Kingfisher turns to L&G for £228m medically underwritten buy-in

first_imgUK retailer Kingfisher has completed the single-largest medically underwritten buy-in to date, insuring nearly £230m (€312m) of risk with Legal & General (L&G).The policy, purchased by the company’s UK defined benefit (DB) scheme, targeted the “top layer” of its pensioner liabilities, the company said in its 2015 annual report.“Measured against the long-term funding objective agreed between Kingfisher and the Trustee, the transaction generated a modest funding improvement, as well as a significant reduction in funding risk,” it added.James Mullins, head of risk transfer solutions at Hymans Robertson, noted that medically underwritten transactions covered £2bn in liabilities in 2015. “At £228m,” Mullins added, “this is the largest medically underwritten buy-in to date, and Kingfisher becomes the third FTSE 100 company to have completed a medically underwritten buy-in, all of which have been ‘top slice’ transactions, which insure the pensioners with the highest individual liabilities.”Kingfisher declined to disclose the name of the insurance company issuing the medically underwritten policy, only saying that it was a “major” insurer.But consultancy Aon’s latest ‘UK Risk Settlement’ report said L&G was behind last year’s largest transaction of £228m, without naming the client. L&G’s role in the transaction is noteworthy as the medically underwritten market has traditionally been dominated by providers Just Retirement and Partnership, set to merge in April.Aon said the medically underwritten market accounted for nearly 30% of the 175 bulk annuity deals completed last year, and 12% of the £12.2bn in policies written – a steep increase from its 5% share of the £13.1bn in policies written in 2014.Kingfisher closed its UK DB fund in 2012, ahead of the rollout of auto-enrolment.A focus on de-risking its investments, which saw its annual report disclose a surplus of £246m during the most recent financial year, has seen it hedge more than 80% of its inflation and interest rate risk.For more on how Kingfisher Pension Scheme invests, read IPE’s recent interview with head of pensions Dermot Courtier and pension investment manager Matt Fullerlast_img read more

Sleek lines and waterfront views in modern marvel

first_imgThe builders crafted a design for great potential to catch the views.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The home has three storeys, all designed with plenty of space to embrace views of the water.To top it off, the roof has a deck with views of the nearby water.“It is pretty much a 270-degree view of Bribie, right around the marina and to Moreton Island,” she said. 6 Fourth Avenue Scarborough 3D floor planThe house has what Mrs Tremble described as a modern and sleek style.It took about five months for the couple to build the home. Ideal for summer.The home is on the market now. Modern living inside and out.To take advantage of the location, which is in one of the northernmost points on the Peninsula, they decided to build up.“We played around with designs that suited the block,” she said The home is split on three levels.It has high-end features including high quality bamboo flooring, dual island kitchen benches and high ceilings in the living area. “I guess it would really suit professional families or retirees,” Mrs Tremble said. “It could suit a whole range of people.” SCENIC: The designers wanted the perfect home to take advantage of the view.AN EMPTY block of land in one of the best spots in the Redcliffe Peninsula was an opportunity Emma and Terry Tremble could not pass up.The couple had renovated a few houses before, but when they saw the empty 405sq m block they decided it was time to build something from scratch. “We wanted a house that really complemented the area and took advantage of the views and the location,” Mrs Tremble said. The home is just a quick walk from the waterfront.“The main thing I like about it is that the separate levels all have different purposes,” she said.“The bottom level is for the car garage and storage, (the second level) is the main entry off the street and is the living and entertainment space.“And the next level is for all the bedrooms, keeping it private.”last_img read more

Bulldogs And Spartans Battle In Weekend Volleyball

first_imgBatesville splits home match Spartans.Varsity: Spartans win 25-15, 25-15, 25-19.Batesville vs. Connersville Varsity VB (8-29)JV: Bulldogs win 20-25, 25-20, 15-9Batesville vs. Connersville JV VB (8-29)Bulldogs will travel to Lawrenceburg on 9/1/15 for a 5:00 JV start.Courtesy of Bulldogs Coach Jody Thomas.last_img

