UK defined benefit funding levels tick higher as bond yields rise

first_imgTotal assets fell back to £1,273.6bn by the end of April from £1,282.5bn a month before, and total liabilities fell to £1,515.9bn from £1,575.2bn.Schemes in deficit still outnumber those in surplus by more than three to one, with 4,820 schemes shown to be in deficit against 1,237 in surplus.However, over the month, 175 schemes moved from deficit into surplus, the data showed.The PPF said the 3.8% fall in liabilities during April reflected increases in nominal as well as index-linked Gilt yields, pointing out equity markets and Gilt yields were the main drivers of funding levels.Yields on 15-year Gilts rose by 26 basis points in April, while those on the equivalent index-linked paper rose by 3 basis points.Even though the FTSE All-Share index climbed by 2.6% during the month, pension fund assets fell by 0.7% because share-price rises were more than offset by falls in bond prices, the PPF said.The PPF 7800 index shows the estimated funding positions of schemes on a section 179 basis, which represents the premium that would have to be paid to an insurer to take on the payments the PPF would make if the scheme went insolvent. Funding levels at defined benefit (DB) pension schemes in the UK increased last month as yields on government bonds climbed slightly and share-price rises boosted asset levels, according to data from the Pension Protection Fund (PPF).The pensions lifeboat reported that its PPF 7800 index, which includes all 6,057 DB schemes covered by the PPF, showed an aggregate deficit of £242.3bn (€335.7bn) at the end of April, down from the £292.6bn seen at the end of the previous month.The funding ratio rose to 84% from 81.4% over the month but was still well shy of the 96.6% funding level seen in April 2014.In that month, the aggregate deficit had been well below the latest reported level, at just £40.8bn, according to the PPF data.last_img read more

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Catholic Youth Prepare for Episcopal Youth Assembly 2021

first_img Share LifestyleLocalNewsRegional Catholic Youth Prepare for Episcopal Youth Assembly 2021 by: – January 21, 2020 (Photo credit: rotary5040.org)The Catholic community, specifically the youth community, is already setting the stage for its Antilles Episcopal Youth Assembly next year.Dominica will be hosting 400 visiting youths plus 400 residents along with adults and members of the clergy.Last week, six visitors from the AEC Youth Secretariat were on island conducting site visits to finalize planning for the anticipated event.Arch Bishop Kenneth Richards headed the delegation and spoke with the press on Friday, January 17th.He says the headline message is that youth should be more involved in evangelism.“The theme is ‘Youth the Face of Christ Alive’ and this came out of the document by the Holy Father, Christus Vivit. The essence of that document is to call young people to recognize that the church is depending on them and expecting their leadership in church evangelism.”He outlined the priorities for the two-week conference.“A large part of it will be catechesis which will be exploring…and deepening their faith with respect to catholic teachings and spirituality and understanding the scripture.It will also provide an encounter for social outreach.The archbishop revealed, “An element of this will be including the environment.”He referenced Laudato si, the second encyclical of Pope Francis. The encyclical has the subtitle “on care for our common home”. In it, the pope critiques consumerism and irresponsible development, laments environmental degradation and global warming, and calls all people of the world to take “swift and unified global action.“If we look at the document…and the recent synod on the Amazon,” Archbishop Richards said, “They want us to have a heightened understanding of the environment and the impact that we have on it…”He believes Dominica is the ideal place to host the event as a backdrop for the conversation about environmental consciousness. Share Tweetcenter_img Sharing is caring! Share 93 Views   no discussionslast_img read more

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FIFA rules blocked Barca signing La Liga record breaker

