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Now LandSecs takes PFI plunge

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Webb offers hints on UK default fund charge caps

first_imgThe Liberal Democrat MP praised a number of existing providers – including master trusts The People’s Pension and Now Pensions, as well as contract arrangements provided by large insurers – for offering fees similar to those levied by NEST.He also said the DWP could consider several approaches in trying to reduce costs for DC members.“Should we just settle for a round number,” he asked in what was likely a veiled swipe at calls from the opposition Labour party to impose a 1% cap, “or should we go a bit harder?”Indicating the DWP would also consider a comply-or-explain scenario rather than an inflexible and immovable fee cap, he added: “Should we say ‘actually, we should get a low charge, but if there is something special you’re doing that justifies the higher charge, then you make the case’.”Turning to general quality standards for auto-enrolment funds, Webb said the department would outline its thinking early next year and “regulate pretty soon after”, and that he could be “quite adventurous” in what was regarded as the minimum threshold for any fund.He echoed his oft-repeated mantra that workers should not be auto-enrolled into a fund that is not deemed good quality, and noted that too big a variance in standards will also risk making automatic consolidation through the ‘pot follows member’ reform “look a bit ugly”.“Our minimum quality standards, I hope, will be demanding, but there might still be room for some form of recognition beyond ‘good’,” he said. Pension providers in the UK could soon be subject to a 50-basis-point cap on fees in default funds, pensions minister Steve Webb has hinted.In his speech at the National Association of Pension Funds annual conference in Manchester, he indicated that the fees paid by members of National Employment Savings Trust (NEST) could be seen as a benchmark during a forthcoming consultation on a charge cap for defined contribution (DC) default funds.Webb remained coy about the consultation, promised by the Department for Work & Pensions (DWP) if the Office of Fair Trading’s review of the DC market found problems with charging structures, and only provided the most general indication of the tone of the department’s questions.“All I would say on the subject of excess charges is, in a world where the government has created a provider with a public service duty to provide pensions at the basis of 50 basis points, why should anybody be automatically enrolled and have their money invested by default in something that charges twice as much? Maybe there is a reason for it, but I haven’t heard it.”last_img read more

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Fete Isidore officially launched

first_img Share Share Sharing is caring! EntertainmentLocalNews Fete Isidore officially launched by: – May 25, 2011 Tweetcenter_img Share 281 Views   no discussions Village of San Sauveur. Photo credit: fusedworld.comSeveral new changes have been made to Fete Isidore celebrations, in an effort to create a greater impact on the event in Grandbay this year.Fete Isidore has been organized by the Grandbay Village Council over the past several years but organizers say this year, the council has partnered with several stakeholders to make the feast more exciting from June 9-13.The program will begin with an awards recognition ceremony on Thursday June 9th for bands that have contributed to the development of the arts and culture in Grandbaby for several years.Broth on the Boulevard a signature event of Kubuli beer, an International Concert night, Isidore Road Race, Kubuli birthday bash in which everyone celebrating their birthday in June, will receive gifts and prizes from Kubuli are among some of the activities planned.Meanwhile Events Coordinator of the DFC Nathalie Meade has endorsed the activities marking Fete Isidore and has pledged the committee’s support at ensuring that events are successful.Fete Isidore will be celebrated in Grandbay and San Sauveur this year.Activities in San Sauver were stalled in 2010 due to a landslide which caused the death of one person and left a family homeless.Dominica Vibes Newslast_img read more

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Arnold Motor Supply Dirt Knights Tour finale set Saturday at Benton County

first_imgPit gates open at 2 p.m., the grandstand opens at 4 p.m. and hot laps are at 4:30 p.m. with racing to follow. Grandstand admission is $15 for seniors, $12 for students and military, and free for kids ages five and under. Pit passes are $30. IMCA Modifieds race for $1,500 to win in their Saturday, Sept. 28 Fast Shafts All-Star Invitational ballot qualifying feature.  Saturday’s race program will be broadcast by IMCA.TV.  Also on the card at Vinton are IMCA Sunoco Stock Cars, IMCA Sunoco Hobby Stocks and Karl Kustoms Northern SportMods. In addition to special series points for the Modifieds, IMCA Speedway Motors Weekly Racing National, regional and E3 Spark Plugs State points will be awarded. center_img VINTON, Iowa – The final checkers fly this weekend at Benton County Speedway for the 10th annual Arnold Motor Supply Dirt Knights Tour. More information is available by calling 319 429-6931.  Arnold Motor Supply Dirt Knights Tour top 20 point standings – 1. Richie Gustin, Gilman, 276; 2. Joel Rust, Grundy Center, 242; 3. Kelly Shryock, Fertile, 226; 4. Kyle Brown, Madrid, 207; 5. Kollin Hibdon, Pahrump, Nev., 204; 6. Cody Laney, Torrance, Calif., 203; 7. Corey Dripps, Reinbeck, 182; 8. Brock Bauman, Eureka, Ill., 167; 9. Al Hejna, Clear Lake, 141; 10. Chris Abelson, Sioux City, 126; 11. Tim Ward, Harcourt, 125; 12. Ethan Dotson, Bakersfield, Calif., 122; 13. Cody Bauman, Eureka, Ill., 113; 14. Ricky Thornton Jr., Adel, 107; 15. Ryan Ruter, Clear Lake, 93; 16. Todd Shute, Norwalk, 92; 17. Travis Hatcher, Honey Creek, 88; 18. Jordan Grabouski, Beatrice, Neb., 78; 19. Jeremy Mills, Britt, 77; 20. Josh Most, Red Oak, 73.last_img read more