Texas A&M-CC seeks revenge on HBU

first_img Associated Press Texas A&M-CC seeks revenge on HBU For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com Share This StoryFacebookTwitteremailPrintLinkedinRedditHouston Baptist (4-24, 4-15) vs. Texas A&M-Corpus Christi (13-17, 9-10)American Bank Center, Corpus Christi, Texas; Saturday, 4:30 p.m. ESTBOTTOM LINE: Texas A&M-Corpus Christi seeks revenge on Houston Baptist after dropping the first matchup in Houston. The teams last played each other on Feb. 1, when Texas A&M-Corpus Christi made only 10 free throws on 18 attempts while the Huskies hit 24 of 31 on their way to the 82-77 victory.center_img STEPPING UP: Texas A&M-Corpus Christi’s Myles Smith has averaged 13.6 points and 4.6 rebounds while Jordan Hairston has put up 11.4 points. For the Huskies, Ian DuBose has averaged 19 points and 7.4 rebounds while Jalon Gates has put up 15.4 points.KEY FACILITATOR: DuBose has either made or assisted on 41 percent of all Houston Baptist field goals over the last three games. The junior guard has 20 field goals and 19 assists in those games.ACCOUNTING FOR ASSISTS: The Islanders have recently used assists to create buckets more often than the Huskies. Texas A&M-Corpus Christi has 48 assists on 82 field goals (58.5 percent) over its previous three outings while Houston Baptist has assists on 53 of 94 field goals (56.4 percent) during its past three games.DID YOU KNOW: The Houston Baptist offense has scored 80.2 points per game, the 14th-highest figure in Division I. Texas A&M-Corpus Christi has only averaged 65.4 points per game, which ranks 278th nationally.___ March 5, 2020last_img read more

The Latest: SEC football players to be tested twice a week

first_img Associated Press The league on Friday released its initial COVID-19 requirements for fall sports, including football. In football, the testing will typically come six days and three days before competition.Coaches, staff and other personnel will be required to wear face coverings on the sidelines at sporting events this fall.The initial guidelines include testing requirements, procedures for infections and contact tracing and protocols for quarantine and isolation. The rules, which also apply to volleyball and soccer, were recommended by the SEC’s Return to Activity and Medical Guidance Task Force.The league expects the task force to release another report by Aug. 31. August 7, 2020 ___What did cricket fans do when there was no live games to watch during lockdown in the coronavirus pandemic?Watched replays. Lots of replays.The International Cricket Council released figures Friday showing it had 1.65 billion video views on its Facebook channel in the first half of 2020, saying it “topped the rankings in terms of video consumption among leading sports bodies” on the social media platform.Cricket was shuttered globally from late March until last month, when host England beat West Indies 2-1 in a three-test series that was played inside bio-secure venues in Southampton and Manchester. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The Southeastern Conference will require football players and others in direct contact with the program to be tested at least twice weekly during the season. The ICC, citing statistics from the CrowdTangle analytics tool, said daily video consumption on its Facebook page increased from 3 million minutes viewed to 15 million minutes per day during the lockdown.“At a time when COVID-19 has severely impacted live sports, the ICC’s channels have gone from strength to strength,” the ICC said in a statement.Cricket hit some highs in terms of viewership over the 12 months to June, including the 1.1 billion views for the Women’s Twenty20 World Cup in Australia in February and March.Online traffic from India helped. The final between Australia and India, which attracted a crowd of more than 86,000 at the Melbourne Cricket Ground, set a single-day record for women’s tournament with 64.9 million views on the ICC Facebook page.___ ___The Detroit Lions are preparing to host fans at all eight regular-season home games, although it’s uncertain how many will be allowed to attend.The NFL club said Friday season-ticket holders can opt out of purchasing tickets for the 2020 season if they want. The team also is offering various incentives for fans who defer payments to the 2021 season instead of asking for refunds.Fans and employees at Ford Field would be required to wear face coverings. Designated gates and entry times would be assigned to fans.The team says the ability to host fans at a reduced capacity depends on local and state approval. The Latest: SEC football players to be tested twice a week More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sportslast_img read more

