Pension fund for Dutch insurer Delta Lloyd ‘weighing future’

first_imgThe €3bn pension fund of Dutch insurer Delta Lloyd has confirmed it is exploring its future options, including the possibility of liquidation. The scheme said it extended the contracts for pensions provision and re-insurance by no more than one year, rather than the usual five-year period.The extension coincides with the expiration of the current collective labour agreement (CAO), which includes the agreements on pensions.Unlike many Dutch financial institutions that have switched to collective defined contribution (CDC) arrangements, Delta Lloyd still has a defined benefit pension plan. In its new contract, it has had to increase its contribution due to low interest rates, it said.The pension claims of the scheme’s 4,000 participants have been re-insured with Delta Lloyd itself.Dutch unions voiced concerns as far back as 2014 that Delta Lloyd – much like asset manager Robeco, insurer Achmea and the banks ABN Amro, ING and NIBC – would switch to CDC.Many companies have sought to offload pension liabilities from their balance sheets following new accounting rules resulting from Solvency II.The pension fund said it was looking into three options, including continuing its current re-insured scheme, as well as ending re-insured arrangements and taking pensions “under its own wing”.The third alternative is liquidation and subsequently placing the pension plan with an insurer or the new general pension fund APF.Previously, Delta Lloyd said it would establish such a pensions vehicle.The pension fund declined to specify whether its options would be limited to keeping the pension plan with the employer or its APF.In 2014, IPE’s Dutch sister publication Pensioen Pro named the Delta Lloyd Pensioenfonds the best DB scheme in the Netherlands.Its coverage ratio was 129.4% at November-end.last_img read more

​AP4 hails active management boost to 2018 return

first_imgSwedish state pension buffer fund AP4 made a 0.2% loss on its investments last year after costs, but its active management strategy meant it was able to prevent weak markets leaving more of a dent in its SEK349bn (€32.9bn) portfolio.Releasing full-year financial figures, the fund said the return before costs was 0.1% for 2018.Active management had contributed 2.3 percentage points to the return, it said.Niklas Ekvall, chief executive of the fund, said: “2018 was a year with periodically high volatility and weak – and in many cases negative – returns on financial assets. “It is therefore gratifying that AP4’s active management was very successful in 2018 and significantly limited the impact of the weak market on AP4’s total return.”Ekvall said this illustrated the value of broad-based and high quality active management in the current low-return environment.The pension fund made net disbursements to the pension system of SEK6.8bn during the year.This led to total fund capital falling to SEK349.3bn by the end of December, from SEK356.6bn at the beginning of 2018.Changes to the AP funds’ investment mandate, which took effect at the beginning of this year, have given the four buffer funds more freedom regarding their asset mixes.However, Ekvall said in the annual report that it was “of the utmost importance” that the second step of this reform process was carried out as planned in 2019.This next set of changes will broaden the range of investment forms and types of instruments the funds can use. It is currently going through the Swedish legislative process.“A modernisation also in this area is therefore a prerequisite for the AP funds’ ability to purposefully and cost effectively use the greater freedom to act that the change in the first step conveys,” Ekvall said.Earlier this week, fellow buffer fund AP3 posted a 0.6% profit on its investments, after AP2 turned in a 1.3% annual loss when it released its annual report last week.AP1, the fourth of the main buffer funds, is set to publish its 2018 report tomorrow.last_img read more

Casey’s General Store marks fifth season of support for Super Nationals, Deery Series

