first_imgHe said Aon’s own Dutch pension fund would not be relocated to the international multi scheme either, despite the company’s long-standing plan to relocate it.According to Driessen, an important reason for pension funds’ reluctance to move to the cross-border fund was the required approval of at least two-thirds of a pension fund’s participants, a rule introduced at the start of this year.“The fact that this voting is the final step in the entire process had made things very complicated,” he added.“Not in line with IORP II”CBBA said the majority requirement for the approval of cross-border transfers was “not in line with the spirit of IORP II”.The industry organisation added that the same applied to the Dutch requirement of cross-border schemes to report on their funding position in both the Netherlands and where schemes are based.CBBA argued that Aon’s United Pensions was “the first real victim” of the new Dutch legal framework.It said that it expected the European Union authorities to take the necessary measures to have the Dutch legislation modified in order to prevent other member states from emulating the Netherlands.Aon’s Driessen said that a mistrust of cross-border pension arrangements, as well as uncertainty about the continuous changing rules of the Dutch pensions system, had added to the complexity of making a decision for the long term owith regard to Aon’s own Dutch pension fund. “I don’t want to run the risk that after a couple of years we find that we have taken the wrong decision”Frank Driessen at AonMarc van Nuland, director of Aon Netherlands, said taking the decision to move the Aon pension fund to Belgium would “not be responsible” at the moment, as a comparison would be impossible due to the continuing changing epnsions environment in the Netherlands.He added that the recent decision by social affairs’ minister Wouter Koolmees to postpone rights cuts had tipped the balance.“I don’t want to run the risk that after a couple of years we find that we have taken the wrong decision,” he argued.Van Nuland added that the ballot among the participants of Aon’s Dutch pension fund – scheduled for early 2020 – was off now.Driessen said nothing would change for United Pensions’s existing clients, which include Dutch affiliates of pharmaceutical AbbVie and chemical multinational Dow.He said that, with €300m of assets and 5,000 participants, the Belgian vehicle was viable, and that Aon would keep on supporting it.“The current issue is a local problem, whereas United Pensions is meant for the entire EU. We will continue our acquisition in, among others, Germany, Italy, Belgium and Ireland, while Dutch clients remain welcome.”René Mandos, chair of Aon’s Dutch pension fund – which closed to new entrants in 2014 – said the board regretted the employer’s decision to relocate pensions, “as we saw it as a good option”.He added that, following additional adjustments, the scheme’s accountability body (VO) also supported the plan.The cross-border move had been planned since 2013, and was based on expected earlier inflation compensation and lower contributions as well as on the employer’s guarantee that it would fill in funding gaps.ControversyRelocation to Belgium has always been controversial, both at Aon as in general in the Netherlands.Protests within Aon – largely fed by fear that pensions supervision in Belgium would be less strict and the discount rate for liabilities would be too high – had delayed the project several times.“The fact that the Netherlands has now granted a delay for rights cuts, has put the perception that supervision in the Netherlands is strict, in contrast with Belgium, in a new light,” said Driessen.“At United Pensions there are also pension fund compartments with a funding shortfall, with their sponsors having to fill in the gap or apply rights cuts. They can’t postpone measures.”The chair for Aon’s scheme said it would continue seeking an alternative for pensions provision, as continuing independently was no longer possible.In his opinion, joining the Dutch consolidation vehicle (APF) would be an option.The Pensioenfonds Aon Groep Nederland has €845m of assets and more than 3,000 participants. At October-end, its funding stood at 118%. Lobbying organisation Cross-border Benefits Alliance-Europe (CBBA) has rebuked the Dutch government for discouraging cross-border movements in its implementation of European pensions directive IORP II.It has even suggested that the way the European legislation had been implemented was meant to block cross-border activities from another EU member state in the Netherlands.Its criticism came in the wake of consultanty Aon Netherlands announcing that it would cease recommending its Belgium-based cross-border vehicle United Pensions to potential Dutch clients.Frank Driessen, Aon’s head of pensions, explained that the consultancy had struggled to convince Dutch pension funds of its added value.last_img read more

