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Bernardino backs pensions stakeholder group amid merger concerns

first_img“Our position, and my personal position, is very clear on this – I would definitely advocate the current situation and to continue to have a specific pensions stakeholder group,” he told IPE.“When we started at EIOPA we were concerned about the complexities of managing two stakeholder groups, and the dimensions of this.“It is of course complex, but to be frank, after the three and half years I definitely see the value in having individual stakeholder groups for insurance and pensions.”The Commission proposed the idea alongside funding ESAs through a direct industry levy rather than the EU budget.At the time, members of the current occupational pensions stakeholder group (OPSG) told IPE a merged group would become dominated by insurance, leaving debate on pensions issues very restricted.Representative groups from the UK, Ireland and Netherlands all said their organisations would be concerned if a merger went ahead as the specificities of pensions needed addressing.The review into ESAs will now form part of the brief for new financial stability, financial services and capital markets union Commissioner, Jonathan Hill, who is expected to take up his post later this year.However, Bernardino remained adamant and said once consulted, his organisation would express the desire to operate two working groups.“Of course there are common issues, such as the work on personal pensions, and the two stakeholder groups and working together on this. “The collective work is good and we welcome that,” he said. “But there are differences. They are different types of markets and there are different types of issues.”The review into ESA working groups also looked at the proportion of representation from pension funds and small and medium size businesses, causing further issues for pensions representatives. The chairman of the European Insurance and Occupational Pensions Authority (EIOPA) has spoken out against plans to merge the organisation’s separate insurance and pensions stakeholder groups.The European Commission (EC) recently published a review of the European Supervisory Authorities (ESAs), of which EIOPA is one, and said all authorities should only operate one stakeholder group.EIOPA is the only ESA to operate two groups, meaning the EC’s plans would effectively see a merger of the insurance and pensions divisions.Gabriel Bernardino, chairman of EIOPA, said he was strongly against the Commission’s idea and stressed it originated from an industry consultantation and not from his organisation.last_img read more

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Construction workers plan a break for NMLRA event

first_imgFriendship, In. — A construction hiatus to accommodate State Road 62 traffic for the National Muzzle Loading Rifle Association’s Spring Shoot at Friendship is in effect in Dearborn County through June 18.  On June 19, the Indiana Department of Transportation will re-close S.R. 62 south of Dillsboro.  This will allow contracted crews to continue slide correction operations.Motorists will detour around the geohazard site via S.R. 129 and U.S. 50.Beaty Construction is INDOT’s contractor for this $5 million slide correction project which includes a second slide site in Ripley County.last_img

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Toure fires warning to Liverpool

first_img Having been drawn against Barcelona in the knockout stage of the Champions League, Toure has had word from inside the Catalan club’s camp that is not a draw they are relishing. “I had a call from one of my old team-mates from Spain who was quite disappointed,” said the former Barcelona midfielder. “He wasn’t sure what would happen. In the past they would be confident they would go through and beat anyone but they are afraid about us. “The way we are playing at home – and they are seeing that – means they are quite scared because we play fantastic football, we score goals and it is total attack. “At the moment we are terrific at home. Any team who comes here we think we can score against – maybe it won’t always be the case for us to achieve that every game. “We are not the sort of team that is fearful of opponents, we are playing in an attractive way and an attacking way, and I think Liverpool will be aware of that.” City’s home record is formidable as they have won all eight league matches and scored 35 goals and they are only in third place, one point behind Liverpool, because of their inferior away form. Striker Sergio Aguero has scored eight of his 13 league goals at the Etihad Stadium but his calf injury means fans will be denied the chance to see the top-flight’s two leading scorers go head-to-head. Liverpool’s Luis Suarez is in the form of his life with 19 goals in just 12 league games and Toure admits it is difficult to separate the two. “Aguero is unbelievable, he is one of the most important strikers in this league at the moment,” said the Ivory Coast international. “He can always make something happen and his partnership with Alvaro (Negredo) was fantastic for us so at the moment missing him is a big blow for us but we have to deal with it. “Suarez is a brilliant player and this season he is at the top. Him and Aguero are the best strikers in England, no question, and are up there as the best in the world too. “It would have been fantastic to see them on the same pitch in this game; Suarez has everything in his game at the moment. “But Liverpool are a team with other good players too and a good manager. It will be a big, big game.” Press Association Manchester City midfielder Yaya Toure has warned Barclays Premier League leaders Liverpool they should fear a Boxing Day trip to the Etihad Stadium as even Barcelona are afraid of them. The Merseysiders arrive on Boxing Day full of confidence as they are top of the table at Christmas for the first time in five years. They are actually the last club to be in that position and not go on to win the title but despite rising optimism at Anfield, Toure sounded a word of caution. last_img read more

