Tally of active members in Dutch low-cost DC vehicles nears 400,000

first_imgNearly 400,000 employees in the Netherlands had accrued a pension through one of the country’s specialist low-cost defined contribution (DC) vehicles by the end of Q2 this year, which is 21% more than a year before.The capital invested through the vehicles, known as PPIs, grew by 35% in the same period to €7.5bn.The figures can be deduced from data released by pensions regulator DNB, which has been publishing data on PPI members since the second quarter of 2017.As at the end of June this year, there were 391,000 PPI members, as opposed to 324,000 the year before. The number of deferred members grew by 43% in the same period, from 181,000 to 259,000 members. By comparison, pension funds in the Netherlands have more than 5 million active members and 9.5 million deferred members in total. These numbers are from the end of 2016, with the 2017 data expected to be published by DNB later this month. The number of members of a pension fund shows a downward trend, in contrast to the number of members in a PPI.Capital invested through PPIs is also growing, even though this is now levelling off: from 173% in 2014 and 156% in 2015 to 35% in 2018, via 118% in 2016 and 52% in 2017. These figures relate to the capital invested at members’ risk in Q2, compared with the year before.PPI growth slower than APFsIn research published earlier this week Dutch banking group Rabobank noted that PPIs were growing more slowly than the newer general pension fund vehicle, known as an APF.According to the bank this reflected the fact that PPIs almost exclusively derive their growth from new contracts. The premium for DC contracts is generally lower than for defined benefit contracts.Rabobank said it expected that three or four of the current seven low-cost DC vehicles would eventually disappear.One reason was a constant pressure to keep costs low, according to author’s findings. The bank expected that smaller providers would ultimately lose this battle and stop their activities.Another reason for the decrease in the number of PPIs, according to the research, was the consolidation among insurers, such as via the merger of NN and Delta Lloyd. The PPIs of both insurers have (legally) fused, while the bank presumed a possible takeover of Vivat could lead to further consolidation.The research cited competition with pension funds as a third explanation, as they increasingly also entered the DC market.The predictions by Rabobank are much more optimistic – and according to the PPIs much more realistic – than those of research agency GfK, which predicted a few months ago that PPIs would have disappeared entirely by 2025.last_img read more

a month agoMan Utd boss Solskjaer assures matchwinner Rashford: Zico, Maradona also missed

first_imgMan Utd boss Solskjaer assures matchwinner Rashford: Zico, Maradona also missedby Paul Vegasa month agoSend to a friendShare the loveManchester United boss Ole Gunnar Solskjaer was happy for matchwinner Marcus Rashford after victory over Leicester City.The England international was under pressure taking the early spotkick.But having missed his previous penalty against Crystal Palace, Rashford converted for the only goal of the game. It was a relief for Rashford and his teammates, with United having missed two of their previous four penalties won this season.However, despite the outside pressure, Solskjaer insists there was never any extra demands coming from him for United’s No10.After the victory, Solskjaer told VG: “Every striker has been penalised. I’ve seen Diego Maradona and Lionel Messi miss. Michel Platini and Zico, my favourite player of all time, missed in the same match.”You just have to have enough confidence to take it again next time. What is the worst that can happen?”Victory over Leicester has United now sitting in fourth place on eight points after five games. It marked United’s first win since the opening day thumping of Chelsea.Solskjaer was also asked by reporters from the Norwegian outlet about Rashford’s performance. The United manager admitted he was delighted with the player’s commitment against a very competitive Leicester City.On Rashford’s form, Solskjaer continued: “He offers something to the team. He knows we didn’t give him enough opportunities to run through their back line. He’s getting more mature. He knows it’s not just about goals.”Today it was all about teaming up, we had to defend, and it was good to see that we were able to defend ourselves from deep without conceding any chances.”- updated September 16 About the authorPaul VegasShare the loveHave your saylast_img read more

