Majority of investors not planning to drop UK assets post-Brexit

first_imgWith the UK general election on 8 June having delayed the start of formal exit negotiations with the EU, there is little certainty about the impact of regulatory changes on the financial sector.However, some businesses are already envisaging operational changes. Almost a third (31%) of the investors surveyed said it was either “moderately likely” or “very likely” that they would reduce their operational or organisational presence in the UK.A similar proportion (29%) said they did not envisage any changes, while 10% said they were likely to increase their presence.#*#*Show Fullscreen*#*# Source: State StreetHow State Street’s clients envisage changing – or not changing – their UK allocationsThe German regulator is to host a workshop for UK asset managers next month to provide information to those firms seeking to establish a presence in Germany, as IPE reported yesterday.Michael Metcalfe, head of global macro strategy at State Street Global Markets, said there were “tentative signs” of a post-Brexit slowdown – something that was widely predicted before last year’s referendum, but has yet to materialise. Long-term investors remained optimistic, however, Metcalfe said.This week the UK’s economic growth figure for the first quarter was revised down from 0.3% to 0.2%. Year-on-year growth was also revised down slightly, from 2.1% to 2%.“The beginning of Brexit would appear to have done little to dent the confidence of long-term investors in the UK,” Metcalfe said. “The question now is whether that will last as actual Brexit takes shape during the negotiation process.” The early political rhetoric surrounding Brexit has not persuaded most institutional investors to drop UK investments, according to a survey from State Street.The firm surveyed 101 of its institutional clients in the immediate aftermath of the UK triggering Article 50 of the EU constitution, which confirmed its intention to leave the bloc.One fifth (19%) of investors said they planned to reduce their UK holdings in the next six months, up from the 16% recorded at the start of the year. However, the majority – nearly two thirds (64%) – did not envisage changing their UK allocations.Sentiment was marginally more positive quarter-on-quarter, State Street reported. More than a third (35%) of investors said they were positive about global economic growth on a three to five year view, up from 33% at the start of the year. Just 11% said they had a negative outlook, compared to 19% who were bearish on medium-term prospects in January.last_img read more

Actuaries call for pension benefit simplification to aid consolidation

first_imgUK 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.last_img read more

German chemicals company de-risks with lump sum payments

first_imgTwo in five workers at German chemical and consumer goods company Henkel have accepted an offer to have their minimum-guarantee pension converted into a fixed lump-sum payment.Speaking at the Handelsblatt conference on occupational pensions in Berlin earlier this month, Martina Baptist, head of pension management for Germany and Switzerland at Henkel, said half of retirees with pension levels of €200 a month or less took the offer of converting their guaranteed pension income to a lump-sum payment, when the offer was introduced in 2015-16.Since 2017-18 the company has been making a similar ‘buyout’ offer to employees covered by Henkel’s AV 2004 pension plan.Their basic pension, including an average guaranteed return, was converted into a guaranteed lump-sum payment upon retirement to buy out their “past services” accrued in the plan. As for their “future services”, Henkel pays contributions to a defined contribution (DC) plan with a minimum guarantee of these payments and any contributions made by the employee – mostly via deferred income, known as Entgeltumwandlung. Credit: Dietmar GustMartina Baptist explains Henkel’s long-term pension de-risking planSo far, 40% of a selected group of employees at the lower income end have accepted the offer, Baptist said. The company plans to roll out the offer to other employee groups all over Germany over the next few years.“The other employees are actually expecting to be offered the buyout,” Baptist said. She did not say whether this would also include senior-level staff.Long-term de-riskingIn a bid to reduce its pension liability risk, Henkel has taken various steps over the past two decades – including the introduction of a new pension plan, AV 2004, to replace its pure defined benefit (DB) plan.The new plan consisted of a basic pension element with a guaranteed return of between 3% and 6%, with a top-up payment into a pure DC “building block”.In 2004, existing employees were urged to join the new scheme – sometimes by “linking promotions to people agreeing to being bought out of their old pension contracts”, according to Baptist.This buyout solution is now a key element in Henkel’s bid to further reduce its pension liability risk.The AV 2004 plan was closed to new entries in 2011 when a DC plan with a guarantee on contribution levels was introduced for new employees.Since then, the company has rolled out a campaign, dubbed “capital instead of pension”, to encourage more of the company’s 5,000 employees and retirees still covered by AV 2004 to switch to a one-off payment.Positive responsecenter_img Credit: Dietmar GustMercer’s Stefan Oecking addresses the Handelsblatt conferenceStefan Oecking, partner at Mercer, which helped implement Henkel’s buyout exercise, said in his presentation at the Handelsblatt conference that a comprehensive information campaign was part of the buyout scheme.“There was both individual information as well as group events, and people get a reminder on their choice before the offer expires,” he said.He said many employees “find the offer very attractive”, mainly because the lump sum can be bequeathed, while accrued pension rights cannot.In addition, the payment is guaranteed if the employee becomes disabled or ill, and can be paid out in installments or used to buy an annuity.Baptist is convinced a lump-sum payment on retirement “is also a better fit for people who are planning to move abroad after retiring or want to buy a house”.At the Handelsblatt conference various major German companies presented their de-risking plans for in-house pension plans – but Henkel is the only one with a major buyout scheme.In Henkel’s 2018 annual report, pension obligations were the only “high risk” status category, apart from macroeconomic challenges.As per year-end 2018, Henkel’s DB obligations for its German plans amounted to €3bn, while plan assets stood at €2.7bn. A decade ago, liabilities were €1.8bn and plan assets were €1.5bn.last_img read more

