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Less than half of pension fund trustees say that moving scheme assets to a commercial consolidator would “significantly improve” the defined benefit (DB) pension landscape in the UK, a survey has claimed.According to Willis Towers Watson (WTW), the consultancy group, just 43% of the 93 UK pension fund trustees canvassed said they backed the efficacy of commercial consolidators.Only 26% of respondents said they would feel “comfortable” about transferring their assets to a superfund.“Many trustees are expecting to be asked by their scheme sponsor to sign off on moving the scheme into a consolidation vehicle, but our research shows that very few would feel comfortable weighing the potential benefits and disadvantages at this stage,” said Gareth Strange, senior director at Willis Towers Watson. “It’s a difficult decision that trustees aren’t used to making.”Superfunds are relatively new to the UK pension fund industry. Earlier this year, the Pension SuperFund – led by CEO Alan Rubenstein, the former chief executive of the Pension Protection Fund (PPF) – launched with the aim of attracting £500bn (€570bn) of pension assets.However, questions remain over the future legislative and regulatory framework for the new vehicles.Earlier this month, the PPF warned in a submission to the UK’s influential parliamentary Work and Pensions Committee of the “significant risks posed by ‘superfund’ consolidators”.The PPF said: “Essentially, if the superfund model gains traction and superfunds achieve sufficient scale, they could pose a systemic risk to PPF levy payers who would essentially be underwriting their investment strategy.”Yet for others, the economies of scale offered opportunities to both cut costs and apply pressure to reduce fund management fees. Earlier this month, WTW launched a defined benefit (DB) scheme management service that it said could provide pension funds with a pathway to joining a consolidator.However, Strange warned that the process was not always straightforward.“The sweet spot for these consolidators is likely to be schemes that are already reasonably well funded and where the employer could inject some extra cash quickly, but in order for trustees to sign off on it, they would have to be confident that the consolidator’s long-term viability is stronger than that of their own scheme sponsor,” he said.“This could result in quite limited take up for superfund consolidation vehicles.”
Stuff co.nz 14 February 2016Family First Comment: More justification for concerns about the HPV Vaccine. “Finally she was diagnosed with an autonomic nervous disorder… Research on the internet led her to other girls around the world displaying the same or similar symptoms. They all had one thing in common – Gardasil. Whether the vaccine triggered the problems or caused them is not proven.”“Isn’t it crazy that life can be one thing – and in an instant it can be changed forever,” a Timaru teenager blogged at the end of last year.Since then she has come to the conclusion that it was no coincidence she fell acutely ill after getting the HPV vaccine.Olivia, 16, cannot prove her belief is correct, despite going through 14 months of hell.A week after being vaccinated in July 2014 she become allergic to various foods. Then fatigue and breathing difficulties set in.Over the Christmas holidays she struggled to walk up stairs.“Following this I got shingles, had poor vision and was dizzy every time I sat up. So basically, I spent those summer holidays in bed.”Back at school in February, Olivia had a breathing episode and her legs failed to hold her weight. She was taken to Timaru Hospital but no diagnosis was forthcoming.“Not being diagnosed was the worst part. At this stage I thought I may never walk again.”For the next eight months she was in a wheelchair, as her legs were constantly tingling and all purple and blotchy-looking.Then her heart was affected and she kept blacking out, leading to a cardiologist sending her to Auckland’s Starship Hospital.Finally she was diagnosed with an autonomic nervous disorder. After a week of treatment she spent two months at the Wilson Rehabilitation Centre, also in Auckland.Research on the internet led her to other girls around the world displaying the same or similar symptoms. They all had one thing in common – Gardasil.Whether the vaccine triggered the problems or caused them is not proven.READ MORE: http://www.stuff.co.nz/timaru-herald/news/73963166/Olivias-long-road-back-to-health