Collective effort behind CSKs triumph in 2018 IPL

first_imgChennai: Chennai Super Kings batsman Sam Billings on Tuesday said collective effort was behind the team’s triumph in the 2018 edition of IPL as different players stepped up at various occasions. “What stood out for me was that ours was a collective effort,” the England cricketer, who made his debut for CSK last season, was quoted as saying on chennaisuperkings.com. “Of course, there were a couple of standout performances like (Ambati) Rayudu’s consistency and (Shane) Watson’s brilliance. Although, actually, if you look at the different games that we won, it was different players at different times stepping up,” Billings said. Also Read – Puducherry on top after 8-wkt win over ChandigarhHe said it was phenomenal team effort last year and hoped for more of the same this year. “It was phenomenal how much of a team effort it was. Hopefully, more of the same this year,” he added. Billings is training with the rest of the squad at the M A Chidambaram stadium here ahead of the IPL-12 opener between CSK and Royal Challengers Bangalore on March 23. The dashing England batsman said continuity helped, adding one grows in confidence knowing that people back you, referring to the CSK’s decision to retain 23 members from the pervious season. Also Read – Vijender’s next fight on Nov 22, opponent to be announced later”Continuity helps immensely, certainly as individual players, but also as a group, you grow in confidence knowing that people ultimately back you. It allows you to play with freedom and enjoy it,” he added. Billings also spoke about captain Mahendra Singh Dhoni’s calming influence on the team and said his clarity of thought the whole time is astonishing. “His clarity of thought the whole time is astonishing, knowing what you need to do at that very moment and not get ahead of yourself. It feeds off to other players,” he said. Meanwhile, CSK players sweated it out at training on Tuesday. Dhoni batted at the nets and went for big shots while coach Stephen Fleming kept a watch on proceedings. Australia all-rounder Shane Watson, who shone in the recently concluded Pakistan Super League (PSL) and West Indies veteran Dwayne Bravo, who linked up with the squad on Monday, took part in the training session.last_img read more

King Mohammed VI receives Indian FM in Marrakech

first_imgMarrakech- King Mohammed VI received, on Saturday at the Marrakech royal palace, Indian foreign minister Salman Khurshid who is on an official visit to Morocco. On this occasion, the King commended the fact that India and Morocco are coming closer over the past years as shows this first visit by an Indian foreign minister to Morocco, said a statement by the royal office. The sovereign expressed Morocco’s resolve to foster friendship and cooperation ties with India, it said. Khurshid hailed the positive evolution of bilateral ties economically and regarding investment thanks to the bold and successful reforms by the Kingdom under the leadership of HM the King.  The Indian official highlighted the promising prospects for reinforcing ties mainly in the field of political consultations, multilateral coordination and human development, it said. Several international and regional issues of shared interest were discussed during this meeting as the reform of the UN system and the situation in the Maghreb, the Middle-East and sub-Saharan Africa, the source said. The royal audience was attended mainly by foreign minister Salaheddine Mezouar, and India’s ambassador in Rabat Krishan Kumar.last_img read more

Ohio State basketball throttles Nebraska

Following a road loss to Indiana on Friday, the Ohio State men’s basketball team needed a win against Nebraska to avoid losing consecutive games for the first time since the 2009-10 season. They did just that, dominating the Cornhuskers, 71-40, at the Schottenstein Center in the teams’ first matchup as Big Ten conference foes. OSU’s defense made an impact from the opening tip. Nebraska hauled in the first possession, but tight Buckeye defense forced a shot clock violation. It was a sign of things to come. Through the game’s first eight minutes, OSU forced seven turnovers and the Buckeyes jumped out to a 17-4 lead. A layup from Nebraska’s Corey Hilliard got the Cornhuskers within 10, but on the ensuing possession, OSU sophomore forward Deshaun Thomas out-jumped Nebraska’s defenders to grab the offensive rebound and finished at the rim despite being fouled. Two OSU possessions later, sophomore forward Jared Sullinger spun away from the Nebraska defense near the right baseline, absorbed a foul, and kissed the ball off the backboard before it landed through the net. He sunk the free throw and gave OSU a 31-15 lead. Nebraska never showed signs of threatening again. OSU’s quick lead allowed Buckeye coach Thad Matta to look to the bench early. Eleven players saw playing time in the first half and eight Buckeyes scored. Sullinger led the way, scoring 12 points including a fall-away 3-pointer before time expired to give the Buckeyes a 44-20 lead at intermission. But Sullinger’s 3-pointer doesn’t tell the story for the Buckeyes offensively. OSU pounded the ball inside all night, finishing the game with 42 points in the paint, in large part due to Sullinger and Thomas finishing an easy opportunities. Sullinger finished with 19 points and 12 rebounds while Thomas added 15 points and 4 rebounds. Senior guard William Buford also finished in double figures with 13 points. Overall, OSU shot 54 percent from the floor while holding Nebraska to 31 percent shooting. The win gives the Buckeyes a 14-2 overall record and a 2-1 record in conference play. Nebraska’s record drops to 8-6 on the year and 0-3 in the conference. OSU next takes the floor Saturday, Jan. 7, in a road game against the Iowa Hawkeyes. Opening tip is set for 3 p.m.. read more