‘Critical Peak Load Control’ issued for today

first_imgOsgood, In. —Officials from Southeastern Indiana REMC have issued a Critical Peak Load Control advisory for Monday, August 6 from 5 to 8 p.m.last_img

Ospreys run comes to a soggy end

first_img Ospreys put up a real fight in a bid to keep their unbeaten record going, as they battled back from trailing 18-3 at half-time to narrow the home side’s lead to 18-16 in the final 20 minutes. A Martin Roberts score and the boot of Sam Davies had brought the Ospreys right back into the game, but Cave’s 78th-minute try settled the game for a relieved Ulster. The conversion of Cave’s effort by Ian Humphreys proved a real sting in the tail as it denied the Welsh side a losing bonus. Even with the rain driving down, Ulster showed their attacking intent from the off and after showing they had an edge in the scrums the home side shunted the Ospreys off the ball in their own 22 and from the attack, Cave got the try from close range after 10 minutes. Paddy Jackson nailed the conversion and Ulster were up and running at 7-0, and the margin became 10-0 after 20 minutes when Jackson kicked a penalty, adding another just after the half-hour mark following a driving maul from the home side were disrupted. The Ospreys finally got off the mark in the 32nd minute when Sam Davies landed a penalty which came straight after the restart. At 13-3, the next score looked crucial and it fell to Ulster when their scrummaging power again resulted in a penalty, and after they kicked for the corner the home side launched a driving maul which made it to the line with second row Van der Merwe scoring in the 39th minute. Jackson missed the conversion and the half ended with Ulster leading 18-3. Ulster climbed to second place in the Guinness Pro12 table as they halted leaders Ospreys’ 100 per cent start to the campaign. The Ospreys needed to respond and did so three minutes into the second period, after their line-out maul drove over the Ulster line and scrum-half Martin Roberts got the touchdown which Davies converted to narrow the home side’s lead to 18-10. Momentum had swung the Ospreys way and two penalties from Davies shortly before and after the hour mark narrowed Ulster’s lead to just 18-16, with the second strike following just after Jackson was forced off with what appeared to be an arm injury. It was nerve-jangling and the conditions were worsening, Ulster somehow found a way to relaunch their line-out maul late on and after a series of pick-and-gos, Cave got the ball with space and stepped inside to just make the line, the vital score coming courtesy of the TMO. Humphreys, on for Jackson, converted which not only secured the game but denied the Ospreys any reward. A hard-fought 25-16 win at rain-lashed Kingspan Stadium came at the expense of a side who had launched their league season with seven straight victories. Two tries from Darren Cave – one in each half – and a first-half effort from Franco van der Merwe brought Ulster the four points. Press Associationlast_img read more