first_imgRomero became the youngest ever player to play in La Liga on Wednesday when he replaced midfielder Iddrisu Baba for the closing stages for the visitors in a two-goal defeat at Real Madrid.It is said by Marca that the Catalan club had offered terms to the youngster and his family but because they were not residents of the city, no deal was allowed.Four years later, Romero signed for local Mallorcan team Montuïri before making the move to Mallorca, where he scored a notable 230 goals across 108 appearances in the youth teams.The 15-year-old – born 18 November 2004 – had been included in Vicente Moreno side’s squad to take on Villarreal earlier this month but ultimately made his debut against Madrid on Wednesday, aged 15 years and 219 days.For context, the teenager was born nine months after Madrid captain Sergio Ramos first appeared in La Liga – for Sevilla in February 2004.Born in the Mexican city of Durango, he holds three nationalities – Mexican, Argentinean – whom he has represented up to Under-17 category at youth level – and Spanish, as highlighted by Marca.El Mundo and Diario AS outlined how his style of play has many similarities to that of Barcelona star Lionel Messi and how there is a great deal of excitement surrounding his future. Barcelona had agreed to sign Mallorca’s Luka Romero as a seven-year-old but FIFA regulations at the time blocked any move.Advertisement Read Also: Gerrard reacts to Liverpool’s first ever Premier League silverwareRomero arrived in Spain aged three when he first lived in Villanueva de Córdoba and he now is a resident of Mallorca, with the club paying his wage – said to be €1k per month – and all his rents and utility bills.He signed for the club as a 10-year-old in 2015 and began training with Mallorca’s first-team squad this month.FacebookTwitterWhatsAppEmail分享 center_img Loading…last_img read more

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$1,500 is top check at Luxemburg IMCA Stock Car special

first_imgLUXEMBURG, Wis. – The winner takes home $1,500 from Luxemburg Speedway’s Friday, July 1 special for IMCA Sunoco Stock Cars.The event is sponsored by Quietwoods RV Sales and Service. IMCA Speedway Motors Weekly Racing National, EQ Cylinder Heads Northern Region and Allstar Performance State, but not local track points will be awarded. Entry fee is $20.Xtreme Motor Sports IMCA Modifieds and Karl Chevrolet Northern SportMods, vying for all applicable points, complete the evening card.Pit gates open at 4:45 p.m. and the grandstand opens at 5 p.m. Hot laps are at 6:40 p.m. and racing starts at 7 p.m. Admission is $10 for adults, $8 for seniors, $5 for teens ages 13-17 and free for kids 12 and under. Pit passes are $25.Additional information is available at the www.luxemburgspeedway.com website or by calling 920 621-3272.last_img read more

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FA to rule on Hull name change

first_img The name change was proposed as a means of creating greater marketing opportunities to raise more funding to continue competing at the top level. Allam said the name City was “common” and has even threatened to quit if his plan is blocked. He may, however, be encouraged to fight on following the publication of results of a fans’ poll which appear to back him earlier this week. In the ballot of season-ticket holders over the age of 16, 2,565 voted for the rebrand with 2,517 against. A further 792 expressed indifference. Critics have pointed out, however, that another 9,159 did not take up their right to vote and claimed that the questions were loaded in favour of a yes vote. Hull have actually been known informally, and affectionately, as the Tigers for much of their 110-year history due to their playing colours of black and amber. Waterson feels this issue has had a detrimental effect on a popular part of the club’s tradition. He said: “What is sad about all of this is that we were very proud of our nickname the Tigers. “But now to use the Tigers is almost seen as dirty and it shouldn’t be like that. “People like the fact we are the Tigers – but it is our nickname and should not be included in our name of Hull City AFC, which is our formal name.” The club have not commented ahead of meeting, officially because they want the focus to remain on this weekend’s FA Cup semi-final against Sheffield United. The possibility of an appeal may exist but fans, who have been vociferous in their opposition to the idea, hope that will be the end of the issue. Ian Waterson, spokesperson for campaign group ‘City Til We Die’ said: “This is a day that has been marked on the calendar for some time. “The membership committee listened to all the evidence from all sides of the argument, they did the hard graft, and came to decision to a unanimously reject the name-change application. “It would be historic now for the FA council to fly in the face of what their membership committee has recommended. “The FA has decided to support the fans on this which is excellent news for football and football in this country. “The Allams have got all the tools they need to generate extra revenue without changing the name of the football club.” Aside from this issue, Allam has been a popular owner having resuced the club from financial crisis in 2010 and plotted a course that led to promotion to the Premier League last year. Allam’s son Ehab, City’s vice-chairman, last month said the family had put £74million into the club and had little more to give. Hull City supporters are hoping the club’s controversial bid to rename themselves as Hull Tigers will be consigned to history later on Wednesday. The Football Association is expected to block the rebranding proposal of Hull owner Assem Allam as the matter is discussed at a meeting of its council. The verdict is likely to be a formality with the governing body’s own membership committee having already unanimously recommended the council reject the plans. Press Associationlast_img read more