Ohio State backs running down the dream of a starting job

After one season as the Ohio State’s football team’s wide receiver coach, Stan Drayton is the Buckeyes’ running backs coach, returning to the position he once played as a three-time Division III All-American at Allegheny College.In his first season under coach Urban Meyer, Drayton faces the task of replacing the team’s top running back from last season, Daniel “Boom” Herron, who ran for 672 yards in just eight games.Drayton won’t have Herron to work with, but the team returns three running backs who combined for 1,090 rushing yards last season.Carlos Hyde, a rising junior, ran for 566 yards this past season. Rising senior Jordan Hall ran for 408 yards as a junior. Additionally, rising redshirt sophomore Rod Smith ran for 116 yards in his first season.OSU’s stable of running backs also includes freshman Bri’onte Dunn, who enrolled at OSU in January and is participating in spring practices.Drayton said all four of the players are competing for playing time.“It’s open competition right now,” Drayton said. “We’re just trying to see who’s going to separate themselves. Nowadays, you got to prepare at least three or four (running backs) to make it through an entire season anyway, so all of these guys are preparing to get game-ready. As far as me setting the depth chart right now, I like to leave it open so these guys can continue to compete throughout the spring.”Hall, who led the Buckeyes with 1,275 all-purpose yards last season, is expected by some to be the leader of the OSU running game.Drayton said the coaching staff will use Hall in a variety of ways this season.“We’re going to play into Jordan Hall’s strengths,” Drayton said. “He’s a guy who can be a versatile player for us.”Drayton said he expects Hall to contribute as a receiver this season, but added that he thinks all the running backs should do so.“He’s very, very capable,” Drayton said of Hall’s receiving abilities. “We may put a little bit more on Jordan’s plate, but all of my backs are going to have to get out there, get lined up at wide receiver, recognize coverages and play out there.”Hall said he is uncertain how he will be used in the offense this year, but said he is looking forward to playing in the offense implemented by this year’s new coaching staff.“I don’t know really what my role is yet, but I just know that the offense is more zone reads, bubble screens, screens … just getting in open space,” Hall said. “I like being in space, and this is the perfect offense.”Drayton said he has been very impressed with Hall’s maturity this spring.“I’ve seen an unbelievable change,” Drayton said. “The leadership and the toughness, both in the weight room and on the field, that was already there, but he’s taken it to another level.”Drayton said he also has big expectations for Hyde this season.“Carlos’s progression is going to be very significant to our run game,” Drayton said. “We need Carlos to take his game to another level so he can contribute to this football team. He’s too talented not to.”Hyde was not made available for comment.Drayton said he expects Smith to have a bigger role this fall.“I’m very confident that (Smith) is going to make an impact for this football team,” Drayton said.Drayton also said he has high expectations for Dunn.“I think his future is going to be really, really bright around here,” Drayton said.Hall was asked whether he thought opposing defenses would be able to stop the OSU offense this fall.“Not if we execute,” Hall replied.OSU will kickoff the 2012 Spring Game Saturday at 1:30 p.m. at Ohio Stadium. read more

UPDATED KPD Investigating Homicide Off California Avenue That Left Two Dead

first_imgAnyone with information about this incident, we request that you call the Kenai Police Department at 283-7879 According to a press release from KPD, officers responded to the report of a shooting in the early morning hours on Sunday. Preliminary investigation revealed a suspect that reportedly fled the scene, described as a heavy set black male wearing a gray hoodie and orange cap. The identities of the deceased are:  Lisa M Rutzebeck, age 39, of Kenai and Rachelle M Armstrong, age 60, of Kenai.   Facebook0TwitterEmailPrintFriendly分享Last updated on July 22nd, 2019 at 11:29 amUPDATE – 11AM – Monday At this time the investigation into the homicides on California Avenue are ongoing.  The deceased have been transferred to the State Medical Examiner’s Office for autopsy.   The suspect should be considered armed and dangerous. Police are looking for any witnesses with information,including surveillance video, to help determine what happened and to identify the suspect. The victims are related.  Victim names will be released after next of kin are notified. Original Post: The Kenai Police are investigating a shooting that left two women dead Sunday morning at a residence on California Avenue, in Kenai. The names of the deceased have not been release pending notification to next of kin. UPDATE – 5:30 PM- Sunday In an updated release from KPD, at this time in the investigation, there appears to be some association between a possible suspect and the victims.  The crime occurred inside the residence.   Next of Kin notifications have been made.   Rachelle Armstrong is the mother of Lisa Rutzebeck.last_img read more