​Nordea gears up for Norway reform with €395m pension portfolio deal

first_imgSnorre Storset, head of Nordea’s asset and wealth management unit, said: “Nordea Liv is growing fast in Norway and we look forward to offering Frende’s pension customers and customers of owner banks of Frende a wide range of pension products and modern digital solutions.”The banks that own Frende have a solid position in the Norwegian market, he said.A spokesman for Nordea said Nordea Liv Norge had been growing rapidly over the last two to three years, having increased its market share in that period to 14.2% from 12.8%.“The acquisition of Frende’s occupational and individual pension portfolios fits well with Nordea’s growth strategy, and will position Nordea Liv AS as one of the main players in run-offs to the ‘own pension account’ reform to be implemented in the Norwegian life and pension market in 2021,” he said.The “own pension account” (egen pensjonskonto) reform was proposed in late 2018, and its details are currently out for consultation until 3 August.The idea is for employees with DC pension schemes to gather and manage all these pension assets together with their active pension earnings in a single pension account – which can be managed in their current employer’s pension scheme or with a provider of their choice.The aim, the government has said, is to give Norwegian employees more pension for each krone saved by making the management of it more efficient, while giving them a better overview of their pension.A year ago, Nordea said in an interim report that it was approaching growth across the occupational pension markets in Norway and Sweden “through increased leverage of Nordea Group’s distribution channels, new partnerships and acceleration of value propositions”.On top of that, the company said there was “continued strategic positioning and management of the transition into the ‘own pension account’ structure in the Norwegian market”.Looking for IPE’s latest magazine? Read the digital edition here. Nordea has signed a deal to take on NOK4.2bn (€395m) of defined contribution (DC) pensions from Frende Forsikring in Norway, as the Nordic bank positions itself ahead of the “own pension account” reform set to re-shape the private sector occupational pensions market.Nordea said it has agreed to acquire the occupational and individual pension portfolios from the insurer’s Frende Livsforsikring unit, with the intention of combining the new business with its Norwegian insurance subsidiary Nordea Liv Norge.As part of the deal, the Nordea unit will also sign a long-term pact to distribute pension products to the Norwegian savings banks that own Frende.The portfolios Nordea is taking on have total unit-linked assets of approximately NOK4.2bn. These stem from the workplace schemes of some 5,600 corporate customers representing around 32,000 individual policyholders, with some private pension savings also included, according to Nordea and Frende.last_img read more

Gov. Ron DeSantis activates level II response to coronavirus

first_imgFlorida Governor Ron DeSantis directed the Florida Division of Emergency Management on Saturday:“I have directed the Division of Emergency Management to activate to Level II to ensure our state has all the necessary resources engaged as we respond to COVID-19,” said Governor DeSantis. “It is critical that we proactively coordinate all state resources to mitigate the threat and contain COVID-19. I urge all Floridians to take necessary precautions and follow hygiene guidelines issued by the Surgeon General and Florida Department of Health.”Earlier this month,Governor DeSantis issued an Executive Order to declare a public health emergency. Gov. DeSantis requested $25 million from the Florida Legislature for the Florida Department of Health to be used immediately to assist with the COVID-19 response.For more information, click here. Following the announcement on Friday that two individuals have died and two new presumptive positive cases were confirmed in Broward County Governor Ron DeSantis activated Level II to coordinate the state’s response to COVID-19.COVID-19 Hits Home with Two Presumptive Cases in South Floridalast_img read more

Root named new England Test captain … all-rounder Ben Stokes fills the role as vice-captain

