Minister Shaw Impressed with Jamaica Producers Group’s Operations at Kingston Wharves Complex

first_imgIndustry, Commerce, Agriculture and Fisheries Minister, Hon. Audley Shaw, has praised Jamaica Producers Group Limited (JPG) on the quality of its operations at the Kingston Wharves Limited (KWL) complex.Speaking with JIS News after touring the facility on Friday (August 24) withChief Executive Officer, Jeffery Hall, and other senior managers, Mr. Shaw said he was “very impressed” with JPG’s tremendous growth in agriculture and manufacturing.He said these areas are “vertically integrated”, while noting the extent of banana, cassava and plantain cultivations, among other crops, at the entity’s farms, and operations at their manufacturing facilities, in St. Mary.“So you have (the) growing (component), you have processing (aspect) and then, of course, you have this logistics hub here at Kingston Wharves, where…tremendous expansion is taking place,” the Minister said.Mr. Shaw contended that developments at the port demonstrate the value of Jamaica’s location in the region and its ability to improve its capacity and efficiency to handle international cargo, citing, as an example, JPG’s motor vehicle trans-shipment arrangements. “That is an excellent example of the kind of initiative that this company is showing and it has greater potential for growth. There are other countries that we are competing with in the region such as the Dominica Republic, Panama and Cuba. But it is clear that Jamaica is holding its own and has great potential for significant expansion,” he told JIS News.Against this background, Mr. Shaw said JPG’s growth trajectory “will mean many more jobs.“We have been discussing many other possibilities such as setting up an agro- processing centre, which will involve work with small producers who can rent space and do their own processing of foods, wines, sauces (and) spices. The possibilities are great and I commend the company and look forward to working with them,” he added.Jamaica Producers Group Limited and its subsidiaries engage in the cultivation, production, marketing, and distribution of fresh produce and juices in Jamaica and internationally.The company is also involved in logistics, transportation, port terminal operations, shipping, and land management activitieslast_img read more

Now holograms QR codes in degrees certificates UGC

first_imgNew Delhi: The University Grants Commission (UGC) has directed varsities and higher educational institutions to introduce identification mechanisms like a hologram of the institute and QR code in students’ certificates and degrees for proper verification and curbing duplication. UGC officials said that the move will also help in bringing uniformity across the higher education system in the country.”You are requested to introduce security features in mark sheets and certificates issued by the university to students enrolled in different programmes of study. Also Read – Dussehra with a ‘green’ twist”While such features are useful for the purposes of verification and curbing duplication, they also help in introducing uniformity across the system of higher education in the country,” UGC Secretary Rajnish Jain said in a letter to the Vice Chancellors. It said, “Introduce identification mechanisms like a photograph of the student, hologram of the institute and QR code in students’ certificates and degrees. “Such inscriptions will go a long way in uniformly making a student’s personal identity and other associated details,” he added.last_img read more

Natural Resources Minister fires back against critics after federal funding announcement

first_imgCALGARY (660 NEWS) – Natural Resources Minister Amarjeet Sohi has responded to some of the critics of Tuesday’s massive funding announcement for the oil and gas sector in Alberta.He actually agreed with some of his critics, specifically the idea that this funding is not a long-term solution.Just spoke with the Natural Resources Minister @SohiAmarjeet. He agreed with some critics of yesterday’s announcement that this isn’t the long-term solution to Alberta’s energy woes. He says pipelines are still the answer, but something had to be done in the meantime @660NEWS— Kenny Mason (@krmason7) December 19, 2018Sohi argues that while the regulatory processes for building pipeline projects like Trans Mountain move forward, something needed to be done in the meantime.“What we’re focused on is that as we move toward building pipelines, how (can we) support industry now,” he said.He added this funding will allow companies the breathing room they need to survive in these tough times, similar to programs which were announced with the Business Development Bank of Canada and Export and Development Canada. Sohi said close to $1.5-billion was allocated in 2016, and the vast majority of that was used by businesses because they needed that support at that time. Now, he believes companies could use that support again.READ MORE: Experts weigh in on the federal investment into Alberta oil and gas “So what we announced (Tuesday) $1.6-billion will provide loans to get those businesses through these difficult times so they can make their payroll commitments,” he said. “This support is very meaningful for those businesses who need this support.”While there was no promise to get Trans Mountain started again in 2019 he says the work is being done to get it approved and built.“I am very confident that through our consultations with Indigenous peoples that we will be able to move forward on this project,” he said.Sohi retorted against some of the criticisms of the much maligned Bill C-69 saying it will actually help projects get built.“The current system is not working, you know, you can talk all about what’s wrong with Bill C-69, but I think what we need to do is fix what’s not working now,” he said.Some industry analysts asserted this bill, as it stands, would mean no pipeline project would ever be built in Canada. He does say he is open for changes to that bill.“Are there amendments to make Bill C-69 better? Absolutely we will look at those amendments, if they’re appropriate and allow us to actually achieve what we want to do, which is create certainty for businesses, and create certainty for, you know, Canadians that we will have a process in place that allows us to grow our economy, build pipelines, at the same time protect our environment, and allow Canadians to participate in the process.”last_img read more

