Universities finalise panel to scrutinise USS valuations

first_imgSally Bridgeland – UUK nomineeA highly influential figure in the UK pensions industry, Bridgeland is a former CEO and CIO of the BP Pension Scheme.Currently, she holds a number of non-executive roles including trustee at both NEST and the Lloyds Bank pension schemes, and non-executive director at Royal London, Impax Asset Management, and the Local Pensions Partnership. The panel tasked with scrutinising the valuation of the UK’s largest pension scheme is complete following the nomination of three pensions experts.Universities UK (UUK) today put forward Hymans Robertson’s Ronnie Bowie, Avida International’s Sally Bridgeland, and the Pensions Policy Institute’s Chris Curry as its three representatives for the Joint Expert Panel, which will assess the various figures and methodologies used to value the liabilities and assets of the Universities Superannuation Scheme (USS).UUK, which represents universities and employers, has been in a long-running dispute with the University and College Union (UCU) about how the £60bn (€68.5bn) USS is funded. The scheme reported an official deficit of around £5bn following its 2017 actuarial valuation, but other calculations have put the shortfall as high as £12bn-£17bn. Proposals to close the defined benefit section of the hybrid scheme led to weeks of strike action from university staff. Since stepping down from the Pensions and Lifetime Savings Association last year, Segars has taken up a number of non-executive positions. Most notably, she is chair of the £41.9bn LGPS Central, one of eight asset pools formed by the UK’s local authority pension schemes. She is also a board member at the UK’s Environment Agency.Ronnie Bowie – UUK nominee Earlier this week the UCU named three professors as its nominees for the panel: Saul Jacka is professor of statistics at the University of Warwick and a Turing fellow at the Alan Turing Institute; Deborah Mabbett is professor of public policy at Birkbeck, and Catherine Donnelly is associate professor at Heriot-Watt University, where she heads up a unit focusing on pensions, investment and insurance research.Their appointments followed the announcement of Joanne Segars, former CEO of the PLSA, as chair of the group.The panelJoanne Segars – independent chaircenter_img Bowie joined consultancy group Hymans Robertson in 1980 and is now a partner at the firm. He is also chair of the £49bn Royal Bank of Scotland Pension Scheme, and is a former president of the Institute and Faculty of Actuaries.Among his other non-executive roles Bowie is chair of court at the University of Dundee. Chris Curry – UUK nomineeCurry is director of the Pensions Policy Institute (PPI), an independent think tank. He was one of three industry experts called upon by the UK government to review its automatic enrolment programme last year. He has also worked as an economic adviser at the UK’s Department of Social Security (now the Department for Work and Pensions), and as a senior economist at the Association of British Insurers.Catherine Donnelly – UCU nomineeAn associate professor at Heriot-Watt University, Donnelly has worked as an adviser on pension scheme valuations and investment strategies for several consultancy firms. At Heriot-Watt she heads the Risk Insight Lab with a focus on pensions, investment and insurance research.Saul Jacka – UCU nomineeJacka is a professor of statistics at the University of Warwick and a Turing fellow at the Alan Turing Institute. Much of his research over his 30-year career has focused on how mathematical finance links with actuarial science. He is also a trustee of Warwick’s pension scheme for non-USS staff.Deborah Mabbett – UCU nomineeMabbett is a professor of public policy at Birkbeck. According to the UCU, much of her research has focused on the relationship between the state and occupational or private pension schemes. Her current research focuses on the implications of rising and flexible retirement ages for the management of pension assets.last_img read more

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San Carlos City local nabbed for drug charge

first_imgThe 37-year-old resident Jesus Carlos Ejercito was caught around 3:15 p.m. on Aug. 4, police said. The court recommended a P200,000 bail bond for his temporary liberty./PN BACOLOD City – Police arrested a drug suspect in Barangay 1, San Carlos City, Negros Occidental. Ejercito’s apprehension was staged on the strength of an arrest warrant issued by Judge Arville Delgado of the Regional Trial Court Branch 57 in San Carlos City dated June 17, 2020. The suspect was detained in the lockup facility of the San Carlos City police station.last_img