first_imgJOE Root has been named as England’s new Test captain. The Yorkshire batsman, 26, succeeds Alastair Cook, who resigned last week after more than four years in charge.“It is a huge honour to be given the Test captaincy,” said Root, who will be the 80th man to lead the country in the longest form of the game. “I feel privileged, humbled and very excited.”Root steps up from vice-captain, with Durham all-rounder Ben Stokes, 25, filling the role as his deputy.“The senior guys in the changing room play a very influential role and, whilst there’s a natural progression for me, it’s a huge support to know that they are there to help and advise,” added Root.“We have a very good group of players and I’m looking forward to leading them out in the summer, building on Alastair’s achievements and making the most of our talents in the years ahead.”No batsman has scored more than Root’s 4 594 runs since he made his Test debut in December 2012.In the same time period, only India captain Virat Kohli has scored more runs than Root in all forms of international cricket.“Joe is the right man to be our next Test captain and I’m thrilled that he has accepted the role,” said England director of cricket Andrew Strauss.“He is universally respected by his team mates, passionate about driving the Test team forward and extremely excited about the prospect of leading his country.”TRANSITION OF POWERCook resigned on February 6 after a record 59 Tests at the helm.Before the tour of India at the end of last year, the 32-year-old opener said he was looking forward to not being captain.Ben Stokes has scored 1 902 runs and taken three five-wicket hauls since making his Test debut in 2013.As England moved towards a 4-0 series defeat, Cook increased speculation over his future by saying he was questioning his position.After he resigned, he confirmed he would like to continue at the top of the order, with England director of cricket Andrew Strauss leading the process to appoint a successor.Root, Stokes, pace bowler Stuart Broad and one-day vice-captain Jos Buttler were all consulted.But Root was always seen as the clear favourite and was offered the job over the weekend.With England concentrating on limited-overs cricket for the first part of 2017, Root will not properly pick up the reins for almost five months, with the next Test not until July.However, after the visits of South Africa and West Indies, he will lead England to Australia for the defence of the Ashes.Root takes the job with very little captaincy experience – he has only ever skippered in four first-class matches.However, he likened taking over as leader to becoming a father, a baby son having arrived in January.“Being a dad, you don’t really know what to do until you have to go with it,” he told the BBC before Cook’s resignation.“I imagine being captain would be very similar. Until you’re in that position I don’t think you know.“I’ve got quite a lot experience in Test cricket now, but it’s one of these things you have to learn on the job.”STOKES’ RISE TO RESPONSIBILITYFor Stokes, the elevation to vice-captain is further confirmation of his importance to the England side after an occasionally turbulent start to his international career.In 2013, he was sent home from the England Lions tour of Australia for disciplinary reasons after he and pace bowler Matt Coles were found to have ignored the management’s instructions over preparation and recovery.Though he was part of the England squad for the 2013-14 Ashes, scoring a maiden Test century, he missed the 2014 World Twenty20 with a broken hand sustained when punching a locker on a tour of the West Indies.A spell of drifting in and out of the England team followed, including missing the 2015 World Cup, but he returned to hit the fastest Test century at Lord’s – 101 from 85 balls against New Zealand – before smashing England’s fastest Test double-century against South Africa in January 2016.“He has real presence and influence within the team environment that serve as a great source of support for Joe,” said Strauss. “I have no doubts that the responsibility will also help Ben to continue his rapid rise as a world-class all-rounder.” (BBC Sport)last_img read more

After redshirt year, Erb shines for Syracuse

first_imgWhen MJ Erb decided to redshirt last year, he knew he’d have to work hard in practice to stay in shape. That work has already begun to pay off less than a month into the season.In his second race at Syracuse, the Dartmouth Invitational on Sept. 14, Erb was the first Orange runner to cross the finish line. The redshirt freshman finished third overall with a time of 23:59.56. “(Head coach Chris Fox) wanted us to get used to the system so that we’d be better for the next few years,” Erb said. “It’s definitely helped me a lot because last year, I didn’t have any pressures on me so I was just able to kind of adapt and get used to the training and what would be expected of me for the next few years.”Just two races into this season, Erb has already proven that he’ll be a contributor for one of the nation’s best teams – and his coaches have taken notice.Assistant coach Adam Smith said Erb’s hard work redshirting last year and during the summer has started to pay off. AdvertisementThis is placeholder text“MJ’s one of our most fit guys right now,” Smith said. “He’s running with a lot of confidence right now. It wasn’t surprising to see him up there.” At the beginning of his running career, though, Erb wasn’t even sure he would like the sport at all. “I did track one year just to see what it was like, and then my high school coach approached me when I was in middle school and convinced me to give cross country a try,” Erb said.That decision not only led Erb to join his high school cross country team, but also started him on his path to Syracuse.When Erb was in high school, he became friends with former SU runner Kyle Heath. The two ran together at Victor High School in Farmington, N.Y. Erb said Heath told him Syracuse was a good place to go.“(Heath) definitely helped convince me because he ran so well under Fox,” Erb said. “He showed me how much he trusted Fox.”As soon as Erb got to Syracuse, he trusted Fox and decided to redshirt. It also gave Erb an opportunity to take a year off and not only get better, but also learn from older runners who had redshirted their freshman year.“They definitely have showed me what I’m supposed to be doing and how it’s supposed to be done,” Erb said. “Those guys are always looking out for me.”Said assistant coach Smith: “I would certainly hope that he continues his success and we see him being a big part of this squad. We see MJ as one of our top guys.” Comments Facebook Twitter Google+ Published on September 23, 2013 at 11:21 pm Contact David: dlauterb@syr.edulast_img read more