first_img Loading… Manchester City’s Champions League last 16, second leg with Real Madrid and Lyon’s trip to Juventus became the latest high-profile football matches to be postponed due to the coronavirus outbreak, UEFA confirmed on Thursday. Juventus defender Daniele Rugani has tested positive for the virus, forcing players and staff of the Italian champions into quarantine. Madrid players have also been put into isolation after one of the club’s basketball players tested positive for COVID-19. Both matches were due to take place on Tuesday, March 17. As it stands, Wednesday’s two last 16, second legs between Bayern Munich and Chelsea and Barcelona and Napoli are still set to go ahead behind closed doors. However, UEFA is to have a crisis meeting on Tuesday with representatives from all 55 national associations and club and player bodies to decide how national leagues, European competitions and Euro 2020 should proceed. “The decision to postpone Tuesday’s game was made in conjunction with UEFA and follows confirmation that players from Real Madrid will self-isolate for fifteen days,” City said in a statement. Promoted Content10 Of The Dirtiest Seas In The WorldWhat Are The Most Delicious Foods Out There?Top 10 Most Famous Female Racers Of All TimeDisney’s Live-Action Simba Was Based On The Cutest Lion Cub EverBest & Worst Celebrity Endorsed Games Ever MadeCouples Who Celebrated Their Union In A Unique, Unforgettable WayPlaying Games For Hours Can Do This To Your Body5 Of The World’s Most Unique Theme ParksSome Impressive And Almost Shocking Robots That Exist5 Reasons To Wait For The Solo Black Widow MovieHere Are The Top 10 Tiniest Mobile Phones On The Planet!What Is A Black Hole And Is It Dangerous For Us All? Read Also: Real Madrid stars in quarantine over coronavirus outbreak Matches have been suspended for two weeks in Spain, while France’s Ligue 1 will continue its season but without spectators. No such restrictions have been put upon Premier League games with a full round of games set to take place this weekend. City’s home match with Arsenal that was due to take place on Wednesday is the only Premier League game to be abandoned so far after Arsenal players came into contact with Olympiakos owner Vangelis Marinakis, who tested positive for the virus, after a Europa League match two weeks ago. FacebookTwitterWhatsAppEmail分享 “The Club sends its best wishes to the players and staff at Real Madrid’s football and basketball teams.” Serie A in Italy, the European country worst hit by the virus, has already suspended its matches until April 3. The second leg of Real Madrid’s Champions League last 16 tie at Manchester City has been postponed after Madrid players were put into quarantinelast_img read more

first_imgA copy of the Constitution hangs on the restroom door. The objects that adorn the walls run the gamut of time and place: a public health advisory sign from the city of New York parks and recreation department that warns pregnant women not to “eat fish or eels caught in these waters,” a boxed “crazy cat lady” action figure, a sombrero, a sign for Bianchi bicycles. Try to find a thread that runs through this decor, a unifying theme or a cumulative message, and you might just drive yourself crazy.Instead, appreciate the amalgamation for what it is: a fusion of crafted works of art and simple snapshots of reality. It is, at once, a space that displays creative outputs and reminds us of less-inspiring realities: a painting of a woman with blue hair on one side of the room and a copy of “Civil War Naval Chronology” on a bookshelf on the other. It is wonderfully alternative without trying so hard to be. It is as transcendent as it is grounded. By Jenna Moldaver |HIGHLANDS – “Water Witch is like this vortex,” said Valerie Browning, owner of Water Witch Coffee. “All these creative people just come toward it.”When waiting for your order at Water Witch Coffee, you won’t be at a loss for entertainment. Your eyes may drift across art-lined walls, fixating on vibrant pieces from artists across the country, or you might take a seat in a spindle-back chair and absorb the eclectic decor that encompasses you in your little corner of this inventive space on Waterwitch Avenue. Either way, there’s a lot to see, hear and experience. Browning, who has run the shop for four years, has grown Water Witch into a cultural hub. There are blues jams every third Sunday of the month, traditional Irish music jams every second and, most popularly, open mic night every Wednesdays. The music scene has given birth to groups like the Water Witch Jazz Band, which has used the space both to practice and perform.