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Senator Liesing talks education

first_imgOldenburg, In. — Ensuring Indiana students have the opportunity to receive a quality education is always a top priority for me.During the 2018 legislative session, I supported several bills aimed at improving Indiana’s education system.House Enrolled Act 1001 provides the additional funding needed due to higher-than-expected enrollment in public schools for the 2017-18 and 2018-19 school year, which will give schools the per-student funding allowed by the 2017 budget. With this bill, all Indiana schools will see a per-student increase, even if their enrollment declined.House Enrolled Act 1426 adjusts Indiana’s diploma system to make sure all high-school graduates are provided with a better, more effective pathway into college or the workforce. To do this, HEA 1426 paves the way to create more ways for students to graduate, ensuring they are on an education path that benefits their future.For more information on legislation passed this session, click here.last_img read more

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United Rebel Sprint Series on Wheatshocker Nationals card at RPM

first_imgThe Sunday portion of the event will pay $2,000 to win and a minimum of $200 to start. Gates will open at 4 p.m. each day with hot laps slated to begin shortly after 6 p.m. and green flag action at 7 p.m. HAYS, Kan. – The Mel Hambelton Ford Racing POWRi United Rebel Series will gear up for the 12th annual Wheatshocker Nationals at RPMS in Hays on July 11 and 12. This race has been a staple on the URSS schedule since 2008.last_img

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SWAT Team Seizes Nearly $1 Million of Marijuana from Loxahatchee Home

first_imgA SWAT team raid of a home in Loxahatchee this week led to two arrests, as well as the confiscation of nearly $1 million worth of marijuana.The Palm Beach County Sheriff’s Office says deputies on Tuesday arrested 46-year-old Nereida Vila and her boyfriend, Maiker Requejo, 39, on multiple charges related to marijuana cultivation, possession, and trafficking. A 12-year-old and 20-year-old were also in the home at the time.According to the arrest report, the child slept in the master bedroom with the two adults. Meanwhile, two other bedrooms and the garage had been converted into indoor cannabis labs.Courtesy: Palm Beach Sheriff’s OfficeInvestigators ended up seizing a total of 50 plants, weighing about 400 pounds, in addition to a gun. The marijuana had a street value of about $967,000.Vila is a convicted felon. Requejo told investigators he was unaware of the marijuana in the house. Deputies say his wallet contained receipts for liquid fertilizer and other products that are typically used to grow marijuana indoors.Just before the SWAT team entered the home with their search warrant, a deputy smelled raw cannabis coming from the property.last_img read more

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Certfication period extended for teachers

first_imgTeacher’s in Florida now have until December 31st to renew their teaching license.The extension was authorized on Wednesday as part of an emergency order that the state’s Commissioner of Education, Richard Corcoran signed.Hundreds of teachers were concerned that they would no longer be able to teach in the state because their licenses expired this summer, but testing centers that would allow them to take their certification exam, were closed due to the coronavirus.President of the Florida Education Association Frederick Ingram spoke about the extension saying that it is an significant and welcomed change:“The DOE order is a significant improvement over the previous one-month extension, although it doesn’t go as far as we had asked, to extend waivers through the end of the 2020-21 school year. Hopefully, this issue will be revisited in the future to give teachers more time. No educator should unnecessarily lose her or his job because of the disruption from this pandemic. Florida already has a severe teacher shortage. We need to keep teachers in the classroom.”last_img read more