Somerset & New Zealand all-rounder cancel Corey Anderson’s T20 Blast contract

first_imgLondon: Somerset and New Zealand all-rounder Corey Anderson have mutually agreed to cancel his contract for this year’s T20 Blast competition. Theclub, in a statement, said that this decision suits both parties at this time and it is hoped that “Anderson will return to play for the county at some point in the future”. The 29-year-old had signed for all 14 group-stage matches, plus a potential quarter-final. “The last few months have not been an easy time for anyone and the challenges of dealing with the impact of the pandemic within cricket have been unprecedented. I would like to thank Corey and his representatives for their transparency and understanding in reaching this mutual decision,” Director of Cricket, Andy Hurry said. IANS Also watch: Murder in Betjan Tea Estate; Chowkidaar found murderedlast_img read more

Cricket News Mitchell Starc enters elite list with 200th wicket in Day-Night Test against Sri Lanka in Brisbane

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. highlights Starc is the second Australian left-arm pacer to take over 200 wickets in Tests, with Mitchell Johnson being the other, having taken 313 wickets. The Australian is the seventh left-arm pacer to take over 200 wickets, with Pakistan sensation Wasim Akram taking 414 wickets in 104 Tests. Things got even better for Starc as he dismissed Dilruwan Perera for 1, edging to Labuschagne at slip.Australia will be looking to start 2019 off to a great start as they aim to win the Test series against Sri Lanka. Tim Paine’s side have not lost a Test in the Gabba for over 30 years and they have never lost a Day-Night Test. Sri Lanka, on the other hand, have also not lost a Pink Ball Test but they have never won a Test match in Australia. Starc is the second Australia left-arm pacer to take 200 Test wickets.Suranga Lakmal was Starc’s 200th victim.Australia and Sri Lanka are unbeaten in Day-Night Tests. New Delhi: Mitchell Starc, Australia’s pace spearhead, has not been at his best in 2018. After picking up nine wickets in the Durban Test against South Africa, including a haul of 5/34, Starc suffered from fitness issues which kept him out of action for close to six months. The left-armer made a comeback in the Pakistan Tests in the UAE but he lacked rhythm and control as he finished with just four wickets at an average of 44. In the Tests against India, he looked wayward and finished with just 13 wickets in four Tests at an average of 64. In the Day-Night Test against Sri Lanka in Brisbane, Starc appeared to have trapped Lahiru Thirimanne LBW for 5 but the decision was overturned on review.However, Starc’s frustrations ended later in the day as he finally got his 200th Test wicket when he had Suranga Lakmal caught at third slip by Marnus Labuschagne for 7. The ball was full and was bowled from round the wicket, Lakmal looked to defend but the ball nipped away and the edge was taken low. Starc became the 16th Australian bowler to go past 200 Test wickets and he is the 10th quickest to reach the landmark in his 50th Test. Clarrie Grimmett, the legspinner holds the record for the quickest Australian bowler to 200 wickets, achieving it in just his 36th Test while among pacers Dennis Lillee took 38 Tests to get to the landmark.last_img read more

Cricket News On this Day – Sachin Tendulkar’s ultimate heartbreak in Chennai Test vs Pakistan