Video game giant Ubisoft to open Winnipeg office

first_imgUbisoft is the publisher of the Assassin’s Creed video game franchise. (Ubisoft) LEAVE A REPLY Cancel replyLog in to leave a comment Video game giant Ubisoft is coming to Winnipeg.The France-based company, best known for its Assassin’s Creed series, announced Friday morning that it plans to open an office in the city this fall.The worldwide company plans to invest $35 million in Manitoba and said the new studio will create 100 new jobs over the next five years. Facebook Login/Register With: “With its thriving local techno-creative industry and innovative university and college programs that combine creative arts, IT and computer science, Winnipeg is truly a hidden gem for talent in the video game industry,” said Darryl Long, a 15-year veteran at Ubisoft who will be managing director of the Winnipeg studio, in a news release.On its website, Ubisoft says it has the largest in-house development staff in the industry, employing more than 12,000 people.The firm already has more than 30 studios in 18 countries, including offices in Toronto, Montreal, Quebec City and Halifax.The company employs 4,500 people in Canada.The firm is known for publishing several acclaimed video game franchises, including Far Cry, Just Dance, Prince of Persia, Rayman and a series of games based on the work of author Tom Clancy.The new office will work on AAA games — an informal classification indicating the blockbusters of the game-design world, Long said. Starting Friday, it will recruit engineers, tools programmers, technical artists and other specialists to work on “world-building” aspects of game design, he added.“This is where the importance of a strong talent pipeline comes into play, and this is where Winnipeg and Manitoba have an undisputed head start,” Long said.He pointed to university and college programs that offer the “perfect mix” of creative arts, IT and computer science, and said the firm expects to attract former Manitobans who left home to work in the industry elsewhere.The company hasn’t settled on a location for its Winnipeg office yet, Long said.Move in the works for 2 yearsFriday’s news conference was also attended by Manitoba Growth, Enterprise and Trade Minister Blaine Pedersen, Winnipeg Mayor Brian Bowman and Economic Development Winnipeg president Dayna Spiring.Spiring said the move has been in the works for roughly two years.“This is a huge win for Winnipeg,” she said in the news release.Pedersen said the new office is evidence of Manitoba’s successful efforts to develop its tech pool. In its 2018 budget delivered last month, the Progressive Conservative government committed to maintaining the NDP’s interactive digital media tax credit, which provides a fully refundable income tax credit to companies that develop interactive digital media products.“We’re going to keep working together to grow our local tech pool. We’ve made great progress in Manitoba and today’s a shining example of that,” he said.center_img Advertisement Advertisement Advertisement Twitterlast_img read more

UK counterterrorism bill needs to be reexamined says UN rights expert

Martin Scheinin, the Special Rapporteur on human rights and counter-terrorism, has expressed his concern that the bill, scheduled to be voted on tomorrow in the House of Commons, could set a negative precedent for upholding human rights as it contains a key provision to extend pre-charge detention of terrorist suspects to 42 days. “The United Kingdom has a long standing history of effective human rights protection, however I am concerned that this counter-terrorism bill, if adopted, could prompt other States to copy the provision into their own counter-terrorism legislation, without reflecting on the importance of effective judicial review,” Mr. Scheinin said in a news release. He stressed in particular that the scope of judicial review needs to be broadened to secure the right of the accused to contest the substantive grounds of detention, and a real possibility of release. “I welcome the ongoing dialogue between the Government and my mandate regarding the potential impact of these measures on human rights, but I appeal to the Government to withdraw the Bill or to postpone taking a definitive decision on it,” said Mr. Scheinin, who reports to the Geneva-based Human Rights Council. Appointed in 2005, the Special Rapporteur is tasked with, among other things, identifying and promoting best practices on measures to counter terrorism that respect human rights and fundamental freedoms. 10 June 2008An independent United Nations human rights expert has asked the United Kingdom to withdraw or postpone action on a bill that would lower key standards regarding detention in the context of fighting terrorism. read more

