Seven projects land funding to help support women and those with caring responsibilities back into employment Initiatives to help veterans, victims of domestic abuse and homeless women Funding part of the government’s £5m commitment to help people with care responsibilities back into work The funding is the latest to be awarded as part of the government’s drive to support disadvantaged women in the UK, and comes ahead of the launch of a new strategy which will set out how women of all ages should be supported to achieve their potential.Working with more than 100 employers, the seven projects have been allocated nearly £500,000, which will go towards providing refresher courses, training and qualifications to women from all backgrounds who have taken time away from work for caring responsibilities.Minister for Women & Equalities, Penny Mordaunt, said:“It is completely unacceptable that the careers of talented women are held back because they take time out of their jobs to care for a loved one.“Businesses cannot afford to overlook the potential of these talented women. That’s why we are investing in returners to work – giving them the opportunity to refresh and grow their skills. By acting on this issue we can grow the economy and achieve true equality in our workplaces.”The successful bids include a project that will give women the tools to progress in the security industry, another that will seek to help victims of domestic abuse and an initiative to help female partners of the Armed Forces and veterans return to work.Pioneering research by Eige found that reducing gender gaps in labour market participation, STEM qualifications and wages, could increase the size of the UK economy by around £55 billion by 2030.This funding is part of the government’s £5 million commitment to boost projects supporting women with caring responsibilities across the country back into the job market.Notes to Editor:Winning organisations:Mpower People CIC: £96,505MPower People CIC have a track record of supporting disadvantaged people into work, specifically those with mental or physical health issues, victims of domestic abuse, ex-offenders and people in challenging economic circumstances. Their programme will support women from various disadvantaged backgrounds, back into employment across the Liverpool City Region.Liverpool City Council: £87,500Liverpool City Council will develop a specialised women’s returner programme supporting victims of domestic violence, ex-offenders and those with limited English language skills.Partnering with existing refugee programmes, women’s probation and local domestic abuse services, the programme offers accredited (ESOL) training, soft-skilled training and personal development that leads to paid employment.Shpresa Programme: £78,000Shpresa will develop a BAME women returners’ programme, based in two locations. Their target group are migrant women with significant employment history, but due to cultural reasons are the main carers. These barriers, along with limited English skills create further issues for returning to employment.Adviza: £71,042Adviza Partnership will launch a sector-focused returner programme (security industry), designed to support BAME women into a male dominated sector. Participating returners will receive accredited qualifications and direct entry into security work that reduces cultural barriers often associated with this sector.Westminster City Council: £60,000Westminster City Council will develop a returner programme to support BAME women into the hospitality sector, focusing on some of the most deprived communities in Greater London.Beam: £50,000Beam will empower women who are homeless or at risk of homelessness to secure employment by providing award-winning support and training through online fundraising. This is an innovative approach that is unique in the market.RFEA – The Forces Employment Charity: £48,000The RFEA programme will support the female partners of serving Armed Forces, and women veterans back into employment. The pressures of service life cause isolation for many Armed Forces’ partners, which create complexities around building a career for themselves, as they by default, become the main caregiver of children and relatives.The programme aims to reduce the disadvantages of this returner group and for the veterans of the future by enabling spouses of serving personnel to return to the workforce and build a career for themselves.