first_img New Delhi: January 31 will be remembered as the day God wept. It was a day when India suffered a heartbreaking defeat. Sachin Tendulkar, battling back spasms, scored a brilliant century to put India on the cusp of a famous win against Pakistan in Chennai. However, his dismissal triggered a disastrous collapse which saw them lose the match in stunning fashion. So shocked was Tendulkar that he wept in the dressing room. So broken was Tendulkar that he did not even collect his Man of the Match trophy. It was on this day, 20 years ago, that India and Pakistan played out a classic Test in Chennai. The match will be remembered for Tendulkar’s ultimate heartbreak and for the way Chennai’s fans showed their sporting spirit by clapping the effort of Pakistan’s cricketers. January 31, 1999 witnessed the dramatic end of the Chennai Test between India and Pakistan.Pakistan visited India for a Test series after 12 years and there was immense pressure on their arrival. There were protests by political groups who threatened to derail the series at any cost, the pitch at the Feroz Shah Kotla was dug up and there were sections of the Indian public who did not want Pakistan to tour India due to the continued tension over the Kashmir issue. In this volatile atmosphere, Pakistan played their first Test in Chennai and they chose to bat. A fine 53 from Mohammad Yousuf (then Yousuf Youhanna) and Moin Khan (60) helped Pakistan to 238 all out. Anil Kumble was the star with 6/70 in 24.5 overs.India responded with solid fifties from Rahul Dravid (53) and Mohammad Azharuddin (54) as India managed to take a slender 16-run lead. Saqlain Mushtaq was the pick of the bowlers with 5/94 off 32 overs and he had gotten rid of Tendulkar for a five-ball duck. With the pitch beginning to crumble, Pakistan required a special effort and they got it in the form of Shahid Afridi, the 17-year-old who was playing his second Test. Afridi blasted 21 fours and three sixes and he was given good support from Inzamam-ul-Haq (51) as Pakistan looked to build a big total. Venkatesh Prasad, though, had other ideas and he ran through the Pakistan batting to finish with 6/33 as Pakistan lost six wickets for 11 runs to be bowled out for 286. This left India chasing 271 on a tricky wicket. Pakistan were playing a Test in India after 12 years.The Feroz Shah Kotla was the venue for the 1st Test but it was dug up by a political group.Saqlain Mushtaq took 10 wickets as Pakistan won the Chennai Test by 12 runs. highlights For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. With Wasim Akram and Saqlain at the peak of their powers, India found the going incredibly hard. At 82/5, the game seemed over but Tendulkar, who was battling back spasms, shared a wonderful partnership with Nayan Mongia who scored a gutsy 52. Every run they scored increased pressure on Pakistan. Mongia was battling fever while Tendulkar’s back pain increased. Akram was also nursing his injured groin. However, like warriors, they battled on. Along the way, Tendulkar was dropped by Moin off Saqlain. The momentum was with India.Pakistan found relief when Mongia fell for 52 but Tendulkar carried on and scored a brave century. At 254/6, the game seemed to be up.  On 136, the game-changing moment occurred. Saqlain bowled a flighted doosra and Tendulkar miscued the lofted shot to mid-off and Wasim Akram took the catch. Tendulkar was out for 136 and India still needed 17 runs. In a sensational collapse, Saqlain and Akram ran through the lower order and India lost the match by 12 runs.The celebrations in the Pakistan camp were delirious. The fans in Chepauk were in shock and the Indian team was distraught. Pakistan started the victory lap and what the world witnessed showed the power of sport. The entire Chepauk crowd stood and gave a standing ovation to the Pakistan team as they were on their victory lap. The one moment summed up how effective sports can be in eliminating diplomatic tensions.The magic of Chepauk would be replicated in Delhi in the following Test with Anil Kumble becoming only the second bowler to take the Perfect 10, joining Jim Laker as the two-Test series ended 1-1. However, 20 years ago, the cricketing world had seen a classic in Chennai and it had all the elements to make it one of the all-time great Tests.last_img read more

Rain-hit cricket World Cup may cost insurers millions – industry sources

first_imgLONDON, England (Reuters) – Lost revenues from a record number of rain-hit Cricket World Cup games in England and Wales may result in insurance claims of a few million pounds for each abandoned fixture, insurance sources say.Broadcasters, organisers, venues, advertising sponsors and catering establishments are among firms to have missed out after four matches were called off in an exceptionally rainy June.Due to the hectic nature of the tournament, which features 48 one-day matches between May and July, finishing on July 14, there is no opportunity to reschedule, except for the semi-finals and final.Companies typically buy contingency, or cancellation, insurance for sporting events, which covers everything from rain stopping play to terror attacks.Lloyd’s of London insurer Beazley estimated, for example, that the Football World Cup in Russia in 2018 was insured for more than $10 billion (£8 billion), including cover for property damage and cyber breaches, as well as cancellation.Insurers say cover for the less-popular cricket equivalent will be much lower.Star India has the global media rights for the cricket tournament but has licensed further rights to sports broadcasters in other countries.However, it is likely to have lost at least £1 million for each abandoned match, insurance specialists estimate, as it gains huge advertising revenue in India for a popular sport in a nation of more than one billion people.Star India did not respond to requests for comment.There are 123 advertising spots for broadcasters in a World Cup match, after each of the 100 overs and 20 wickets and during refreshment breaks, said Jonathan Ticehurst, a director at Lloyd’s of London insurance broker Bishopsgate, who has arranged insurance for previous Cricket World Cups.Broadcasters buy contingency insurance, as “in the event of no play, they are not able to charge” the advertisers, he said.TICKET SALES The fixtures, several of which were sold out, also attracted ticket sales of at least a few hundred thousand pounds each, with larger games likely attracting sales of more than a million pounds, based on Reuters estimates.Spectators get all their money back if no ball is bowled, or if the game is abandoned after a short period of play.The England and Wales Cricket Board (ECB), which gets the revenue from the ticket sales, said it had an insurance policy against matches being called off, but declined to comment further.Star India likely took out contingency insurance from Indian insurers, but reinsurance may have been provided by the specialist Lloyd’s of London market, insurers said.Reinsurers share the burden of large losses with insurers, in return for part of the premium.The ECB will likely also have bought insurance from the Lloyd’s market, along with county teams whose grounds were booked for the rained-off matches, industry sources said.The local teams will buy insurance against lost sales from the venues’ bars and restaurants, sources said.But insurers may also have required clients to bear the losses themselves for one, two or even three abandoned games, specialists said. At four matches, they are likely to be able to claim insurance, if not before.“Insurers probably looked at the calendar and reckoned you would not go through the whole World Cup without two or three games being rained off,” said one underwriter.“They will probably charge a two-game or three-game excess.”The four abandoned matches were all at smaller venues. An abandoned match at a bigger ground in London, Birmingham or Manchester over the remaining 3-1/2 weeks of the tournament would have an even greater financial impact, insurers say.last_img read more