first_imgANKENY, Iowa – The Official Convenience Store of IMCA marks its fifth season of sponsorship in 2017, continuing invaluable support of Super Nationals and the Deery Brothers Summer Series.Casey’s General Store continues its presenting sponsor role for the IMCA Speedway Motors Su­per Nationals, scheduled Sept. 4-9 at Boone Speedway. Casey’s also returns as title spon­sor for the redraw at each IMCA Late Model tour main event.The 2017 season is the second in the latest three-year partnership agreement between Casey’s and IMCA.Casey’s and IMCA both donate $10 to Hope for the Warriors on behalf of each heat winner during the week of Super Nationals. That organization, which serves post-9/11 service members and their families, has received more than $20,000 in the past four events.Super Nationals heat winners also receive a hat and $20 gift card.Drivers drawing the pole for each Deery Series main event get $50 gift cards while those with per­fect attendance for the entire season receive $100 gift cards.Decal placement is required and gift cards are redeemable at any Casey’s location.Based in Ankeny, Iowa, Casey’s has more than 1,900 stores in 15 states, with the most recent addition to that list being Ohio.Casey’s also has stores in Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Mis­souri, Nebraska, North Dakota, Oklahoma, South Dakota, Tennes­see and Wisconsin.In addition to selling grocery items, bakery goods and gasoline, Casey’s is currently the fifth larg­est pizza chain in the country and is becoming even more famous for pizza with online orders and a new app for smartphone and other mobile device users.The first Casey’s store opened in Boone 49 years ago. Casey’s maintains a very prominent loca­tion in the hometown of Super Nationals with a store that opened along Highway 30, just across the road from the Boone Speedway grounds.The Casey’s website is www.caseys.com. Information about new promotions is also on Face­book.“It is really something special for IMCA to be able to promote Casey’s General Store as a partner with the biggest events in all of dirt track racing,” said IMCA Marketing Director Kevin Yoder. “We are grateful for their tremendous support and are committed to making Casey’s the only food and fuel stop for IMCA racers.”last_img read more

West Florida Volleyball Defeats the Defending Conference Champions

first_img Sept. 29, 2007Box Score PENSACOLA, Fla. – The North Alabama Lions have had a strangle hold on the East Division of the Gulf South Conference for the last few years, but a changing of the guard may have taken place Saturday night. The West Florida Volleyball team put away the Lions in four games to improve to 18-2, 3-0 on the season. The loss dropped North Alabama to 10-10, and 3-2 in the conference. The win was the Argos first ever over North Alabama in the 12th match played against the powerful Lions.Coach Melissa Wolter pointed out, “this was a great win for us, and it was a team victory, as everyone on the court played real well. They (North Alabama) are a very mature team that serves real well, so it’s a big win over a strong team. I thought we were well prepared and stuck to our game plan.” The plan worked as the Argos earned a big victory to remain unbeaten in Gulf South Conference play.West Florida came out smoking in game one and lead throughout as Isabela Gualberto put away five kills in six attempts to lead the attack as the Argos won game one 30-17. However, game two was a hard fought game by both teams as the lead changed hands seven times. Whitney Sanders was hot for the Lions with 5 kills early in game two, and then Danielle Spitzer had a sequence of two kills and a block to spark a four point run to put UWF up 24-19. However, the Lions scored the next five points to tie the contest at 24. A Chelsea Wilhoite kill and a big block from Gualberto and Kimberly Clark put the Argos up 29-25. North Alabama rallied with kills from Sanders and Beyaca Martin to tie it up at 29, and then prevailed 32-30 to even the match.The pivotal game three was the Luciana Rapach show, as the Junior had 8 kills in 11 attempts and a couple of spectacular digs. The Argos won game three by a 30-19 score to regain the momentum. The tough veteran team from North Alabama would not give in easily, and they took an early lead in game four, until Kimberly Clark and Danielle Spitzer recorded back to back kills to give the Argos a 21-20 lead. Wilhoite had a thunderous kill to put the Argos up 29-26, only to see Martin record back to back kills for the Lions. Then, following a time out, the Argos set up Gualberto for a quick hitter that she put down with authority to seal the victory.Five argos had double digit digs as the defense was outstanding. Rapach led with 23, while Madeline Gonzalez (15), Clark (11), Wilhoite (12), and Jerica Carter (20) had strong games as well. Setter Madeline Gonzalez recorded 53 assists for the Argos, as Gualberto (20) and Rapach (19) were the big recipients of her sets. Wilhoite added 11 kills also. Whitney Sanders led the Lions with 14 kills.”Bela (Gualberto) and Luciana (Rapach) played very well tonight, and it shows that we are a well rounded team and have multiple players that can step for us on a given night,” stated Coach Wolter as her team celebrated the victory. Next up for the Argos is Alabama-Huntsville on Sunday afternoon at 1:00 pm in the UWF Fieldhouse. Print Friendly Version Share West Florida Volleyball Defeats the Defending Conference Championslast_img read more

