More rights cuts expected at Dutch pension funds after miserable December

first_imgThe average funding ratio of Dutch pension funds declined by approximately 1 percentage point over the month of December 2013, according to Aon Hewitt and Mercer.The consultancies estimated that the average funding rate at the end of last year came to 109% and 108%, respectively.As a result of the decline, dozens of Dutch pension funds will face additional benefit cuts.The decline in December varied widely from one pension scheme to the next, according to Mercer’s Dennis van Ek. “For schemes that did not hedge more than, say, 25% of their interest-rate risk, and that invest some 50% in equities, the decline will be limited from one-quarter to half of a percentage point.“For schemes that have extensive interest-rate risk hedges in place and do not invest a lot in equities, the decline may be as much as 2 percentage points.”  According to Aon Hewitt, 30-35 pension funds will have to implement benefit cuts.Figures published by pensions regulator DNB previously showed that 34 schemes were facing a funding shortfall based on funding ratios at end of November.Because funding rates have fallen across the board in December, van Ek believes those 34 schemes will definitely not escape cuts, and that there may be more schemes added to the list as a result of December’s decline.However, because some sponsor companies may bail out their corporate schemes, that number could change. Consultant Aon Hewitt believes there is no doubt the two metalworkers schemes, PME and PMT, will have to cut benefits.Both have funding rates hovering right around the required minimum rate.PME reported a funding rate of 104.6% – just over the required minimum – at the end of November.The scheme will publish its end of December rate around the middle of January, according to Hans Sieraad, head Finance, Control and Risk Management at PME.last_img read more

Campaigner wants more than ‘tinkering’ with medicinal cannabis law – Others disagree

first_imgRadio NZ News 20 December 2017A campaigner for medicinal cannabis wants a medical necessity defence introduced and a change in attitudes by doctors and the police.The government will today unveil a law change to allow easier access to medicinal cannabis.Medical Cannabis Awareness NZ coordinator Shane Le Brun said a medical necessity defence should be added to the Crimes Act or guidelines changed, to avoid prosecutions.“The police really come down hard on cultivation, even for medical purposes … we don’t have to change the law and tell the police to stop prosecuting – but it could be a viable defence in court.Family First national director Bob McCoskrie said broadening access to cannabis for medicinal use was a smoke-screen for the long-term aim of legalising recreational marijuana.Mr McCoskrie said in every other jurisdiction medicinal marijuana had led to decriminalisation and then to legalisation of cannabis use.He said the Greens’ bill allowing people to grow cannabis for medicinal purposes was “just a grow-your-own-dope bill”.It would be a mistake if legislation opened the door to people being allowed to smoke cannabis, he said.“No other realm of medicine considers smoking therapeutic.“We don’t smoke opium to get the benefits of morphine.“The New Zealand Medical Association just last month said it is difficult to justify a place for smoked cannabis as a medicine.”Medicinal cannabis in other forms needed controls on its quality, composition and how it was prescribed.“Why not take a cautious approach?”He expected the government legislation to be a more moderate version as New Zealand First had to agree on it.READ MORE: read more

O’Mahony ready for hot reception

first_imgIreland captain Peter O’Mahony has admitted that he is finding the hot Houston climate tough going ahead of Saturday’s meeting with the United States. Temperatures soared to 30 degrees when the squad trained at the city’s CES Performance Centre on Tuesday, and with similar conditions and 70 per cent humidity forecast for kick-off, the Irish players are expected to struggle. O’Mahony does not want his players to use the weather as an excuse not to perform. “It was tough, to be honest with you. I was struggling a bit, the heat is oppressive with the humidity,” he said. “We will be playing a bit later and both teams have to play in it so we have to get on with it. We trained in the peak of it, but I’m not sure if it will be much cooler.” He added: “We’re probably not going to be here long enough to get used to it, but the American team has only one Texan in it so it will be the same for them. Obviously they have played here before, but it isn’t like they’re hanging out in this heat all the time.” O’Mahony believes the squad assembled by interim coach Les Kiss is bonding well. Wednesday’s day off was spent at NASA’s headquarters, while they met local NFL star JJ Watt who took them for a tour of the Reliant Stadium on Tuesday. However, the 23-year-old says that the good spirits and atmosphere will count for nothing if the team do not deliver on Saturday. “I’m enjoying the trip so far. We had a good week in Carton before we left, training has gone well and we are enjoying each other’s company,” O’Mahony explained. “There’s a good buzz for the weekend, but all of that training and messing around together doesn’t matter a bit once the 80 minutes gets going and we’re looking forward to it. “The USA (are) going into the Test thinking they’re going to win it and we will do the same. It is not different to any other Test. It is the same as any other November international or Six Nations game. “You play every Test as if it is your last, some guys are winning their first cap (while) others are looking to put their hand up.” center_img Press Associationlast_img read more