“It’s a welcoming atmosphere for people to come into as musicians and the place really fosters the growth of all the arts,” said Browning. “There’s this one woman who comes in who says, ‘Val, this place saves lives,’ ” Browning said. “Because without it they wouldn’t really have anywhere to go. There’s a Water Witch family. You can walk into the shop and find someone if you need help. Someone will know something about almost any topic.”When she’s having a bad day, Browning says the cure is simply going in to work, where customers fill the place with color. Customers have named menu items, jammed out on weeknights and grown to know the staff. They are more than patrons; they are participants. “We have a lot of regular customers who I see every day who have been coming here for 12 years,” says Browning. “Some are detectives, some have had computer engineering jobs and they show up at 6:30 every morning. If one doesn’t show up they end up calling the other ones.”Browning says she couldn’t begin to describe all the different people who come into the shop. “Highlands has a sort of quirkiness to it and it’s filling up with all sorts of people,” she said.One thing they all have in common, though, is they all care deeply about the shop and together they form what Browning calls the “Water Witch family.”center_img This article was first published in the June 14-June 21, 2018 print edition of The Two River Times. Water Witch has artists lined up well into next year to do art shows in the shop. Every two months a new artist takes over the walls of Water Witch, giving customers an ever-changing backdrop. Some artists have created entire shows just for the purpose of having their work displayed at the shop.“Every two months the customers have a whole new genre or idea of art,” says Browning.But not everyone who steps foot in the shop is buzzing with artistic talent. While a welcoming space for creative types, Water Witch is home base for a wide variety of locals. Water Witch Coffee is more than just savory paninis and espresso drinks; it’s a breath of pure authenticity in the Highlands community. It’s both a venue where musicians can perform during Wednesday open mic nights and a workspace for anyone with a laptop and a latte craving. You can use it for its authentic promotion of the arts or for its Wi-Fi and crepe offerings. The space is yours to experience.And experiencing it is exactly what people have done.last_img read more

first_imgTo Our Readers:Mother’s Day is always a terrific day to well, just spend time with my sons. Just hang out together – in the backyard with the dogs, at Monmouth Park, on a golf course. Unfortunately for a long time my oldest, Bart, has been living in the south of France. He lives a very civilized life and I’m thrilled he has a red tile-roofed apartment in an ancient Roman walking city nestled just minutes from the Mediterranean. The largest Place de la Comedie and the oldest carousel in all of Europe doesn’t hurt much either. But, I miss him. He’s happy and has a loving partner so ultimately, that’s what a mother wants for her children. It’s all good. And I’ll get to see him this fall when he comes home for my younger son Shane’s wedding in October. If you look on our Celebrations page this week, you will see Shane’s photo with the love of his life, Kate Judd, who he met while they were both in law school. My son is more than smitten and that goofy grin that’s on his face more than not is the first clue. Kate hails from Westfield, is a killer cook, and Shane from Tinton Falls. Beyond law they share the love of the Giants, dogs, kids, the beach, a sense of humor and a crazy show “How I Met Your Mother” which has something to do with the Yellow umbrella he proposed under. She’s a lovely gal from a really warm, intelligent and wicked funny family. So, I am so very happy for them both and think they are lucky to have found each other. I so look forward to dancing with my son at his wedding. When I ran into some health glitches a few years back, that was the Big Ask of God and thankfully, it came true.Every day I think of funny, tragic and scary days in my sons’ lives, but Mother’s Day probably more than most. Disney World a zillion times, sleeping under the Christmas tree, feeding fish to Pelicans, boating, the first day we put in the pool, the pony for a 4th birthday present, traveling