Ramdhani appointed Deputy Chairperson for Communication & Marketing of BPAC

first_imgTHE president of Guyana Badminton Association (GBA), Gokarn Ramdhani, has been appointed Deputy Chairperson for Communication and Marketing for the Badminton Pan American Confederation (BPAC) for the next four-year term (2019-2023).The decision was made on May 22 at the BPAC Annual General Meeting which was held in Nanning, China, in the framework of the Sudirman Cup and Badminton World Federation (BWF) AGM 2019.Meanwhile, in a statement to the press, Ramdhani noted; “I am very pleased to get this position to help with the development of international badminton and Guyana. I am also happy to know that my work and contribution to badminton is being recognised by the highest international bodies.”The Pan American Badminton Confederation (BPAC) is the governing body of badminton in the Americas and is recognised as such by the World Badminton Federation. It was founded in 1976 and is currently comprised of 37 member associations.BPAC was founded in the city of Mexico in 1976 and nominated Victor Jaramillo (MEX) as president until an official election was scheduled to take place at the first Pan Am Championships the following year.Badminton was included in Olympic Games programme in Barcelona 1992 and Para-Badminton, in Tokyo, 2020.last_img read more

Bullish Beaton, classy Savory help Essequibo dismantle Georgetown by 122 runs

first_imgBy Clifton RossA venomous spell of fast-bowling by Ronsford Beaton, coupled with Kemol Savory’s fifty, took defending champions Essequibo to a whopping 122-run win over Georgetown as the 2019 SBF/CGI Jaguars One- Day League bowled off yesterday at the GCC ground, Bourda.Savory led Essequibo’s charge with a stylish 81 from 112 balls that included six crisp fours and two big maximums. But it was a returning Beaton, seemingly faster and more confident, who dismantled the Georgetown side with returns of 5-18 from 6 overs of hostility.Quinton Sampson smacked 3 sixes and a four in his 28 with Beaton chipping in with a useful 26 as Essequibo posted 221-9 from their 50 overs.Youth pacer Qumar Torrington snared 3-64 with support from veteran seamer, Paul Wintz, who grabbed 2-42 as Windies U-19 spinner, Ashmead Nedd and Steven Jacobs, grabbed two scalps apiece.Georgetown, in reply, made a mess of the chase and found themselves blown away for just 99 in 26 overs. Apart from wicket-keeper Joshua Persaud (26), Jacobs (24) and skipper Leon Johnson (23), it was a woeful batting performance as the champs ran roughshod over the home team in their backyard.The spin twins, brothers Akinie and Captain Anthony Adams, spun webs around the batters as they snatched 2-28 and 2-26 respectively, duly supporting Beaton. Georgetown suffered a great setback after the former Windies speedster removed Raymond Perez (6), Robin Bacchus (0) and Winston Forrester (4).Johnson looked good during his stay before Akinie Adams had him caught by his brother to end the stay of the Georgetown skipper. Beaton had earlier removed Chris Barnwell for a duck after deliberations between the umpires while the Adams boys cleaned up the tail.Beaton then bagged his fifth victim when Jacobs edged one to the wicketkeeper Savory; bringing the home team’s innings to a screeching halt.Earlier, opener Kevon Boodie was removed for zero by Jacobs who also trapped Ricardo Adams for 1 to leave the champs in a spot of bother, batting first.Parmesh Parsotam stroked two good-looking fours in his 23 but had his stumps uprooted by a fiery delivery from the stampeding Torrington, who also removed Marvin Williams for a duck as the Champs struggled to 50-4 in the 15th over as the home team were all over their batsmen following the collapse of the top order.Savory remained firm and anchored down as he took his score to 50 with a thumping drive for four which inevitably brought up the Champs hard-earned 100 in the 28th over.Skipper Adams succumbed for 8 runs to the skills of the veteran Wintz; he was brilliantly caught by the diving Johnson in slips. Savory and Beaton steadied the ship with the former West Indies pacer showing his class with the bat as he found the ropes on a few occasions.Savory cut loose on spinner Steven Sankar, who was hammered for two fours and a six, which took the left-hander into the 70’s.Nedd got into the action at a good time, removing a dangerous looking Beaton, LBW ,to keep the hosts in the game. The Windies U-19 spinner then bagged the big wicket of Savory, who slicked one to Barnwell at backward point.Sampson walked out like a man possessed, smashing a few sixes, but Georgetown continued to take wickets and Wintz struck again as he easily took a catch off his own bowling to remove Neil Cadogan cheaply.last_img read more