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Aside from online sellers, the BIR memo also covers “other stakeholders involved” in online transactions “such as payment gateways, delivery channels, internet service providers, and other facilitators.” MANILA – Instead of taxing online sellers, the Bureau of Internal Revenue (BIR) should first collect the unpaid taxes of the Philippine Offshore Gaming Operators (POGOs).Opposition senator Risa Hontiveros reiterated this Thursday, saying the government should first prioritize the welfare of the Filipino, who resorted to online selling as alternative during the coronavirus disease 2019 (COVID-19) pandemic. “Imbes na online sellers, baka pwedeng singilin muna ang mga POGO na may P50 billion in unpaid taxes?” Hontiveros said in a statement. “Pwede bang kapakanan ng Pinoy muna?”The BIR earlier came up with Memorandum Circular No. 60-2020, which states that “all persons doing business and earning income in any manner or form, specifically those who are into digital transactions through the use of any electronic platforms and media, and other digital means,” shall register to ensure that they are tax compliant. But Hontiveros questioned why the government seems to impose strict policies against Filipinos, while being lenient on POGOs.“Bakit ba ang luwag natin sa POGO pero ang lupit sa mga Pilipino? Kahit na may P50-B unpaid taxes sila, at kahit na di essential, pinayagan pa ring mag-operate sa ilalim ng ECQ (enhanced community quarantine). Mayroon din silang mass testing at tayo wala,” she said.Senator Joel Villanueva also made the same sentiment as he lauded the Filipinos who were engaged in online selling as alternative after not getting cash assistance from the government.“Pasalamat nga tayo at madiskarte ang mga Pilipino. Wala na ngang ayuda, ita tax pa, hindi naman milyon-milyon ang kinikita ng maliliit na online sellers,” Villanueva said in a Twitter post.Meanwhile, Malacañang assured the two senators the BIR is going after the P50 billion tax debts by the POGOs in the country as they were not allowed to resume operations until they settle their tax dues.“Huwag silang mag alala sinisingil natin ang mga POGOs. Hindi sila makakapagbukas nang hindi nagbabayad,” Presidential spokesperson Harry Roque said in a virtual press conference on Thursday./PN “Bakit ba ang luwag natin sa POGO (Philippine Offshore Gaming Operators) pero ang lupit sa mga Pilipino?” asks senator Risa Hontiveros. JOSEPH VIDAL/SENATE PRIB
The 36-year-old full-back, capped 44 times by his country, made his professional debut at Spurs as long ago as 1993, alongside the likes of Gary Mabbutt, Vinny Samways and Teddy Sheringham. Carr first announced his retirement in December 2008 at the age of 32 after failing to find a club following his release from Newcastle, but was persuaded to reconsider by Birmingham in February the following year. “I am going on 37 and now is the time to bow out,” Carr told the Birmingham website. “I felt okay in pre-season but my knee just crumbled away. “Three operations in 18 months basically told me it had had enough. It just wasn’t meant to be in the end. “The fans have been brilliant with me since I came in and I have had a great relationship with them. “I will never forget that day lifting the cup. It was a big, big thing for me.” Carr made over 100 appearances for Blues, and as captain led the club to a ninth-placed finish in the Barclays Premier League in 2010 and Carling Cup glory a year later. Former Republic of Ireland international Stephen Carr has called time on his career after more than 400 league appearances for Tottenham, Newcastle and Birmingham. Press Association
Wigan manager Roberto Martinez insists the club’s FA Cup triumph will not be a distraction as the fight for Barclays Premier League survival comes down to a make-or-break night at Arsenal on Tuesday. The Spaniard believes the Latics, who need six points from their last two matches to have any realistic chance of staying up, made a worldwide name for themselves by beating Manchester City at Wembley to lift their first major trophy on Saturday. But he does not think it will affect the mentality of his players as they head to the Emirates Stadium needing a positive result to keep their eight-year top-flight status alive until the final day of the season. Martinez said: “The history of the football club gets adjusted by days like Saturday but I don’t think that is something we have to worry about. It was a moment that changed the perception of our club for millions of people outside the UK and that is really positive but it doesn’t need to affect the next two matches.” Press Association He added: “To see a team like us deservedly win the trophy playing a powerhouse of world football in Manchester City is one of those incredible stories. The memories will live forever but we need to focus on the next two games.” Wins for Wigan against the Gunners and at home to Aston Villa on the final day of the season would see them survive. Martinez believes that is actually helpful to their cause as they know there is no margin for error. “I think we are fortunate in terms of results because if you are relying on other people to do your job that doesn’t work in football,” he added. “We are very fortunate in that we are third from bottom but if we win the six points we don’t have to rely on anyone. “The way we see it is as we expected after the game against Swansea (which they lost 3-2 last week) – it is plain and simple, we need six points and we don’t have to look elsewhere. “It is important that mentally the mindset is right and it is right because of what is happening within the town and what happened at the weekend.” Aside from the FA Cup distraction there is also speculation about Martinez’s future as he is one of the front-runners for the soon-to-be vacant Everton job. However, the Latics boss refuses to be sidetracked by the rumours. “It is the wrong time to speak about individuals,” he said.
