PLSA delivers guide to ‘new discipline’ of implementation disclosures

first_imgThe Pensions and Lifetime Savings Association (PLSA) has produced a guide to new investment disclosure duties for UK pension schemes, encouraging them to produce meaningful disclosures rather than just focussing on compliance.Under new rules coming into force in October, defined benefit (DB) and defined contribution (DC) schemes face new requirements to publicly disclose, in an “implementation statement”, their investment and responsible investment activity over the previous year.The requirement is for these statements to set out how and to what extent their activity followed the intent captured in the scheme’s statement of investment principles (SIP), which since a year ago must address trustees’ policies on financially material environmental, social and governance (ESG) factors.Caroline Escott, outgoing senior policy lead on investment and stewardship at the PLSA, said the implementation statements were “a very new discipline for trustees”, and “will require them to carefully consider which investment decisions and activities have or will have the greatest impact on their investment objectives”. The requirements differ for DC/hybrid and DB-only schemes, although common to both is a requirement to disclose their voting and engagement behaviour. Sarah Wilson, founder and CEO of proxy voting agency Minerva, said this was “a once in a generation shift in legal responsibilities” for trustees.The PLSA’s guide sets out general principles as well as more detailed considerations for trustees to produce “relevant, succinct and meaningful statements”, with the association noting that “policymakers, the public and scheme members will be paying close attention” to the content of the implementation statements.Be clear on vote ‘ownership’On voting disclosures, the PLSA advises trustees to be clear about who “owns” the vote in their particular investment arrangements and along their voting chain.It said it recognised that schemes with investments in pooled funds would have a different scope for influence compared with those with segregated mandates, but that it believed the former could still “exert their influence and seek to challenge their managers on their (engagement) and voting activity”.The PLSA also said the avenues pension plans had for influencing investment, and particularly voting, decisions undertaken on their behalf would continue to change.Trustees should keep an eye out on developments in the Law Commission’s work on intermediated securities, the HM Treasury’s asset management taskforce work on stewardship, and the EU sustainable finance initiative, among other areas, the association said.“This guide aims to cut through some of the confusion around implementation statements”Laura Myers, chair of the voting and implementation statement working groupThe PSLA’s guide is the product of a new cross-industry working group and a stakeholder group comprised of representatives from government, regulators and industry organisations.“This guide aims to cut through some of the confusion around implementation statements and give practical steps on how to collate this information and communicate it to stakeholders,” wrote Laura Myers, chair of the working group and a member of the PLSA policy board, in the introduction to the guide.“We believe that the principles underpinning the implementation statements will help focus schemes on their long-term investment goals. Getting these disclosures right will help schemes become more sustainable, improve stakeholder relations and ultimately make better investment decisions that have the interests of members and savers at their heart.”The cross-industry group is also working on a voting template for asset managers to fill in, and the PLSA is encouraging trustees to use this. IPE understands the template and guidance are being finalised and will be launched within the next few weeks.The PLSA’s guide to the implementation statements can be found here.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