In the middle of the 20th century, Notre Dame’s South Quad was a military rallying point. University archive photos from the WWII era and the 1950s show Notre Dame’s ROTC units and other military organizations marching up and down the quad in front of Rockne Memorial and a partially-constructed O’Shaughnessy Hall.Wednesday evening showcased that era, as the Notre Dame Trimilitary Organization – the Navy, Army and Air Force ROTC units ¬– presented themselves on South Quad for their reviewing by Naval Commanding Officer Mike Ryan, University President Fr. John Jenkins and the general public at the Annual Pass in Review, a symbolic display of skill and precision. The ceremony included a benediction by Fr. Peter Rocca, the presentation of student awards and a speech from Jenkins.Emily McConville “It’s a ceremonial thing, where in the field or in other military environments, they’ll do this as kind of a big show,” said senior, midshipman David Murphy, who received an award at the Pass in Review. “There’s usually something attached to it, where we’ll do the Pass in Review, and it’s symbolic when [troops] come home from deployment or something that shows discipline, that the uniforms are properly worn and things like that.”Junior public affairs officer and midshipman Cassie Gettinger said the ceremony in its current form, in which the troops perform exercises for the University president, dates back to the presidency of University President Emeritus Fr. Theodore Hesburgh.In recent years, the ceremony has taken place in Arlotta Stadium or the Stepan Center. Junior, event organizer and midshipman Lizzie Terino said the students wanted the Pass in Review to be a visible reminder of the military’s relationship with Notre Dame.“It’s kind of always been off to the side, not in a public area, but ROTC’s always been a big program on campus,” Terrino said. “The military has a long tradition with Notre Dame, with the Navy using Notre Dame and keeping it open, so we wanted to make it public and for people to come out and see the ceremony.Midshipman Murphy Lester, a senior and key organizer of the ceremony, said moving the event to South Quad was difficult logistically but ultimately rewarding.“Historically, you see all these pictures, the old WWII pictures of the whole formation out on South Quad,” Lester said. “South Quad was built as a parade ground for events exactly like this.“I’m not sure why we got away from it for awhile, but as a senior, I knew for our class it would really mean a lot to parade back and forth in front of the Golden Dome.”In his remarks, Jenkins pointed to the University’s long relationship with the military, in particular the United States Naval Academy, connecting it to Notre Dame’s identity as a Catholic university and speaking of the importance of each to the other.“You can point to the past,” Jenkins said. “During WWII, the school was really kept in business by the presence of the Naval community. You can point to the service of generations of Notre Dame graduates in the military … even those who made the ultimate sacrifice for their nation.”Jenkins said the Notre Dame ROTC program strives to train its cadets and midshipmen to show the highest level of moral integrity according to St. Augustine’s concept of a just war.“It is a just peace that you cadets and midshipmen will serve. That is a noble cause. A clear and consistent understanding of that high moral calling is what distinguishes everybody in the Notre Dame ROTC program.”Tags: Air Force, Army, Navy, Pass in Review, ROTC
from $149.00 Hamilton Related Shows Lin-Manuel Miranda’s hip-hop musical Hamilton is arriving on Broadway beginning July 13, and we’ve got a sneak peek of the production’s new poster art. Directed by Thomas Kail and featuring a book, music and lyrics by Miranda, the hit musical about founding father Alexander Hamilton is currently playing a limited engagement at the Public Theater through May 3 before transferring to the Richard Rodgers Theatre. Check out the new artwork, then see Miranda and the cast of Hamilton on Broadway this summer! View Comments
After workers complete the updates, the Armed Forces will redesignate the helicopters as AS 365 K2-Super Panteras. The third helicopter to be modernized was delivered to ground forces on December 21st, and will join the aircraft at the Army 2nd Air Battalion (BAvEx) in the city of Taubaté in São Paulo. “The result, from the Army Aviation point of view, is that the rebuilt helicopters and the modernized ones are equal and standardized and provide the same performance,” CCOMSEx said. The Army considers the Pantera helicopters to be “general use” aircraft because the Armed Forces can deploy them in a variety of missions, such a search and rescue operations and for border patrols. In 2015, the new helicopters performed some of these missions, and completed 1,000 flight