Major pension fund investors raise concern with Barrick executive pay

Major pension fund investors raise concern with Barrick executive pay AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email MONTREAL – A group of institutional investors led by Caisse de depot et placement du Quebec have jointly expressed concern over an $11.9-million bonus awarded by Barrick Gold Corp. (TSX:ABX) to co-chairman John Thornton.The eight organizations, which include pension funds from across Canada and elsewhere, are objecting to the decision to pay Thornton a signing bonus on top of his regular compensation.The groups say that together the payments amount to a $17-million package, which they call “unprecedented in Canada.”“This compensation is inconsistent with the governance principle of pay-for-performance and is therefore disproportionate and sets a troubling precedent in Canadian capital markets,” the group said in a release.Others among the concerned investment group include the Canada Pension Plan Investment Board, the Ontario Teachers Pension Plan, the Ontario Municipal Employees Retirement System (OMERS), Alberta Investment Management Corp., the British Columbia Investment Management Corp. and international firm Hermes Equity Ownership Services.Thornton, who had been a Barrick director, was appointed co-chairman in June 2012 at the same time that chief executive Jamie Sokalsky was promoted from chief financial officer to replace Aaron Regent.In Barrick’s financial filings, the company says in addition to the $11.9-million signing bonus, Thornton received a salary of $1.4 million, $2 million in share-based awards, a bonus of $1.4 million and $213,000 in pension value for 2012.Barrick said Thornton, who used the after-tax proceeds of the signing bonus to buy 177,500 shares in the company, received the payment “in recognition of his unique skills and expertise and contributions.”The investors say they’ve expressed their concern in a letter to Barrick’s chairman and will vote against both the executive compensation resolution and the election of the compensation committee at Barrick’s annual meeting next Wednesday.The concern by the money managers follows a sharp drop in Barrick shares in recent days amid a plunge in the price of gold and a Chilean court decision last week that ordered a halt to construction at the miner’s $8-billion Pascua-Lama project due to environmental concerns.Moody’s Investors Service also placed Barrick under review for a potential ratings downgrade this week.Barrick shares, which have fallen more than 40 per cent so far this year, closed up 21 cents at $18.65 on the Toronto Stock Exchange on Friday.Work on Barrick’s Pascua-Lama project was suspended by the appeals court in the northern Chilean city of Copiapo amid environmental concerns about the construction of the world’s highest-altitude gold and silver mine.The start date for the mine, which straddles the Andean border with Argentina, has already been delayed by more than six months to the second half of 2014. Cost overruns have seen the price tag rise from $3 billion to more than $8 billion.Barrick has said it will work to address environmental and other regulatory requirements on the project in Chile, while construction will continue on the portion of the project in Argentina. by The Canadian Press Posted Apr 19, 2013 11:26 am MDT read more

Malaysian woman sues over Flight 370 more lawsuits expected

by Eileen Ng, The Associated Press Posted Feb 25, 2016 2:14 am MDT Last Updated Feb 25, 2016 at 6:44 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email KUALA LUMPUR, Malaysia – A woman who lost her husband on Malaysia Airlines Flight 370 sued the airline and the government Thursday at the beginning of an expected rush of lawsuits before a filing deadline next month on the second anniversary of the plane’s disappearance.The Boeing 777 carrying 239 flew far off course for unknown reasons after leaving Kuala Lumpur for Beijing on March 8, 2014. A search of the southern Indian Ocean has found no trace of the plane, though a wing part from the aircraft washed ashore on Reunion Island last year.A global aviation agreement sets a two-year deadline for lawsuits by next-of-kin over air accidents.Malaysian K.Sri Devi, 32, her two young sons and parents-in-law are seeking 32 million ringgit ($7.6 million) in damages over the alleged wrongful death of S.Puspanathan, due to alleged negligence and breach of contract by the airline and government agencies, lawyer Shailender Bhar said.The lawsuit also named the immigration department, as well as the civil aviation department and the Malaysian air force, for losing track of the plane.“They were waiting for some development in the search for the plane but nothing has been forthcoming so far. Everyone is hoping for some answers through the court,” Bhar told The Associated Press.An Australian-based woman, Jennifer Chong, whose husband Chong Ling Tan was on the flight, filed similar claims in Australia last week, alleging the airline was negligent in failing to ensure passengers’ safety.Lawyer Arunan Selvaraj, who said he is representing next-of-kin of 15 passengers, expects to file lawsuits next week. He said some families were negotiating for settlements with the airline but the approaching deadline means most are under pressure to file a claim.“Till today, the only thing they had found was the flaperon. There are no other clues. Many people are still in denial and there are so many theories as to what had happened. Families want justice and the truth,” Arunan said.A Boeing 777 flaperon was found on an island in the western Indian Ocean in July and confirmed by the Malaysian and French governments to come from the ill-fated flight. Drift modelling has shown that currents could have carried the debris from the southern Indian Ocean to Reunion Island in the timeframe between the flight date and when the part was found.But no other parts of the plane have been found and the current search is expected to end by June or July.An international aviation agreement allows each next-of-kin of passengers on board a plane up to $175,000 in compensation, but a plaintiff filing a lawsuit can seek more.Arunan said next-of-kins, however, face hurdles in filing lawsuits.The airline holding company, Malaysia Airlines Systems (MAS), was dissolved in a massive restructuring last year and was replaced with a new entity, Malaysia Airlines Berhad (MAB).Next-of-kins must first seek consent from the administrator of MAS to sue the airline.The administrator, Mohammad Faiz Azmi, said in a statement Wednesday he had given consent to 96 next-of-kins and that he had not rejected any requests.He said 42 collected “full compensation” so far, without giving details.Arunan, however, said conditions were attached to the consent given to some of his clients, including not naming MAB or any third parties in their lawsuit.“Why is the administrator protecting third parties? What happens if the civil aviation department or the air force was found to be at fault and we didn’t name them in the suit?” he said.Some next-of-kins are also concerned that by not naming MAB, they may not receive payment even if they win the suit as MAS may not be able to pay, he added.Voice 370, a next-of-kin support group, said in a statement this week that all monies, assets and airline business have been transferred to MAB and there may be nothing left in MAS to sue them. It called the move to shield the airline a “despicable act of irresponsibility and cowardice.” Malaysian woman sues over Flight 370, more lawsuits expected read more