Chess Olympiad gold may make govt look at players positively: V. Anand

first_imgCHENNAI: Former world chess champion V. Anand on Monday said India winning the gold in the FIDE Online Olympiad will have a positive impact on the way the central government looks at the game and the players.He also categorically said the Indian team was ready even for a replay of the second match against Russia in the FIDE Online Olympiad. The Indian team had an interaction with the media online. Speaking to reporters, Anand said the last few years saw a change in the attitude of Ministry of Sports towards the chess players as they didn’t get any awards (Arjuna or Dronacharya) for doing well in international competitions. He said absence of awards may be due to various issues and also the All India Chess Federation (AICF) had some difficulties. Anand said the situation could be changed or reset not by writing long letters to the editor but by having good results like this – winning the Online Olympiad medal. Referring to the Olympiad gold medal win Anand said this may have a positive impact and the government will look at chess positively. On Sunday, the Indian team was congratulated by Prime Minister Narendra Modi, Sports Minister Kiren Rijiju, Finance Minister Nirmala Sitharaman, Congress leader Rahul Gandhi and others. According to K. Humpy, the Olympiad victory will prompt may youngsters to take to chess. India and Russia were declared as joint Olympiad gold winners on Sunday by FIDE President Arkady Dvorkovich after two Indians – Nihal Sarin and Divya Deshmukh – were disconnected from the server due to internet outage. “We did nothing wrong. We were ready for anything. We were ready to play two games or even six games. FIDE looked at the big picture,” Anand said. According to FIDE the match would have gone for tie-break based on the board positions of Nihal versus Andrey Esipenko and Deshmukh versus Polina Shuvalovaat the time of internet outage, but that did not happen due to internet disconnection. As for the mixed team format – two men and women players, one junior girl and boy – Anand said he was happy with it so that India can show its strength. He said the whole team chipped in for the victory. The crucial match was against China and the tie-break game against Poland. Anand said the Olympiad gold will be a special gold in his cabinet. IANSAlso Watch: Power Lines or Death Traps?last_img read more

Hiring freeze finally comes to an end

first_imgUSC’s university-wide hiring freeze finally came to a conclusion on July 1, but officials say that departments will still be carefully evaluating the need to create new positions from here on out.The university initiated the freeze in 2008 as a financial buffer in the slowing economy. The freeze was originally scheduled to end in June  2009, but university officials announced an extension of the freeze last year.“The hiring freeze was a pre-emptive move to make sure we wouldn’t be in a position where we would have to cut out any of our programs,” said Robert Cooper, vice provost for planning and budget.Before the freeze, departments could create new staff and faculty positions at their own discretion, as long as they had the funds to do so.Anticipating that families of university employees could be impacted by the economy, USC initiated the freeze as a precaution to prevent any dramatic layoffs or other cutbacks during the economic recession.“The financial issue for USC was minimal,” Cooper said. “We did not see a reduction in the number of students, so in terms of tuition revenue, we weathered the storm.”The university implemented a new hiring process that asked each department to closely analyze new positions and streamline any administrative work during the freeze. Hiring requests were handled on a case-by-case basis within each department, before being sent to the university and then to the provost’s office for a final decision.“Deans were to look at the positions and they were asked to only post the critical positions,” Cooper said.Though the freeze is now over, the university will continue to follow the hiring procedures enacted for the last two years. The process requires analysis of each new position and top approval for those positions, Cooper said.According to Cooper, the administration wanted to ensure that the student experience at USC would not change if the university experienced any sort of financial difficulty.“It was not an across the board, ‘no exceptions made’ type of freeze,” Cooper said. “We wanted to make sure what we did didn’t impact the students.”Geneva Overholser, director of Annenberg’s School of Journalism, said her department was able to make hires during the freeze when it was necessary.“We are lucky since many of our fellow journalism schools, especially state schools, were not able to hire faculty,” Overholser said. “We have been very blessed with wonderful faculty hires we made during the freeze and I am grateful to the university for keeping the faculty lines open to hiring.”Samantha Klein, a senior majoring in fine arts, said she did not notice any changes because of the hiring freeze.“As a student, the only reason I knew there was a hiring freeze was because I heard people where I work in [Information Technology Programs] talking about it,” Klein said. “Other than that I didn’t notice anything, especially since the school stepped up the off-campus security with all the new guards.”USC is currently looking to create 550 new positions.last_img read more