hours in October. Four new aircraft will be delivered in 2016 To increase the helicopters’ power, workers installed ARRIEL 2C2CG model engines. The new engines are stronger and more fuel efficient, which means increased power, according to the Army’s Social Communications Center (CCOMSEx). The first two helicopters to be modernized were completely rebuilt, with each one receiving a completely new external structure, as well as updated systems and equipment. The remainder of the helicopters will not have their external structures replaced, though their systems and equipment are being updated with the same items as the rebuilt aircraft. The new autopilot equipment will reduce pilots’ workload. The autopilot allows the pilot to let the equipment do the work through much of the flight, but the pilot still needs to take control of the plane during critical moments, such as during take-off and landing. These renovations and upgrades are the result of an $88.29 million (349.35 million Brazilian reals) contract the government awarded to Brazilian company Helibras in 2009. Under the terms of the agreement, the company will renovate each of the 34 helicopters by 2021, when the contract expires. Helibras began to deliver the renovated vehicles in 2014, when it provided the first two Super Panteras. “We anticipate receiving four more units in 2016,” CCOMSEx explained. The AS 365 K-Pantera helicopters could only carry about eight service members because the weight of any more, along with that of the equipment on board, would make flying unsafe, according to CCOMSEx. “But now, with the new helicopters’ capacity, it is possible to transport nine service members and work in improved safety conditions.” “Greater power reverts to a greater useful load, meaning it is able to carry more weight. Before modernization, the Pantera could carry 4,150 kilograms. Now, it can carry 4,300 to 4,500 kilograms,” CCOMSEx added. The 2016 Olympics The night vision goggles enable service members to see with minimal illumination. This technology broadens the circumstances under which the Military can use the helicopters. The Military subjected the three renovated helicopters to a series of tests, known as the Technical-Operational Evaluation. During the evaluation, the Army conducted 150 missions in 12 Brazilian cities, testing in profoundly different environments throughout the country, such as the Amazon Rain Forest – which has a humid and rainy climate – and the landlocked center of the country, which is dry and hot. Brazil’s Army is modernizing its fleet of 34 AS 365 K-Pantera helicopters, which the Military has deployed since 1989. By Dialogo January 07, 2016 Renovating the helicopters increases their power by 40 percent and extends their usable life by 25 years. Workers are installing numerous upgrades to each vehicle, such as a digital autopilot, night vision equipment and cable cutters – a protection that helps service members avoid accidents in the event of being shocked by electrical wires. For example, the Military used the renovated helicopters to support service members who were participating in Operation São Francisco, during which the Army supported the 14-month pacification of Rio de Janeiro’s Maré favela complex. Authorities also anticipate using the Pantera helicopters during the 2016 Olympics, as these aircraft will be used during counter-terrorism activities under the Army Special Operations Command. HE WHO REJECTS DRUGS IS COURAGEOUS. HE WHO SUCCUMBS TO THEM IS COWARDLY. WHICH ARE YOU: COURAGEOUS OR COWARDLY? I must say that they deserve all the merit. Congratulations! I’m counting on you to take over Brazil!
By Julieta Pelcastre/Diálogo October 13, 2017 Only minutes after an earthquake shook Mexico on September 19th, the Mexican Armed Forces deployed over 14,000 troops in support of search and rescue efforts. The 7.1-magnitude earthquake struck the center of the country, with serious consequences for Mexico City. “Navy commanders don’t need authorization from their joint staff or from the federal government to provide [emergency] aid to municipal or state governments,” Mexican Navy Captain Carlos Guerra Ortega, who works at the Civil Protection and Contingencies division of the Mexican Secretariat of the Navy (SEMAR, per its Spanish acronym), told Diálogo.