The Architects’ Pension Fund (AP) and the Pension Fund for Agricultural Academics and Veterinary Surgeons (PJD) have decided to move their administration and asset management to Sampension – Denmark’s third-largest non-statutory pensions provider – while MP Pension (MP) for Danish M.A.s, M.Sc.s and PhDs is staying put.The chairmen of the three pension funds said in a joint statement: “We could not find a common way forward.”Erik Bisgaard Madsen and Mette Carstad, chairmen of PJD and the Architects’ Pension Fund, respectively, said: “We didn’t feel we could make a cooperation go quickly enough in the direction we wanted.”The funds, for example, had been unable to agree on the conditions and principles for a joint investment advice arm, which would have been able to generate revenue and reduce Unipension’s costs – and costs were a key issue for the two pension funds, the chairmen said.The three funds established Unipension in 2008.For its part, Sampension said the new cooperation with the two pension funds would mean lower overall costs.Hasse Jørgensen, chief executive of Sampension, said: “We only have one goal, and that is to create the most value possible for members.”He said the organisation did not have owners that drew a lot of money out of the business.Sampension said the addition of the two pension funds would increase its total assets under management by just under DKK25bn to DKK280bn, and add 18,000 members.Jørgensen told IPE his company was very pleased with the double deal.“It is a business win and within a very important part of our strategy, which is to grow our volume further and make the costs as low as possible for current Sampension members, as well as for pension plans moving to us,” he said.Sampension said the two pension funds would retain much independence under the new cooperation.This is a total outsourcing, said Jørgensen, under which the two pension funds will be separate legal entities with their own boards.They will be able to decide on their own investment strategies and their own stance on corporate social responsibility (CSR), among other things.Sampension said the pension funds would retain their own brand identities.Jørgensen said this was the first time pension funds had moved their assets to Sampension under these particular terms, and that this had been the starting point for discussions between the parties.Meanwhile, the chairman of MP Pension Tina Mose said the other two pension funds in Unipension had pressed to reduce the proportion of costs in the cooperation.She said Jens Munch Holst would take the helm at Unipension until 31 December 2016, which has been set as the last day of the three-pension-fund cooperation, according to the termination agreement.However, this date could be brought forward if the parties agree, Unipension said.The parties have elected a steering committee to implement the split step-by-step, it said.MP Pension is to continue pensions administration for its almost 109,000 membership, carrying this out from the premises in the town of Gentofte that is currently home to Unipension.At the end of 2016, the name Unipension will then disappear, the parties said.Mose said MP Pension was large enough to run itself.“In the short term, it will be a little expensive for our members,” she said.However, the other two pension funds are sharing the costs of the split, she said. Denmark’s Unipension, set up by three professional pension funds to manage their assets and administration collectively, has lost two of the funds to rival Sampension.Further, its chief executive has quit over the crisis.Cristina Lage, chief executive at Unipension, which currently manages DKK119bn (€16bn) on behalf of the three pension funds, decided to resign from the role in connection with “the divorce”, the pensions administrator said.She will be replaced by Jens Munch Holst, Unipension’s CFO and CDO.
Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Georgia Oboh Oboh was on the verge of missing the cut at the San Lameer Golf Club, Durban, until she rallied to make the weekend draw by producing a day two round of 73 after an opening 80.She eventually ended in 27th position out of the 76 field of players. South African Leján Lewthwaite, who stepped up to the Sunshine Ladies Tour winner’s circle with a dramatic play-off victory over young GolfRSA amateur Kajal Mistry, won the South African Masters.The outing in Durban was an improvement on the tour for the 18-year-old player and she will be hoping to improve on that by making a big impression in her maiden event of the season at the ActewAGL Classic in CanberraOboh became the first Nigerian lady professional golfer on the LET after scaling through the qualifying school at the Lalla Meryem Tour School in Morocco in December last year. By Olawale AjimotokanGeorgia Oboh made a huge lift on the Ladies European Tour (LET) by finishing in 27th place at the South African Women’s Masters in Durban at the weekend.It was the first cut on the LET by the Nigerian and will be an impetus as she heads for Australia for the ActewAGL Classic at the Royal Canberra Golf Club this week.