up and down the east and west coast, New Hampshire and Maine, teaching them how to play golf, the first Communion and Confirmation, all my extended sons, getting to the soccer field just in time after a 36- hour trip from Kuala Lumpur, the PTA, being a drama mama, a soccer mom and a varsity football booster who handed out Gatorade after each game, the egg hunts, dragging the younger one from Borneo, to the Galapagos Islands to Western Samoa and lots in between, the many occasions spent at Monmouth Park, the family holidays, the tears after dropping them each off at college and the joy of button-popping graduations. Then there were all those terrifying trips to the ER, the crushed leg on the ski slopes and sleeping in a chair for weeks, explaining why someone they loved would no longer be a part of their daily life but alive in their hearts.I wasn’t the cookie-baking mom with an apron. Far from it. But I was at every game, play and important event in their lives. And I have always told them that as a journalist, I wouldn’t leave them millions but I did change the world for the better. That’s the legacy I leave my sons. And I hope they too leave the world a better place than they found it.But just who would have I have tried to make the world a better place for if not my sons? I’m so proud of them and thank them for the joy and meaning they give my life. They made my life whole and will always make my heart pop!Let’s Have Coffee!Jody [email protected]last_img read more

first_imgThe authors of the paper in the previous entry (09/06/2006) found that bacteria swim with near perfect propulsive efficiency.  They only mentioned evolution one time, but it’s short and to the pointless.  It wins Stupid Evolution Quote of the Week: “Such measurements can shed light on how this remarkable ability to swim evolves among different microorganisms.”Still waiting in the dark for payment on this promissory note (03/27/2003 commentary).(Visited 9 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

first_imgStudents applying through sports quota in Delhi University can now rejoice as more weightage will be provided for sports trial now.A press release was recently released on Delhi University’s official website, containing information regarding the admission process for PhD, MPhil, postgraduate and undergraduate programmes for the academic session 2017-2018. The admission process will be commencing from May 22.Sports quota weightage increased by 60 per cent As per an HT report, earlier, the university used to give 50 per cent to sports trial and 50 per cent to sports certificates but now, the admission committee is planning to give 60 per cent to sports trial and 40 per cent to marks.Each college can have not more than 5 per cent of the total intake in each course under the sports and Extra Curricular Activities (ECA) quotas. Applicants are given marks based on their sports trial and sports certificates.(Read: DU admissions 2017: Important dates announced, registration to commence from May 22) No more common physical fitness test ? Another proposal put forward by the admission committee demands doing away with common physical fitness test and instead conducting sport-specific physical fitness test.”We used to have a common physical fitness test for all students despite them applying for different sports. Every sport requires different kind of physical strength. So this time, we are planning to conduct sport-specific fitness test,” said a member of the admission committee.The suggestions will now have to be approved by a standing committee on admission before being implemented, officials said. Officials said there will be one sports admission committee to overlook the trials in each sport.advertisementRead: Gujarat RTE, EWS Admissions 2017: Wait continues for 18,000 candidates For information on more latest news and updates, click here.last_img read more

first_imgTagsAustralia/Asia NewsAbout the authorIan FerrisShare the loveHave your say ABC deal for A-League and W-League club competitionsby Ian Ferris21 days agoSend to a friendShare the loveAustralian public-service broadcaster ABC has struck a two-year deal with Football Federation Australia (FFA) to provide free-to-air coverage of the A-League and W-League club competitions, as well as matches involving the men’s and women’s national teams, reports SportBusiness.It will mark the first time that ABC has broadcast the A-League, the top tier of the men’s club game in Australia. The deal also marks a return of ABC’s W-League coverage, with the broadcaster having served as the inaugural partner of the women’s competition from 2008 to 2017.Under the