FATHER’S TIME: After 2 years at Denver, Brendan Bomberry realized he had to be closer to his son

first_imgAlly Moreo | Photo EditorIn the winter, Brendan’s family filled the rink with ice for hockey. In the spring, the neighborhood left it empty for box lacrosse.Juggling lacrosse, Brittany, Jagger and everything else became an increasingly imposing challenge. Brendan played in four games after North Carolina, but felt distracted. He struggled to keep up in class, particularly with Analytical Inquiry II.The computer science course asked students to write code for video game software. Brendan’s preoccupation with his family contributed to him missing the term’s class drop deadline. He eventually failed the class, rendering him ineligible for the season’s final 11 games. He couldn’t travel for road games, meaning some weekends suddenly became free.Four or five times from March until May, Brendan flew from Denver to Syracuse to see his girlfriend and son. Brendan felt obligated to be there for ailing Jagger.“(Ineligibility) was a blessing in disguise,” Brendan said.Brendan met Jagger and Brittany in Ontario once the hospital released them. The family drove to Philadelphia to see Denver play in the Final Four. He couldn’t play but wanted to support his teammates. He also wanted Jagger to have that memory.The Pioneers that weekend claimed their first national title as Tierney realized the fantasy he’d pitched Brendan long ago. The championship ring now sits at Amy and Patrick’s house alongside the rest of Brendan’s trophies.The following summer, Brendan spent nearly every day with his girlfriend and son. He struggled leaving for school in the fall, overcome with emotion. He had decided to drive to Denver for sophomore year. Before he set out, Brendan told Brittany he wouldn’t go without her and Jagger. Within an hour, the three left together. Brittany finally told her mother as they approached the U.S. border.The three lived with five DU teammates for about two months. The other players, said Matt Jones, felt like uncles. They helped however they could, but eventually the three moved into their own apartment.“We’re super spontaneous,” Brittany said. “Everything’s not really planned with us.”Patrick had told Brendan before he left to be careful of his actions. No matter what, he said, Jagger will be watching. Brendan has since cut back on occasional trips to the bar, and now brings Jagger along when he hangs out with friends. They mostly stay in and play Xbox One games, like NBA 2K or NHL.In moving to Denver, Brittany had put her modeling career on hold. She felt comfortable with the sacrifice, but the Colorado fashion scene barely existed. She modeled for one show in nine months and thought, for her career to thrive, she needed to live near a vogue hub like Toronto. Anxiety built up in Brendan as he knew Brittany didn’t want to live in Denver for a second year.The strain of two dreams and one child made it impossible to be a couple. This past summer, Brittany and Brendan stopped dating. They currently share custody of Jagger and remain in close contact.“For him to excel, Jagger’s got to be a part of his life,” grandfather Scott Smith said. “He can’t go away and not see Jagger for weeks or months at a time. He just wouldn’t be the same person or the same player because of that.” OHSWEKEN, Ontario — Brendan Bomberry’s phone wouldn’t stop buzzing. So many texts. So many calls. The constant hum prevented him from opening the lock screen.Sitting in the airplane seat on a tarmac in Chapel Hill, North Carolina, on Feb. 26, 2015, Brendan’s new life began. He had become a father.“One of the happiest days of my life, him being born,” Brendan said, “but it was also one of the scariest.”Jagger, his son, arrived hundreds of miles away and shockingly early. The boy was born three months prematurely — so early that Brendan hadn’t told most of his teammates and coaches that his girlfriend Brittany Sobeski was pregnant. She had stopped in Syracuse to meet up with Brendan’s relatives for a drive from Ontario to Chapel Hill, where Brendan’s Denver lacrosse team would play North Carolina, when the contractions started.Mothers of premature babies typically receive steroids for the child’s heart and lungs. But Brittany’s labor started as nurses changed shifts, and it moved quickly. She