Jackson will be caddying in his 50th Masters this week, a link to a segregated past in which all the players were White and required to use Black caddies who worked for the club.He grew up just a few miles away, “right over that tree line,” Jackson says, gazing toward the southwest from a spot beneath the famous oak tree next to the clubhouse.Now, as he prepares to mark a half-century as a Masters caddie, he keeps remembering all those guys who came before him, the African-Americans who grew up and lived in tiny shotgun houses just like his in the Sand Hill section of Augusta.“I tend to keep thinking back to the old days,” Jackson said Monday, adorned in those familiar white coveralls that all Masters caddies must wear. “Pappy Stokes. Iron Man. Those guys are just on my mind right now.”He was only 14 when he carried the bag for Billy Burke in 1961. Jackson has been back every year since then except one.Now 64, Jackson has long held the record for most Masters worked by a caddie. This one, though, is something special.“Fifty Masters is more than a lifetime,” marveled Ben Crenshaw, Jackson’s longtime employer. “A lot of blood, sweat and tears go into those 50 years.”Jackson knows he’s unlikely to be caddying for another Masters champion. By the weekend, players such as defending champion Phil Mickelson or Tiger Woods will surely claim the spotlight.But before all the attention turns to someone who could actually win the tournament, let’s honor someone who’s spent so much time walking these historic grounds and “knows this place like the back on his hand,” according to Crenshaw.Jackson’s first employer was Burke, who closed out his career playing in a white dress shirt and tie.But the caddie will forever be linked to Crenshaw.The Texan was a young stud trying to harness his erratic game when he first hooked up with the 6-foot-5 Jackson in 1976. Their temperaments meshed perfectly—Crenshaw, outgoing and a ball of emotions; the caddie, quiet and steady. The result was a runner-up finish and a rest-of-their-lives friendship.This will be their 35th Masters together, the only break coming in 2000 when Jackson was battling cancer. He beat the disease and intends to keep coming back as long as his health holds and Crenshaw keeps coming back.“We are so lucky to have come this far and shared so many things,” Crenshaw said. “I couldn’t have accomplished the things I’ve accomplished (at Augusta) without Carl.”They worked together only one year on the Tour. Jackson had children to care for and didn’t want to be away from home that often. Besides, the local knowledge he had at Augusta wasn’t so helpful at other courses, so it has been largely a once-a-year partnership.But, ohhhh, what a partnership it’s been.With Jackson on the bag, Crenshaw was a perennial contender at Augusta National through the prime of his career, winning his first green jacket in 1984 and posting nine other top-10 finishes over a 16-year period.“A lot of near misses, and some really fun times, and some painful times as well,” Crenshaw said.Then, with his career in a downward spiral and mourning the death of mentor Harvey Penick, Crenshaw teamed with Jackson for his most memorable triumph in 1995. A tip from the caddie helped Crenshaw get his swing straightened out on the practice range. After returning from Penick’s funeral, Crenshaw put together three straight rounds in the 60s to beat Davis Love III by a single stroke.The picture of Crenshaw—bent over and crying his eyes out on the 18th green, Jackson having walked up from behind to put his two large hands gently on the player’s shoulders—remains one of the most memorable in Masters history.These days, Jackson runs a caddie program at the Alotian Golf Club near Little Rock, Ark., hoping to lure people of color into the sport.He was a pretty good golfer in his day, getting his handicap into the single digits. He might’ve made it to the Tour himself with the right instruction and access to the best courses, and he certainly knows of other African-Americans who were even more skilled but never got the chance to advance beyond the caddie ranks.Times have changed, of course. Augusta National has Black members. Tiger Woods has won 14 major titles. The days of being forced to use club caddies ended nearly three decades ago.But there are still few African-Americans in the golf pipeline, something that Jackson hopes to change. The first rule of being a good caddie, he says, is being a good golfer.“If you’re going to make suggestions, you’ve got to have an understanding of what you’re trying to suggest,” he said. “I can’t see myself making a suggestion to a surgeon.”Jackson wants to help ensure the next Tiger Woods doesn’t fall through the cracks.He can think of no better way to honor those who came before him, like Pappy and Iron Man.“They just adopted me,” Jackson said. “They thought I had some instincts for the game, and they helped me bring them out. Those are the guys who did it.” HALF-CENTURY—Ben Crenshaw’s caddie Carl Jackson tips his cap before a practice round for the Masters golf tournament April 4, in Augusta, Ga. Jackson will be caddying in his 50th Masters this week. (AP Photo/Dave Martin) by Paul NewberryAssociated Press Writer AUGUSTA, Ga. (AP)—Everywhere he turns at Augusta National, Carl Jackson is asked to pose for a picture or sign an autograph.No surprise there.He’s as much a part of this place as the green jacket or Magnolia Lane.