PGMOL defends referee standards

first_img Hackett’s attack was made on his website, which also sells refereeing kits and equipment and offers training courses. The PGMOL is standing firm, however, confident it has taken the right path since Hackett’s departure and that it is backed up by all the statistics. There are usually periods in every season where a series of controversial decisions puts the spotlight on to officials, and has led to football’s lawmakers to begin to consider video replays. That will be debated at the International FA Board at its next meeting in Belfast on February 28, though any final decision is likely to be a couple of years away with trials being needed first. PGMOL’s latest figures show referees’ fitness has improved, especially in terms of sprints. Hackett also called for referees Mike Jones, Andre Marriner, Lee Mason and Chris Foy to be stood down at the end of the season while stating that Lee Probert should lose his position if he fails a fitness test. “This season we have all witnessed many disastrous performances and big game-changing errors,” Hackett said. “I share the view of one former top referee [Graham Poll] that the current group of professional referees is the worst that we have seen. “The latest big game decision error was the stupid dismissal of Wayne Routledge of Swansea City who himself was on the receiving end of a reckless challenge. “It is unbelievable that a so-called top referee should make such a mistake.” Keith Hackett has called for his successor Mike Riley to be removed from his position with PGMOL and labelled the current crop of officials as the “worst that we have seen”, citing “over 20 major errors” during the Christmas period. PGMOL would not respond directly but released statistics showing standards had improved in every available measure in the five years since Hackett left the organisation. These include accuracy on major decisions, up to 95 per cent from 94.1 per cent, on decisions in the penalty box (98 per cent) and offsides, 99 per cent compared to 92 per cent five years ago when Riley took over. Referees chiefs are insistent match officials’ standards have never been so good despite stinging criticism from the former head of Professional Games Match Officials Ltd (PGMOL).center_img Press Associationlast_img read more

NAMILCO is official sponsor of RHTYSC first division team

first_imgTHE NAMILCO Thunderbolt Flour has been confirmed as the new official sponsor of the Rose Hall Town Youth and Sports Club, MS (RHTYSC) first division team. At the official launching recently, NAMILCO Managing Director, Bert Sukhai, told the 13 players present, that his company was proud to be associated with RHTYSC.He expressed confidence that the team would be perfect representatives of the Thunderbolt Flour brand. NAMILCO, he stated, strongly believed in investing in sports and education. The company which was founded in 1969 is a strong supporter of sports in Guyana especially football and cricket.Chief Executive Officer of the club, Hilbert Foster, reassured NAMILCO that the team would represent their brand with pride, passion, dedication and most importantly results.Foster said the first division team, as it has done in the last 28 years, would achieve success via a simple formula – hard work, dedication and team unity. The NAMILCO brand would be promoted throughout the Ancient County and it is our hope that this sponsorship would be a long-tern one.The team was sponsored by Gizmos & Gadgets for the last nine years and has produced a number of players for Berbice, Guyana and the West Indies including Test player Assad Fudadin and ODI player Royston Crandon.Meanwhile, the club has plans to feature some of its female West Indies players at the First division level against weaker teams, as part of its development programme.The team would also undertake a number of personal projects under the sub-headings of Education, Charity, Anti-Drugs, Anti-Suicide, Sports, Support to Senior Citizens, Anti-Alcohol and Religion among others.last_img read more