panicked. St. Joseph’s Hospital doctors performed an emergency cesarean section surgery. The whole process took 30 minutes.AdvertisementThis is placeholder text“Chaos,” Brittany said.Brendan didn’t want to play against the Tar Heels, but did at Brittany’s urging. He scored two goals and then immediately flew to Syracuse. He saw his newborn son battling through complications from his premature birth. Jagger weighed 2 pounds, 11 ounces. For the first month, his heart stopped once a day and once a night. Brittany asked nurses if her son would survive. They couldn’t tell her. They didn’t know.Brittany lived at the hospital with Jagger for 64 days. She never left for more than a few hours at a time. Those few moments she spent with Brendan’s aunt Cheri and uncle Marshall, the planned copilots for the Chapel Hill trip. But Brittany always returned to Jagger quickly. Otherwise, anxiety kicked in.After a few days in Syracuse, Brendan had to return to school at Denver. He and Brittany FaceTimed constantly as the father waited for news of his son. As days became weeks and weeks became months, Brendan realized monitoring another human life was now his life. He had to grow up.In summer 2016, after two trying years at Denver and just before the transfer deadline, he made a decision for his family. Jagger being born in Syracuse was a sign, he thought. It must be. Brendan decided to finally join the team he’d admired since childhood.Lacrosse had been the one constant in his life since Jagger’s birth. The sport, in Mohawk tradition, serves as the thread tying the living to their ancestors. He found comfort in the familiarity and led the nation in man-up goals with 11 last season as a part of his 33 points. To reconnect with his family though, he needed to make a change. Now, the junior attack will be a key cog in Syracuse’s offense this season.“SU is the only place that would have taken me away from Denver,” Brendan said.,Depending on the season, the surface behind Brendan’s childhood home functions as a box lacrosse field or an ice hockey rink. It was one of the most popular spots in his neighborhood because all the other kids in his family came over to play. From there, you can see the adjacent houses belonging to his grandparents and an aunt.That family community helped Brendan’s parents, Amy and Patrick, raise their first-born son when they had him as teenagers. Brendan spent a lot of time with his cousins as his parents worked to sustain the family. After he was born, Patrick worked through high school with two part-time jobs, one as a factory security guard and the other at a gas station. Amy was in college with an active baby boy.As a child, Brendan’s routine became wake up, grab a stick and play on the rink. Brendan’s grandparents set a curfew because they couldn’t sleep when pucks and balls smashed off the boards late at night. The kids adapted, forced to be accurate: Hit the net or cause a ruckus.Family and lacrosse collided for Brendan in Syracuse. He often drove four hours to the Carrier Dome to watch his uncle Marshall, a key figure in the Orange’s 2000 national championship. He always wanted to play in the Dome. When he transferred to SU, Brendan wanted to wear No. 43, Marshall’s number. But it was taken. Still, his family and his heritage serve as his primary motivation.“Before I step on the field,” Brendan said, “that’s what I think about. ‘Who am I playing for? Why am I doing this?’ I think of my family, my son, the Creator and my people.”Brendan hadn’t chosen Syracuse at first for a few reasons. Part of it was that he wanted to play at the same school as Zach Miller, his best friend and high school teammate. He was also intrigued by the Denver staff. Head coach Bill Tierney, a six-time national champion at Princeton, pitched Brendan on taking an unproven Pioneers program to unprecedented heights.While they supported Brendan, the decision surprised several family members. Many worried that living three-quarters across the continent would be too far. But Brendan, not yet burdened with responsibility, wanted to see something new.At first, Brendan was shy as he acclimated to DU. Teammate Matt Jones could tell his roommate was far away from his family for the first time. He wasn’t uncomfortable because of where he was, but because of where he wasn’t.