:09 I am at Kinko’s doing what I do and in walks “Dr. T.” aka Tyrone Tillman. He of “The Dons” fame…The 4th all time winningest team in Connie Hawkins Basketball League history and the #1 Best Dressed Team in W. PA summer league history…But I digress…back to “Dr. T.” If you got Dr. in front of your name it means you can operate, and Tyrone Tillman would perform serious surgery on ya if you weren’t careful. One of the city’s original highwire acts…Dr. T. you’re now in “The Locker Room” And oh yeah he could stroke the soft jump shot with that high elevation. C’mon Rankin Gangsters, Cosmic Echoes and Bump yes you remember…don’t ya?!?!:08 Speaking of the “Connie Hawk League,” and I was. Man did I get the greatest compliment of all time from Heath Bailey and Brian Carroll, two of the great players from the third of four great waves that played in the league. Heath…who in fact I am proud to say is the principal at Sto-Rox High School …said that he, Brian, J.R. “Booper” Holden and the boys got just as hyped for “The Connie Hawk” games as they did their college games. MMMAAANNN that’s enough to make a grown may cry! Oh yeah thanks for the wedding invitation Heath, I had a great time…what?:07 I know you’re dying to know, so here it is. The Four Connie Hawkins League Era’s:ERA # 1—Connie, Kenny Durrett, Norm Nixon, Bill Graham, Chuckie Anderson, John Marshall, Kirk Bruce, Craig Prosser, Larry Richardson, Bob Moore and all the original CHL “Ballers” that got it started at the Homewood YMCA.ERA # 2—Erick Jefferson, Hosea Champaign & The Rankin Gangsters, Jeffery “Junkhead” Burton, Bobby Byrd, The Cosmic Echoes, Larry “Juice” Walker, Houn Johnson and and Bump yes, and of course Leroy Freeman, Joe Barlow, Larry Harris and Kevin “Dr K” Walls of the Don’s. Yeah before “Dr K” defected all at East Hill; and there was no party without Nate Duck “Big E” Carter, Gerald Lovelace and the Homewood Hopes.ERA # 3—The Park at East Hills when the crowds were a thousand plus every night and we had to move to Pennly (AKA Champions) Park. Darren Skywalker Walls, Heath Bailey, Tim Tyler, David “Puffy” Kennedy, Sam “Bam” Clancy, “Dr.” Bill Clarke, Donny Johnson, Tom “Bum” Coates, Mike Goosby, Melvin Paul, Steve Snyder…oh, stop me Lord, stop me Lord, I’ll run out of ink calling all the names. And be reminded Dougie Johnson would dunk on you in a hreartbeat. (Speaking of East Hills, hey Roland Slade, where’s my trophy mmmaaaaannn!)ERA # 4—The last of one of the greatest summer league runs in the nation. Myron Brown, Steve Sntder, Anthony “The Grey Hound” Rivers, “Big John,” Rico Appendanza and the “White Boys” that ruled the league, J.R. Holden, Ricky Greer, Sam Clancy Jr. all the Pitt, Duquesne and Robert Morris boys. Man that was back in the day, never to be equaled again. But after saying that stay tuned we got a surprise for ya later this summer.:06 Right now the Pens are back in it. Down 3-2 to the Flyers. Go Pens! Oops, correction…It’s now over, Flyers win 5-1 in Philadelphia Sunday afternoon.:05 Steelers draft coming up next week. Many needs to fit, but please get a killer “D” tackle, shut down corner and a “O” right tackle that can go the distance.:04 Blake Griffin is straight out of this world. But Charles Barkley is right. He must expand his game beyond killer dunks.:03 Oh yea…the Pirates. I’m just saying.:02 Do you remember these guys? Jordan, Pippen, Rodman, Kukos and Luke Longley…who? That’s right it was not so long ago when those Bulls ruled the world.:01 At the Buzzer…your favorite part! Yes it is, yes it is…shut up.