Mr. Richard Edward “Dick” Ballard

first_imgMr. Richard Edward “Dick” Ballard, age 94, of Indianapolis, Indiana, entered this life on September 1, 1925 in Indianapolis, Indiana. Dick was the loving son of the late William Matthew Ballard, Sr. and Helen Beatrice (Kornbroke) Ballard. He was raised in Marion, Indiana and was a 1943 graduate of Marion Senior High School. He attended Purdue University in West Lafayette, Indiana for one year. Dick was inducted into the United States Army on October 17, 1945 in Indianapolis, Indiana, rising to the rank of Private. He served in company D1560th SCU Reception Center at Camp Atterbury, Indiana. Dick was in the 8th Photo Tech SQDN 40th Bomb WG in Oxford, England and rose to the rank of Corporal. He received the World War II Victory Medal and the Army of Occupation Medal Germany. He was honorably discharged on March 7, 1947 at Fort Sheridan, Illinois. He served in the United States Army Air Force Reserves and was honorably discharged on February 19, 1950. Dick was united in marriage on September 30, 1949 at the Fairview United Methodist Church in Fairview, Indiana to Hazel Eileen Moreillon. This happy union was blessed with a son, Jeffrey and two daughters, Lynn and Marsha. Dick and Hazel shared nearly 71 loving years of marriage together until his death. Dick was employed as a designer for Thomson Consumer Electronics RCA in Indianapolis, Indiana, retiring in 1989 after 17 years of service. He was a member of the Old Bethel United Methodist Church in Indianapolis, Indiana. Dick enjoyed woodworking, camping with his family, was an avid reader and will be deeply missed by his loving family. Dick passed away at 5:13 a.m., Sunday, April 26, 2020, at Westminster Village North in Indianapolis, Indiana.Dick will be missed by his loving wife, Hazel Eileen (Moreillon) Ballard of Indianapolis, IN (formerly of Fairview, IN); his son, Jeffrey Ballard and his wife, Suellyn of Indianapolis, IN; his daughters, Lynn Holliday and her husband, Don of Indianapolis, IN and Marsha Branson and her husband, Phil of Noblesville, IN; his grandchildren, Karen, Patrick, Zachary, Brett, Kelly, Bryan, Bethany, Kathleen and Jackson; his great-grandchildren, Adam, Beau, Drew, Parker, Riley, Connor, Sam, Maggie, Harper and Emilia and his several nieces and nephews.He was preceded in death by his parents, William Matthew Ballard, Sr., died October 26, 1968 and Helen Beatrice (Kornbroke) Ballard, died May 9, 1989 and his brother, William Matthew Ballard, Jr., died December 24, 2012.Due to COVID-19, Private Entombment Services will be conducted by Rev. Robert “Bob” McMillen at 2:00 p.m., Thursday, April 30, 2020 in the Washington Park East Cemetery, 10612 East Washington Street, Indianapolis, Indiana 46229.Memorial contributions may be made to the Old Bethel United Methodist Church or Charity of the Donor’s Choice. Cards are available at the funeral home or online at www.haskellandmorrison.comlast_img read more

Steve Rolls hopes to have his Andy Ruiz Jr. moment at Madison Square Garden against Gennadiy Golovkin

