Dutch schemes’ recovery stalls as funding plateaus at 109%

first_imgMercer said that the coverage ratio drawn from market rates – 107% at the end of August – hadn’t changed either in the past few months.The consultancy noted that the 30-years swap rate – Dutch schemes’ main criterion for discounting liabilities – had fallen by five basis points to 1.47%, leading to a 0.8% rise in liabilities.Aon, which took the overall swap rates into account, came out with a liabilities increase of 1%.Frank Driessen, executive chairman at Aon Retirement and Investment, said the stalling recovery further increased the pressure for a new pensions system in the Netherlands, in particular because rights cuts at the large pension funds were still a possibility in 2020 and 2021.Dutch pension assets increased by approximately 0.3% on average in August, Aon reported.According to Mercer, based on the MSCI World index, worldwide holdings of developed markets equity gained 1.9% during the month, aided by a 50% hedge of the dollar, the pound and the yen. Without such a currency hedge, the increase would have been 1.6%.The pensions adviser reported a 2.1% decline from emerging markets stock as a consequence of unrest in Turkey, Argentina and Brazil. Euro-denominated government bonds lost 0.6%, while and corporate bonds edged up by 0.1%. Pressure is growing in the Netherlands for unions, companies and the government to agree on pensions reform as benefit cuts are a growing prospect at several schemes.The average funding ratio of Dutch pension funds failed to improve in August, stalling at 109% according to consultancy groups Mercer and Aon Hewitt.Both companies reported in monthly data updates that a limited increase of liabilities in the wake of a drop in interest rates had been almost fully compensated by returns on investments.Last May, Dutch schemes’ funding – calculated as the average of pension funds’ monthly coverage ratios, with the application of the ultimate forward rate, during the past 12 months – stood at 108% on average.last_img read more

Super sale: Queensland town listed for just $500,000 set to be sold

first_imgSUPER SALE: The Queensland town that was listed for just $500,000 looks set to be sold.THE Queensland town that was for sale for less than the price of an average Brisbane home looks set to be sold.The entire township of Allies Creek was under offer just days after it was listed for the bargain basement price of $500,000.Agent for the sale Danielle Meyer said someone from regional Queensland placed an offer shortly after the extraordinary listing went live earlier this week.RELATED NEWS: ENTIRE TOWN FOR SALE FOR PRICE OF AVERAGE HOUSE OTHER NEWS: QUEENSLAND’S CHEAPEST HOUSE SOLD FOR $25KIf you don’t like this house don’t worry, the town has 11 more.The would-be buyer had not even visited the town for an inspection before they put in the offer.The listing, which was for the town, its 12 houses, tennis court, helipad, dam and 14 hectares of land, created a lot of interest across Australia and around the world.The homes are all in pretty good nick. Image form RealEstate.com.au“I had people call from England, from New Zealand and all over Australia,” Mrs Meyer said.More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoThe small town, which is 373km northwest of Brisbane, was originally built to house workers of a timber mill.The timber mill closed down in 2008.Current owner Natali Williams bought the town about eight years ago with her husband and planned to turn it into a caravan park.After her husband passed away she put the property on the market, originally with a price of $2.1 million in 2015.The price was lowered a number of times after its initial listing, but it failed to find the right buyer.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 6:36Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -6:36 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenLiz Tilley’s prestige property wrap 06:36This week it received another price reduction to just $500,000.“I think it would be the perfect place for someone that thinks outside of the box,” Mrs Meyer said.You could put in a tourist park or a getaway retreat or a wellness spa.”The town is 373km northwest of Brisbane and about 60km south of Mundubbera.She first visited the town last week and said she was very impressed by what she saw.“I thought I was going to see something that was very run down, but I couldn’t believe the houses were so well maintained,” she said.The homes have electricity, water, and the sale even includes a tennis court, helipad, the former church and the former timber mill.A number of the homes are currently rented out to people that work near the area and like the quiet lifestyle.last_img read more