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Odemwingie hails Cardiff strength

first_img The 32-year-old Nigeria striker joined the Bluebirds in a £2.5million move late on transfer deadline day, ending an eight-month period where he was frozen out at The Hawthorns after attempting to force through a move to QPR in January. Odemwingie could make his Cardiff debut at Hull on Saturday, although he is likely to be selected among the substitutes by City boss Malky Mackay. But he believes the Welsh club, who spent significantly over the course of the summer, have a stronger pool of players to choose from than his former employers. He said: “I told my wife that from what I see this is a stronger team than West Brom. Without any disrespect to West Brom, that is how I feel. “I think the club has shown what brought them here were gradual steps. They showed a lot of ambition in the window but it took them a couple of years of calculated steps. “From the chat I had with the manager that is the way it will be. They have plans for the near future and I think the objective is to stay in the league because they all know this league is very tough. “They had a great start but the finish is the most important part and it is important to get points on the board before December.” Odemwingie, who revealed Stoke, Fulham, West Ham and Swansea had been interested in acquiring his services, also stated he was happy to take his share of the responsibility for his now infamous drive to Loftus Road in January as he sought an exit from the Baggies. But believes the club also have to take some of the blame. He said: “I will take part of the responsibility, but if you have a relationship on one side claiming it is perfect, then that is impossible. Peter Odemwingie took a swipe at former club West Brom as he claimed his move to Cardiff has seen him join a stronger team. “We are all human beings and we all make mistakes and I believe mistakes were made by West Brom as well. We learn from that. “As I said before, the West Brom fans are the most important thing to me. I am not against the whole club. I am a fan of a lot of people in the team, among the fans as well I still get a lot of positive words. “I have never met one single West Brom fan face to face who has said anything nasty. I still love the club.” The striker also revealed the lengths he had gone to to win over those West Brom fans hurt by his desire to leave. “During my stay there, there were people I got to know more than others. There was a nice letter written to me by a fan who had two little boys. It touched me,” he said. “The letter said ‘I have two boys and you mean everything to them, overnight they don’t talk about you any more’. “I thought it would be good to invite them over to my house because when I remember myself being seven years old, I could understand how the boys felt. The letter explained to me why the West Brom fans were hurt.” Press Associationlast_img read more

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Bolasie inspires Palace fightback

first_img Bolasie’s heroics sealed another fine day for Palace in the blue half of Merseyside after a 3-2 win in April eased relegation fears – despite a nervous finale after Leighton Baines’ late penalty reduced the deficit. Lukaku and Phil Jagielka both came close in a frantic finale but the final whistle brought a juddering halt to the hosts’ recent revival and left them stuck on five points from as many Barclays Premier League games. Martinez must have hoped the full debut of veteran striker Samuel Eto’o would grab the attention but the Cameroonian looked increasingly off the pace as individual errors helped the game slip out of his side’s grasp. It had all seemed so promising as the home side started with purpose, Eto’o having the first shot on target in the sixth minute then Christian Atsu shooting into the side netting before Lukaku opened the scoring in the ninth minute. Osman’s neat lay-off on the edge of the box sent the Belgian barging through and he finished with aplomb low to the right of helpless Palace keeper Julian Speroni. Lukaku should have had a second four minutes later when he was served up a fine chance in front of goal by Eto’o following a Baines corner from the right, but the striker completely mis-kicked. Palace barely surfaced in the first half hour but moments after Osman had shot straight at Speroni they seized their chance to draw level when Howard fouled James McArthur in the box and referee Michael Oliver pointed to the spot. Jedinak stepped up to fire the ball confidently past Howard and give Neil Warnock’s men a sudden foot-hold in a game that had occasionally threatened to pass them by. Yannick Bolasie inspired another smash-and-grab raid on Goodison Park as Crystal Palace came from behind to cling on for their first win of the season. The Congo winger was instrumental in his side’s surging second-half performance which he capped with the Eagles’ final goal in the 69th minute to secure a 3-2 victory. Romelu Lukaku had given Everton a ninth-minute lead, but Mile Jedinak equalised from the spot and Fraizer Campbell took advantage of an error by Tim Howard to change the course of the game. The goal swung the momentum in Palace’s direction and they almost seized the lead five minutes before the break when Bolasie played in Joe Ledley whose deflected effort struck the top of Howard’s right-hand post. Palace kept pushing at the start of the second half and they went ahead on 54 minutes when Howard flapped terribly at Martin Kelly’s cross from the left allowing Campbell to get just enough power on the ball to flop it over the line. Lukaku and Gareth Barry missed chances to draw level but it got worse for the hosts in the 69th minute when Jason Puncheon nicked the ball off Osman and played a perfect low ball to the unmarked Bolasie to stroke home. Substitute Steven Naismith missed a chance to immediately reduce the deficit as he failed to get the vital touch to a Kevin Mirallas cross, then Scott Dann made a vital interception to deny Lukaku and an Osman effort was saved by Speroni. Baines set up a frantic finale when he swept home a penalty eight minutes from time after Dann had brought down James McCarthy in the box. Jagielka dribbled an effort inches wide and Lukaku scythed an 88th-minute effort across the face of goal as Palace waded through six minutes of injury time to secure the points. Press Associationlast_img read more