first_imgEven after Ruiz upset Joshua, veteran promoter Lou DiBella wasn’t willing to predict the same for Rolls and Golovkin on Wednesday, but he vows that Rolls will give the 37-year-old GGG a legit fight.And that’s all Rolls could ask for. After all, as we again learned this past weekend from Ruiz, a lifetime of work could lead to a life-changing night.Rolls following in Ruiz’s footsteps and delivering a grand upset of his own would give a whole new meaning to GGG’s catchphrase: “Big Drama Show.” So, when Steve Rolls walks into the Legends Room of “The World’s Most Famous Arena” for pre-press conference access with selected members of the media, he, too, is thinking, why not him?Why can’t the relatively unknown Canadian boxer do to Gennadiy Golovkin this weekend what Ruiz did to Joshua exactly a week before and produce the second consecutive major boxing upset at MSG?Join DAZN and watch GGG-Rolls: Sign up in U.S. | CanadaLike the first Mexican heavyweight champion in boxing history, everybody is counting Rolls out as a massive underdog, so why can’t the 35-year-old have his Andy Ruiz Jr. moment at The Garden this Saturday night?Easier said than done, but that’s the mindset that Rolls planned to carry into the ring with him for his 164-pound catchweight fight against the former unified middleweight champion well before Ruiz’s heroics. Now, after watching Ruiz’s rousing win, that feeling has increased tenfold.“Even before I watched that fight, I had every plan of coming here to pull an upset,” Rolls says. “After watching that fight, I understood that when you get two guys in the ring, anything could happen.“People count somebody out and everything … I just don’t really get that,” he continues. “I think it was more shocking for the fans and for the critics, but for my understanding, anything is possible when you get in the ring with another man.”Ruiz reinforced that notion against Joshua, transforming his life’s work into a lead-pipe lock of a page in boxing history. Now, Rolls will be looking to do the same.As Rolls sits with media huddled around him in the conference room setting of the Legends Room, he fully understands that his life’s work has led to this life-changing opportunity. In fact, Rolls, who juggles his personal training job in Toronto with his boxing career, walked SN through how he got the news about the GGG fight.“I had to run to the store one night and my manager, Todd Christie, called me and told me he had some life-changing news,” says Rolls, a new dad to 6-month-old daughter Sedeah, whose name will be etched in his gloves Saturday night. “He presented me with this opportunity, man, and I was excited. I jumped right on it.“Honestly, it’s been hard, man,” he continues, reflecting. “I’ve been through a lot of obstacles. I was trying to get these guys in the top 20, 5 through 10, I wanted all these fights. I wanted name guys and for some reason, I couldn’t get that. So, for me to finally get this opportunity presented to me, it means everything. This is what I’ve worked hard for my whole life.”A decorated amateur on the 2009 and 2010 Canadian National Boxing Team, Rolls turned pro in April 2011. Through the years, he has sparred against the likes of Billy Joe Saunders, David Lemieux and Adonis Stevenson — with trainer Tommy Howat telling SN that he “held his own” — but struggled to get a boxer of that caliber to actually fight him.Nevertheless, Rolls (19-0, 10 KOs) has defeated whoever has been put in front of him, including Demond Nicholson on Showtime’s “ShoBox: The New Generation” in June 2017 and KeAndrae Leatherwood during his last fight in December. That said, he has never faced a fighter the caliber of Golovkin (38-1-1, 34 KOs), whose pressure style helped him rampage to a record-tying 20 consecutive middleweight title defenses from December 2010 to May 2018 — a streak snapped by rival Saul “Canelo” Alvarez in their September rematch.Boxing pundits said much of the same about Ruiz — that his competition aside from Joseph Parker was never comparable to that of Joshua’s.And we all know how that turned out.The double-edged sword of Rolls being inspired by Ruiz, is GGG being extra cautious about taking the Canadian lightly. After all, Golovkin was in attendance to see what he called a “terrible” performance from Joshua and doesn’t want to generate a similarly disappointing performance against Rolls.“I could see the guy is motivated, he is ready to fight and go for his victory,” Golovkin told the media through an interpreter before Wednesday’s press conference, “particularly after this last weekend’s fight, which we all saw.”MORE: Get the latest news at SN’s GGG-Rolls HQFurthermore, Golovkin’s new trainer, Johnathon Banks, who replaced Abel Sanchez, has crossed paths with Rolls before and won’t allow his new charge to be caught off guard.“Steve Rolls is a tough fighter, he’s durable, but most importantly is what I’ve been saying for years and years and years,” Banks added. “When you have a guy with nothing to lose and the world to gain, he’s the most dangerous opponent you’re ever going to face.” NEW YORK — It’s Wednesday morning at Madison Square Garden and the remnants of Andy Ruiz Jr.’s monumental upset of Anthony Joshua from Saturday night are still bubbling at the iconic venue.In the days since becoming the new unified world heavyweight champion, Ruiz has experienced an explosion of his social media followers, tweeted his favorite treat, Snickers, to publicly shoot his shot at a sponsorship deal and made an appearance on “Jimmy Kimmel Live” from which he should win over even more fans for his affable personality.last_img read more

