UK actuaries have called for the country’s benefit system to be “radically simplified” in order to cut costs and make transfers and consolidation simpler.The Association of Consulting Actuaries (ACA) has published a report in partnership with insurance company Royal London proposing the introduction of a “pensions pound” – a way of standardising various forms of accrued defined benefit (DB) rights into one format.Steve Webb, director of policy at Royal London and former pensions minister, has previously voiced support for a similar concept. He said there was “a huge prize to be had if the complexity of individual pension rights could be turned into a set of standardised rights of equivalent value”.“This would mean less money was spent running schemes and explaining complexity and could pave the way for greater understanding and better value for money,” Webb added. “This should be part of the government’s forward agenda.” UK DB schemes often have several different sections relating to different rates of accrual or indexation, as a result of rule changes or corporate mergers or acquisitions.The ACA and Royal London’s report outlined how benefits could be converted to a common standard “on an equivalent actuarial basis… using a set of suitable forward-looking assumptions”.The model included moving benefits to a single standard for indexation, which the report said would mean that “initial pensions for many members will be higher than at present when they come into payment” – implying higher liabilities for some schemes.Its authors acknowledged that the concept would need to be “carefully designed” to ensure it did not change members’ benefits adversely. It would also mean changes to the level of compensation provided by the Pension Protection Fund when a DB plan sponsor becomes insolvent. However, the report argued that the challenges were worth overcoming as the standardisation would aid several government and industry projects, the report said, including the pensions dashboard and DB plan consolidation.The report also claimed the cost of running a DB scheme could be reduced by as much as 50% in some cases through lower administration costs.“Ranking pension rights by their value in pension pounds would help people compare their rights under DB, [defined contribution] and state pension systems,” the report said. “This could be useful in presenting information via a ‘pension dashboard’ and will help members understand potential savings gaps.”Faith Dickson of the Association of Pension Lawyers, which gave legal guidance on the report, said: “It’s so important for schemes to be able to focus on member security rather than complex administration, and pension simplification would be a huge step towards achieving this.“Preserving historic complexities of pensions as we are doing now is doing members no favours, when simplification would provide the same value benefits and let schemes focus time and money on the best way of securing those benefits for the same value and let schemes focus time and money on the best way of securing those benefits for them.”The report is available here.
Comments Facebook Twitter Google+ Three seconds were left on the clock. Manchester Regional High School (New Jersey) was down by one. The ball was in Kadejhia Sellers’ hands, like it always was at the end of games. The star basketball player would graduate Manchester as the all-time leading scorer with 1,059 points. And Manchester just needed two.Head coach David Sposato still remembers what happened next vividly. Sellers dribbled the length of the floor, through the entire defense for a game-winning layup as the buzzer sounded.“For most people to dribble the length of the court in such a short period of time while being covered would be impossible,” Sposato said. “But due to her sheer speed, she was able to do it.”Sellers has taken her speed to the next level, now a senior leader for Syracuse in track and field. She received All-ACC honors in 2016-17. That spring, she placed third in the 400 meters at the ACC Championships. Last season was highlighted by a win in the same event at the Boston University Valentine Invitational. Her raw athleticism and leadership make her the runner she is.“She’s the kind of kid that I’d love it if she had eight years of eligibility and we can go ahead and play with her being a 60-meter runner one year and play with being a 200-meter runner one year,” Syracuse assistant coach Dave Hegland, who coaches the sprinters, said. “I just think she could do a lot. She’s got a really wide range of abilities.”AdvertisementThis is placeholder textSellers’ mom, Patsy Waters, remembers when Sellers was little and played outside, developing the versatility that would propel her. During games of hide and seek, Sellers would sprint and be the first one hidden. She was never caught.“She just moves really, really quick,” Waters said. “So I was like, ‘wow.’ And she has really long legs, too.”When she moved from South Carolina to New Jersey her sophomore year of high school, she landed a spot on the Manchester basketball team.The 2014-15 season was Manchester’s best in three decades. After Sellers graduated, it went from 15 wins to five wins the next year. Sposato said she still holds an “iconic” role in school history. Her number, 20, has not been worn since she left. It didn’t matter if she were exhausted, Sposato said. With their fast pace style of play, she normally was. But when the team needed her late, she would kick into another gear.