Kiara Lewis filling into a role at Syracuse she’s always played

first_img Comments Published on February 21, 2019 at 12:43 am Contact Michael: mmcclear@syr.edu | @MikeJMcCleary Kiara Lewis couldn’t believe it was happening again. After a four-point outing against Georgia Tech on Jan. 20, in which her 0-of-4 shooting performance contributed to a 23.9 percent day for Syracuse, she hopped on a conference call with five of her relatives who tried to convince her to stay patient.She was a former “all-everything” player in high school, Lewis’ uncle, Bryant, said, but went to Ohio State and averaged just nine minutes a game. Her off-ball role led to little opportunity within the offense, little opportunity to do what she does best. And now it was happening again at Syracuse. Ever since the seventh grade, she was a coveted college basketball prospect. She controlled the game. She scored from all points of the floor and pushed the pace to expedite her offensive advances.Before she chose Ohio State, Bryant remembered Lewis told her father, Gary, that she didn’t want that anymore. Toward the end of her high school career, she started to give the ball to her teammates and let them take the ball up the court. In 2013, her espnW HoopGurlz scouting report labeled her a “lead-guard,” but by her junior season she was declared a “combo-guard.” Perhaps this was the route she was best suited to take. Perhaps she would benefit from a year as an understudy, she said.Two years later, many around Lewis scoffed. After a limited role in one year at Ohio State, Lewis joined Syracuse and was forced to sit out for a season due to NCAA transfer rules. Now with the No. 18 Orange (19-6, 8-4 Atlantic Coast), she provides a steady scoring hand as both a second point guard and off-ball specialist for SU.But her adjustment to her role has taken time, something that not many, especially Lewis, expected. To do so, she had to get back to playing the way she always has.AdvertisementThis is placeholder text“Being able to play multiple positions, that’s something that can bring a different style or talent to the game,” Lewis said.After Syracuse’s win over North Dakota in Lewis’ first career game at SU, the similarities between her and current-SU starting point guard Tiana Mangakahia were clear. Syracuse head coach Quentin Hillsman was the first to make the comparison. While Lewis provided a scoring punch Mangakahia didn’t in that game, he lauded the low turnover totals from each guard. He called the two players “one unit” and said for the first time they could see a lot of time on the court together.The immediacy of increased touches at SU were enough to keep Lewis invested during the early part of the season, but Gary said the comparison proved to be difficult later. Even for short stretches, Lewis’ playing time and scoring stalled. Coaches at Syracuse would point out to her when she was taking a bad shot or forcing a play. She never understood why, Gary said. At Ohio State, in a similar role beside star point guard Kelsey Mitchell, Lewis associated playing off the ball with not being involved, Gary said. At Syracuse, she misinterpreted many of SU’s early expectations as the same.So, following her worst game of the season, she called for help. On the call were, Gary, her mother, Kadijat, Bryant and Darren Johnson, a friend of Gary’s and a pastor.Johnson read aloud Proverbs 3: 4-5:“Then you will win favor and a good name in the sight of God and man / Trust in the Lord with all your heart and lean not on your own understanding.”With that, Lewis reached an epiphany, she said. To sulk over something she cannot control does her no good. Gary said the obsession with her role took her mind off from what she does best: score. There’s no use comparing her to Mangakahia because she’s not Mangakahia. They play different games, and Lewis just needed to get back to hers.“Either you know how to play,” Johnson said, “or you freaking don’t.”Lewis looked for places where she can freely score. Gary noticed that Mangakahia goes to the ball immediately after a rebound. Lewis just needed to run up the sideline, she and Mangakahia said. Lewis scored 16 points the next game and was one of the only Orange players who could find her shot.Gary told her to she needed to take 2,000 shots. And she did. Her and Gary, who watch film three or four times a week, diagnosed problems that created openings in defenses. She started to notice when the shots she took were forced, and she looked to correct it.As her shots started to fall, SU ran V-cut plays to free her on the elbow and curls to free her in the corners. As the games progressed, her decision-making off the ball improved and she, once again, became a consistent scoring threat as a quasi-shooting guard in SU’s two-point guard lineup.In the week leading up to a matchup with Duke, Gary noticed that the Blue Devils have a tendency to bite on the pick and roll. With Mangakahia handling the ball up top, the bottom of the defense would be free.“They always leave that corner open,” Gary said to Lewis.After a tough shooting half for SU, Lewis was open in the corner, but a Duke player who switched late tumbled into her. Lewis drained it anyway. She converted on a free throw, and the next play down the floor, hit another 3 from the same spot. Her old friend from AAU, Faith Suggs, was late in a rotation out towards Lewis. Gary laughed. Suggs’ father, Shafer Suggs, sent a text to Gary.“Faith knows better to leaving (Lewis) open,” Shafer said.Gary responded with three laughing emojis.“I know you need that identity,” Shafer responded. “We coming back to spank ass.“She played great !! (sic) Tell her congrats.”Since the Duke win, Lewis has felt at ease. She’s happy at SU, Gary said, and now she understands the full potential of what she can do. It’s just what she’s always done.“Everyone wants to have the ball,” Lewis said, “and (playing off the ball is) what’s going to separate you from the next person.”center_img Facebook Twitter Google+last_img read more