“These commands established in the 17 coastal states take part in the councils of every municipality and state of the Mexican republic.” The Mexican National Seismological Service determined that the epicenter was 12 kilometers southeast of Axochiapan, Morelos, 120 km. from Mexico City, and at a depth of 57 km. The quake, which shook the nation’s capital with an exceptional amount of force, caused thousands of terrified people to come out into the streets. Communication lines fell along with 38 buildings. Hundreds of people were trapped in the rubble of collapsed buildings. The states of Morelos and Puebla experienced a similar scenario. The federal government responded immediately by convening the National Emergency Committee. This activated “Plan MX,” which coordinates and organizes the work of the Army’s “Plan DN-III-E,” the Navy’s “Plan Marina”, the Federal Police Civilian Population Support Plan, and other response plans to address a major event like this under a single authority, the National Civil Protection System. Plan MX is flexible and allows institutions like SEMAR to activate their own corresponding plans. Thus, the institutions can provide the required support while the emergency is still happening. Immediate deployment To address the situation, the Army, Navy, and Air Force immediately deployed their troops, resources, and equipment to the most critical zones. Support from domestic and international civilian Collapsed Structure Search and Rescue teams (CSSR) enhanced the capacities of the teams already on the ground and allowed for greater efficiency in their work. Through the Army and Air Force, the Secretariat of National Defense (SEDENA, per its Spanish acronym) mobilized 4,169 service members to Mexico City, 1,663 to Morelos, and 1,185 to Guerrero and the state of Mexico. All of them deployed ready to undertake humanitarian assistance, medical care, search and rescue, and debris removal tasks. SEMAR immediately deployed 4,125 naval troops to the capital. Help came in the form of rescue vehicles, communications teams, canine teams, and a group of CSSR specialists. “We assessed the damages using mobile-wing and land units to find out what place was most affected,” Capt. Guerra said. “Ninety minutes after the quake, a CSSR group was already deployed and serving the affected population in the nation’s capital.” As part of the response plan, the Federal Police (PF, per its Spanish acronym) sent 3,000 officers to participate in search-and-rescue operations. To prevent any incidents from occurring, the security officers established a perimeter in the most affected areas. The PF also assisted with transferring the seriously injured in Morelos and Puebla to its air units. “Thanks to the response plans, the constant preparation activity using comprehensive risk management and institutional coordination, there were no additional problems,” Capt. Guerra stressed. “We acted as soon as possible to support the civilian population.” Capability, determination, and trust “The maturity and organization of the civil society was a clear reflection of what SEMAR can learn internally,” Capt. Guerra added. “From the first few minutes after the quake, the population united to give the necessary help wherever there was an emergency.” “The capacity of both the Navy and the Army to help the authorities manage the social mobilization in support of the victims should be highlighted,” Yadira Gálvez, a security and armed forces analyst at the National Autonomous University of Mexico, told Diálogo. “Especially the assigned search-and-rescue tasks.” The majority of the population recognizes the participation of the Armed Forces in benefitting the people. According to Gálvez, Mexico not only deploys forces practically every year in support of people affected by natural disasters, but it also has a great track record and extensive experience with natural disasters. When this contingency situation occurred, the Mexican Armed Forces were already participating in a mission to support the population affected by hurricanes in the states of Baja California Sur, Veracruz, Tamaulipas, and Guerrero. At the same time, they were doing work in the aftermath of an 8.2-magnitude earthquake that occurred in the states of Oaxaca, Chiapas, Tabasco, and Guerrero on September 7th. “Civilian military relations are becoming stronger, and we are making progress in the level of trust and certainty that society has in the Armed Forces,” Javier Oliva, a professor at the National Autonomous University of Mexico who specializes in military issues, told Diálogo. “The Armed Forces have the necessary capacity and determination to support the population in difficult moments.” Mexico makes progress on disaster prevention Mexico has changed its approach. It has gone from having a reactive system to a preventive system. “Having comprehensive risk management increases the people’s resilience,” Capt.Guerra said. “Mexico understands that there will always be risks, and nothing can be done about them [earthquakes, hurricanes, heavy rains, fires], but to stop these risks from becoming disasters, we work on reducing vulnerability.” “Once more, we are demonstrating Mexico’s strength and institutional capacities, although we also have to improve our protocols,” Gálvez said. “Betting on prevention has allowed us to reduce the loss of human life,” Capt. Guerra concluded. Earthquake support efforts are ongoing.