Gold Cup 2019: United States cruises to win over Guyana in opener

first_imgMcKennie injury a worry for USAIt was all going so well for USA before McKennie came off with a suspected hamstring injury in the 74th minute. The Schalke midfielder had set up the opener and his absence would be a blow for USA.What’s next?USA’s campaign continues against Trinidad and Tobago on Saturday, while Guyana take on Panama on the same day. Paul Arriola opened the scoring in the 28th minute before a Tyler Boyd brace and Gyasi Zardes goal in the second half.Having been under some pressure after struggles in friendlies, it was the ideal start for the defending champions as it joined Panama on three points in the group.Christian Pulisic was particularly bright down the left early for USA, who while dominant took time to create clear-cut chances.Boyd fired a chance wide in the 18th minute, while Pulisic was denied by a good save from Guyana goalkeeper Akel Clarke.But USA found a deserved opener through Arriola in the 28th minute.Weston McKennie did brilliantly down the left before passing inside to Arriola, who curled an effort past Clarke and into the far corner from inside the area.Goal @usmnt! @PaulArriola opens up the scoreline for the Stars and Stripes! #GoldCup2019 #ThisIsOurs pic.twitter.com/wr1Wedo7ri— Gold Cup 2019 (@GoldCup) June 19, 2019Pulisic almost teed up Nick Lima for USA’s second, but the fullback’s strike was well saved by Clarke after a pass from the attacker.USA should have gone into the break with a 2-0 lead, however Pulisic made poor connection with a header from a Lima cross at the back post on the stroke of halftime.But Boyd’s first international goal would double USA’s lead six minutes into the second half.Michael Bradley’s pass found Boyd, who took an excellent first touch before powering an angled finish into the bottom corner for USA’s 1,000th goal.51′ | GOAL @Tyler__Boyd scores the 1,000 goal in the history of the #USMNT‼ #GoldCup2019 pic.twitter.com/tGTnvK7GkF— U.S. Soccer MNT (@USMNT) June 19, 2019Zardes was fortunate to add to USA’s lead, Arriola’s powerful strike partially cleared by a defender into the forward’s face and into the back of the net.USA was in control from then on, although McKennie came off with a suspected hamstring injury.Boyd completed his brace in the 81st minute, taking a pass from Arriola before his 20-yard strike took a deflection and beat Clarke.What does it mean? USA makes bright startAfter disappointing friendly losses to Jamaica and Venezuela earlier this month, USA’s win was much-needed. Large parts of the performance would have also pleased head coach Gregg Berhalter and the group stage at the CONCACAF Gold Cup could be an opportunity for a much-needed confidence boost.Boyd, Arriola provide plenty of sparkAlthough it was against Guyana, Boyd and Arriola showed their worth. They combined for the fourth goal after earlier scoring one each and their pace and creativity were crucial for USA. The United States started its CONCACAF Gold Cup campaign with a comfortable 4-0 win over Guyana on Tuesday.USA ended a three-game winless run in fine fashion, dominating Guyana for the most part in the Group D clash at Allianz Field in Minnesota.last_img read more

Ten Midlands North golfers are chasing their dream

first_img22 May 2017 Ten Midlands North golfers are chasing their dream Ten women golfers are one step closer to playing with a star of the European Tour after qualifying for the national final of Bridgestone’s Chase Your Dream Trophy, run in partnership with England Golf. They came through the Midlands North regional qualifier at Elsham Golf Club, near Brigg in Lincolnshire, where Sally Sparrow, from Ullesthorpe Court Golf Club in Leicestershire led the way with a net score of 72. Sally now goes forward to the final in England Golf Week at Woodhall Spa, Lincolnshire, in August, alongside 14-year-old Hannah Golding (Brocton Hall, Staffordshire); Heather Tuck (Elsham, Lincolnshire); Debbie Deakin (Mickleover, Derbyshire); Caroline Carryer (Trentham, Staffordshire); Karen Hix (Sleaford, Lincolnshire ); Michelle Black (Rochdale, Lancashire); Sue Lockwood (Tewkesbury Park, Gloucestershire); Jing Reade (Bridgnorth, Shropshire); and Gill Kapka (Cleethorpes, Lincolnshire ). Sally, who plays off 15, said: “It was so exciting to see my name at the top of the leaderboard. I had played a practice round and studied the course guide and the pro’s comments about how to play the holes, so the preparations paid off. I am really looking forward to the grand final now.” The 10 finalists will be joined by qualifiers from five other regional finals and the overall winner will be England’s female Handicap Golfer of the Year. The top nine players in the field will play in the pro-am of the Bridgestone Challenge, the English leg of The Challenge Tour, at Luton Hoo on 6 September. They’ll be joined by the top nine players from the companion men’s championship, making up a total of six teams in the pro-am. The most successful of these teams will go on to the pro-am of the British Masters, supported by Sky Sports, at Close House in Northumberland later in the same month, playing with a star of The European Tour. The Bridgestone Chase your Dream Trophy is an annual event open to members of England Golf’s 1,900 affiliated clubs and features separate competitions for men and women. Players can already register their interest in the 2018 Chase Your Dream Trophy by clicking here. They’ll also be eligible for a series of premium prizes including VIP tickets for the British Masters supported by Sky Sports, sets of Bridgestone tyres and much more. Entries will open in the autumn to players who have been successful in 2017 club competitions and are eligible for the regional finals. Last season, England Golf and Bridgestone worked together to run a similar event called the Driveguard Trophy for club golfers. It made a dream come true for South West players Zack Rosen, Carl Broomfield and Peter Carr. The trio eventually found themselves as guests of Bridgestone at the British Masters supported by Sky Sports, playing alongside 2010 US Open winner Graeme McDowell. Click here for full scoreslast_img read more