agreement announced by FFA and its pay-television rights holder Fox Sports, ABC will broadcast 29 live regular-season matches at 5pm on Saturdays during the 2019-20 campaign, with coverage to be shown on television and via the iview on-demand service.For the A-League 2020 Finals Series, ABC will provide delayed broadcasts of one elimination final, one semi-final and the grand final. It will also show 14 rounds of the 2019-20 W-League season and the entire W-League Finals Series live.Additionally, ABC will broadcast every men’s national team match which Fox Sports has rights to. The broadcaster will also show the women’s national team’s upcoming matches against Chile on November 9 and November 12, as well as next year’s Asian qualifiers for the women’s Olympic tournament.Fox Sports will continue to provide live coverage of all A-League, W-League and national team matches via Foxtel and Kayo Sports. last_img read more

first_imgThe Canadian Press VANCOUVER — Four oil and gas companies are expected to answer questions today about how they use the Trans Mountain pipeline, how refinery closures affect their prices and other factors that could contribute to British Columbia’s volatile prices at the pump.A three-member panel, chaired by B.C. Utilities Commission CEO David Morton, will listen to up to four days of oral hearings in Vancouver as part of a public inquiry into the high price of gasoline and diesel in the province.Parkland Fuels, Shell, Imperial Oil and Suncor are scheduled to give opening remarks and answer questions from the panel this afternoon. In the morning, those firms and other interveners will have an opportunity to question Deetken Group, a consulting firm that prepared a report for the inquiry identifying possible reasons for the fuel price spikes.Deetken found land values and credit card fees have likely contributed to higher retail margins, while transportation and regulatory costs could be part of the reason wholesale gasoline margins are higher in British Columbia but they don’t tell the whole story.Premier John Horgan called the public inquiry in May as gasoline prices at the pump reached a record-breaking $1.70 per litre.At the time, the B.C. Liberals and Alberta government bought advertising blaming Horgan and linking his government’s resistance to the Trans Mountain pipeline expansion for the surging costs.The National Energy Board will also appear before the panel.The inquiry will conclude with a final report by the panel due Aug. 30.last_img read more

first_imgPaul Pogba is already dreaming big and hopes to add his own star to the France shirt by winning Sunday’s World Cup final against CroatiaLes Bleus are hoping to end a wait of two decades in Sunday’s final by claiming only their second world title against Croatia.History favours the French, who defeated Croatia in the semi-finals of the 1998 tournament on route to winning the World Cup, but Pogba is aware that both himself and his teammates will have it all to do at Moscow against a side that have performed above all expectations at Russia this summer and have proven themselves to be worthy contenders for the World Cup“Croatia do not have stars – they want one. They have done very well and they want the victory, like us,” said Pogba, according to Sky Sports.“But I do not have a star. It’s on the shirt, but I did not win it. We want to go looking for it like all players. It will be a World Cup final, a great match, difficult.”Croatia have played into extra-time in their last three games now and fatigue has been a concern.“We are not thinking about it,” said Pogba.ole gunnar solskjaer, manchester unitedReport: Up to seven first team players out for United George Patchias – September 13, 2019 Manchester United have some serious injury problems with up to seven first-team players out.This Saturday, United have a Premier League clash with Leicester City….“Croatia played a very tough match against England. They did not give up. They were losing 1-0 and came back.“There are two teams and one cup. They have played 90 minutes more than us – I don’t know if it’s a disadvantage for them or if they’re going to want to show that they want to win even more.“For me, we are not favourites. We did not forget the doubts about us at the beginning of the competition, about our ability to play together.“We haven’t done anything yet.”While Croatia do have Luka Modric in their ranks, Pogba knows better than to just concentrate on him.“It’s not only Modric – there is also (Ivan) Rakitic, (Ivan) Perisic and even the defenders,” he said.“I don’t think there will be a plan for Modric. There will be one for everyone.”last_img read more