EOLINK Floater Readying For Sea Trials

first_imgThe Bretagne-based startup EOLINK has secured funds to install and test a 1/10 scale floating wind turbine prototype off France.Source: EOLINKIn the first round of funding, EOLINK received EUR 1 million in funding from investors such as Angels Finistere, as well as private investors.According to EOLINK, the 1/10 scale prototype will be installed nearshore by the end of the year, while the precise location and more key features are to be unveiled soon.Back in October 2016, EOLINK performed tank testing of a 1:50 scale model of its floating wind turbine, which is said to allow the utilization of +10MW wind turbines and reduction of the levelized cost of energy (LCOE) of 25%.The tests showed that the turbine is able to withstand very harsh sea states with low mooring lines tensions (Hs>12m) and that it always faces the wind, even in the worst case scenario: 90° misalignment between wind and waves.The concept involves a set of profiled arms instead of a conventional single tower. Having a turbine mounted on a single tower induces vibrations and bending moment at the base, and with floating application this tower is no longer mandatory, EOLINK said, adding that its concept replaces the single tower by a set of thin and profiled arms, making the structure lighter and stiffer and saving on materials used, which leads to decreasing the LCOE.last_img read more

Royal Caribbean Continues with Record Earnings

first_imgMiami-based cruise major Royal Caribbean Cruises (RCL) has reported record third-quarter earnings despite negative headwinds. The cruise company’s US GAAP net income rose to USD 883.2 million in the quarter ended September 30, 2019, from USD 810.4 million seen in the corresponding period a year earlier. Total revenues stood at USD 3.2 billion in Q3 2019, against USD 2.8 billion posted in the same period last year.According to RCL, the net results include the negative impact of USD 27 million from itinerary disruptions and relief efforts related to Hurricane Dorian. As a precautionary measure, three main Florida embarkation ports closed during the hurricane, impacting the company’s sixteen sailings.“Our business continues to thrive and exceed our expectations,” Richard D. Fain, chairman and CEO of RCL, commented. “While Hurricane Dorian had a negative impact, stronger demand for our brands and our key itineraries exceeded our expectations. Excluding the hurricane impact, we are not only able to maintain our yield and earnings guidance, but to raise both slightly as a result of particularly strong performance in the US and China,” he added.Due to the negative effect from itinerary disruptions and relief efforts related to the hurricane, adjusted earnings for the full year are expected to be in the range of USD 9.50 to USD 9.55 per share. Additionally, the company expects a net yield increase of approximately 8.0% in constant-currency and approximately 6.75% as-reported. RCL noted that the booking strength has completely offset the negative yield impact related to Hurricane Dorian.“2019 is shaping up to be another year of solid yield growth and record earnings despite some unusual headwinds,”Jason T. Liberty, executive vice president and CFO, said.“As we enter 2020, we are particularly enthusiastic about the new ship deliveries, the development of new destinations, our fleet modernization and technology initiatives,” Liberty further said, explaining that the investments would enable the company to generate higher yields and better returns.Next year, RCL will welcome four new ships — Celebrity Apex which will debut in April, Odyssey of the Seas in the fall and Silver Moon and Silversea Origin during the summer.Royal Caribbean Cruises controls and operates four global brands — Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. It is also a 50% joint venture owner of the German brand TUI Cruises and a 49% shareholder in the Spanish brand Pullmantur Cruceros. Together these brands operate a combined total of 63 ships with an additional 15 on order as of September 30, 2019.last_img read more

2 robbery suspects arrested

first_imgPolice apprehended Dionson andSalindron after Maruella Castellano reported them to the police on Nov. 21, thereport added.  Dionson and Salindron were detained inthe lockup facility of Police Station 8./PN They were residents Ian Dionson andRicky Salindron, a police report showed. A laptop worth P30,000, jewelriesvalued at around P10,000 and a P3,000 cash were recovered from the suspects,police said.   BACOLOD City – Police nabbed tworobbery suspects in Barangay Tangub.last_img

Area Basketball Scores (1-23)

first_imgArea Basketball ScoresTuesday  (1-23)Girls ScoresJac-Cen-Del  56     South Ripley  50Batesville  45     East Central  37EC JV Won 23-12Franklin County  52     South Dearborn  43North Decatur  39     Hauser  28Rising Sun  43     Switz. County  31Waldron  58     Edinburgh  45Trinity Lutheran  66     SW Hanover  57Brown County  49     SW Shelby  42Boys ScoresMilan  52     East Central  51Morristown  64     Rushville  55last_img