Phil Wheddon on Strong statement: ‘I’m glad that she’s come out and said something’

first_img Facebook Twitter Google+ Published on September 10, 2014 at 10:45 am Contact Paul: pmschwed@syr.edu | @pschweds Hanna Strong released an apologetic statement on Tuesday night, and Syracuse women’s soccer head coach Phil Wheddon discussed Strong’s statement on Wednesday morning. “We have policies and procedures by which the team operates, let alone the university. I’m glad that she’s come out and said something,” Wheddon said. “I think that’s important. There are codes of conduct for everyone. “We try, we uphold the university’s code of conduct, but we also have the way that we operate as a team.”Strong, who is suspended indefinitely from the team, apologized for calling an unidentified person a “f*ggot-a** n*gger” in a video that went viral on Saturday afternoon. Wheddon said he’s had no concerns about the composure of his team over the past few days.AdvertisementThis is placeholder textSaid Wheddon: “Hopefully she can progress and move past this unfortunate incident.” Commentslast_img read more

School of Cinematic Arts announces detailed plans for hybrid instruction, remote freshman courses

first_imgSCA’s announcement that all incoming freshmen will attend online classes differs from University-level announcements that have been made in the past few weeks indicating no freshman-specific course plans. However, in line with Project Restart, USC’s initiative to plan for the fall semester amid coronavirus public health concerns, all incoming graduate, transfer and continuing students will have the option to attend hybrid or in-person classes or opt for remote learning.  The School of Cinematic Arts will have all incoming freshman classes online and implement hybrid, in-person or remote instruction for its graduate, transfer and continuing students. The school is the first to announce its plans for the fall semester. (Vincent Leo | Daily Trojan) For programs that require specific resources and software that must be accessed in person, SCA is in the process of creating a plan for labs to be held with social distance precautions in place, including the use of sign-up sheets, adjusted equipment check-out procedure and frequent sanitation of communal spaces. “Physical production requires learning the physical tools and techniques,” wrote Gerardo Garcia, a rising senior majoring in film and television production. “The students of SCA production deserve a quality education that [includes] hands-on education.” Daley outlined the current plan for each of the school’s divisions and highlighted specific classes that will be taught in a hybrid manner, with a mix of in-person and remote activities. Film and Television Production — one of SCA’s most hands-on programs, which typically requires students to collaboratively work in person — will host lecture courses online.  This announcement comes two months after a Change.org petition circulated among students encouraging the production division to suspend the physical production track if Fall classes were to be online. The petition had more than 800 signatures at the time of publication. The School of Cinematic Arts plans to host all incoming freshman courses online and announced plans for division-specific hybrid courses in a schoolwide email sent by Dean Elizabeth Daley Monday. SCA is the first school to outline its specific internal plans for the fall semester.  The email also outlines plans for the Animation and Digital Arts program to record classes for asynchronous playback to ensure that international students who may experience travel restrictions or visa delays can attend class. “While we are one school, each of our seven divisions has developed strategies that best suit the needs of their students and specific curriculum,” Daley’s email read.  The announced plans for a hybrid production program will incorporate online lectures and production with amended hands-on instruction compliant with public safety measures. “Despite COVID-19 and the challenges it has presented, we want to assure you that this semester will be an opportunity to meet those challenges alongside our industry, and that you will be supported by our faculty, staff and fellow students,” the email read. “The plans we are making for you for this coming fall will indeed follow the same protocols that are being used in the professional community.” For SCA’s other programs, almost all courses will be conducted virtually. Interactive Media and Games, the John Wells Division of Writing for Screen and Television, the John C. Hench Division of Animation and Digital Arts, Cinema and Media Studies and Media Arts and Practice will hold nearly all of their labs and classes online, with the exception of a few smaller courses. SCA also encouraged students to plan and host virtual events and online gatherings so they can connect with one another. The Cinema and Media Studies division will host a CAMS Slack channel for undergraduate students to create online social gatherings, such as forums and reading groups. For the major’s production courses, students will complete pre-production phases remotely, in-person instruction to work with actors, crew and principal photography. Post-production mixing and editing will take place online. “This approach preserves the collaborative, creative experience of working in media production while remaining safe,” Daley wrote. “In fact, this workflow that moves between online and in-person activities is exactly what is being done today in professional film and television productions. Giving students the opportunity to learn the protocols that they will need to know on graduation.” “Our approach to a fall return is based on what we know now, but is contingent upon on-going directives by local and state officials, the spread of COVID-19, and guidance from health officials,” the email read. “Based on these dynamic factors, we will be continually reviewing safety protocols and will pivot as necessary to ensure, to the best of our ability, the safety, health and security of our students, faculty and staff.” The email encouraged students with concerns or questions about the fall semester to reach out to division-specific advisers and administrators. The school also announced its commitment to areas of online student engagement outside of classes and looks to create new opportunities, such as virtual entertainment industry chats and special guest sessions, for students in the fall. The email, however, emphasized that these plans are still subject to change as more information about the fall semester and the coronavirus become available to the school.last_img read more