3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Now that the Super Bowl is over (congrats, Broncos!), the normal flow of the universe is to direct our attention to spring training. And that got me thinking…spring training…training…compliance… compliance training! (Hey, it’s how a compliance geek’s mind works – you know what I’m talking about!)Surprisingly, there aren’t very many training requirements specifically stated in law or regulation. However, even when training isn’t specifically required by statute or regulation, it’s still critical that your credit union provide job-appropriate training for staff and board members. While staff members are responsible for carrying out many of the day-to-day requirements contained in regulations, and board members have the broad responsibility for directing and controlling the affairs of the credit union, both groups have a shared responsibility to ensure that your credit union complies with all applicable laws and regulations. In order to do so, they need to know the “what” and “why” of those laws and regulation.So, on to training that is specifically stated in law or regulation:Bank Secrecy Act [Section 5318(h)] — Requires financial institutions to have an anti-money laundering program that includes an ongoing employee-training program.NCUA Rules and Regulations §748.2(b) — Requires all federally-insured credit unions to have a Bank Secrecy Act program in writing, approved by the board of directors of the institution, and noted in the minutes. The program must provide training for appropriate personnel. However, while no interval is mandated for providing that training, from a practical standpoint (i.e., what examiners or auditors are looking for) you would be foolish to conduct training less than annually. continue reading »
Just because you use a model form when asking members if they want to opt-in to overdraft protections, don’t assume that your credit union is safe from being sued over the adequacy of these disclosures. That is my takeaway from the latest case I have seen. It joins a growing body of litigation in which members are being allowed to sue credit unions for providing inadequate account balance disclosures which lead to unnecessary overdraft fees.First some background, with apologies to those of you who already know most of this. There are two basic methods for calculating account balances: the actual or ledger balance method refers to all money currently in a member’s account. In contrast, the available balance method refers only to those funds actually available for use by the member. A second key point to keep in mind is that 12 CFR 1005.17 stipulates that opt-in disclosures for overdraft protections shall be “substantially similar” to model form A9. My guess is, this is the form your credit union uses. The Electronic Funds Transfer Act shields credit unions from liability for any failure to make disclosures improper form provided that the model form is used. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
“We hereby demand that the panel of judges sentence the defendant to two years in prison,” Randi told the court.When the judges asked the defendant to respond, she said, “I feel the demand is not proper.”Presiding judge Sri Wahyuni Batubara gave the defendant and her legal advisor two weeks to prepare a defense statement.Read also: Commentary: Indonesia has serious ‘overcriminalization’ problem Prosecutors at the Medan District Court in North Sumatra are seeking two years of prison for defendant Febi Nur Amalia, who is on trial for defamation for demanding on Instagram that the wife of a police officer repay a debt of Rp 70 million (US$4,763).Prosecutor Randi Tambunan argued that the 29-year-old had no right to “slander” Fitriani Manurung, who filed the case against Febi, in her attempt to collect the debt on social media.Randi said the defendant’s actions violated articles 27 and 45 of the Electronic Information and Transactions (ITE) Law. The articles carry a maximum punishment of six years in prison and a fine of Rp 1 billion. The case started in December 2016 when Fitriani, who is the wife of a local police senior commissioner, reportedly borrowed Rp 70 million from Febi, her friend, a resident of the Menteng Indah complex in Medan.In 2017, Febi allegedly tried to collect the debt several times but to no avail. Fitriani reportedly blocked Febi’s phone number.Febi sent a direct message to Fitriani’s Instagram account in early 2019 to ask for the money, but Fitriani said she did not recognize her. She then allegedly blocked Febi’s account for a second time.Febi then posted an Instagram story using her handle @feby25052 and tagged Fitriani. It read, “I suddenly remembered the wife of a police senior commissioner who hasn’t paid her debt to me, amounting to Rp 70 million, for years @Fitri_Bakhtiar. I would easily let the money go if the debtor was poor, but it’s different in this case because the debtor herself is rich. So I have to claim the money.”In a previous hearing, Febi claimed to have strong evidence of Fitriani’s debt. Febi said Fitriani had asked for the money to buy a bag for the wife of a senior National Police officer.Fitriani has denied having a debt to Febi. She claimed the money was not transferred to her account but to her husband’s. Fitriani said the Instagram post had harmed her. (syk)Topics :