“It’s a great thing when your best player is also your hardest worker,” Sposato said. “So the rest of your team is working their butts off because you have a girl who’s a stud, who’s all out sprinting and coming early and putting the time in.”She ran track before she moved states, though only in the outdoor season because of basketball. She threw discus — not every meet, she was just “playing around” — and nearly broke a school record on her first throw. She’s also ran the 60 meters in 7.37 seconds which Hegland called “exceptional” for a 400-meter runner.Anna Henderson | Digital Design EditorSposato believed that even if she was taught volleyball, she would’ve been the best player on the court. Hegland wishes there was more time in each season so he could have really seen what she could do.At Manchester, a fast time in the 400-meters in her junior year caught the attention of schools like Syracuse. Hegland said the more the staff learned about Sellers, the more they liked her.“The fact that she was playing basketball and playing at a high level, that helped her,” Hegland said. “She picks up on new things really quick … She’s a very adaptive athlete.”Some Division II schools offered to bring her in for both basketball and track. But Sellers said she recognized that while her passion was basketball, her talent was track. She could do more with it.When Sellers got to SU, she had to make adjustments. Running indoors for the first time, she had to learn how to cut into lanes quicker, as well as adjust to different lengths.“Mentally it kind of messes you up, whereas outdoor you’re just running one lap and indoor is two laps,” Sellers said.But she fit in quickly, becoming All-ACC in indoor, not outdoor. Hegland was impressed with how well she faced the steep learning curve. As the only senior female sprinter on the roster, it’s now her turn to help the younger runners make their adjustments.“She always has a plan and a goal not only for herself, but for the whole team,” Alexis Crosby, a freshman teammate, said. “So it’s been an inspiration to be around her and to just learn from her.”While Sellers specializes in the 400-meter run, she has been used elsewhere — and has found success. She finished second in the 200-meter race in the 2017 BU Valentine invitational. In the 2015 Cornell Greg Page Relays, she won the 300-meters.But no matter what Sellers does, her philosophy remains the same.“Everything I do, I have to make sure I do it in excellence,” Sellers said. “Because if I do it in excellence, then the team will follow that excellence.” Published on January 30, 2019 at 1:01 am Contact Eric: email@example.com
WATCH US LIVE Team India continue their medal-winning run at the ISSF World Cup Finals in China on Thursday as Elavenil Valarivan and Manu Bhaker won gold medals in their respective events at the event. Elavenil claimed the top honours in the women’s 10m air rifle competition shooting 250.8 to edge past Taiwan’s Lin Ying-Shin (250.7). Romania’s Laura-Georgeta Coman finished third with a score of 229. Elavenil had qualified second for the finals with a score of 631.1 behind Ying-Shin (632.3). 10 months ago MyGov highlights Heena Sidhu’s achievements in #BharatKiLaxmi campaign 1 year ago Shooting World Cup: Abhishek Verma wins Gold, Chaudhary bags Bronze COMMENT ISSF World Cup 2019: Elavenil Valarivan careerThis is Elavenil’s second senior World Cup medal in her career after winning the first medal this year in Brazil. She had compatriot Anjum Moudgil to win the gold. Elavenil had scored 251.7 in the tournament to earn the top spot. The shooter is currently ranked third in the world in her category.Also Read: World Cup Shooting: Manu Bhaker Misses Final Round By A PointISSF World Cup 2019: Manu Bhaker GoldManu Bhaker won the gold and also created a junior world record in the women’s 10m air pistol event. The 17-year-old shot 244.7 to win the top prize in the prestigious competition. Serbia’s Zorana Arunovic won the silver with 241.9, while Quian Wang of China bagged the bronze with 221.8. In the same event, Manu Bhaker’s compatriot, Yashaswini Singh Deswal finished sixth in the final.Also Read: UFC: Francis Ngannou Says That ‘Big News’ Is Coming Soon For HimISSF World Cup 2019 results In the men’s 10m air pistol event, Abhishek Verma and Saurabh Chaudhary qualified for the final but couldn’t claim medals.Also Read: UFC: Khabib Nurmagomedov’s Father Is Planning His Second Marriage At The Age Of 56Verma topped the qualifications with 588 but ended fifth in the final with a score of 179.4, while Chaudhary was seventh in the qualification with 581 before signing off sixth in the last-eight stage with 159.8. First Published: 21st November, 2019 14:17 IST Written By SUBSCRIBE TO US Last Updated: 21st November, 2019 14:17 IST Elavenil Valarivan Wins Gold In Women’s 10m Air Rifle At ISSF World Cup 2019 Elavenil Valarivan claimed the top honours in the women’s 10m air rifle competition shooting 250.8 to edge past Taiwan’s Lin Ying-Shin who shot 250.7. LIVE TV FOLLOW US 1 year ago Shooting: India’s Elavenil claims her maiden World Cup gold medal 9 months ago Biggest-ever Indian squad look to end on high in World Cup Finals 10 months ago Deepak Kumar earns 10th Olympic quota; India bag five medals WE RECOMMEND Also Read: Manu Wins Gold In World Cup Finals Suraj Alva