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Ashes: Matthew Wade century in vain as England level series

first_imgLondon: England beat Australia by 136 runs at The Oval on Sunday and thus avoided falling to a first series defeat to their Ashes rival at home since 2001. The five-match Test series has been drawn 2-2. It is the first instance of a drawn Ashes series since 1972.Australia were set an unlikely target of 399 for England to chase after the hosts were all out in the first session of the day. Matthew Wade scored his second century of the series as England managed to deny Steve Smith his 11th consecutive 50-plus score in the Ashes.Stuart Broad set him up in the 25th over during the second session and Smith ended up holing at leg gully. He departed on 23 which beat his previous lowest score in this series that he made in the first innings of the match (80).However, Wade’s presence kept Australia’s hopes alive but the final wickets fell in a rush after his dismissal.Wade made considerable partnerships with Mitchell Marsh, captain Tim Paine and Pat Cummins as it looked like he might come close to emulating Ben Stokes’ heroics at Headingley. He saw out a particularly fiery spell from Jofra Archer on his way to his century.Marsh got a reprieve early in his innings when Chris Woakes overstepped a delivery that he had nicked to gully. Marsh was on six at the time off 20 deliveries. He went on to face 45 balls more before falling to England captain Joe Root due a rather loose shot just before tea.Tim Paine then joined Wade in the middle but could last only 34 balls. He fell to Jack Leach with umpire Kumar Dharmasena thinking long and hard before raising his fingers. Paine reviewed the decision unsuccessfully.Archer then cranked up his speeds and aggression with long stares on follow-throughs reserved for his Hobart Hurricanes captain Wade. He hit speeds north of 90mph regularly in the eight-over spell, even bowling the fastest ball of the series at 95.6mph. However, it was not enough as Wade saw through the spell.Wade gave away a few big chances after crossing over into three digits but England got the breakthrough in the form of Pat Cummins.Broad got him off the last ball of the 71st over and Root seemingly dismissed Wade off the very next ball. But Wade reviewed the decision successfully and bought more time.Root got him eventually three overs later. Wade advanced forward but missed the delivery completely and Jonny Bairstow made no mistake in whipping off the bails. Jack Leach then got the final two wickets off consecutive balls in the next over.Australia have thus not been able to record a first series win in England since 2001 but they retain The Ashes by virtue of them winning the previous series between the two sides in 2018.Brief scores: England 294 (Jos Buttler 70, Joe Root 57; Mitchell Marsh 5/46) & 329 (Joe Denly 94, Ben Stokes 67; Nathan Lyon 4/69) vs Australia 225 (Steve Smith 80, Marnus Labuschagne 48; Jofra Archer 6/62) & 263 (Matthew Wade 117, Mitchell Marsh 24; Jack Leach 4/49) England win by 136 runs. IANS Also Read: Matthew Wade’s Unbeaten 60 Keeps Australia Alive at Final Ashes Test Also Watch: Kumarpara Murder Incident: Guwahati Police announces cash award of Rs 25,000last_img read more