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Hockey News Hockey World Cup 2018: India chase history against Netherlands in crunch quarterfinal clash

first_img For all the Latest Sports News News, Hockey News News, Download News Nation Android and iOS Mobile Apps. Bhubaneswar: Their shoulders are burdened with weight of expectations but it won’t be easy for India to end a 43-year long wait when they take on mighty Netherlands in the quarterfinal of the men’s hockey World Cup, here Thursday. Boasting a rich hockey legacy, India last played in the semi-final of the World Cup way back in 1975 when they went on to lift their maiden title. Of late, the game has witnessed an upward trend in the country but the history does not favour the hosts against the mighty Dutchmen, whom the Indians have never beaten in the World Cup. In the six earlier meetings at the quadrennial event, Netherlands defeated India five times while one ended in a draw. And if Manpreet Singh and his men get past the Dutch on Thursday, they will not only break a jinx but also rewrite history and ink their names in the one of the golden chapters of the Indian hockey.  Going by present form and rankings, there is hardly anything to differentiate between the two sides.  While Netherlands are placed fourth in the current world rankings, India are a rung below in the fifth position.  The last time India and Netherlands faced each in the Champions Trophy earlier this, the match had ended in a 1-1 draw.  The over-all head-to-head record belongs to Netherlands. In the 105 games played between the two sides so far, India have won 33, lost 48 while the rest ended in draws.  However, the two sides have shared the spoils since 2013. India and Netherlands have faced each other nine times since 2013, winning four apiece while one game finished in a draw.  Read More | Hockey World Cup 2018: India beat Canada 5-1 to reach quarterfinals And for India captain Manpreet Singh past results hold significance.  “The past results matter a lot because Netherlands have a better result against us. But, we have played well against them recently. We have also beaten them, drew against them at the Champions Trophy. Indian hockey has improved a lot. The match will be tough and whichever team plays better will win,” Manpreet said.  Read More | Hockey World Cup 2018: France stun Olympic champions ArgentinaThe India-Netherlands duel is expected to be a fast-paced, attacking encounter with both the teams heavily relying on their goal scoring abilities to come out winners.  Both India and Netherlands have scored heavily in the poll stages. While India have scored 12 goals and conceded three, the Dutch have pumped in 18 goals and conceded five.  In the likes of captain Billy Bakker, Seve van Ass, Jeroen Hertzberger, Mirco Pruijser, Robbert Kemperman, Thiery Brinkman, the Dutch have got plenty of experience in the midfield and its strike force. It will be a real test for the Indian defence on Thursday.  The Indians too would be relying on their strikers Mandeep Singh, Simranjeet Singh, Lalit Upadhyay and Akashdeep Singh to continue their good work. With the Kalinga Stadium expected to be packed to its full capacity, there will also be tremendous pressure on the Indian team and the Dutch will be more than happy to exploit any mistake.  “This will be not be the first time. We have played in front of big crows in pool games and in the past as well. We are used to playing in front of big crowds,? Netherlands coach Max Caldas said.  “We always try to play in our own pace, whether it is fast or slow. We like to dictate. We are not concerned about India because we can’t influence what India will do.”  Netherlands skipper Bakker added: “The Indian team also has lot of pressure. They need to perform in front of their home crowd. So I feel the pressure is more on the Indian team than us.”  Meanwhile in the first quarterfinal, Germany will take on Belgium. last_img read more

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Killenaule and Clonmel Commercials ready to do battle

first_imgWhile, Commercials selector Martin Quinlivan knows how difficult the Killenaule challenge will be.He says they’ve more inter-county footballers than Clonmel at the moment, and Commercials have come out on the wrong side of plenty games with them.He says they won’t be taking Killenaule lightly… At 3.30 tomorrow afternoon it’s the big one, between first time finalists Killenaule and Clonmel Commercials, who are vying for their 17th title.Killenaule are widely regarded as a hurling as opposed to football club – something their captain Tony Doyle agrees with.However, he says they’re delighted to be in the football final.. Photo © Tipp FMlast_img