A bittersweet ending to college

I never thought a football game could make me sad. I certainly never expected to have tears in my eyes at the end of one.I’ve experienced various sentiments at games — excitement, boredom, exhaustion, disappointment — but never before have I felt any degree of sorrow, even when my team loses. Instead of crying, punching walls or getting in fights at bars the way that some Ohio State fans do, I get over losses pretty quickly. I like football, but I just don’t think it’s that big of a deal.The game against Iowa was my last as an OSU student and the full realization of this happened to hit me during the fourth quarter of the game.Things started out the same as any other OSU game I’ve attended. A super-drunk frat boy fell flat on his face and had to be picked up by four of his friends right outside the stadium. Everyone sitting around me was drunk, yelling obscenities and being generally ridiculous. And of course, strangers high-fived excessively through the whole game.I got tired of standing after the first quarter, as usual. A drunk kid near us engaged my boyfriend in captivating conversations about John Goodman, hot girls and whether he thought Chinese food could give you AIDS.OSU fans are crazy and have never failed to bring me amusement. It can be annoying at times, like when a drunk kid keeps running in to you or worse, vomits nearby, or when there is a serial farter sitting by you.But Saturday was different for some reason. I wasn’t annoyed, and when the game went into overtime and the cheering in the stadium was at its loudest, I couldn’t help but get nostalgic. I’d never seen an OSU game go into overtime before and I’ve only seen a few close games in my four years here.The four years of college that I thought would never end are about to. I have one quarter left and this exciting game was my last as a student.Looking around and seeing the thousands of people in red not only made me proud to be an OSU student, but grateful for the experience I’ve had at OSU and thankful I made the decision to come here four years ago.The fact that anywhere you go in the country, someone will yell “I-O!” back to your “O-H!” is such an awesome thing. There are things about OSU that can’t be experienced anywhere else, and Saturday I got to really feel that and be a part of one such experience.I didn’t come to OSU because of the football team, and it’s not the most important thing about college for me. But it is one part of it, and Saturday, for one last time, I could get that feeling of pride that can only come from being in the stands at an OSU game.It sounds cheesy, but I couldn’t help but think of other games I’d gone to, and with that, about the rest of my four years at OSU. I’m lucky for the time I’ve had here, for what I’ve learned and how I’ve grown as a person.I found myself tearing up for a split second. It was bittersweet; the win was exciting but the end of the game signaled the last time, at least for awhile, that I would be in the stadium.Drunk, ridiculous fans are all part of an OSU game, just like having to stand for the whole time, paying $50 for a soft pretzel and being crushed by the crowds of people at the end.I wouldn’t trade my time at OSU for anything, and though football doesn’t mean as much to me as it does to some at OSU, the games and all that goes along with them are a big part of the OSU experience.The Iowa game made me realize that and it made me realize I was happy and fortunate to be a Buckeye. read more

Rotherham grooming gang jailed as judge criticises ineffectual authorities for not protecting