New data from CoreLogic shows Sydney home values continued to fall in October. Photo: AAP Image/Paul Miller.Melbourne home values rose half a per cent during October, while Perth and Adelaide held steady.Veteran real estate agent John McGrath told The Courier-Mail this week he expected growth of 10 to 20 per cent for southeast Queensland house prices in the next two to three years, with Brisbane at the forefront. New home sales fell 6.1 per cent in September according to the HIA. Photo: Glenn Hunt/Getty Images.undefined CoreLogic research analyst Cameron Kusher. Picture: David Clark.But CoreLogic research analyst Cameron Kusher is not as bullish about the Queensland capital.He said home values in Brisbane weren’t falling, but they weren’t accelerating either.More from newsParks and wildlife the new lust-haves post coronavirus1 day agoNoosa’s best beachfront penthouse is about to hit the market1 day ago“As a homeowner (in Brisbane), you’d have seen the growth in Sydney and Melbourne and you’d like to be seeing some of that growth here, but at this stage it’s not coming to fruition,” Mr Kusher said.Beachfront unit sells for record priceQueensland set for double-digit growthWould you buy next to a cemetery?“Obviously there’s some growth, but there’s also been a lot of unit construction over the last couple of years without a particularly strong economy, so there will be the impact of the overhang of the unit market.“The Gold Coast and Sunshine Coast are recording much stronger rates of annual growth than Brisbane. While migration (to the state) is picking up, more of those people may be settling on the coast than in Brisbane.” CoreLogic research analyst Cameron Kusher says Brisbane’s unit oversupply is impacting home values. Photo: Glenn Hunt/Getty Images.Mr Kusher said Brisbane needed to see a sustained improvement in employment growth to lure more people across the border.“Brisbane has the advantage of being a lot cheaper than Sydney but it also doesn’t have a really strong economy at the moment,” he said.“Employment is improving, but it will take some time to feed through.”Mr Kusher said it would be interesting to see what economic promises were made in the lead-up to the Queensland election.CommSec chief economist Craig James said in a research note that the Reserve Bank of Australia would be comforted by the latest CoreLogic data on home prices.“There are no indications as yet that the housing market is headed for a ‘hard landing’ although clearly trends will bear watching over the next year or so,” he said.“The Reserve Bank has no need to lift or cut rates as yet.“Home prices are growing at a slower pace in many markets, but back to more sustainable levels. Home affordability will start to improve again in major cities.” The CoreLogic Hedonic Home Value Index for October is likely to show Brisbane home values rose 0.3 per cent during the month. Photo: Glenn Hunt/Getty Images.WHILE some industry experts are tipping strong growth for Brisbane house prices in the near term, new data out today reveals the current state of play for the market is still slow and steady.Brisbane home values edged 0.2 per cent higher, to be up 2.7 per cent annually, according to property research group CoreLogic.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:34Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:34 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, 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 Rate1xFullscreenMonthly Core Index: October 201700:34The CoreLogic Hedonic Home Value Index for October confirms Australia’s heated east coast housing markets are continuing to lose steam, driven by Sydney.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERENationally, dwelling values flatlined in October, led by a 0.5 per cent fall in dwelling values in the country’s biggest market, Sydney, which has been impacted by tighter credit conditions, rising stock levels and affordability pressures.That’s the largest month-on-month decline for Sydney since March 2016.
In pension funds without surplus assets, the high conversion rate has led to cross-financing of pension payouts from active members’ assets. In addition, the same active members are expected to retire with a lower conversion rate – meaning lower pension payouts.“One generation financing the other because returns are too low is not intended but necessary to a certain extent because otherwise we would have to amend the conversion rate every year,” Baumann said. Instead, he suggested allowing variable pension payouts above a certain minimum income threshold, a subject gaining interest in Switzerland after last year’s move to grant more investment choices and variable pensions for so-called “1e plans” for higher earners.Baumann emphasised that “solidarity was the spine of the second pillar”, without which supplementary pensions could be organised privately via insurers.At the VPS conference, Patrick Spuhler, founding partner of pension consultancy Prevanto, said it could make sense to have a different conversion rate for women. Despite the fact that women live longer, they usually “cost less” after they have died as their husbands more often than not have died before them.“With men, marriage is ‘worse’ for pension funds as they usually have younger wives who are eligible to a widow’s pension,” Spuhler observed.He cited statistics that showed both married men and women live longer than the average after age 65, but life expectancy has improved the most for divorced retirees.While delegates at the conference agreed it might not make sense to have different conversion rates for different situations, Spuhler argued that trustees should still “know about solidarities as well as cross-financings happening within a pension plan and manage them”. Swiss pension funds should consider measures to compensate members that are missing out due to the country’s high minimum conversion rate, according to consultancy c-alm.Switzerland has twice failed to pass measures lowering the conversion rate, which is used to calculate pension payouts from accrued assets in the mandatory part of the second pillar. The rate is currently 6.8%, but experts have argued that it should be well below 6% given the low interest rate environment and expected weaker investment returns.“A Pensionskasse should know the history of the separate generations of retirees and allocate free resources to create compensation for those that do not profit,” argued Roger Baumann, partner at c-alm, during a seminar for pension fund representatives organised by the VPS publishing group in Zurich.He added: “A general approach no longer makes sense as we have seen major differences before and after the crisis.”