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Panthers register win as LIMACOL football continues

first_img… Quarter-finals on tonight TIMEHRI Panthers ended the group stage of the 2019 LIMACOL football tournament with a 1-0 win over Black Pearl FC, as the preliminary round concluded Friday evening.Tyrone Khan in the 20th minute did the damage for the Timehri Panthers who now move into the next round. Riddim Squad, who were also scheduled for action, gained a walkover over Beacon.In the latest standings, the Santos U-20 finish atop Group A with three wins from three games and goal difference of 7 while second-place Timheri Panthers finish with two wins and one loss  for a total of five points and a zero difference. Black Pearl and Camptown FC have ended with a point each.In the B group Fruta U-20 finished with nine points after three wins from three games and a goal difference of 14 while the second-place of the group belonged to Buxton Stars who have one win, one draw and one loss for a total of four points and a negative-six goal difference.GFC sit third with three points with one win and two losses from the maximum number of games and a goal difference of -2 while Northern Rangers have a negative-six goal difference and one point from three games with two losses and a draw.Group C ended with Riddim Squad atop with three wins from three games and a total of nine points while second-placed GT Panthers have the same number of points from three games (two wins and a loss) and a negative-one goal difference. Beacon have one point and a negative goal difference after one win and one draw from their two games while Pouderoyen have one point from their three games (one win) and a negative-four goal difference.  In the Group D, Pele lead the way with two wins and a draw on seven points with a goal difference of seven while Mahaica Determinators sit second, just one point behind with two wins and a loss and one goal difference. In third, Dynamics Football Club have four points after one win, one loss and one draw with a negative-one goal difference while Police B end the tournament winless and with a goal difference of negative-seven.Meanwhile quarter-final matches are billed for this evening with Santos U-20 taking on Buxton Stars and Pele playing GT Panthers.last_img read more

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Senate mulls request for speaker funds

first_imgIn hopes of bringing a high-profile speaker to campus this semester, Program Board’s Speakers Committee requested $7,000 in addition to their allocated budget from USC’s Undergraduate Student Government at Tuesday night’s Senate meeting.USG could not reveal the name of the speaker they were negotiating with because of contractual obligations.Beibei Bai, director of the Speakers Committee, presented a proposal to the Senate, which has the capacity to finance the event with money from its allocations fund. Program Board will supply the majority of the money needed for the event, but the Speakers Committee budget is not sufficient enough to completely fund the speaker’s visit, Bai said.“My job is to bring speakers on campus, but speakers tend to be very expensive if they’re big enough to draw a crowd,” Bai said. “With my budget, I have to plan at least eight events a year, so I have a very limited budget to plan events, so it happens very often that we request money from USG.”The Speakers Committee plans events throughout the year and allocates portions of its budget as each event materializes, Bai said. In terms of this speaker, the committee has been planning the visit since the beginning of the year, but using a majority of its budget to fund the event would prevent the committee from hosting other quality events for the year, she added.Several assemblies from Program Board will likely contribute portions of their individual budgets and additional programming ideas to this event. Program Board officials hope to encourage co-sponsorship of events between assemblies and student groups this year, said Joseph Zuniga, executive director of Program Board.“Speakers [Committee] is one of those that gets a high volume for co-sponsorships because it’s across the board,” Zuniga said.The reputation of the proposed speaker for this event had a positive impression on many senators at Tuesday night’s meeting. But some, like Residential Senator Sam Nagar and Commuter Senator Jean Doh, said they wanted to ensure Bai and the Speakers Committee had considered other funding options before coming to the Senate.Although the Speakers Committee could ask other Program Board assemblies for a larger portion of their finances or seek help from a sponsor outside of USC, Bai said she avoided taking either of these routes in order to preserve other assemblies’ budgets and to ensure the event would remain free for USC students.“It’s not an outlandish request,” Bai said. “We’re not asking USG to fund it. We’re asking for additional support.”Zuniga said he hopes the Senate approves the funds for the event, primarily because doing so would foster further collaboration between the legislative and programming branches of USG.“When we try to bring speakers, it’s helpful sometimes to go to the Senate for a number of reasons. Senators are a voice of the large constituency,” he said. “To co-program an event like this is important to us, and I think it kind of bridges a gap between legislative and programming, and I really like it for that reason.”The Senate will vote on the funding proposal next week.last_img read more