Ronaldo keeping tabs about Man United

first_img When asked whether he discussed the transfer with Ronaldo as part of the insightful interview, Fernandes replied: “I spoke with him after, not before. I said before – Manchester, for me, was the dream team. “I always wanted to play for this team and it doesn’t matter who can talk about it – bad or good, I will come. “It was my dream to play in the Premier League,” he added. “I have the choice to come to Manchester United and it was two dreams in one. It was perfect. Promoted ContentThe World’s 7 Most Spectacular Railway StationsThe Very Last Bitcoin Will Be Mined Around 2140. Read More6 Great Ancient Mysteries That Make China Worth VisitingWhich Country Is The Most Romantic In The World?Best & Worst Celebrity Endorsed Games Ever MadeA Hurricane Can Be As Powerful As 10 Atomic BombsThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalWhat Happens To Your Brain When You Play Too Much Video Games?6 Incredibly Strange Facts About Hurricanes5 Of The World’s Most Unique Theme ParksTop 10 TV Characters Meant To Be IconicEver Thought Of Sleeping Next To Celebs? This Guy Will Show You Loading… Read Also: Man City table three-year contract for Lionel Messi“Of course, I spoke with Cristiano after and he spoke very well about the club. I spoke with him some days ago, again.“Every time I speak with him, he asks me how Manchester is and if everything is okay. Everyone knows he spent a lot of time in Manchester and he has consideration for the club. He likes the club, I think he won his first Ballon d’Or here, so it’s a club who’ve marked him, for sure.”FacebookTwitterWhatsAppEmail分享 Bruno Fernandes has revealed Juventus forward Cristiano Ronaldo is keeping tabs about  how things are going at Manchester United. The two Portugal team-mates speak regularly and Bruno  told Man United official website that the 35-year-old is keen to discover the latest developments at his former club, which he served so well between 2003 and 2009. Although leaving for Real Madrid for a world-record transfer fee, and subsequently joining Serie A champions Juve, Ronaldo clearly still has great affection for Reds. Bruno, who has made such a positive impact since joining Ole Gunnar Solskjaer’s side in January, denies seeking advice from Ronaldo in advance of completing the move from Sporting Lisbon. However, he chats to the five-time Ballon d’Or winner about life in Manchester.Advertisementlast_img read more

Taylor urges Windies to repeat 2016 intensity

first_imgBRISBANE, Australia (CMC) – West Indies skipper Stafanie Taylor says her side need to repeat the intensity of their title-winning campaign four years ago, in order to prevail at the Twenty20 World Cup starting later this month.The Caribbean stunned multiple-time champions Australia in the final of the 2016 tournament in Kolkata to lift their first-ever world title.“I have played a lot of games over the years but the memories of India 2016 stand out so much,” said Taylor.“Looking back on it, I’m just hoping that we can replicate it again this year – both the feeling that we had as a team and the impact that individual players had on the tournament from start to finish.”She added: “Four years ago was a perfect storm for us. We really wanted to win, and I think we left all we had on the field throughout the tournament, especially in the final against Australia.”West Indies Women failed get out of the group stage of the inaugural tournament in 2009 but were good enough to reach the semi-finals the following year at home before losing to New Zealand.They were beaten by the Aussies in the semi-finals of the 2012 tournament in Sri Lanka, suffered the same fate two years later in Bangladesh, before achieving success in 2016.“We had never made it beyond the semi-finals before, while they (Australia) were looking to win the title for the fourth successive time, so we knew it would be a really big challenge for us,” Taylor explained.“But we went out there and did it for our country, creating memories that we won’t forget.”She continued: “This time around, we just need to do that again, play our game and push until the last ball to see how far that can take us. Winning the title and bringing the trophy back to the West Indies would be success for us.”West Indies failed in the defence of their title at home in 2018 after losing to Australia in the semi-finals.The Windies’ fortunes have taken a turn for the worse of recent, however, losing nine of their last 11 T20 Internationals while also failing to win a single game during that period.They received a boost for tournament with the inclusion of world-rated all-rounder Deandra Dottin who has not played international cricket in a year due to injury and subsequent surgery.Taylor believes Dottin’s return and that of the new-ball pair of Shamilia Connell and Shakera Selman – both have recovered from injury – will improve the Windies’ performances.“We have some exciting players in the team. Deandra Dottin is back after a long time out injured, and we have seen what she is capable of producing at previous T20 World Cups,” Taylor pointed out.“She is a very important player with both bat and ball, she gives you all the options, and her experience is something we’ll be looking for.“We also welcome back some other absent players. Shamilia Connell and Shakera Selman had both been sidelined with injuries.”West Indies will do battle in Group B alongside the likes of England, Pakistan, South Africa and minnows Thailand, and Taylor said she expected the campaign to be a competitive one.“These are the best teams in the world that are all set for an exciting competition,” she noted.“It’s going to be a challenge, we as a team know that, but we need to make sure that we focus on ourselves and not what is going on around us. That will be the way for us to be successful over the next few weeks.”last_img read more