Relations between the club and the player’s agent Aidy Ward hit a low last month when the Reds cancelled a meeting to restart negotiations over a new deal after comments from Ward suggesting the 20-year-old would not sign a new contract. The England international turned down Liverpool’s £100,000-a-week offer in January and all the noises coming from the player’s camp since appear to have been designed to manufacture a move away. Manchester City, Manchester United, Chelsea, Arsenal and Real Madrid have all been linked but Gerrard believes Sterling risks losing regular football if he leaves Anfield. “I wish I did know (what will happen) because I have been reading a lot about him myself,” said the 35-year-old. “I think the only two people that know are Raheem and his agent. “I think for the player’s sake and for all of us fans out there he needs to make the decision quickly. “I hope he stays. I think for his development as a player he has a fantastic manager to look after him, a great set of team-mates. “I think it’s important he plays week in week out, keeps trying to learn and strive to become a world-class player. “I think the frustrating thing for me would be if he went to a club and became a squad player and just another number and he didn’t have that chance to progress. That’s the risk.” Gerrard, speaking at the launch of BT Sport’s Champions League coverage of which he will be a pundit, is currently preparing for his move to Major League Soccer with Los Angeles Galaxy. His departure from Anfield, confirmed back in January, turned out to be the first of many with fellow players Glen Johnson and Brad Jones not offered new contracts and, following an end-of-season review, assistant manager Colin Pascoe and coach Mike Marsh also lost their jobs. “I was very surprised. I didn’t expect there to be any changes in the staff positions,” added Gerrard. “I think Brendan (Rodgers) and the bosses have made those decisions and I’m looking in with a keen interest to see who he puts alongside him and how he tries to improve or strengthen his staff moving forward. “A lot of names have been mentioned but I can’t give you any insight or names because I’m now on the outside and don’t have that relationship with Brendan any more where I might have got a bit of a nudge on it. “I think Brendan will obviously have felt he needed to make some changes and freshen certain things up in his staff. “I am very interested to see who he puts in alongside him and also to hear Brendan speak in a press conference to see why he has decided to make those decisions.” Former Reds assistant manager Pako Ayestaran, ex-defender Sami Hyypia and one-time Manchester United coach Rene Meulensteen have all been linked with the posts. The position of Rodgers remains safe following his review with chairman Tom Werner and Mike Gordon – president of club owners Fenway Sports Group – but he has been left in no doubt improvements have to be made after last season’s sixth-place finish. Should he not get off to the best of starts in the new campaign he will find the shadow of Jurgen Klopp growing larger. The recently-departed Borussia Dortmund manager’s agent Marc Kosicke has said the German is interested in a move to England and would not be put off by not having Champions League football. “The Premier League is very exciting,” Kosicke told German media outlet SPOX. “And we do not only think about the top four because there are some other great clubs below them. “It is always all about the challenge. When Jurgen signed for Dortmund there were other clubs who had better prestige and were in better financial mood at this time. Nevertheless he decided for Dortmund. “He has the great ability to develop things. If he goes into a stadium, feels the energy and thinks that he can make a difference here, this could be more attractive to him than going with the big deals and aiming for the treble.” Departing Liverpool captain Steven Gerrard has warned Raheem Sterling he risks stagnating as a squad player if he succeeds in forcing a move from Anfield. Press Association
A Florida student was arrested after attempting to hire a hitman to kill a staff member at his high school.Nicholas Robert Godfrey, 18, of New Port Richey, is facing a first-degree felony charge of solicitation for murder.Police say the teen sent incriminating messages to another Fivay High School student on Instagram from an account known as “fivayfanclub.”“I need a guy who could kill someone,” Godfrey wrote. “No joke. I need him eliminated as soon as possible.”Deputies also said he offered to pay $100,000 for the victim’s head.This story is developing.
JAMAICA Football Federation (JFF) president, Captain Horace Burrell, is an angry man. The annoyance comes from a letter delivered by president of the St Ann Football Association, Danny Beckford, asking the JFF boss to resign.“The first move is for you as the president and your general secretary to leave the football asministration ASAP,” read the letter from Beckford.According to Beckford, Jamaica’s football has regressed under the leadership of Burrell, inclusive of much wasting of resources, to the detriment of parish associations.Beckford went on to say that Captain’s style of leadership has meant the organisations involved in building the nation’s football do not have a say in the decisions of the JFF, lending to a way forward that is just Burrell’s vision.Beckford and Burrell seemed to have the same ideas about Jamaica’s football until the former broke ranks to back the election campaign of Orville Powell, who went on to lose comfortably to Burrell last year.The St Ann FA president included a threat in his letter, addressed to the president and all members of his executive, saying; “And there will be efforts to remove you if not voluntarily walking away. It is imperative to save our football from you and your aforementioned flawed vision of our sport. The ball is in your half.”Burrell has not minced his words in response to the threat, saying the JFF executive would be dealing with the issue.“This is the second time this man has done that in weeks and almost all the existing (JFF) members have written in and have disassociated themselves,” said Burrell, in a response to the Jamaica Observer.“My official response is that Mr Beckford will be dealt with by the executive committee, as more than 90 per cent (of executives) have expressed their displeasure in the letter and they will deal with him at the next meeting,” said Burrell.(Sportsmax.com)