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Jonny Evans looks for West Brom to build confidence

first_img Evans, a summer arrival from Manchester United, has played his part in that and – with games coming up against the Red Devils as well as Arsenal, West Ham, Tottenham and Liverpool – the Northern Irishman feels West Brom can go into those games with the momentum of two important victories. “It has been great to get, especially the two clean sheets and the two 1-0 wins,” he said. “Sometimes the games aren’t always pretty but we have managed to grind them out and we want to build our confidence on the back of that. “We started slow in the first 15 minutes but created chances and thought we were unlucky not to go in 1-0 up at half-time. They got in behind us and had a few chances but we managed to sort that out between ourselves on the pitch.” Norwich had dominated the opening stages but West Brom’s back line again held firm, meaning Rondon’s header inside the opening minute of the second half proved enough to separate the sides. “The goal settled us,” added Evans. “They put us under pressure for the final 20 minutes or so but we ground out the result and it was another great away victory. They were quite strong and got the ball out wide. They used that threat but I thought our full-backs defended really well in one-on-one situations.” Norwich have lost three league games in succession and face their own tricky run of fixtures between now and Christmas. Jonny Evans believes West Brom can use their narrow back to back Premier League wins as a way to build confidence in the coming weeks. Press Association Manager Alex Neil made the decision to change his defence following the 6-2 defeat at Newcastle as Russell Martin moved to full-back and Ryan Bennett came in to partner Sebastien Bassong in the middle. It was the 25-year-old’s first league start since April and, despite the result, Bennett is keen to remain in Neil’s side in the coming weeks. “Hopefully I can do well and stay in the team,” he said. “When you’re not in the side you’ve got to keep working. That’s what I’ve done and I’m looking to reap the rewards from that now. I’ve been fortunate to come back into the team. “The result hasn’t gone the way I would have liked but we’ve just got to carry on. We know how difficult this league is and we’ve got to stick to our beliefs.” A second half header from club record signing Salomon Rondon was enough to seal a 1-0 win at Norwich, with the Baggies having won by the same scoreline against Sunderland a week earlier. Tony Pulis has seen his side keep six clean sheets in the league this season and, having only managed to score eight goals of their own, the watertight defence is a large part of the reason behind their decent form. last_img read more

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Broncos’ Elway building around his quarterback for a change

first_img___Follow Arnie Melendrez Stapleton on Twitter: http://twitter.com/arniestapleton___More AP NFL: https://apnews.com/NFL and https://twitter.com/AP_NFL,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Share This StoryFacebookTwitteremailPrintLinkedinRedditENGLEWOOD, Colorado (AP) — For the first time in four years, John Elway didn’t spend his offseason analyzing quarterbacks ad nauseam. He’s set at QB at long last with second-year pro Drew Lock, who won four of his five starts last season, his only loss coming in the snow at Kansas City.“It feels a little better … without having to worry about that position,” Elway said as he prepared for the NFL draft, in which half of the Denver Broncos’ 10 picks are in the top 100. April 16, 2020 With in-person visits forbidden, NFL teams are having to rely more heavily on game film of college prospects as they prepare for the draft at a time when the COVID-19 pandemic has halted business as usual across the globe. Fangio said scouts and college personnel appraisers are fond of suggesting that nine-tenths of the evaluation of a player is based on what he did in college, with just 10% coming off the NFL scouting combine, college pro days and personal interviews.“This is the year that it’s really put to the test,” Fangio said. Associated Press “We still have enough needs on both sides of the ball that I think the best player will still be the philosophy used for the most part,” coach Vic Fangio said. Although Elway wouldn’t be averse to grabbing a passer in the latter rounds, the turnstile at quarterback in Denver has finally stopped.“We’re thrilled the way Drew finished, finished 4-1. I think where we sit right now there is no question that Drew is the guy,” Elway said, adding, “We’re always going to try and surround the quarterback with people that he can be successful with and also protect him.”Here are some other things to keep in mind as Elway enters his 10th draft:DEFENSE FIRSTcenter_img Broncos’ Elway building around his quarterback for a change Elway has selected a defensive player with his first draft pick six times in his nine drafts. The outliers: QB Paxton Lynch in 2016, LT Garett Bolles in 2017 and TE Noah Fant last year. Lynch was a bust and Bolles has been flagged 46 times in 48 games, but Fant looks like a gem after a solid rookie season.Elway demurred when asked if he plans to exercise Bolles’ fifth-year option: “Don’t know yet. We’re going to wait until after the draft on Bolles.”PLAYOFF DROUGHTThe Broncos are counting on a third straight solid draft class to help them end a four-year playoff drought, something that became a tad easier when the league voted to add another wild-card team in each conference to the Super Bowl chase. “Yeah, we’re close,” Elway said. ”… the last couple of drafts have been pretty successful and so you know we’ve got to keep building on that. I’m excited about (having) a bunch of picks again this year and so if we do the right things, and if the young guys get better … then we’ll have a chance to get competitive.” FILM STUDY While stressing that Lock has “a long way to go” Elway said he feels he’s finally found a worthy successor to Peyton Manning, who retired four years ago.“Now is the fun part of trying to fill around him,” said Elway, who began that task with the free agent signings of O-lineman Graham Glasgow, running back Melvin Gordon, tight end Nick Vannett and backup QB Jeff Driskel.It continues in the draft. The Broncos own the 15th overall selection in the first round.The Broncos’ biggest needs are fortifying the front line and giving Lock more targets, necessities that intersect with two of the draft’s deepest positions.A wide receiver class like none other could land Alabama’s Henry Ruggs III or Jerry Jeudy in Denver, or Elway might take a tackle if the likes of Georgia’s Andrew Thomas is there at 15.last_img read more