The Ghana Rugby national men’s fifteens and women’s sevens teams, the Ghana Eagles, gathered at the Accra Sports Stadium on Saturday 24 September 2016 to play trial matches in preparation for upcoming international clashes.The ladies sevens team led by Kukua Aggrey and Rafatu Inusah, played two matches during the men’s 15s match break and another one after the men.According to Simba Mangena, one of the men’s fifteens Ghana Eagles coaches, there has been a general improvement in communication in all departments with good coordination in the back three.Mangena said that Cosmos flanker Raymond Ata had a sterling performance which showed in his good work rate off the ball. In addition there has been good improvement in tactical play at the lineout. According to Mangena, areas that need attention are urgency at the breakdown, decision making in attack, final passes after breaking the defence line and running lines. Amuzuloh Salim, another Ghana Eagles coach, said that the trial match went well despite an early shock try from the B team. According to him the coaches are in general satisfied that they have two strong sides that provide the technical bench with options should it be required.“We appreciate the opportunity and will be very happy if more such trial matches can be scheduled so that the players get to know each other very well,” he said.The captain of the A team, Michael Ako Wilson, said that he was happy with the levels of discipline and communication and the fact that no injuries were recorded.“As the playing body we see a great future for Ghana Rugby and all players must be ready to go that extra mile with the administration to achieve the best for the nation in the upcoming international matches against Niger, Togo and Nigeria,” he said.The period from now to December will be a very busy time for the Ghana Rugby family with U20 and women’s sevens trials coming up, followed by another men’s fifteens trial match, an international friendly against Niger on the 2nd of October and the possibility of further international matches as part of the just established WARS (West Africa Rugby Series) tournament organisation. The Ghana Rugby Club Championship (GRCC) is also scheduled to kick off with ten Club teams from the Greater Accra Rugby Association (GARA) and CentWest that will battle for top honours in this year’s league.The GRCC was won by Conquerors SC earlier this year when they dethroned previous champions Cosmos Buffalos RFC.
Shohei Ohtani’s next start for the Angels will be in a major league exhibition UP NEXT: Angels (JC Ramirez) vs. Rangers (Bartolo Colon), Sunday, 1 p.m. PT, Tempe Diablo Stadium, Fox Sports West, KLAA/830Related Articles THE GAMES: The Angels lost a pair of games to the Giants on Saturday, dropping a 9-8 decision in Tempe and losing 11-7 at the Giants’ home park in Scottsdale. The Angels (6-11) have now lost six games in a row.PITCHING REPORT: In Tempe, left-hander Andrew Heaney gave up two runs in 3-1/3 innings. He had not allowed any runs in his first two starts of the spring. Heaney struck out five, giving him 11 strikeouts in 8-1/3 innings. He said he’s noticing a difference from moving back to the first base side of the rubber this spring. “It’s just something that might not have looked any different from video, but I can tell the swings I’m getting are totally different,” Heaney said. … Right-hander Felix Peña, who had not allowed a run in five innings in his first five games, got the chance to work multiple innings for the first time. He struck out two to finish the fourth, but then he gave up two hits and a walk to start the fifth, recording just one out before he was pulled. … In Scottsdale, right-hander Parker Bridwell gave up four runs on five hits in three innings. He did not walk a batter and he struck out five. … Right-hander Luke Bard, a Rule 5 pick, pitched two scoreless innings, with two strikeouts.HITTING REPORT: In Tempe, Mike Trout hit his first homer of the spring, a long blast that cleared the batter’s eye in center field. Trout said he’d hit balls over it in batting practice, but never before in a game. He also had two singles, after coming into the game with one hit in his previous 14 at-bats. … Kole Calhoun had two hits, improving to 8 for 15 this spring. … The Angels had eight consecutive singles to produce six runs in the third inning. … In Scottsdale, Luis Valbuena had two hits, including a three-run homer, his second of the spring. … Chris Carter and Jabari Blash also homered.DEFENSE REPORT: In Tempe, third baseman Zack Cozart couldn’t handle a hard ground ball to his left. It was ruled a hit. Cozart, who has been a shortstop for his entire career, is learning to play third. … In Scottsdale, third baseman Kaleb Cowart ranged far into found territory to make an over-the-shoulder catch. Newsroom GuidelinesNews TipsContact UsReport an Error