Quarterback battle heats up as spring practice ends

first_imgIn a spring fraught with injuries and difficulty, the USC football team held its final spring practice before its annual spring scrimmage at the Coliseum on Saturday.Putting in work · Sophomore quarterback Cody Kessler (above) stayed after practice at Howard Jones Field on Thursday to get some more throws in before Saturday’s scrimmage at the Coliseum. – Joseph Chen | Daily Trojan The Trojans practiced without kneepads for the second consecutive practice, but the diminished physicality didn’t detract from the intensity and speed of the drills.Junior wide receiver Marqise Lee again had a field day working out against the young Trojan secondary, making his presence known through a variety of dazzling catches including a leaping two-handed grab amid a shroud of defenders in the end zone during situational drills.The battle at quarterback heated up as redshirt sophomore quarterbacks Max Wittek and Cody Kessler looked neck and neck during passing drills. The two quarterbacks had somewhat differing approaches to Saturday’s exhibition matchup; predictably, incumbent starter Wittek appeared nonplussed and determined about his performance.“Obviously it’s a shorter scrimmage, but [I’ll try to] make the plays that are there, make the open throws and don’t try to force anything,” Wittek said. “I don’t have to go out on the last day [of spring practice] and make a crazy splash in the competition or anything. I think the real body of work is the resume that I’ve put on film over the past 14 practices.”Though Wittek’s throwing mechanics and ball velocity remain impressive, the redshirt sophomore has taken to improving other areas of his play this spring.“Decision-making and timing, making those decisions in a quick manner,” Wittek said. “Not to throw it every play — the big play’s not going to be made on every down. To take off and run and check it down if I need to.”Conversely, Kessler stuck around following practice and got in some practice snaps and extra throws on a practically deserted Howard Jones Field. Theoretically speaking, it is Kessler who has the most to gain from a strong showing Saturday. Though Wittek has made an impression in starts against Notre Dame and Georgia Tech last season, Kessler and his play have remained largely out of the auspices of the general public. Saturday will be his first chance to show the public at least a glimpse of his capabilities.“You come in ready to compete,” Kessler said. “Even though it is intersquad, you approach it like it’s game day. It’s Saturday, it’s in the Coliseum; we’re going to have fans there; it’s going to be nice to play in front of them.”Head coach Lane Kiffin was pleased, in particular, with his quarterbacks’ ability to take care of the ball — a positive sign after the Trojan quarterbacks combined for 20 interceptions last season.“[The quarterbacks] have really limited turnovers in the Coliseum this spring, which is very different than last spring … [considering] how much we were turning the ball over especially at quarterback, so it’s been really good,” Kiffin said.Saturday’s exhibition at the Coliseum, which begins at 1 p.m., probably won’t offer too many definitive answers regarding the depth chart — Kiffin’s post-spring depth chart will be released April 15 — but it will at least give the Trojan faithful and the public at large a clearer picture of the quarterback race.last_img read more