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Steven Gerrard reveals Tottenham interest

first_img Gerrard opted for Major League Soccer, having also turned down big money from Qatar plus approaches from French, Spanish and Turkish sides, he writes in his autobiography. With whispers emerging of his possible availability, Gerrard said: ” The first offer came from Besiktas, then managed by Slaven Bilic. Monaco were next. They came in strong. Paris Saint-Germain were also very keen. David Moyes called my agent a couple of times, to see whether I would be interested in playing for him at Real Sociedad. “A few English clubs called but I wouldn’t play against Liverpool. There was interest from Tottenham manager Mauricio Pochettino. It was good to know he still rated me. I was sure I could play in the Premier League for another year but there would not have been much of a buzz doing the same thing all over again with Tottenham.” In the book, being serialised by the Daily Mail, Gerrard suggests “a perfect scenario” would have seen him offered a one-year contract at Liverpool that could have seen him split playing and coaching duties. But when it came to negotiating a possible new deal, with a 40 per cent pay cut and performance-incentive bonuses, he said: “It was pretty much a case of ‘this is the offer’. It seemed as if I wanted them more than they wanted me.” Gerrard said he accepted less money in Los Angeles than Liverpool were prepared to put on the table, because he sensed the quality of life would fit his family’s needs. “It’s also why I turned down a 13.5million euros (around £10million) net deal to play in Qatar for two years,” he said. “That would have been more than I’d ever earned, but Qatar wasn’t the right place for me and my family.” Steven Gerrard has claimed Tottenham wanted to sign him from Liverpool before he decided to join the Los Angeles Galaxy. The former England and Liverpool captain was coming towards the end of his Anfield career last season and was flattered by the Spurs interest. But Gerrard felt there “would not have been much of a buzz” in a move to White Hart Lane, and was determined he could never play against his beloved Liverpool. center_img Press Associationlast_img read more

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Perera hits maiden Test century as Sri Lanka score 317 on opening day

first_img(REUTERS)- Kusal Perera scored a maiden Test century but partner Kaushal Silva fell six runs short of a ton as an injury-ravaged Sri Lanka racked up 317 for four against Zimbabwe on the first day of the first Test yesterday.The 26-year-old Perera, in his eighth Test appearance, hit 110 off 121 balls, having twice been dropped by the home side, as Sri Lanka dominated the home bowling at the Harare Sports Club in Zimbabwe’s 100th Test.Silva was well set to be the first to a century but lost his wicket just after tea when he chopped to mid-on and was caught by Sean Williams off the bowling of Malcolm Waller for 94.Silva and Dimuth Karunaratne opened with a 123-run stand for the first wicket before Karunaratne (56) was caught off the spin bowling of captain Graeme Cremer.Cremer also took the wicket of Kusal Mendis (34) with a leg break that was edged and caught behind by wicketkeeper Peter Moor in the last session.Upul Tharanga (13 not out) and Dhanbanjaya da Silva (10 not out) will resume on Sunday in a bid to build up a large score that might preclude Sri Lanka from having to bat again.Sri Lanka, who thrashed top-ranked Australia 3-0 in their last series at home in July and August, went into the game without injured captain Angelo Matthews and his deputy Dinesh Chandimal, plus several key bowlers, leaving the 38-year-old spinner Rangana Herath to skipper the side for the first time.The match is the first of a two-Test series and marks Zimbabwe’s 100th test since they first played India in 1992. They have won 11 Tests in that almost 25-year period.Caption: Kusal Perera lofts one down the ground in his innings of 110 on the opening day in Harare.SRI LANKA 1st inningsD. Karunaratne c Mawoyo b Cremer 56K. Silva c Williams b Waller 94K. Perera c Waller b Cremer 110K. Mendis c Moor b Cremer 34U. Tharanga not out 13D. de Silva not out 10Extras 0Total (for 4 wickets, 90 overs) 317Fall of wickets: 1-123 D. Karunaratne,2-198 K. Silva,3-282 K. Mendis,4-307 K. PereraTo bat: A. Gunaratne, D. Perera, R. Herath, S. Lakmal, L. KumaraBowling: C. Mpofu 20 – 5 – 62 – 0, C. Mumba 15 – 2 – 65 – 0,D. Tiripano 14 – 4 – 37 – 0, G. Cremer 21 – 2 – 82 – 3,H. Masakadza 6 – 2 – 22 – 0, S. Williams 8 – 0 – 24 – 0,M. Waller 6 – 0 – 25 – 1.last_img read more