Voting in GFA Presidential elections underway

first_imgDelegates in the Ghana Football Association’s Congress have begun voting in the Presidential elections.The position of GFA President has been vacant since 2018, when Kwesi Nyantakyi resigned following damning revelations in an exposé by investigative journalist Anas Aremeyaw Anas.The elections were allowed to proceed after the Court of Arbitration for Sport (CAS) rejected an injunction appeal by a disqualified Presidential aspirant, Wilfred Osei earlier on Friday.Contesting in today’s polls are  George Afriyie, Kurt Okraku, Nana Yaw Amponsah, George Ankomah Mensah, Amanda Clinton and Fred PappoeThe GFA’s Congress has a total of 120 delegates with the Division One League clubs accounting for the largest group; with 48 delegates.A candidate would need to secure 50% plus one vote in order to become the new GFA President.If a clear winner is not found, two more rounds of ballotting would be done.However, if a winner is still undetermined, the position would remain vacant until a new Elective Congress is announced.Breakdown of delegates120 delegates for GFA Elections– 2 from each of the 16 Premier League clubs (32)– 2 from each of the 10 Regional Football Associations (20)– 8 from Women’s Elite League– 48 from Division One League– 1 from Schools and Colleges– 1 from Beach Soccer Association– 1 from Futsal Association– 1 From Security Services Sports Association– 2 from Professional Footballers Association of Ghana– 2 from Coaches Association of Ghana– 2 from Referees Association of Ghana– 2 from Juvenile FootballThe new President of the Association will now serve a maximum of two four-year terms in office following the adoption of the new statutes GFA at September’s Extraordinary CongressThe new statutes were approved with an almost unanimous endorsement from the delegates.One major criticism levelled at the GFA during the tenure of former President, Kwesi Nyantakyi was his lengthy stay in office.Nyantakyi served as President for 13 years from 2005 to 2018, completing a total of three terms.He had been widely expected to contest for a fourth term before the investigative piece by journalist Anas Aremeyaw Anas which led to his resignation.The GFA hopes the new term limits will prevent any individual from remaining in power for too long.last_img read more