Syracuse basketball opponent preview: What to know about No. 7 seed Dayton

first_imgThe Dayton Report: There are many of the same players that Dayton had on that 2014 team still on the roster — including four of its top five current scorers. The Flyers dominated the A-10 for most of the season but has lost four of its past eight games, including a three-point loss to St. Joseph’s in the conference tournament semifinals.Dayton has posted wins this season over Monmouth, Iowa, Vanderbilt and St. Bonaventure. Its worst losses this season were on the road at La Salle and at home against Rhode Island. It has the 13th most efficient defense in the nation, per and is one of the best defensive rebounding teams, a strength that has hurt Syracuse in recent games against Pittsburgh and North Carolina. The Flyers do turn the ball over on nearly 19 percent of their possessions, which is above the Division I average, and don’t get a ton of offensive rebounds.MORE COVERAGE:Breaking down the Syracuse-Dayton matchupDougherty: One of Syracuse’s defining characteristics will no longer be enoughSyracuse basketball roundtable: SU-Dayton and Trevor Cooney’s legacy How Syracuse beats Dayton: Syracuse has to be able to crash both the defensive glass, and the offensive glass against Dayton. If it can keep the rebounding battle even and make some of its 3-pointers, it will be in pretty good shape. The last time the two teams met, Syracuse was empty from behind the arc and that cannot happen again. Trevor Cooney needs to awake from his stupor and so does Tyler Roberson. The Flyers might be struggling just like the Orange, but they’ve won games this year on the defensive end and on the glass, and Syracuse can’t play the slow type of game that Dayton has forced its opponents to play all season. Published on March 16, 2016 at 12:51 am Daily Orange File Photo Facebook Twitter Google+ Stats to know 8 — times this season that Dayton has won a game while holding opponents to under 60 points.10.8 — percent of 2-point shots that Steve McElvene blocks when he’s in the game, good for 14th in Division I, per Kenpom.4 — Four of Dayton’s top five scorers were a part of the 2013-14 team that beat Syracuse in the NCAA Tournament.Player to watch: Dyshawn Pierre is one of Dayton’s most high-volume scorers and also was its leading scorer against Syracuse in 2014. He posted 22 points in Dayton’s last game against St. Joseph’s. He may also be the guy with the ball in his hands late in this game if it’s close, since he’s a near-85 percent free-throw shooter, which is definitely rare for his big-man stature. Comments Daily Orange File Photo Syracuse (19-13, 9-9 Atlantic Coast) opens up its NCAA Tournament run with Dayton (25-7, 14-4 Atlantic 10) on Friday in St. Louis. The Orange got into the Tournament as a No. 10 seed, overachieving on the projections that had it as either one of the last four teams in or completely out.After missing out on the NCAA Tournament last season, Syracuse is back. And here is everything you need to know about the No. 7 seed Flyers.All-time Series: Friday will mark the fourth time that the Flyers and Orange have met. Syracuse is 1-2 and hasn’t won since the inaugural meeting in 1975.Last time they played: The two teams haven’t met since March 22, 2014. That also happened to be in the Round of 32 in the NCAA Tournament, when the No. 3-seeded Orange lost a 55-53 decision to No. 11-seed Dayton. Dyshawn Pierre and Jordan Sibert were the only players in double figures for the Flyers. And while Tyler Ennis led all scorers with 19 points, his buzzer-beating game-winning shot was off the mark and it ended an SU season that started out 25-0.“When it left my hands it looked good,” Ennis said after the game. “Up until I saw it bounce out, I thought it was going to bounce back in.”AdvertisementThis is placeholder textSyracuse shot 0-of-10 from 3 in that game and was outrebounded. The Flyers shot better, but still the Orange had a last-minute chance to avoid the upset. Many players were in the locker room crying after the loss. Related Stories Rapid thoughts on Syracuse-Dayton NCAA Tournament matchupDougherty: 1 of Syracuse’s defining characteristics will no longer be enoughBOUNCED OUT: Dayton upsets Syracuse 55-53 in Round of 32 as Ennis’ game-winning attempt rims outSyracuse basketball roundtable: Dayton rematch, what SU needs to do to win and Trevor Cooney’s legacyFormer SU Provost Eric Spina: ‘I have a new love and that’s Dayton’last_img read more

Women’s soccer: Wisconsin returns home to host Purdue

first_imgThe University of Wisconsin women’s soccer team is coming off Sunday’s disappointing 1-0 loss against the Scarlet Knights. This was their second game this season without putting the ball in the net.The team is now in the midst of a 0-2-1 three-game stretch against Michigan, Maryland and Rutgers after having won the previous seven games, including two Big Ten matchups. The Badgers now sit at 8-3-1 overall and have now dropped to No. 26 in the NCAA rankings after having spent much of the first part of the season ranked in the top 25. They look to recover from their broken winning streak and get their season back on track Friday night against the Purdue Boilermakers in Madison. This is a much needed return to campus after being unable to win their previous two games on the road. The Purdue Boilermakers womens team is currently an impressive 9-2-1 including 4-0-1 in the Big Ten with wins over Michigan, Michigan State, Northwestern, and Illinois. The NCAA has them ranked at 28, just two spots behind the Badgers. They are led in goals by Maddy Williams, who leads the Big Ten currently with nine goals as well to go along with an impressive eight assists. Their second top offensive player so far has been Andrea Petrina who has contributed heavily to the Boilermakers offense with five goals and four assists thus far. This offense should prove to be a challenge for the Badgers defense, who have performed well this season. The Badgers have shut out six teams in their 12 games played, which is a testament to how well Caitlyn Clem and the defense have been playing. The Badgers are led in scoring by sophomore Dani Rhodes with eight goals and Lauren Rice with three goals.The game will be played at 7 p.m. on Friday evening at McClimon Soccer Complex and will be available to watch on Big Ten Network Plus. Tune in to watch the Badgers attempt to get their season back on track in the second half of the season.last_img read more