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“Silent Night” Still the Most Popular Christmas Song

first_imgMIAMI, Florida – With the airwaves resonating with Christmas songs and music, National Weekly conducted a recent survey among Caribbean Americans in South Florida to determine what is their most popular Christmas carol or song.As it did when a similar survey was conducted in 2013, the results show a that the carol “Silent Night” with 23 percent closely nipped the song “O Holy Night” that received 20 percent nods in popularity.  It seems that the popularity of the traditional carol is buoyed by its rendition by the ‘Temptations” as over 50 percent of those surveyed referred to this version.The order of the ten most popular Christmas songs and Carols popularity are:Silent Night – 23 percentO Holy Night – 20 percentThe Christmas Song – 10 percentThis Christmas –  9 percentMary’s Boy Child – 7 percentAway In a Manger –  6 percentO Little Town of Bethlehem –  6 percentJingle Bells  – 6 percentWhite Christmas – 5 percentI’ll be home for Christmas – 5 percentO Come All Ye Faithful –  3 percentThe other songs and carols just missing the top ten are “Little Drummer Boy,” “Joy to The World” and “I saw Mommy Kissing Santa Claus.”last_img read more

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Dodgers replace ill Yasiel Puig with rookie Joc Pederson

first_imgPederson was called up from triple-A Albuquerque on Monday and made his major-league debut during the Dodgers’ loss to the Washington Nationals that evening. He also filled in for the slumping Puig in Tuesday’s victory over the Nationals.Pederson was hitting .222 (2 for 9) in four games going into Saturday. He also was the natural pick to play in place of Puig in center field, according to Mattingly. Ethier has filled in for Puig in center this season and last, but he didn’t get the call Saturday.“We feel like Joc’s probably the true center fielder,” Mattingly said. “Andre did a great job for us last year until he got hurt, and he did a fine job this year. When you look at it, and I’ve said this all along, and Scott Van Slyke did a great job for us too.“But neither one of those guys are true center fielders. We’re in a pennant race and we want to play defense. You want to play your best defense. That’s what it’s all about. Andre and I have talked about this. We know it’s not a great situation for him. So many spots for so many guys.”Mattingly said the decision was professional and not personal, but wouldn’t address a reporter’s question about Ethier’s future with the Dodgers. Ethier is signed through 2017, with a $17-million vesting option that could keep him in uniform through ‘18, making it difficult for him to be traded. Newsroom GuidelinesNews TipsContact UsReport an Error Yasiel Puig came down with a stomach ailment and couldn’t start the Dodgers’ game Saturday against the Arizona Diamondbacks. Dodgers manager Don Mattingly could have turned to veteran Andre Ethier to replace Puig in center field.That he didn’t, that he picked Joc Pederson to fill in for Puig for the second time in less than a week, said a great deal about the Dodgers’ expectations for the Pacific Coast League’s MVP. It also said something about their trust in Ethier.“Yasiel is not feeling good today,” Mattingly said several hours before the game when asked to explain Puig’s absence from the lineup. “He’s going to have an IV. There’s something going on with his stomach, so we’ll see how that goes.“It’s opportunity for Joc to do his thing. We don’t want to force him into the lineup or anything else. But it’s an opportunity for him. I think he has a chance to help us. It’s a great experience for him, more than anything. Hopefully, he can help us win some games.”center_img “I love Andre,” Mattingly said. “None of this is personal, you know? And he doesn’t have to agree with me, honestly. We’ve talked about this. At this point, we feel like this is the best club out there, for all different reasons. These are situations here that need to be worked out in the offseason. It’s not going to be worked out now.”Mattingly then added: “I’m not trying to hurt anybody’s feelings. I’m not going to try to bad-mouth anybody or anything else. Seriously, I came here today to try to win a game. That’s it.”Roster movesThe Dodgers placed right-hander Josh Beckett on the 60-day disabled list one day after he said his season and possibly his career could be over because of a hip injury. The club also selected the contract of outfielder Roger Bernadina from Albuquerque.last_img read more

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