A grooming gang was jailed for sexually abusing vulnerable young girls in Rotherham yesterday, as a judge criticised the “totally ineffectual” authorities for failing to protect the victims. Seven girls, all under 16 at the time, were plied with alcohol and drugs and threatened with violence by five predatory men who used them as “sexual objects” between 1998 and 2002, Sheffield Crown Court heard.Some of the victims were raped by multiple gang members in the South Yorkshire town and the surrounding areas, with one telling jurors: “They took my childhood away”.Judge Michael Slater said that after presiding over the five-week trial, he was “quite satisfied” that the “relevant authorities” in Rotherham were aware of how vulnerable girls were being targeted for sexual exploitation. He described their inaction as a “lamentable state of affairs”, saying they were at best “totally ineffectual” and, at worst, “wholly indifferent”, the BBC said. Grooming gang members Masaued Malik (left) and Sharaz Hussain (right), who were jailed for sexually abusing young girls in Rotherham, South Yorkshire. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Aftab Hussain, 40, was jailed for 24 years after being found guilty of two counts of indecent assault. Sharaz Hussain, 35, was jailed for four years after being found guilty of one count of indecent assault.Masaued Malik, 35, was jailed for five years after being found guilty of one count of indecent assault.A fifth man, who cannot be named for legal reasons, was jailed for 10 years after found guilty of indecent assault and two counts of child abductionA total of 20 men have now been convicted as a result of Operation Stovewood and the NCA has said it believes 1,510 people were victims in Rotherham. The case was the latest to arise out of Operation Stovewood – the massive National Crime Agency (NCA) investigation into the sexual exploitation of teenagers in Rotherham between 1997 and 2013.Abid Saddiq, 38, described as a “cunning and determined sexual predator”, was jailed for 20 years after being found guilty of two counts of rape, five counts of indecent assault and two counts of child abduction. Grooming gang members Masaued Malik (left) and Sharaz Hussain (right), who were jailed for sexually abusing young girls in Rotherham, South Yorkshire.Credit:NCA read more

Region 10 aiming for smart classrooms in 2019 solar panels to

Regional Education Officer Region 10(ag) Keane Adams.Starting in 2019, the Region Ten Department of Education will be focusing on the green initiative and bringing schools on board to rely on renewable energy.Regional Education Officer of Region 10 (ag) Keane Adams was quoted by the Department of Public Information as saying that  solar panels will be installed in more schools in the new year.According to Adams, another transition the department will be making is to transform traditional chalk and board classrooms into smart classrooms which will revolutionize learning to meet the standards of a technological educational sector.“That is one criterion we are trying to fill, come 2019, we will have more solar energies in all schools and in 2019 too, we will have smart classrooms where children will be better able to interact, it will no longer be chalk and talk, so we are getting there,” Adams said.For this new term, most schools were given a facelift, allowing the children to commence the new school term in a cleaner, brighter and more conducive environment. The focus, according to Adams, was the beautification of sanitary blocks, the physical infrastructure and the overall aesthetics of the school, so that children, as well as teachers, can feel more comfortable and learning can be done more effectively.The schools that would have seen extensive refurbishing are the South Amelia’s Ward, Pine Street, Republic Avenue, Kwakwani Water Front, Kwakwani Park, Retrieve Nursery Schools, the Mackenzie and Watooka Day Primary Schools and the Christianburg Wismar and the Linden Foundation Secondary School as well the Mackenzie High School amongst others. Refurbishing works include tiling, painting, ceiling, replacement of equipment and furniture and other improvement works to the physical structure of the school, DPI said. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedRegion Three has done well­ – MP AdamsDecember 7, 2016In “Politics”Region 2 Admin launches truancy campaign; 40+ children back in schoolFebruary 5, 2019In “latest news”North Ruimveldt Secondary upgraded to ‘A’ list schoolFebruary 28, 2015In “Business” read more

Smallest boy who was born the same weight as an apple set

first_img Ryusuke Sekino, a 5-month-old boy who is the world’s smallest boy, pictured with his parents Image: Kyodo News/PA Images 20 Comments Apr 19th 2019, 1:34 PM Image: Kyodo News/PA Images 48,498 Views By Stephen McDermott THE WORLD’S SMALLEST baby boy, who was born in October in Japan weighing as much as an apple, is ready for the outside world, doctors have confirmed.Ryusuke Sekiya was delivered via emergency Caesarean section, after 24 weeks and five days of pregnancy, as his mother Toshiko experienced hypertension.At 258g, he was even lighter than the previous record holder, another Japanese boy who weighed just 268g when he was born last year.That baby was discharged from a Tokyo hospital in February.When Ryusuke was born on 1 October, 2018, he was 22cm tall and medical staff kept him in a neonatal intensive care unit.They used tubes to feed him, sometimes taking cotton swabs to apply his mother’s milk to his mouth.Nearly seven months later, he has grown 13 times in weight, now weighing over 3kg.He will be released from Nagano Children’s Hospital in central Japan over the weekend.“When he was born, he was so small, and it seemed as if he would break with a touch. I was so worried,” his mother Toshiko told reporters.“Now he drinks milk. We can give him a bath. I am happy that I can see him growing,” she said.The smallest surviving girl was born in Germany in 2015 weighing 252g, according to a registry put together by the University of Iowa of the world’s tiniest surviving babies.The survival rate for tiny babies is substantially lower for boys than for girls.With reporting from – © AFP 2019 Share Tweet Email4 center_img https://jrnl.ie/4599833 Short URL ‘Smallest’ boy who was born the same weight as an apple set to leave Japanese hospital Ryusuke Sekiya was just 258g when he was born last October. Friday 19 Apr 2019, 1:33 PM Ryusuke Sekino, a 5-month-old boy who is the world’s smallest boy, pictured with his parents Tweet thisShare on FacebookEmail this articlelast_img read more