Shipwreck Norman Named One of the Top Sites to Dive in the United States

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisAlpena- A local shipwreck in Lake Huron is grabbing international headlines. The shipwreck Norman in the Thunder Bay National Marine Sanctuary was ranked one of the top sites to dive in the United States and Canada. For local divers and members of NOAA, it’s no surprise that this site was ranked.“the audience that they’re reaching, those divers from all around the world, they are looking for great sites to go to and to dive and we definitely have a world-class diving destination here and that’s neat to see that confirmed in our national media,”said Diver and NOAA Volunteer Coordinator Steph Gandulla.The dive is approximately 200 ft. dive down, making it one of the most difficult in Lake Huron. The shipwreck is well preserved and offers divers a chance to explore and enjoy this piece of history. In 2016, the Norman was placed in the national register of historic places.The Norman shipwreck site is featured a long with sites in the Florida Keys, California, and even up in British Columbia. The article was featured on MSN on their lifestyle page. To catch the full list, click the link here. AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Alpena High School Student Wins 3rd Place in Essay CompetitionNext Biggby Coffee gears up for opening daylast_img read more

Nyaho Tamakloe wants Black Stars team disbanded

first_imgFormer chairman of the Ghana Football Association (GFA), Nyaho Nyaho Tamakloe, is suggesting a dissolution of the current Black Stars team.According to him, the Kwesi Nyantakyi-led GFA administration must rebuild a new formidable side that is capable of conquering the rest of Africa, and the rest on the world.Dr Tamakloe said on Asempa FM Thursday most of the current players in the senior national team are full of “arrogance or inferiority complex”, adding “they think they know but they know nothing”.“My opinion on the future of Ghana [Black Stars] is that I think they should dissolve the Black Stars immediately and start afresh. Yes it must be dissolved because I did same thing at Accra Hearts of Oak when we were facing similar problems and it worked perfectly for me”, he said on Asempa FM.He said since 2005 the Black Stars team has been enjoying fat bonuses from tax-payers coffers, more than any other national team in the world but the team has nothing to show for it.Despite a winning bonus of $10,000 per player — regarded as the biggest bonus for any national team in the world — the Black Stars have failed to lift the continental trophy 33 years on.last_img read more

UFC 236: Max Holloway vs. Dustin Poirier 2 fight date, time, PPV price, live stream, full card