SANTA ANITA’S POPULAR GUEST CHEF SERIES TO RESUME IN LUXURIOUS CHANDELIER ROOM ON KENTUCKY DERBY DAY, SATURDAY, MAY 7

first_imgHIGHLY ACCLAIMED CHEF NEAL FRASER, OF LA-BASED FRITZI, WILL SERVE-UP DERBY DAY FARE ARCADIA, Calif. (April 29, 2016)–Santa Anita’s popular Guest Chef Series, which emanates from the track’s luxurious Chandelier Room, will resume on Kentucky Derby Day, Saturday, May 7. In addition to the Run for the Roses from Kentucky and a full card of live Thoroughbred action at The Great Race Place, attendees will be treated to a full complement of world class cuisine provided by one of LA’s hottest restaurants, Fritzi, which is located in Downtown Los Angeles.Fritzi’s Chef Neal Fraser, who is also acclaimed for his trendy LA restaurants Redbird and BLD, has announced the following menu: Scottish Smoked Salmon Platter, Chicken Cobb, Kale Caesar, Roasted Heirloom Beets, Wood Fire Rotisserie Chicken, All Day Braised Beef Short Rib, New Crop Potatoes, Fritzi Slider, Veg Chilli Dog and German Pretzels.With three out of the last four Kentucky Derby winners based at Santa Anita, fans are encouraged to join the excitement on May 7, as this year’s early Derby favorite, the undefeated Nyquist, calls Santa Anita home as well, as does 2016 Santa Anita Derby winner, Exaggerator.The Guest Chef Series, which enables guests to experience LA’s innovative dining culture combined with the timeless tradition of nine decades of world class racing tradition at Santa Anita, will no doubt provide an unforgettable Derby Day experience for all of those who attend.Packages, which run from 12 noon until 4 p.m., include:–Entrance into Santa Anita’s Chandelier Room                –A catered menu from LA’s Fritzi Restaurant                 –Live music from the Ryan Cross Trio                –One Racing Program                –One Wagering Tip Sheet–World class simulcast and live Thoroughbred Racing                –(Approximate post time for the Kentucky Derby is at 3:40 p.m. PDT)Derby Day packages in the Chandelier Room are $85 each and are available online at santaanita.com/events, or in person at Santa Anita. To reserve your ticket, please email Alfred Granillo at Alfred.Granillo@santaanita.com.Fans are advised that there is a Chandelier Room dress code. Please visit santaanita.com/events for details or call (626) 574-6392.last_img read more

Italian football may finish its competitions until 2-A

first_img“The world of football is working responsibly to find solutions to the crisis and defend competitions,” he said. Gabriele Gravina, “deserves respect and not be used for controversy.” The president of the FIGC He expressed satisfaction in the dialogue with the Government: “I thank Minister Spadafora for the attention he has given us at this Wednesday’s meeting. We want to play safely again, this is what common sense suggests to us and what international organizations ask us “. The Italian Football Federation will extend until August 2 the deadline to finish this season’s competitions, which was set for June 30. An expected and inevitable decision, but one that represents another step forward for the institutions to resume the championships, pending the decision of the Government of the country.last_img read more