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Jones, Carter help give Pride draw in run-fest against Red Force

first_imgRED FORCE 1st Innings 300Pride 1st Innings 310 for nine declaredRed Force 2nd Innings(overnight 31 without loss)+A Jangoo c wkpr Rampersaud b Williams 63J Solozano c wkpr Rampersaud b Stoute 34I Rajah b Nurse 25E Nicholson c (sub) Walsh b Warrican 55T Webster c Warrican b Nurse 0*D Ramdin not out 56R Primus not out 13Extras (b4, lb6, nb1) 11TOTAL (5 wkts decl’d, 74 overs) 257Fall of wickets: 1-99, 2-99, 3-156, 4-156, 5-206Bowling: Greaves 10-1-38-0; Clarke 7-2-20-0; Stoute 13-2-49-1 (nb1); Nurse 14-0-55-2; Williams 13-3-26-1; Warrican 17-2-59-1PRIDE 2nd Innings (target: 247)A Alleyne c wkpr Jangoo b Primus 3S Moseley c Richards b Primus 3M Rampersaud lbw b Richards 0A Jones not out 52J Carter b Charles 46*K Stoute not out 9Extras (lb1, nb3) 4TOTAL (4 wkts, 28 overs) 117Fall of wickets: 1-6, 2-6, 3-15, 4-102Bowling: Richards 5-2-16-1; Primus 1-0-9-2 (nb1); Webster 3-0-17-0 (nb2); St. Clair 2-0-6-0; Khan 9-1-35-0; Charles 8-0-33-1Result: Match drawnPoints: Pride 10.4, Red Force 10.2 IN a Windies Professional Cricket League game where 987 runs were scored, it took a half-century from Barbados Pride’s Aaron Jones, to ensure his side earned a draw against the Trinidad and Tobago Red Force at the Kensington Oval on Sunday.Sent into bat, the Red Force posted a testing 300, but watched as the Pride rebounded to overhaul the total, scoring 310-9 in their first innings.Batting a second time, the Red Force, who were given a chance to put pressure on the Pride by a sporting declaration, were bolstered by half-centuries from Amir Jangoo, 63, Ewart Nicholson, 55, and Denesh Ramdin, 56 not out, to score 257-5, a lead of 247.Ramdin added his unbeaten half century to his 101 in the first innings to make for a good outing with the bat.Bearing in mind the time left in the game, the total was formidable but the Pride would try to push for a win, but settle for a draw if things got dicey, and they did.The openers tried to push the pace early, with Anthony Alleyne, who had scored 84 in the first innings, but the plan failed miserably, after Alleyne went for just three, the same as his opening partner, Shayne Moseley. When Mario Rampersaud made a duck at number three, the Pride changed modes, and went for the more likely draw.Jones still scored at a good clip though, getting to 52 from just 82 deliveries, while his partner Jonathan Carter, who had scored 85 in the first innings, offered good support with 46.Carter got out not long before the close of play and Kevin Stoute ensured there were no further problems, scoring an unbeaten nine to bring the game to its most likely conclusion.last_img read more