Listowel Harvest Festival continues

The David Marnane trained Aru Cha Cha will be the first Tipp horse out, running in the first race at 2.05.No Wunder, trained by David Wachman, and Thomas Stack’s Celestial Fable will run alongside one another at 2.35 while Stack will also be watching over Tooreen Legend, who is out at 3.35.Elusive Award is the only Tipperary runner in the Speedy’s Bar Moyvane and Ballylongford Handicap at 3.05, and is trained by TJ’O Mara. Aidan O’Brien’s Gypsy King and the Tim Cleary trained Dancingwithangels are both on the card at 3.35.In the feature race of the day, the Ladbrokes Handicap Hurdle, Charlie Swan’s The Game Changer will go out along with Casimir Road, who’s being saddled up by Stephen Ryan. That race goes to post at 4.35.

Family of late New Mexico lineman sues former coach, school

first_img SUBSCRIBE TO US First Published: 26th August, 2020 06:26 IST LIVE TV Associated Press Television News Written By COMMENTcenter_img WATCH US LIVE Last Updated: 26th August, 2020 06:26 IST Family Of Late New Mexico Lineman Sues Former Coach, School Former New Mexico coach Bob Davie ignored a player’s plea for help in his fight against depression and instead made the lineman play a game before he took his own life, according to a lawsuit filed Tuesday Former New Mexico coach Bob Davie ignored a player’s plea for help in his fight against depression and instead made the lineman play a game before he took his own life, according to a lawsuit filed Tuesday.The lawsuit filed in federal court alleges the University of New Mexico, Davie and the NCAA didn’t protect 21-year-old Nahje Flowers, who died from a self-inflicted gunshot wound in November.Court documents said the defensive standout had sought counseling to fight depression but Davie overruled a therapist’s recommendation that Flowers take some time off. He died days after, the lawsuit said.“The university’s football program carried more weight than the health and well-being of the student-athlete,” lawyer Bob Hilliard said. “He finally found no way out than to take his own life.”Michael Kennedy, a lawyer for Davie, did not immediately return an email seeking comment. University of New Mexico spokesman Daniel Jiron said the school had not seen the lawsuit and would likely not comment on any pending litigation. NCAA spokesman Emily James declined to comment.Hilliard said an autopsy later found that Flowers suffered from CTE — the brain injury associated with repeated blows to the head that can lead to depression, dementia and erratic behavior.When relatives sought answers after Flowers’ death, his father, La’Vonte, said Davie was “very disrespectful.” La’Vonte Flowers said his other son was angry at Davie’s behavior, and the coach had to be separated from him.“He said, ‘What do you want from me? … Do I need to get a lawyer or something?’” Vickie Gilmore, Flowers’ mother, said. “He walked up on me and my other son walked on him.”Gilmore said Davie then stepped away while laughing.The lawsuit seeks an unspecified amount in damages and legal fees.Also representing the family is civil rights attorney Ben Crump, who is working for the families of George Floyd, Breonna Taylor and Jacob Blake — three Black people who were killed or seriously injured by police officers, leading to protests around the country.Flowers was from Los Angeles, where he played football at Dorsey High School. He came to New Mexico in 2016.Flowers had 13 tackles and 1 1/2 sack in 2019.Davie stepped down in November following a rocky tenure and a 35-63 record over eight seasons. He previously coached at Notre Dame from 1997-2001. Davie was suspended for 30 days in 2018 because of alleged physical abuse of players.Image credits: AP FOLLOW USlast_img read more