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

Reds held Leicester inquest

first_img Nearly a week on from the capitulation, Van Persie is still at a loss to explain how United failed to win the match, which they led 3-1 thanks to his first goal of the season, and strikes from Angel di Maria and Ander Herrera. “It shouldn’t be possible, but it still happened,” Van Persie told Fox Sports ahead of Saturday’s home game against West Ham. “So we have to deal with it. We had a proper look at it the next day. “Sometimes it was a bit confronting. “It was a really good meeting as everyone spoke up and shared their feelings. “It was a long meeting, one hour or something meeting, but we went from there, started again this week and a couple of really good sessions in and everyone feels ready to face West Ham.” Spirits were high before the start of the season following United’s successful tour of the United States, but Van Gaal has endured a poor start to life in England. The former Ajax and Bayern Munich manager has recorded just one win so far, against relegation candidates QPR. Press Association Defeat to West Ham would raise further questions about Van Gaal’s ability to take United back into the Champions League, but Van Persie is sure his fellow Dutchman is the right man to revive the club’s fortunes following the failures of David Moyes’ reign. “I think his numbers speak for themselves, he has had success everywhere he has managed,” said Van Persie, who captained Holland under Van Gaal at the World Cup. “And everyone believes in his philosophy as well. “If you look at the players we have now, the staff, the stadium, and the fans, I am very confident for the future.” Much to Van Gaal’s dismay, he has been hit by an injury crisis ahead of the visit of Sam Allardyce’s side. Summer signing Marcos Rojo is United’s only fit centre-back as Jonny Evans, Phil Jones and Chris Smalling are injured while Tyler Blackett is missing through suspension. At the other end of the pitch, Van Gaal has no such worries thanks to his summer recruitment drive. Last week the Dutchman deployed Van Persie, Wayne Rooney and loan signing Radamel Falcao in a three-pronged attack to good effect. Van Persie insists there is room for all three stars in the starting XI. “We want to play together,” Van Persie said. “We are constantly talking to each other: how can we improve our game together because everyone feels together we are stronger. “It’s quite interesting to see one of these conversations because we all have the same targets. We all want to win games and to share success.” Van Persie says the poor start to the season has not had a big impact on the confidence levels within the squad. “I don’t think we have confidence issues to be honest, but you have to be realistic,” he said. “You have to know where to improve. Me, I’m 31-years-old, but I can still improve.” Manchester United held a deep hour-long inquest into their dismal 5-3 defeat to Leicester, Robin van Persie has revealed. Manager Louis van Gaal was unhappy with his team’s performance at the King Power Stadium on Sunday, where they conceded four goals in the last 28 minutes, and told his squad to meet for a detailed debrief 24 hours later. Van Persie said “confronting” views were exchanged during the meeting, which he feels was beneficial to the squad as they look to improve following their worst start to a Premier League campaign. last_img read more

Lakers’ Kyle Kuzma named Western Conference Rookie of the Month

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersHe also became the sixth non-lottery pick to win the award in the first month of the season.“It’s pretty cool for sure,” Kuzma said. “I wish I was Rookie of the Month and we had a winning record too. That would probably be even better. It’s definitely a great accomplishment, especially the first one of the season.”Through his first 20 games, Kuzma averaged 16.7 points and 6.1 rebounds while shooting 50 percent from the field. Ben Simmons, the first overall pick in the 2016 draft who missed all of last season with an injury, was the Eastern Conference honoree.Kuzma missed Wednesday’s loss to Golden State because of back spasms. He was expected to be limited in Friday’s practice but as the session wore on he felt good enough to keep going.“I kept saying I was fine, trying more things,” Kuzma said. “I really wanted to play.” After flying to Denver with the Lakers on Friday, Kuzma will be reassessed prior to Saturday’s game against the Nuggets. If his back stiffens, Walton said, the Lakers will rest him to prepare for Sunday’s home game against Houston.His official status for Saturday night is “questionable.”Kuzma has been a lightning bolt for the rebuilding Lakers, emerging as their most NBA-ready rookie while point guard Lonzo Ball, the No. 2 overall pick, has experienced more significant up and downs.Ball was among the players nominated for the November honor after averaging 9 points, 7 rebounds and 7.2 assists per game.While Kuzma, the 27th pick, said he did not plan on making too big of a deal about winning a league-wide award before Ball, his best friend on the team, he dropped in, “I probably will say it.” EL SEGUNDO — Kyle Kuzma found himself locked in a shooting competition on Friday with an unexpected challenger.Assistant coach Miles Simon, his usual counterpart in the regular competition alongside Lonzo Ball, was working on another basket with Kentavious Caldwell-Pope. So Luke Walton stepped in to team with assistant coach Brian Shaw for a game of “around the world.”“We won,” Walton said. “I don’t know if that’s good or bad.”If there was a day Kuzma could withstand some light teasing, it was Friday. Following practice, he was informed that he had been named the Western Conference Rookie of the Month for his performance throughout November, just the second Lakers rookie to win the award since its inception in 1981-82.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more