Bacta keeps its copper coins

first_img StumbleUpon Share Submit Arcades denounce DCMS reclassification postponing June reopening   June 12, 2020 Bacta trials new measures on ‘category D’ fruit machines July 12, 2019 Related Articles Share Safer Gambling Week 2020 to focus on customer intervention June 2, 2020 The British Amusement Catering Trade Association (Bacta) has welcomed the decision by the UK Treasury not to remove any coins or notes from circulation.Last March, UK Chancellor of the Exchequer Philip Hammond called for the reassessment of UK Currency’s ‘lowest denominations’, focusing on whether 1p and 2p coins had become ‘obsolete’.Acting on behalf of British amusement interests, Bacta governance contributed to the treasury assessment, supporting the circulation of copper coins as an integral part of its business.Updating stakeholders, Bacta’s CEO John White stated: “Coastal arcades across the country can now breathe a collective sigh of relief. The removal of our smallest denominations would have a devastating impact on seaside arcades that stimulate local economies and tourism. Bacta has been instrumental in the public call for Treasury to rethink the removal of our coppers from circulation.“2p pushers are a British pastime that many remember fondly from childhood, they can be found across hundreds of arcades across the coast. Removing the 2p coins would have led to the extinction of the arcades that house these machines and the resorts who depend on them. We’re pleased that government has opted not to scrap our lowest denominations.“Arcades are the economic engine rooms for often poor coastal communities, the removal of 2ps would have placed increased pressure on an industry already facing tough conditions, particularly in areas of the country where the support and investment is most needed. We welcome any decision that supports businesses and local tourism in seaside towns.”last_img read more

Shoaib Akhtar reveals rampant match fixing in Pakistan cricket in open interview

first_imgAdvertisement f5roNBA Finals | Brooklyn VspznWingsuit rodeo📽Sindre E4( IG: @_aubreyfisher @imraino ) 4lg6Would you ever consider trying this?😱be8oCan your students do this? 🌚st89Roller skating! Powered by Firework Shahid Afridi , the Rawalpindi Express has seldom sparked controversy in his country of Pakistan. In a talk show appearance , the former world’s fastest bowler spoke candidly about the match-fixing fiasco that had plagued Pakistan team in the previous decade.Advertisement “I was playing against 21 people — 11 theirs and 10 ours,” said former speedster Shoaib Akhtar, once again fuelling match-fixing allegations against his former Pakistan teammates.Advertisement “I was always of the belief that I can never cheat Pakistan, no match-fixing but I was surrounded by match-fixers. I was playing against 21 people (sic) — 11 theirs and 10 ours. Who knows who was the match-fixer,” Akhtar said during a talk show ‘Rewind With Samina Peerzada’.“There was so much match-fixing. Asif told me which all matches they had fixed and how they did it.”Advertisement Akhtar went on to say that Asif indulging in corruption in a test series against England had enraged him.“I tried to make Amir and Asif understand. What a waste of talent. When I heard about this, I was so upset that I punched the wall,” said the 44-year-old retired pacer. “Pakistan’s two top bowlers, smart, intelligent and the two perfect fast bowlers were wasted. They sold themselves for a little money.”Md Amir did not have an absolutely sad ending like the rest however. With a successful international comeback , Asif also went to be Pakistan’s most instrumental player in winning the 2017 Champions Trophy. Advertisementlast_img read more