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first_imgNew Delhi: Skipper of Indian football team, Sunil Chhetri on Saturday made an impassioned plea to all the fans of Lionel Messi, Neymar and Cristiano Ronaldo.”Abuse us, criticise us but please come to watch the Indian national team play,” said Chhetri.The veteran who scored his third international hat-trick in-front a near empty Mumbai Football Arena (MFA) stands, had a message for all the resident ‘Gooners’, ‘Red Devils’ and ‘Catalans’, for whom Arsenal, Manchester United and Barcelona means “we”.“To all of you who are fans of big European clubs and support European clubs with so much passion and sometimes you guys think that the level is not the same, so why do you waste your time? Agreed, the level is not the same, not even close but with our desire and determination, we will try our best to make your time worth,” Chhetri’s plea was not only about accepting where they stand but also what little they want from the fans. “To all of you, who have lost hope or don’t have any hope in Indian football, we request you to come and watch us in the stadium,” the skipper said.Chhetri had a request for all the arm-chair critics of Indian football — please abuse but make the ‘Blue Tigers’ feel relevant.”I mean it’s not fun to criticise and abuse on internet. Come to the stadium, do it on our face, scream at us, shout at us, abuse us, who knows one day we might change you guys, you might start cheering for us. You guys have no idea how important you guys are and how important your support is,” the skipper appealed.India will face Kenya on June 4, which will incidentally be Chhetri’s 100th international match.”I request you all to please come …talk about the game, go back home, have discussions, make banners. Please get involved, this is an important time and juncture in Indian football and football in India needs you guys.” For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps.last_img read more

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Syracuse beats Louisville for first time in program history

first_img Facebook Twitter Google+ Syracuse upset No. 15 Louisville on Friday, ending the regular season on a three-match win streak. The Orange broke the Cardinals’ (24-6, 18-2 Atlantic Coast) 20-match all-time win streak against SU in three sets.Syracuse head coach Leonid Yelin got his first win against U of L, where he used to coach, since leaving. On senior night, seniors Nicolette Serratore and Silvi Uattara both tallied 13 kills to lead SU (23-8, 14-6).Lousville, who came into the match with only one loss in the ACC, was out-blocked by Syracuse, 12-6. The Orange has been led all season by Leah Levert, but found an additional boost in setter Gosia Wlaszczuk, who led the team in both blocks (seven) and assists (30).Lousville’s previous loss came to No. 22 North Carolina. By beating U of L, SU was able to capture its first win over a ranked opponent since 2012 when the Orange defeated then-No. 18 Iowa State.In SU’s first set against the Cardinals, U of  L led for most of the set. SU led 2-1 early on but didn’t take the lead again until the set reached a score of 23-22. The Orange went on to win the set 25-23, winning five of the last six points.AdvertisementThis is placeholder textThe second set was much of the same. It was close for the majority of the set, but the Orange took control in the middle of the set, winning seven of nine points to take an 18-14 lead. Louisville was never able to retake the lead, getting as close as 23-22. SU took the set, 25-22.Syracuse, who won six three-set matches this season entering Friday, went on a commanding 8-0 run in the third set, taking a 17-6 lead. Once the Orange took a 14-6 lead, U of L never came closer than eight points and lost the set, 25-15.The win puts SU in fourth place in the ACC. Last season, the top four teams in the ACC all made the NCAA tournament. Comments Published on November 27, 2015 at 7:09 pm Contact Jack: jfupton@syr.edulast_img read more

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