Law firm BLM to introduce online retirement planning tool for staff

Law firm BLM to introduce online retirement planning tool for staff

first_imgLaw firm BLM is to introduce an online retirement planning tool for its 1,700 employees.The tool, provided by Portus, enables staff to calculate their retirement income and see how this could change in different scenarios, helping employees to plan for their retirement.The launch follows a review of BLM’s benefits package and the appointment of Portus as the organisation’s employee benefits and pensions consultancy. This will also see BLM introduce a wider suite of online benefits.Louise McCarthy-Teague (pictured), human resources director at BLM, said: “We had a thorough review of not only the benefits we were providing but also how we offered a diverse and savvy workforce a forward-thinking and creative package.“We have also worked with Portus to introduce RetirePort, [its] online retirement planning tool, to our whole workforce. This complements our employee engagement work by ensuring our employees have access to financial guidance and education in relation to the ever-changing pensions landscape.”last_img read more

Government consults on draft regulations for bulk DC pension transfers without member

Government consults on draft regulations for bulk DC pension transfers without member

first_imgThe Department for Work and Pensions (DWP) has launched a consultation on draft regulations to simplify procedures around the bulk transfer of defined contribution (DC) pension arrangements without member consent.The consultation, which was launched on 26 October 2017 and will run until 30 November 2017, seeks views on the draft Occupational Pension Schemes (Preservation of Benefits) (Amendment) Regulations 2018.The regulations propose that the need to obtain an actuarial certificate and the scheme relationship condition should both be removed for DC to DC transfers where there are no potentially valuable guarantees or options to be assessed. The regulations also recommend that the automatic-enrolment default fund charge cap protections should be extended to members who are transferred without consent.The draft regulations also explore ways to maintain member protections. This includes recommendations that pension trustees review the receiving pension scheme if the transfer is not into an authorised scheme, and that trustees should consult with an independent professional. If the transfer is to a scheme authorised under the master trust regime, trustees will still have to maintain their fiduciary duties to act in the best interests of members. The DWP is considering further guidance to be issued on this point.The DWP expects the draft regulations to come into force from 6 April 2018, subject to Parliamentary approval.The draft regulations do not cover defined benefit (DB) pension schemes, DC schemes which include guarantees, orphaned schemes or stakeholder schemes.The consultation is in response to a call for evidence that was conducted between December 2016 and February 2017 by the DWP. This collected feedback on how the provisions on bulk transfers without member consent from DC pensions, in particular from occupational and stakeholder pension schemes, could be improved. The call for evidence received 45 responses.The consultation is seeking views from pension industry bodies and professionals, trustees or scheme managers, pension scheme members and beneficiaries, employers and representative organisations, and any other interested parties.Sharon Bellingham, senior consultant at Hymans Robertson, said: “We very much welcome this consultation and few would argue that it’s long overdue. It’s been quite clear that the prevailing requirements are not suited to 21st century DC to DC change; they are very much at odds with the current pensions landscape and direction of travel, an unnecessary hangover, albeit well intended, from the DB world. Where a change is straightforward, technical actuarial input isn’t necessary; it adds costs and an additional layer of complexity.“However, it’s key that we avoid a free for all. It’s imperative that members’ interests remain protected and are at the heart of decision making. I would expect the further guidance that is due to follow to be in the spirit of assessing value for members. Giving trustees the ability to adopt a pragmatic, meaningful and holistic approach will ensure that decisions are very much aligned to members and will support best possible outcomes at retirement.”last_img read more

Japans TDK corp to acquire Swiss Micronas Semiconductor in 215 million deal

first_imgJapan’s TDK Corp said on Thursday it plans to acquire Micronas Semiconductor Holding AG MASN.S for up to 214 million Swiss francs ($215 million).TDK said it would offer 7.5 francs for each of the Swiss company’s shares, and that Micronas’ board had approved the plan. It expects the deal to be completed on or around 10 Feburary next year, it said in a statement.last_img