GFA names members of Division One League Management Committee

first_imgThe Ghana Football Association has named Media Consultant Akwasi Agyeman as Chairman of the Division One League Committee.Kenneth Thompson, the CEO of Dalex Finance will be the Vice Chairman.Each of the three Division One League zones elected 2 representatives onto the Committee.Below is the full list of the Division one League Management Committee:Akwasi Agyemang- ChairmanKenneth Thompson- Vice ChairmanJones Abu Alhassan – Zone 1David Obeng- Zone 1Tophic Kadir Sienu – Zone 2Justice Boison – Zone 2Gideon Fosu – Zone 3Eugene Noel – Zone 3 Source: Ghana FAlast_img read more

Day 5: Hrs. before final verdict, ‘we just want justice to be served’

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisHARRISVILLE, Mich. – Friday’s verdict boiled down to 12 jurors deciding the fate of Nathaniel Ballard in the murder of Patricia Leeper. They ruled whether or not he is guilty of first degree premeditated murder or second degree murder.Here’s what happened hours before the final verdict.Patricia Leeper’s favorite color was red.This fact wasn’t brought up in court involving her death, but it’s a fact the victim’s family wants noticed.“It’s just an attempt to show that you know she’s with us and that we’re fighting for her,” said Trayc Cunningham, Leeper’s sister. “This is the second time around with this trial and we just want justice to be served.”There were three sisters in the 1976 version of Sparkle with stories similar to the woman who has been the face of this trial since her death 18 years ago.In the movie, Sparkle’s older sister said when I pass away make sure you bury me in a red dress. “So [Patricia] turned to me after that movie went off and she says, ‘if I die before you make sure I’m buried in a red dress with a single rose in my hair.’”The red supporters and family members wore in the courtroom represents a call to action.“You know, it’s time for someone else to see that justice needs to be served,” said Leeper’s sister.The lid on this case would soon be closed and Nathaniel Ballard waived his right to testify.When Michigan State Police Det. Sgt. Steve Harshberger took to the stand he said Ballard never denied killing Patricia Leeper.The detective testified, not once did Ballard say “it wasn’t me” or “I didn’t kill her” during interrogation.Evidence proved DNA of Ballard’s semen had been found on Leeper’s body minutes before her death.Relatives of Ballard declined to be interviewed at the time of this story.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Nathaniel Ballard Found ‘Not Guilty’ in 18-Year-Old Murder Mystery of Patricia LeeperNext Insights Into Northeast Michigan: Representing the 106th Districtlast_img read more

Dodgers reliever Josh Ravin suspended 80 games for PEDs

first_imgDodgers pitcher Josh Ravin received an 80-game suspension without pay Monday after testing positive for Growth Hormone Releasing Peptide 2 (GHRP-2). Ravin fractured his left arm in an automobile accident in spring training and had not been with the team since camp broke. He is on the 60-day disabled list. “We are disappointed to hear that Josh has violated Major League Baseball’s Joint Drug Prevention and Treatment Program,” the Dodgers said in a statement. “The Dodgers fully support MLB’s policy toward eliminating performance enhancing substances from the sport and, as per the Joint Drug Program, we will have no further comment on this suspension.”Ravin, 28, made his major league debut with the Dodgers last year after parts of 10 seasons in the minor leagues. The West Hills native and Chatsworth High grad appeared in nine games and posted a 6.75 earned-run average. Newsroom GuidelinesNews TipsContact UsReport an Error Ravin subsequently released a statement through the MLB Players’ Association:“During 2016 spring training, I came down with a severe case of intestinal flu and strep throat. I was put on antibiotics and lost a total of 20 pounds in less than seven days. To try and speed up my recovery, I took some supplements that I thought would help. Unfortunately, I was not as careful as I should have been and one of the supplements contained a banned substance.“I later learned that the substance showed up in a regular drug test done of me during 2016 spring training. This has been a very painful lesson for me. I have always tried to avoid doing anything in violation of the system and I take full responsibility for the consequences of my actions and my bad judgment. So, I have decided to accept the suspension and continue my ultimate goal to be able to pitch again in the major leagues.”Ravin can serve his suspension while on the disabled list. He can train with the team and participate in extended spring training games, but will not be paid.The Dodgers can also assign Ravin to a Minor League affiliate for a period of time prescribed under Section 7.H.2 of the Joint Drug Program.last_img read more