SU continues strong 2nd-half play, rallies late in victory

first_img Facebook Twitter Google+ Erica Morrow rolled her eyes, almost expecting the question. Next to her, Nicole Michael shook her head.But no matter how you slice it, the Syracuse women’s basketball team has time and time again rebounded from lackluster first-half efforts by coming out of the locker room with another identity. Physically, the Orange looks more dominant. Emotionally, it’s fired up after every big shot.It happened again Monday in SU’s 69-55 win over Richmond in the second round of the WNIT. And that’s why, as much as she might despise the notion, Morrow knows Syracuse is an enhanced version of itself in the second half.‘I would say, yeah, we probably are a second-half team,’ Morrow said. ‘Which isn’t a good thing. But, you know, we’re trying to clean it up.’And the emotions — the little things — were part of the difference in SU’s latest second-half comeback Monday. In a flurry of contests this season, the Orange has come out of the locker room rejuvenated. Not just a different game plan but a different sense of urgency as well.AdvertisementThis is placeholder textFacing big second-half deficits all year, SU responds by wearing its emotions on its sleeve. Realizing it’s now or never. Reacting to the pressure.Monday was just the latest example. This occurred one game after another during Big East play. Against Notre Dame, Cincinnati, West Virginia and even Seton Hall in the Big East tournament, the Orange answered sluggish first-half performances by looking like a completely different team out of the gate in the second half. ‘It’s about responding to what the current situation is,’ Morrow said. ‘And the only time to do that is the second half.’On this night, the difference in confidence and emotion between halves was evident. And it started at halftime, as the Orange once again found itself playing an uninspired opening half of play. Fifteen turnovers. Only four assists. All-around sloppy play.And the reflection of Syracuse’s first-half play was displayed frequently on the face of its head coach. Quentin Hillsman is no stranger to emotion. Pacing up and down the sideline, Hillsman looked bewildered at his team’s performance. Shaking his head, he shouted at those who committed careless turnovers.When the Orange didn’t respond by halftime, Hillsman had a full 15 minutes to let his emotions out in the locker room.‘On a scale of one to 10,’ Michael said of her coach’s halftime agitation, ‘maybe like a seven. And, yeah, I’ve seen 10.’And she took action. Michael came out and put up four quick points to start the half. During timeouts, she was pumped up, not slumped over. After Tasha Harris put the exclamation point on the game and gave SU a 10-point lead with less than 1:30 left, Michael was the first one down the floor, sprinting down to give her teammate a high-five.But she wasn’t the only one who responded to Hillsman’s speech. Juanita Ward added four points of her own to tie the game. She let out roars after both buckets. After big shots, she was fired up. During timeouts, she gave a fist bump or chest bump to the first teammate she found.For the senior Ward, she knew it was now or never. That was the only thing she needed to get herself charged up.‘This is something that, my adrenaline is pumping because of it,’ Ward said. ‘It’s either one chance or you’re out. If you’re not ready for this opportunity and seize the opportunity, then you’re not ready to play basketball. You shouldn’t be playing.’It’s something the players can trace back to their effusive coach. When his team responded in the second half, he gave his players two thumbs up. Even if his players don’t give a thumbs up to being called a second-half team. ‘It’s one of those things where I try not to drive (the players) crazy because I’m so wired up the entire game,’ Hillsman said. ‘… I’m just really happy for our kids and really happy for our success. When they make great plays, I’m just very happy for them.’ Published on March 22, 2010 at 12:00 pmcenter_img Commentslast_img read more

