder Robin Singh has taken a dig at Ravi Shastri, saying Team India has lost two successive semi-finals under the current head coach and thereby a change needs to be made in the coaching set-up.“Under the current coach, India has lost in the semi-finals of two successive ODI World Cups, and in the last four stages of the World Twenty20 championship as well,” Singh told The Hindu.“Now is the time to prepare for the 2023 World Cup and a change could be good for the side,” he added.In 2015, India had lost the World Cup semifinal to Australia while in 2019, the Men in Blue had to face a shocking defeat to New Zealand, thereby failing to get an opportunity to win their third World Cup title.Singh, who has applied for the post of head coach, was part of the Indian support staff, holding the role of the fielding coach between 2007 and 2009. During that period, India won a Test series in England, lift the inaugural World T20 in South Africa as well succeeding in the triangular ODI series trophy in Australia for the first time. The BCCI has invited applications for the positions of head coach, batting coach, bowling coach, fielding coach, physio, strength, and conditioning coach and administrative manager for the Indian team.The Supreme Court-appointed Committee of Administrators (CoA) has already announced that the trio of Kapil Dev, Anshuman Gaekwad, and Shantha Rangaswamy have been handed the responsibility of picking the head coach. They form the new Cricket Advisory Committee (CAC) of the Board of Control for Cricket in India (BCCI) subject to no conflict of interest. Shastri and his team will get an automatic entry into the recruitment process. The current coaching staff was handed a 45-day extension after their tenure ended with the World Cup. IANSAlso Read: BCCI Officials Want Ravi Shastri To Continue As Head Coach
New Delhi: Indian skipper Virat Kohli believes that cricket is losing a lot of quality due to the “commercial aspects” which are overshadowing the game and hit out at the 100-ball cricket format proposed by the England Cricket Board. Kohli, who is also the captain of Royal Challengers Bangalore (RCB) in BCCI’s marquee event the Indian Premier League (IPL) says the schedule for the cricketers are extremely exhausting.“I’m already very… I wouldn’t say frustrated, but sometimes it can get very demanding of you when you have to play so much cricket regularly. I feel somewhere the commercial aspect is taking over the real quality of cricket and that hurts me,” Kohli told the ‘Wisden Cricket Monthly’.ALSO READ: Eng vs Ind 4th Test Preview: Virat Kohli and co eye series equaliserMeanwhile, England and Wales Cricket Board (ECB) has decided to start a new 100-ball format which have garnered criticism from all quarters. However, the Virat Kohli has made it clear that he won’t be a part of ‘one more format’.“Obviously for the people involved (ECB) in the whole process and the set-up it will be really exciting but I cannot think of one more format, to be honest,” Kohli said.“Honestly, I don’t want to be a testing sort of a cricketer for any new format. I don’t want to be someone who’s going to be part of that World XI who comes and launches the 100-ball format.”ALSO READ: England vs India 4th Test: Curran, Ali return as hosts announce XIKohli went on to differentiate between the IPL/Big Bash League from the new experiment in 100-ball format.“I love playing the IPL, I love watching the BBL, because you are working towards something, competing against high-quality sides and it gets your competitive juices flowing. That’s what you want as a cricketer. I am all for the leagues, but not to experiment.”The Indian skipper, who missed out on his debut county stint for Surrey due to an injury said that he would love to play county cricket in future.“County cricket always intrigued me. Unfortunately, it couldn’t happen this time but I would love to come again in future,” he said.India face England in the fourth Test match that will be played from Sunday at the Rose Bowl in Southampton. The hosts England currently lead the five-match Test series by 2-1. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.
Meanwhile, manager Zinedine Zidane’s side can advance their prospects of a double this season, having progressed to the semi-finals of the Champions League following their 6-3 aggregate hammering of Bayern Munich in the last eight.No matter the circumstances, an El Clasico collision never fails to entertain, and you can find all the necessary viewing information, complete with a match preview.Unfortunately for Barcelona’s chances of stealing a win in the Spanish capital this Sunday, Brazil maestro Neymar doesn’t look as though he’ll be available to feature for the visitors.Spanish daily Marca reported on Thursday that an appeal to the Court of Arbitration for Sport (CAS) was his only hope of having his suspension overturned.The league campaign is of particular importance for Neymar and Co. following Wednesday’s Champions League exit, where the forward was left distraught in the face of defeat. The Blaugrana are a much more threatening beast with Neymar in their lineup, and the Brazilian has at times outshone the likes of Lionel Messi and Luis Suarez this season.It’s just Barca’s luck that while they’ll likely be without their wing wizard, Real’s Gareth Bale made his return to training on Thursday and could be rushed back from his calf injury in time for todsy’s blockbuster.In Real’s last home league clash against Barca, they were thumped 4-0 in November 2015. Barcelona have scored four times in each of their last two league trips to the Bernabeu, but without Neymar, and manager Luis Enrique entering his last derby before leaving the Blaugrana, the guests will struggle to uphold that pattern.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram •Kick-off: 7:45pmReal Madrid can take a leap toward securing this season’s La Liga title when they host Barcelona in the second of this season’s El Clasico meetings today at the Santiago Bernabeu. Los Blancos lead second-placed Barca by three points with a game in hand heading into the showdown, where victory for the hosts could see the crown’s destination decided considering only a few games remain in the season.After exiting the UEFA Champions League in midweek following a 0-0 stalemate at home to Juventus—completing a 3-0 aggregate defeat in the quarter-final clash—Barca will be motivated to resurrect their league chances.