•I am telling you again. “Act of Valor” best movie of the year. I give it 4 basketballs. That’s un-heard-of !!•The Champions Middle School All Star Classic Sunday, April 29, 10 a.m.-4 p.m. at The Penn Hills YMCA. The Big Celebrity Game at 3 p.m. featuring The Champion All-Stars and the “Pgh Bullets” semi-pro team.•“Ain’t No Stoppin Us Now”…we’re on the move. The Summer Old School Par-Tay Fantastic Voyage Kicks up it’s heel Friday, May 4, at the Comfort Inn Rodi Road. All The First Friday Rules still in effect. Dancin’…Eatin’…& Drinkin’…along with The United Rays Corvette Club and The Fabulous Diamond Models. Don’t forget it’s the early set 7 p.m. to midnight. Free parking, cash bar.•The Jazz is coming…the Jazz is coming…Kevin Howard kicks off “Jazz On The Green” Friday, May 11 & 25—Friday June 15 & 29 and Friday, July 13 & 27 at the amazing 3 Lakes Golf Club—Saltsburg Road in Penn Hills 8 p.m.-Midnight. Stay Tuned.~ This Game Is Over ~ :10 I might as well start with this. What good is it if you’re “the secret service man” and you can’t keep a secret!! The whole crew got busted cause they didn’t want to pay the bill…pay the lady! C’mon man! BILL NEAL
Since its founding in 1995, OYC has been under the direction of Cynthia Dinsmore, a well-known music educator. Annually about 130 girls and boys (with unchanged voices) participate. Singers are from public and private schools, as well as home-schooled. In addition to local performances, OYC choirs have performed in England, Hawaii, San Francisco and New York City. Over 900 singers have participated in the program over the last 17 years. Tickets are $12 for adults and $10 for students/seniors. Tickets may be purchased in advance by emailing [email protected] or by calling 360.790.6226. Tickets are also available at the door one hour prior to the concert. Another Op’nin, Another Show is made possible through generous community gifts, including those of the Chehalis Tribe/Lucky Eagle Casino, the concert’s presenting sponsor. Other sponsors include: Sunset Air, Inc., Andrew Kapust, DDS, Olympia Federal Savings, GHB Insurance, American Pump, Puget Sound Energy, Kim & Cynthia Dinsmore, Chuck & Mary Papiez, Greene Realty Group, Coldwell Banker Evergreen Olympic Realty, Inc., Berschauer Phillips, Small to Tall Pediatric Dentistry, Merrill Lynch, Clarus Eye Centre, Town and Country Roofing. Four youth choirs will delight attendees at the Another Op’nin, Another Show concert on Sunday, May 20. Singers will showcase familiar Broadway musicals from Kiss Me Kate to Spiderman, Westside Story to Spring Awakening. Facebook3Tweet0Pin0 Presented by Olympia Youth Chorus (OYC), this show of familiar hits will feature singers from 5-18 years old. It will be held at Olympia High School’s Performing Arts Center starting at 4 p.m. OYC is a well-established, nonprofit choral education program serving young singers in the greater South Sound community, including Olympia, Lacey, Tumwater, Yelm, Rochester, Shelton and Hoquiam. For further information about the concert, or the Olympia Youth Chorus program and auditions, visit www.OlympiaYouthChorus.org.