Selena Gomez is getting married to this Hollywood superstar

first_imgThe Dead Don’t Die follows the story of a small America town which wakes up to a sudden zombie attack. The story features three bespectacled police offers and a mortician with a love for drag makeup and sword fighting who joins the cops to survive the endless nights.The horror-comedy movie is slated to release in June but was released earlier this week during the 2019 Cannes Film Festival. The film sits on an approval rating of 55 percent on the Rotten Tomatoes. The website’s consensus reads as, “The Dead Don’t Die dabbles with tones and themes to varying degrees of success, but sharp wit and a strong cast make this a zom-com with enough brains to consume.”In the film, Selena Gomez plays the role of Zoe.Meanwhile, Selena Gomez had several ups and downs in 2018. After Justin Bieber’s marriage with Hailey Baldwin, there were several reports that Selena is heartbroken. However, that was never the case. The acclaimed singer recently discussed the effects of social media and how the access use of it is affecting everyone. Selena GomezSelena Gomez Official Instagram (selenagomez)Justin Bieber’s former girlfriend Selena Gomez is teasing about having a new man in her life. The acclaimed singer-actress recently shared pictures of the cast of her new movie, The Dead Don’t Die and even joked that she and Bill Murray are getting married.Selena Gomez and Bill Murray are going to star in the upcoming zombie comedy movie, The Dead Don’t Die. Selena Gomez took to Instagram to share several adorable pictures.In the Instagram post, Gomez shared solo pictures as well as with the cast of the zombie comedy movie. In her post, she included a picture of herself with Bill Murray and joked about getting married.”My first time in Cannes! I’m so honored to have been a part of this movie with Jim and the whole cast,” Selena wrote. “By the way Bill Murray and I are getting married.”Fans should note that Selena Gomez is not getting married to Bill Murray — it is that her pictures are so adorable and candid, that she teased her millions of fans with the caption.The upcoming zombie comedy movie, The Dead Don’t Die is written and directed by Jim Jarmusch. The 66-year-old Jim is famous for directing acclaimed movies like Down by Law, Coffee and Cigarettes, and Only Lovers Left Alive.Check out the adorable pictures shared by Selena Gomez on her Instagram account:last_img read more