2018 World Cup statistics

first_imgAll statistics accurate as at  12:00GMT (Wednesday, 4th July 2018) TOP SCORERS RANKPLAYERTEAMGOALS1Harry KaneEngland62Cristiano RonaldoPortugal4 Romelu LukakuBelgium44Kylian MbappéFrance3 Artem DzyubaRussia3 Diego CostaSpain3 Edinson CavaniUruguay3 Denis CheryshevRussia3 Yerry MinaColombia310Takashi InuiJapan2 Mohamed SalahEgypt2 Sergio AgüeroArgentina2 Wahbi KhazriTunisia2 Philippe CoutinhoBrazil2 Son Heung-MinSouth Korea2 Mile JedinakAustralia2 Luis SuárezUruguay2 Antoine GriezmannFrance2 NeymarBrazil2 Luka ModricCroatia2 Ahmed MusaNigeria2 John StonesEngland2 Andreas GranqvistSweden2 Eden HazardBelgium225Fakhreddine Ben YoussefTunisia1 Marouane FellainiBelgium1 Javier HernándezMexico1 Yuya OsakoJapan1 Youssef En-NesyriMorocco1 Emil ForsbergSweden1 Juan QuinteroColombia1 Aleksandar KolarovSerbia1 Adnan JanuzajBelgium1 Genki HaraguchiJapan1 Christian EriksenDenmark1 Alfred FinnbogasonIceland1 Roberto FirminoBrazil1 Gabriel MercadoArgentina1 Ivan RakiticCroatia1 Steven ZuberSwitzerland1 Kim Young-GwonSouth Korea1 Ludwig AugustinssonSweden1 Khalid BoutaïbMorocco1 Ante RebicCroatia1 Jesse LingardEngland1 Toni KroosGermany1 Shinji KagawaJapan1 Dries MertensBelgium1 Felipe BaloyPanama1 Salem Al-DawsariSaudi Arabia1TOP ASSISTSRANKPLAYERTEAMASSISTS1Viktor ClaessonSweden2 Juan QuinteroColombia2 Éver BanegaArgentina2 Wahbi KhazriTunisia2 James RodríguezColombia2 Carlos SánchezUruguay2 Lionel MessiArgentina2 Aleksandr GolovinRussia2 Youri TielemansBelgium2 Eden HazardBelgium2 Thomas MeunierBelgium212Raheem SterlingEngland1 Javier HernándezMexico1 Takashi InuiJapan1 Andrés IniestaSpain1 Lucas HernándezFrance1 Kamil GrosickiPoland1 Christian EriksenDenmark1 Dusan TadicSerbia1 Nicolai JørgensenDenmark1 Ju Se-JongSouth Korea1 Gabriel MercadoArgentina1 Olivier GiroudFrance1 Artem DzyubaRussia1 Rodrigo BentancurUruguay1 Adrien SilvaPortugal1 Denis ZakariaSwitzerland1 Shinji KagawaJapan1 Dries MertensBelgium1 Thomas DelaneyDenmark1 Philippe CoutinhoBrazil1 Hamdi NaguezTunisia1 Paolo GuerreroPeru1 Luis SuárezUruguay1 Marcos RojoArgentina1 Ilya KutepovRussia1 Josip PivaricCroatia1 Marcelo BrozovicCroatia1 Gonçalo GuedesPortugal1 Raphaël GuerreiroPortugal1 Abdalla SaidEgypt1 Ricardo ÁvilaPanama1 Breel EmboloSwitzerland1 Fayçal FajrMorocco1 Sergio BusquetsSpain1 Kieran TrippierEngland1 Dani CarvajalSpain1 Juan CuadradoColombia1 Joel CampbellCosta Rica1 Toby AlderweireldBelgium1 —last_img read more