In dramatic fashion captain Homare Sawa flicked home the tying goal off a corner in the 117th minute before Japan outscored the USA 3-1 in penalties to capture the 2011 Women’s World Cup Final Sunday in Frankfurt, Germany.The victory allowed Japan to post its first win over the USA and also becomes the first Asian nation to win the Women’s World Cup.The game was tied 2-2 after extra time.The tying marker was too much for the USA to overcome after twice taking one-goal leads.The Americans missed the first three penalties in shootout and when Saki Kumagai slotted the final shot high past goalkeeper Hope Solo the title belonged to Japan.After a scoreless first half, Alex Morgan gave Team USA a 1-0 lead as the second half substitute out ran the Japanese defence before drilling a low shot into the net past keeper Ayumi Kaihori.Japan tied the game late in the second half to force extra time when Aya Miyama scored in the 81st minute.A miscue by the American defence allowed to tap the ball past Team USA goalkeeper Hope Solo.Team USA once again took the lead when Morgan sped around the Japanese defence before sending a pinpoint cross to striker Abby Wamback who headed the ball past Kaihori.The Americans will look back at this contest as one they felt would be theirs after missing numerous chances in the first part of the game. Team USA has no less than seven great scoring opportunities but came away empty.In the bronze medal game Saturday, Sweden scored a late goal in the second half to edge France 2-1. Team Canada entered the 2011 tournament with high expectations but lost all three games to Germany, France and Nigeria. Team Canada has four years to prepare before hosting the 2015 tournament.No less than seven cities, including Vancouver, will host games.FIFA inspectors will begin examining venues in the cities involved — Vancouver, Montreal, Halifax, Ottawa, Winnipeg, Edmonton and Moncton — this fall.The next FIFA World Cup for male athletes will be held in Brazil in [email protected]
Share Facebook Twitter Google + LinkedIn Pinterest While a myriad of details are currently being hashed out in Congress regarding the tax reform measures that are a priority for the Trump Administration, there are some concerns in rural America concerning the debate. Language in the House version of the tax cuts includes eliminating the Section 199 deduction. The Section 199 deduction (or Domestic Production Activities Deduction) was enacted in 2004 as a part of the American Jobs Creation Act. The deduction applies to proceeds from agricultural products that are manufactured or marketed through cooperatives. The majority of co-ops pass the benefit through directly to their farmer members.The House has passed H.R. 1 that includes the repeal.“The deduction returns nearly $2 billion annually to rural areas across the country, so it has been good for agriculture and for rural America,” said Chris Henney, president and CEO of the Ohio AgriBusiness Association. “In its current form, H.R. 1 repeals Section 199 with the assumption that cooperatives and their members would benefit from the proposed reduction in corporate and individual tax rates. We believe that the tax cuts they are talking about would not compensate for the repeal of Section 199. The House Tax Cut and Jobs Act (H.R. 1) is intended to drive economic growth by lowering business taxes, but there have been concerns with the repeal of Section 199. Overall this tax reform is a good thing, there is just this piece that is of concern to the cooperative community, and rightly so.”Now that the Senate has taken up the tax reform discussion, Section 199 is being considered there as well.“A lot can still change with this but as of now the repeal of Section 199 is still in there and it could be very damaging for cooperatives in the state,” Henney said. “The cooperative world has certainly taken notice and they are reaching out to their delegation in the Senate across the country.”Back in October a letter was sent to Congress pointing out the potential ramifications of a 199 repeal for rural America. The letter was signed by United Producers, Inc., Ohio Dairy Producers Association, American Farm Bureau and National Farmers Union, among many others.“Ending the Section 199 deduction for agriculture would result in many individual farmers paying more in taxes, as most do not pay under the corporate code and the current proposal will not overcome the loss of the deduction,” the letter said. “In many cases farmers will see a double-digit increase in their tax bill under the proposed plan.”In addition, the National Council of Farmer Cooperatives (NCFC) expressed strong opposition to the proposed 199 repeal.“In a time of continued low commodity prices, those hardworking Americans who grow our food can ill afford for Congress to pass a law that will raise their taxes,” said Chuck Conner, president and CEO of NCFC. “It would be a strange irony indeed if a Republican Congress and a Republican president pass a law that increases taxes on America’s farmers.”