The Herd Hierarchy through NFL Week 14

The Herd Hierarchy through NFL Week 14

first_imgShot 1 – Rodgers has a ton of confidence in Jordy Nelson 1v1, whether it’s fades, back shoulders or tight windows. Contested catches galore pic.twitter.com/xQVM7OUuTs— Fran Duffy (@fduffy3) November 23, 2016 RT ChatSports: And the #Falcons take advantage. On the very next play, Matt Ryan hits Justin Hardy for the TD. #Ri… pic.twitter.com/cWK9f8An8V— Green Machine (@99RaiderNation) December 11, 2016 Every Tuesday, after all the NFL games have been played, it’s time for The Herd Hierarchy, Colin’s power rankings of his Top 10 NFL teams.This week, the Packers and Aaron Rodgers continue to rise in the hierarchy, as their hot-streak continues. The Seahawks take a step back after getting pounded in Lambeau with a struggling Russell Wilson. Dallas and New England continue to battle at the top, but the Cowboys are struggling and the Patriots will have to win from here without Gronk.Here’s the Herd Hierarchy through 14 weeks of the 2016 NFL season.Atlanta Falcons – The Falcons just destroyed the Rams and put the final nail in Jeff Fisher’s coffin. Julio Jones has been out, but the Falcons still lead the NFL in yards per play (6.46), and touchdowns of 20+ Yards (15 – tied 1st). The defense has improved in the second half. Vic Beasley leads the NFL in Sacks since Week 5 with 12.5, and they have 10 takeaways over their last 5 games, after just 8 in their first 8. Atlanta has flaws, but they’re good enough to crack the Top 10. Oakland Raiders – The Raiders were handled soundly by the Chiefs last Thursday, but Colin isn’t selling the Raiders offense and Derek Carr. Carr leads the NFL with a 113.8 Passer Rating in the 4th quarter. Amari Cooper and Michael Crabtree are 1 of 2 receiving duos with 70+ Catches and 800+ receiving yards on the year. The Raider defense looks better than it did to start the year. They lead the NFL in turnover differential at +15, and Khalil Mack has a sack in 8 straight games. Mack is the first player since Jared Allen in 2011 to have a sack in 8 straight games in a single season. New York Giants – The Giants are 9-4, despite critics, including Colin, not buying them as a legitimate contender. After beating the Cowboys for the second time this year, it’s time to give them their due in the hierarchy. Since Week 6, the Giants have the best 3rd down defense, the best scoring defense, the 2nd most sacks, and are tied for 4th in takeaways. Eli Manning can be erratic, but he has 5 game-winning drives in the 4th quarter or overtime this season, which is the 3rd most in the NFL. If he gets the ball to Odell Beckham, they win. New York has won 5 straight games when OBJ scores a touchdown. ?? Odell Beckham’s touchdown is the difference. Cowboys lose their first game since Week 1.#DallasCowboys #GiantsPride #NYGvsDAL pic.twitter.com/B8nDVp20oI— The Fanatics View (@thefanaticsview) December 12, 2016 Here Come The #Ravens: Kenneth Dixon 8 yard TD pass from Joe Flacco. #BALvsNE pic.twitter.com/m6JtVBBxRE— SotoSports Tv (@SotoSportsTv) December 13, 2016 Advertisement Seattle Seahawks – The Seahawks got picked apart by Aaron Rodgers in Lambeau last week. The absence of All-Pro safety Earl Thomas was noticeable in the secondary. Even after getting 38 dropped on them by the Packers, Seattle still has the 3rd best scoring defense in the NFL. Russell Wilson has been atrocious lately. In his last 3 games, Wilson has 2 touchdowns against 8 interceptions, and a passer rating of 53.3. Running back Thomas Rawls has provided a spark in the running game. Since he returned in Week 11, the Seahawks are averaging 163.8 rushing yards a game, after averaging less than 78 yards per game over their first 9. New England Patriots – New England dominated the Ravens last night, in their best game in a month. The Patriots are 8-1 since Tom Brady returned from suspension. Brady leads the NFL in touchdown-to-interception ratio, passer rating, and completions of 25+ yards. The Patriots have a league-low 7 giveaways on the season. Since Gronk went down for the year, rookie Malcom Mitchell has become his new favorite target. Mitchell has 21 Receptions for 263 Yards and 4 Touchdowns over his last 4 games, after just 7 catches for 95 yards over his first 8. Green Bay Packers – The Packers are hot, and have a shot to win a week NFC North. Over his last 4 games, Aaron Rodgers has completed 70% of his passes, has 10 touchdowns, 0 interceptions, and a passer rating of 121.1. He has 4 straight games with a 100+ passer rating after having 4 in previous 26. Devante Adams and Jordy Nelson have the most touchdown catches of any wide receiver duo in the league (21). The Packers defense is healthy again, and have allowed 12 points per game, averaged 3 sacks, and nearly 3 takeaways a game during their current 3-game winning streak.center_img Our very own Quinten Rollins picked off Russell Wilson in the @Packers‘ win over the Seahawks.#RiseUpRedHawks #GraduatingChampions pic.twitter.com/xVN76wGtjU— Miami Football (@MiamiOHFootball) December 12, 2016 El TD que selló la victoria de anoche, enorme @ChrisHogan_15! pic.twitter.com/OHaAWNqbT3— New England Patriots (@PatriotsMexico) December 13, 2016 Tyreek Hill is literally not catchable. 78 yd punt return for his SECOND TD of the game. 21-3 KC.???? #OAKvsKC #ChiefsKingdom #TNF pic.twitter.com/ZX8D0kuJ1w— FanDuel (@FanDuel) December 9, 2016 Pittsburgh Steelers – The biggest question mark for the Steelers this year has been defense, but since Week 11 they have the league’s best scoring, total, and rushing defense, and the best red zone defense in the AFC this year. Le’Veon Bell leads the NFL with 161.6 scrimmage yards per game. His 298 Yards in Week 14 were more than the Bills had as a team. All-Pro wideout Antonio Brown ranks in the top 3 in the NFL in receptions, receiving yards, and receiving touchdowns. Big Ben is always hard to beat in December, and he has weapons. Khalil Mack did it again. This time, @52Mack_ strips Alex Smith to give the #Raiders great field position. Mack is a damn monster. pic.twitter.com/HHGUWNfxmm— Chat Sports (@ChatSports) December 9, 2016 Kansas City Chiefs – After beating the Raiders on Thursday, the Chiefs have won 20 of their last 23 games and have an inside track for the AFC West division title. The Chiefs have 25 Takeaways this season, which is tied for the most in the NFL. Since returning from injury in Week 11, Justin Houston’s 4.5 Sacks lead the AFC. Critics say they can’t win with Alex Smith, but since coming to Kansas City in 2013, only Tom Brady and Russell Wilson have won more games than Smith. Tyreek Hill has provided explosive plays for KC. He ranks 4th in the league in all-purpose yards (1,476), and is the only player in the NFL with a rushing, a receiving, a punt return, and a kick return touchdown. The Chiefs are for real, and will be a threat come playoff time. Baltimore Ravens – The Ravens looked outmatched against the Patriots last night, but they still have the 2nd best scoring and total defense in the AFC, are the only team in the NFL allowing fewer than 80 rushing yards a game, and are tied for the league lead with 25 takeaways. Over his last 6 games, Joe Flacco is completing over 70% of his passes for over 290 yards a game with a Passer Rating of 96.9. PICKED! Janoris Jenkins intercepts Dak Prescott! #GiantsPride #NYGvsDAL pic.twitter.com/5yuwDZqWy2— Chat Sports (@ChatSports) December 12, 2016 Dallas Cowboys – Dallas has had a rough couple of games, but Colin is keeping them in the top spot. They have the NFC’s best rushing offense and defense. After going 4 straight games without a takeaway, the Cowboys have 4 over their last 2. The Cowboys average the 2nd most time of possession in the NFL, are tied for the 2nd most 10-play drives, with 15 touchdowns on those drives. Dak has struggled over his last 3 games, but the Cowboys style of play will translate well to the playoffs. The Cowboys keep the top spot.last_img read more

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