first_imgHistory occurs at UFC 236 on Saturday, April 13, live from the State Farm Arena in Atlanta, where two interim championship fights will take place.The main event will feature a rematch, as featherweight champion Max Holloway moves up in weight to fight Dustin Poirier for the interim lightweight crown. In the co-main event, Israel Adesanya battles Kelvin Gastelum for the interim middleweight title.  Join DAZN and watch more than 100 fight nights a yearThe reason these fights are happening is because lightweight titleholder Khabib Nurmagomedov is currently serving a nine-month suspension that ends in July for his role in the UFC 229 melee after submitting Conor McGregor in the fourth round. Due to Nurmagomedov not planning on returning until the fall, the UFC decided to take this route so the division can move forward. On the middleweight side of things, Gastelum was supposed to face champion Robert Whittaker at UFC 234. But on the day of the fight, Whittaker got sent to the hospital to have dual-emergency surgery immediately because of an abdominal hernia of the intestine and a twisted and collapsed bowel. The bout ended up getting pulled from the show. Whittaker isn’t expected to return until the fall. Holloway and Poirier met in the former’s Octagon debut at UFC 143. Poirier won by first-round submission. But things have changed dramatically for both fighters since then.After going through a litany of health issues which kept him out for a year, Holloway (20-3) returned in an emphatic way in December at UFC 231, when he battered Brian Ortega from the outset to win by fourth-round stoppage and defend the belt for the second time. The 27-year-old comes into UFC 236 on a 13-fight winning streak with 10 of those victories coming via stoppage.Since returning to 155 pounds in April 2015, Poirier (24-5-1 no-contest) has been on a tear, going 8-1 with the one no-contest and unbeaten in his last four bouts (3-0-1 no-contest). The three victories — all by stoppage — came against former lightweight champs Anthony Pettis and Eddie Alvarez and contender Justin Gaethje. Like Poirier, Gastelum (15-3-1 no-contest) has been on a good run since returning to 185 pounds in December 2016, going 3-0 with one no-contest. He earned the opportunity when he defeated Ronaldo “Jacare” Souza by split decision at UFC 224. He’ll face Adesanya (16-0), who has taken the sport by storm. The 29-year-old has dominated every opponent who has come in his path. “The Last Style Bender” headlined his first UFC pay-per-view in his last time out at UFC 234, beating Anderson Silva by unanimous decision. UFC 236 is a top-heavy card with some competitive contests and notable names.(All times Eastern.)When is UFC 236?UFC 236 will take place Saturday, April 13. Pay-per-view coverage begins at 10 p.m. Max Holloway and Dustin Poirier should enter the Octagon around 12:15.How do I watch UFC 236?The main card on pay-per-view can be purchased for $59.99. Every PPV can be seen exclusively through the end of 2025 on ESPN+. Where is UFC 236?UFC 236 will be held at State Farm Arena in Atlanta.UFC 236 betting oddsAccording to (as of Feb. 26), Max Holloway is a -265 favorite, which means you’d need to bet $265 to win $100. Dustin Poirier is a +205 underdog, meaning if you were to bet $100, you would net $205.Max Holloway record, bioName: Max HollowayNationality: AmericanBorn: December 4, 1991Height: 5-11Reach: 69 inchesTotal fights: 23Record: 20-3Dustin Poirier record, bioName: Dustin PoirierNationality: AmericanBorn: January 19, 1989Height: 5-9Reach: 72 inchesTotal fights: 30Record: 24-5-1 no-contestUFC 236 fight cardMain card Max Holloway vs. Dustin Poirier for Interim Lightweight titleKelvin Gastelum vs. Israel Adesanya for Interim Middleweight titleEryk Anders vs. Khalil Rountree Jr.; Light Heavyweights Alan Jouban vs. Dwight Grant; WelterweightsOvince Saint Preux vs. Nikita Krylov; Light Heavyweights Join DAZN and watch more than 100 fight nights a yearPreliminary cardJalin Turner vs. Matt Frevola; Lightweights Wilson Reis vs. Alexandre Pantoja; Flyweights Max Griffin vs. Zelim Imadaev; Welterweights Boston Salmon vs. Khalid Taha; Bantamweights Curtis Millender vs. Belal Muhammad; Welterweights Montel Jackson vs. Andre Soukhamthath; Bantamweights Lauren Mueller vs. Poliana Botelho; Women’s Flyweights Brandon Davis vs. Randy Costa; Bantamweightslast_img read more

BH National Football team to play against Albania tomorrow

first_imgTomorrow, the football team of BiH will play a friendly match with the selection of Albania in Elbasan. The match will take place at 18:00 o’clock.Head coach Mehmed Bazdarevic announced that the match will be used to test the new players in the national team.“As always, I have a dilemma about the team, and I’ll decide about the composition of the team after tonight’s training. We lack several players, but we have a good team that will be able to respond very good. The match will serve us to see new players in action,” said coach Bazdarevic.The first official match in the history of our selection was played against Albania.“Our football relations are friendly. The first official match of Bosnia and Herzegovina has been here, and we see that after so many years, the both teams are advanced. Albania is a football nation that invests a lot, constantly moving forward and in a few years will be one of the best in Europe,” adds Baždarević.(Source: klix)last_img read more