How Spurs could line up under Mourinho with new signings joining Kane and Co

first_imgMauricio Pochettino jokes: If Levy sacked me, I could never manage Arsenal! JOSE MOURINHO has been handed the reins at the Tottenham Hotspur Stadium.The 56-year-old has been out of work since being sacked by Manchester United last December – but after Tottenham sacked Mauricio Pochettino, the Portuguese was swiftly snatched up to take over in North London.5 How Tottenham could line up after a shake up from the Special OneSpurs have struggled this season, suffering humiliating results against Colchester and Bayern Munich, as well as a dire 3-0 defeat at Brighton.We take a look at how the Lilywhites could line up under the Special One.HUGO LLORISThe French skipper has struggled for form in the last year or two – but at his best remains a remarkable shot stopper.While Spurs should have one eye on a long-term replacement for the 32-year-old who is reportedly interested in a move to MLS, Mourinho could value his leadership and experience in the short term.Lloris is currently out injured with a dislocated elbow, but should return in the new year.5 Youcef Atal won the Africa Cup of Nations in the summerCredit: AFP or licensorsYOUCEF ATALThe flying 23-year-old full-back could help launch Spurs into a new era.The Algerian lit up the Africa Cup of Nations with his skill and trickery on the right flank, and could finally be the man to fill the gaping hole left by the departure of Kyle Walker in 2017.The Nice defender would likely cost as much as £35million – with Chelsea also rumoured to be keen.Atal even chipped in with six goals from defence in Ligue 1 last season – and would offer Spurs a badly needed top class option at right-back.DAVINSON SANCHEZThe imposing Colombian defender impressed in his first season at Spurs after his megabucks move from Ajax in 2017.But the 23-year-old found himself in and out of the team last season and struggled for form as a result.Sanchez has often looked more physically dominant over his opponents when playing for his national team rather than at Spurs – where strikers like Salomon Rondon and Aleksandar Mitrovic have had joy against him.Mourinho could be the man to get Sanchez consistently performing for Tottenham as he does for his country. If so, Tottenham will have a special young defender on their hands.JUAN FOYTHJose Mourinho has never been known as a manager that will teach his players specific patterns when playing out from the back.Fortunately, however, in Juan Foyth he would possess a 21-year-old defender so adept with the ball at his feet that it might not matter.Already a full Argentina international, Foyth should develop into one of the league’s finest defenders – particularly if Mourinho can teach him a little more discipline.Jose Mourinho gives first interview as head coach at Tottenham 5 Ryan Sessegnon is yet to make his Spurs debutCredit: Getty – ContributorRYAN SESSEGNONSpurs fans are still awaiting their first glimpse of their new £30million summer signing from Fulham in a Tottenham shirt.But supporters believe that he will be worth the wait.While the 19-year-old scored 15 goals as a winger as Fulham won promotion in 2017-18, he initially made his name as a left-backAnd the ability and intelligence to learn and adapt to different positions at such a young age could be an asset that Mourinho would greatly admire in Sessegnon.The ex Fulham man could prove to be a long-term solution for Spurs at left-back, with Danny Rose having struggled for form since a serious knee injury back in 2017.TANGUY NDOMBELETanguy Ndombele ended a signing drought of over 500 days when he arrived at Spurs in the summer, prompting excitement from fans up and down the country.And there have been encouraging early signs from the £60million man despite Tottenham’s dodgy form – with the 22-year-old having scored in wins over Aston Villa and Southampton.Mauricio Pochettino has struggled to cope with losing the influence of Mousa Dembele in the Spurs midfield – but perhaps Mourinho could mould Ndombele into that perfect blend of bruiser and ballet dancer that the Belgian was for Spurs.GIOVANI LO CELSOThere was incredible excitement from fans when Spurs secured the signing of Giovani Lo Celso from Real Betis over the summer.After just three substitute appearances, however, the Argentina international broke down with an injury on international duty.But the 23-year-old combines effortless skill with a bit of bite that Mourinho could nurture in the Tottenham midfield.The Special One had joy at Chelsea with a midfield partnership of Nemanja Matic and Cesc Fabregas, and Lo Celso alongside Ndombele could have the ability to boss games for Spurs.5 Paulo Dybala was heavily linked with Spurs in the summerCredit: Getty Images – GettyPAULO DYBALAAnother Argentine, Tottenham came so close to securing Dybala’s signature from Juventus, only to miss out on deadline day.The 25-year-old could be the blockbuster signing that would launch the club into a new, trophy winning era under Jose Mourinho.Possessing the nonchalant skill that has always been admired at White Hart Lane, Dybala would be an instant hit in N17.Spurs fans have seen the mercurial attacker first hand, when he combined with Gonzalo Higuain to knock Pochettino’s side out of the Champions League two seasons ago.BRUNO FERNANDESTottenham were reportedly ready to bring the Portugal international to North London in August if they had found a buyer for Christian Eriksen.Sadly for the Lilywhites, no such buyer came in and Fernandes, who scored 32 goals from midfield for Sporting Lisbon last season, remained in Portugal.The 25-year-old has gotten on with his business, however, and already has seven goals and five assists to his name this season.Much has been made of the sulking attitude of some of Spurs’ stars and £65million rated Fernandes could be the man to inject some extra life into the playmaker position at the club – with wantaway Christian Eriksen set to leave either in January or the summer.SON HEUNG-MINSince signing for Tottenham in 2015, Son’s influence has grown every season, with the South Korean superstar now regarded as one of the best players in the league.The 27-year-old has reached double figures for Premier League goals in the last three seasons, registering 14, 12 and 12.One of the most likeable and marketable players in the league, Son provides constant goal threat and trickery, whether deployed centrally or on the flanks.Mourinho would value Son’s combination of work rate and natural talent – as well as unwavering commitment to the cause.5 Harry Kane has shown for Spurs and England what a good leader he isCredit: PA:Press AssociationHARRY KANEHarry Kane would be Jose Mourinho’s captain.LATEST SPURS NEWSHARRY ALL FOUR ITKane admits Spurs must win EIGHT games to rise into Champions League spotGossipALL GONE PETE TONGVertonghen wanted by host of Italian clubs as long Spurs spell nears endBELOW PARRSpurs suffer blow with Parrott to miss Prem restart after appendix operationPicturedSHIRT STORMNew Spurs 2020/21 home top leaked but angry fans slam silver design as ‘awful”STEP BY STEP’Jose fears for players’ welfare during restart as stars begin ‘pre-season’KAN’T HAVE THATVictor Osimhen keen on Spurs move but only if they sell Kane this summerYOU KAN DO ITKlinsmann quit Spurs to win trophies but says Kane’s better off stayingTURBULENT PAIRINGDrogba and Mido had mid-flight brawl after stewardess prank went wrongGossipSPURRED ONTottenham table contract offer for Bayern Munich’s teenage starlet Taylor BoothExclusivePASS THE TESTEngland’s NRL-based stars urge bosses to make room for a Test this yearThe 26-year-old is a leader on and off the pitch. He also happens to be Tottenham’s best player, combining elegant playmaking ability outside the box with lethal goalscoring inside the box.Mourinho brought the great Didier Drogba to the Premier League and would challenge Kane to provide those trophy winning moments that the Ivorian did.And Kane has the mental fortitude and character to accept that challenge and pass it with flying colours, if given the structure.last_img read more

Gasoline Prices

first_imgIt’s taken nine weeks but finally there is a price drop of note at the gasoline pumps in Fort St. John.While the average price according to the national survey recorded yet another decrease last week, to $1.272 per litre, the common posted price in Fort St. John has slipped $0.03 a litre, to $1.424.The high-end local price at the Esso outlet on 100th Street and 93rd Avenue has dropped even further, by $0.05 a litre, to $1.459.- Advertisement -However, the local common price is still about $0.30 a litre higher than it was this time last year, while the national average is still up about $0.26, on a year over year basis.Two cities now have survey prices below $1.20 a litre. They are Ottawa and Kingston, Ontario at $1.195 and $1.162, respectively.last_img

‘If Deila is still in charge, the CP atmosphere will be toxic’ – Rangers fallout

first_img Ronny Deila is under pressure from fans after losing to Rangers 1 Celtic fans are cranking up the pressure on manager Ronny Deila to go following their Scottish Cup semi-final loss to Rangers.Pressure on the manager has been mounting for a while, with defeat to their bitter Glasgow rivals being seen as the final straw even though the club are on course to win the Scottish Premiership.However, there doesn’t appear to be any plan to boot him out before the end of the season.VIDEO OF THE SCOTTISH CUP SEMI-FINALlast_img