The Enforcement Directorate (ED) on Monday seized Rs 9.28 crore in cash from an alleged hawala dealer’s office in Connaught Place.The modus operandi of Pankaj Kapoor – dealer-cum-owner of CP Vault Private Limited, which offers safe deposit locker facility to customers and is located in B block – was to collect cash from the parties concerned, generate invoices of diamond sale against the money collected and transfer the funds by misusing banking channels.After a tip- off, an ED team led by assistant directors Rajeshwar Singh and Sharath Chaudhary swooped down on Kapoor’s premises in CP late in the night and recovered large volumes of unaccountedfor money that was largely in the denomination of Rs 1,000 notes.The cash was stuffed in almirahs, which were broken open.Almost four of the seized notes were found to be fake, ED sources said.The agency also got hold of incriminating documents, laptops and mobile phones from the office.According to the ED’s official release, the dealer’s total cash collection in the last two years was found to be more than Rs 2,800 crore.Kapoor has another office at Ferozeshah Road and stays in Anand Lok, South Delhi. He has around 1,200 vaults on offer to customers to keep either cash or jewellery.An ED officer said the vault facility was being misused and a case under the provisions of the Foreign Exchange Management Act had been registered against the dealer.The sleuths are also monitoring two bank accounts in the UK and Dubai, as well as the involvement of foreign companies.advertisementThe hawala dealer was involved in the import and export of diamonds.For more news on India, click here.For more news on Business, click here.For more news on Movies, click here.For more news on Sports, click here.
UEFA Champions League Feyenoord fans banned from Champions League trip to Napoli Ryan Benson Last updated 2 years ago 05:22 19/9/2017 FacebookTwitterRedditcopy Comments(0) Getty Images UEFA Champions League Feyenoord Napoli v Feyenoord Napoli The San Paolo stadium will only have home supporters for the Italian side’s clash with Eredivisie outfit, after a local government ruling Feyenoord have revealed that the local government in Naples has banned their supporters from attending the upcoming Champions League game against Napoli on September 26.Reports began to emerge last month that tickets for the Group F clash would not be made available to visiting fans, and those restrictions were confirmed by the Dutch champions on Monday.Feyenoord 11/1 to beat Napoli Article continues below Editors’ Picks ‘I’m getting better’ – Can Man Utd flop Fred save his Old Trafford career? Why Barcelona god Messi will never be worshipped in the same way in Argentina Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing A statement from the Province of Naples government stated concerns regarding clashes between rival supporters was behind their decision.Those concerns are reportedly due to the trouble between fans of Feyenoord and Roma in the 2015 Europa League, when there was a reported €1million worth of permanent damage to the 500-year-old Barcaccia fountain in the Italian capital.Due to the ruling, Feyenoord will be unable to sell tickets for the match.A statement from Feyenoord read: “Today [Monday] Feyenoord received a copy of a document issued to SSC Napoli by the Prefecture of the Province of Naples.”It confirms the decision that no Dutch fans will be welcome in Stadio San Paolo for the match between SCC Napoli and Feyenoord on Tuesday 26 September. The Italian club is prohibited from selling tickets for the match to Dutch fans.”It is much to Feyenoord’s regret that coach Giovanni van Bronckhorst’s side will not benefit from the support of the club’s fans in the second Champions League group F match.”In response to the decision of the Italian authorities, the club has decided not to organise a trip for the Feyenoord Business Club.”The squad will be accompanied by no more than a small group of officials.”
The Australian Government has come up with an exhibition