“I really took for granted my time I spent with (family),” Brendan said. “It really hit home that I’m a few thousand miles away. I started to get really homesick, and things just kind of (created a) domino effect from there.”Right around the time Brendan felt comfortable in his first trimester, Brittany entered one of her own. Courtesy of Brittany SobeskiJagger Bomberry spent 64 days at St. Joseph’s Hospital in Syracuse after being born about three months premature in February 2015.Whenever Brendan and Brittany drove past the Carrier Dome on the way to or from St. Joseph’s Hospital, Brendan would say, “I hope I can play there one day.”Brendan had tried two or three times to call coach Tierney and tell him he intended to transfer, but the courage to do so never appeared. It was one of the harder things he’d ever had to do. The call disappointed Tierney, but Brendan recalled him understanding. Now, for the first time, Brendan will play in the city most tied to him and his son.Jagger remains the primary reason for Brendan’s transfer, but he also said that he would’ve liked more playing time than he received as a second-line midfielder. (Tierney declined to be interviewed for this story.)Since transferring, Brendan’s five younger brothers and sisters, ranging from 5 to 15 years old, no longer ask, “How many sleeps until Brendan comes home?”Unlike when he was at Denver, Brendan’s siblings now know the answer: not many. He visited multiple times a month last semester, and while that number will lessen during lacrosse season, he’s still only a four-hour car ride away.That also means Jagger. Brendan’s absence sometimes makes it harder for him, Brittany said, when other dads pick up their kids at daycare.“Every time I feel Jagger misses him, I feel guilty and I come right to Syracuse,” Brittany said. “I want Jagger to be happy, and I want Jagger to be with his dad.”Brendan’s adjusted to the new school by bringing Jagger along while hanging out with teammates. When Brittany and his son are in Syracuse, the three often eat out on Erie Boulevard with senior midfielder Sergio Salcido. Once, at Moe’s, Jagger chugged a medium sweet tea “faster than I’ve ever seen someone chug before,” Salcido said, laughing.Sophomore attack Nate Solomon often has the three over to his South Campus apartment and jokes he likes the son more than the father. The parents once had to calm Jagger down because a fake rhino paperweight in the bathroom freaked him out. Looking back, Solomon and Salcido said, Jagger helped the transfer not feel like one.Brendan has big dreams for him and his new teammates. He is someone who has already watched teammates celebrate a national championship. He’d like to do it again, but this time play with them. And, most of all, he wants Jagger with him.,Brendan drove the back roads on the way home at the end of fall semester. He makes rides in his Lincoln MKZ feel shorter by singing along to country music. At the Canadian border, the two-lane highway became a single lane.He passed farmland, wind turbines and snow-covered empty plains. He stopped once in two hours, for a school bus dropping a kid off at an intersection. The further he drove, the more purple flags flew printed with the Hiawatha belt.They reminded Brendan where he came from: his family, his ancestors, his people. The ones he plays for. They’re what make an end-of-semester, four-hour car ride possible, as opposed to a four-hour flight.Brendan arrived at his Ohsweken home, and no one seemed surprised to see him. Siblings and cousins continued their War card game. Jagger walked over wearing a T-shirt that read, “Dad’s All-Star MVP.” A wooden lacrosse stick sat atop the living room mantle.Amy and Patrick put everything away they thought Jagger could throw. He found a mini hockey stick and a ball, anyway, and began swinging it all over the family’s living room.“Whoa,” Brendan said. “Careful!”This is what he missed seeing before the transfer. Brendan scooped up his son, who tugged at his short-sleeved camouflage shirt. Then he reached for his dad’s backward Oakley baseball cap.“He knows if I have a hat on, I’m probably leaving,” Brendan said, “so he takes it off.”But now when Brendan leaves, Jagger knows he’ll be back soon.Banner photo by Ally Moreo | Photo Editor,Cancel replyYou must be logged in to post a comment.last_img read more