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Big East invites Villanova to become 9th football member

first_img Facebook Twitter Google+ Published on September 15, 2010 at 12:00 pm Contact Mark: mcooperj@syr.edu | @mark_cooperjr Commentscenter_img After a summer in which the stability of the Big East conference came into question, the conference may have found some reinforcement. Last week, the Big East asked Villanova to make the jump from the Football Championship Subdivision to the Football Bowl Subdivision. The Wildcats, already a member of the Big East in all sports except football, are looking into the idea of becoming the ninth football team in the conference. The news comes after a summer in which the future of the Big East was up in the air. The Big Ten conference’s expansion plans spurred rumors of multiple Big East teams making the jump, which could have triggered the collapse of the Big East. Now it seems as if the conference can become even stronger than it was before the summer by adding a new member — albeit, a familiar member. ‘That would be a tremendous addition for us to have the ninth member come right from within,’ Connecticut head coach Randy Edsall said in the Big East coaches’ teleconference Monday. ‘It would make things a lot easier for the whole Big East conference, as a whole. For all sports, not just football.’AdvertisementThis is placeholder text While the offer is there for Villanova’s taking, it’s still no guarantee the Wildcats will join the conference. The process of moving from FCS to FBS is difficult and takes a lot of commitment from the university. It also takes a lot of money. The NCAA requires all FBS teams to have a paid or actual attendance of 15,000 for all home games. Villanova Stadium, where the Wildcats currently play, holds 12,500. ‘As you might suspect, this is a complex issue, which entails many dimensions — both quantitative and qualitative,’ Villanova athletic director Vince Nicastro told the Philadelphia Daily News on Sept. 9. ‘While we will move forward on this as quickly as possible, it is critical that all of those dimensions are vetted thoroughly prior to making any final decision.’ If Villanova is to accept the Big East’s invitation, it would still likely have to wait until 2014 to become a member of the conference. Per NCAA rules, a FCS team has to go through a two-year provisional period before becoming a full-time FBS member. This can give the Wildcats enough time to plan out all of the upgrades the program needs to make, along with giving head coach Andy Talley some time to recruit for an FBS program. One possible option for a new home for the Wildcats is PPL Park, current home to Major League Soccer’s Philadelphia Union. The stadium, which is located in Chester, Pa., has a capacity of 18,500. In addition, Villanova will likely need to look into upgrading its training facilities and will have to add scholarships to the program as well. It’s a process Edsall went through with UConn, as he took the Huskies into the FBS as an I-A Independent in 2000 and then into the Big East in 2004. It wasn’t until UConn’s fourth season as an FBS team that it finished with a winning record. Villanova, ranked No. 2 in the most recent FCS coaches’ poll, has had its share of success at the lower level. The Wildcats won the FCS championship last season and defeated FBS team Temple by a field goal. This season, Villanova had the Owls on the ropes again before losing 31-24. Still, the highest level of college football is a different animal. Just ask Edsall. ‘I think the biggest thing is just to make sure you have the resources in play to be able to do the things that you need to do from a facilities standpoint, from a stadium standpoint,’ Edsall said. ‘I think those were the biggest two things we had. And also, to make sure that you have the finances available to be able to go out and recruit. ‘You know, Villanova’s in a nice area there, where there’s a lot of good football around them in a short driving distance.’ Heisman candidate Lewis struggling There were no stop signs in the prolific freshman season for Pittsburgh running back Dion Lewis a year ago. There was hardly a speed bump. But now he’s enduring a sophomore slump. A year after rushing for 1,799 yards and 17 touchdowns, Lewis is struggling to find his stride. Through two games, Lewis has just 102 yards rushing on 35 carries (2.9 yards per carry). He was held to 75 yards on 25 carries by a talented Utah defense in a Week 1 loss. This past week, it was New Hampshire of the FCS that held him to just 27 yards on 10 carries. To put it in perspective, his career-low rushing total in his freshman year was 79 yards against Navy. He was held under four yards per carry just once in 2009. It’s already happened twice in 2010. ‘I think it’s a little bit (of a) combination between three new offensive linemen (and) a new tight end, and defenses zeroing in on him,’ Pittsburgh head coach Dave Wannstedt said in the Big East coaches teleconference Monday. ‘I think teams have been more one-sided and said, ‘This is what we’re going to stop, and if you can beat us doing the other things, go ahead.’ ‘ Big man on campus WR Mohamed Sanu Sophomore Rutgers (2-0) Last Week: 1-for-1, 24 yards, TD, nine carries, 44 yards, TD, four receptions, 25 yards Sanu did it all for Rutgers on Saturday against Florida International. For the Scarlet Knights’ sake, it’s a good thing he did. The quarterback threw a 24-yard pass to tight end D.C. Jefferson in the second quarter to put Rutgers up a field goal. Then in the fourth quarter, with the Scarlet Knights trailing by a point, the running back broke off a 24-yard touchdown run out of the Wildcat formation. It proved to be the difference in a 19-14 win. The quarterback. The running back. The wide receiver. It was all the same player for the Scarlet Knights Saturday. Said Rutgers head coach Greg Schiano: ‘What you can’t coach is his athleticism, his toughness, his desire to play the game, his will to prepare.’ mcooperj@syr.edulast_img read more