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Neymar Stripped of Brazil Captaincy, Replaced by Alves

first_imgNeymar has been stripped of the Brazil captaincy for next month’s Copa America and will be replaced by his Paris St-Germain team-mate Dani Alves.The 27-year-old forward, given the role eight months ago but under pressure after recent disciplinary issues, was informed of his removal by manager Tite on Saturday.Alves, 36, will also lead the side in friendlies against Qatar and Honduras. Neymar He has captained Brazil four times, most recently in a 1-0 win over Germany in March 2018.This month, French football authorities banned Neymar for three matches after he hit a fan following PSG’s defeat by Rennes in the Coupe de France final.He was also reportedly involved in a dressing room incident with his PSG team-mates.The Copa America takes place in Brazil from 14 June to 7 July, with the hosts taking on Bolivia, Venezuela and Peru in Group A.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Super Falcons Set to Tackle Norway in Female W’Cup

first_imgThe Super Falcons of Nigeria will begin their quest to surpass their best performance in the FIFA Women’s World Cup-a quarter final berth at the 1999 edition as they take on Norway in the second match of Group B. The Falcons say they are in the mood and spirit to take all three points off the Grasshoppers of Norway in Reims todayOne of only seven teams to have made it to every edition of the FIFA Women’s World Cup finals since the inaugural competition in 1991, the Falcons have made it out of the group stage only once previously, and that was 10 years ago.A 2-1 defeat of North Korea and 2-0 win over Denmark, on either side of a 7-1 roasting by Team USA, steered the African champions to the quarter finals, where they came back from three goals down to draw with Brazil before losing by the golden goal in extra time. Nigeria’s closest walk to the knockout rounds since then was Germany 2011, where they lost by the odd goal to both France and Germany and then defeated Canada by the odd goal.Midfielder Ngozi Okobi told thenff.com: “It is true that we have not really pulled our weight at the FIFA World Cup before now. But I can say we have the team to do that here in France. The NFF has done well by ensuring good preparation for the team, with the tournaments that we played.“A lot is hanging on the first match against Norway. If we are able to get a good result, then we will take it from there.”Norway comes into the encounter with the mindset that they should be able to steamroll the African champions. Only last week, the Grasshoppers hammered another African representative, South Africa 7-2 in a friendly. And going back 24 years, at the second edition of the FIFA World Cup staged by Sweden, Norway lashed Nigeria 8-0 in a group stage encounter in Helsinborg.Head Coach Thomas Dennerby is asking his girls to take it one match at a time and develop a positive mindset about the finals.“A positive mindset is key to what we are here for. You must believe in yourselves and have confidence in what you can do here. You must give it your best,” he told the players after Thursday’s training session at the Stade Jean Boucton in Reims.A good number of the Nigerian mainstream play their club football in the Scandinavia region, to which Norway belongs. These include defender Osinachi Ohale, Ngozi Ebere and Faith Michael, midfielders Rita Chikwelu, Ngozi Okobi, Ogonna Chukwudi and Halimatu Ayinde, and forwards Anam Imo and Rasheedat Ajibade. These players should, indeed, have a very good idea of how Norway will set up and activate at the Stade Auguste-Delaune on Saturday night.Pacy forward Asisat Oshoala, who has sealed a permanent move to FC Barcelona Ladies, was on Wednesday appointed team assistant captain. The top scorer and most valuable player of the FIFA U20 Women’s World Cup in Canada in 2014 has extra motivation to take the finals in France by storm.Apart from sponsoring the team to preparatory tournaments in China, Cyprus, and Spain, capped with a two –week residential camping at the Avita Resort in Austria, the Nigeria Football Federation beefed up the team’s technical crew, with the appointment of Per Harlsson as conditioning coach and Matti Demegard as video analyst.In China, the African champions played two matches, losing to the host nation but defeating Romania. In Cyprus, they lost to Belgium and Austria but defeated Thailand and Slovakia. In Spain, they narrowly lost to the Canadian national team.While in Austria, they defeated Hungarian top division club Viktoria and also defeated a Slovenian top club, Pormuje.Today’s encounter between Nigeria and Norway starts at 8pm.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Super Falcons last_img read more

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