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Amgen CEO named USC trustee

first_imgRobert A. Bradway, chairman and CEO of Amgen Inc., the world’s largest biotechnology company, has been named to the USC Board of Trustees. The company, headquartered in Thousand Oaks, Calif., works to develop advanced therapeutics for patients suffering from a broad range of illnesses.New faces · Robert A. Bradway, chairman and CEO of Amgen Inc., has worked for Morgan Stanley and was a managing director at a London firm. – Photo courtesy of Jamey Stillings“Bob Bradway stands among our nation’s leading executives in the field of biotechnology,” said USC President C. L. Max Nikias in a press release. “Under his visionary guidance, Amgen has significantly expanded its reach while continuing to provide tremendously innovative therapies that restore health and save lives. Mr. Bradway brings to our board his exceptional experience and expertise, as well as his commitment to applying research to better our society.”Bradway, who holds a bachelor’s degree in biology from Amherst College and a master’s in business administration from Harvard University, worked as a healthcare investment banker for Morgan Stanley and was the managing director for the firm in London before joining Amgen in 2006 and rising to the position of chairman in 2013. He currently serves on the advisory board for the USC Schaeffer Center for Health Policy and Economics.“I think it’s great that we have a trustee who’s involved in the pharmaceutical industry,” said Ana Scuric, a freshman majoring in biochemistry. “When most people think of the pre-health field, they think of medicine, so it’s good to have other fields represented.”The board of trustees is comprised of approximately 55 voting members, with one-fifth of the members elected each year for five-year terms.last_img read more

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USC looking to get back into the swing of season

first_imgAs the first Grand Slam of the professional season winds to a close at the Australian Open, The No. 1 men’s tennis team will commence play during one of the “Grand Slams” of college tennis Saturday and Sunday in the Intercollegiate Tennis Association’s Kick-Off Weekend.Ready · Senior Robert Farah and the Trojans host three top teams. – Sunil Murali | Daily Trojan The Trojans (2-0, 0-0) will host a four-team qualifying tournament Saturday and Sunday against No. 49 Vanderbilt University (3-1, 0-0), No. 70 Radford University (0-2, 0-0) and No. 73 Yale University (0-0, 0-0). The winner of this kick-off tournament will go on to compete in the 16-team ITA National Team Indoor Championships at Charlottesville, Va. from Feb. 12 to Feb. 15.Radford faces off against Yale at 8:30 a.m. to begin the day’s play, and USC starts it Saturday match against Vanderbilt at 11:30 a.m. The winners of each match will compete for a bid to Charlottesville on Sunday at 1 p.m.With all of the interruptions in the team’s schedule, USC coach Peter Smith believes this tournament is an excellent opportunity to pick up momentum against the best competition collegiate tennis has to offer.“We look at it as the start of the season where you have the top-60 teams in the country all playing the same weekend,“ Smith said. “Kind of a cool way to start the season.“The very competitive Vanderbilt squad, coming off a close (4-3) loss to No. 41 University of Michigan, will be the Trojans’ first opponents at the Kick-Off event. The Commodores have three singles players ranked in the top 75 and three ranked doubles duos.Win or lose, the Trojans will play on Sunday against either Radford or Yale. Radford opened its season with two losses to ranked teams and boasts No. 66 singles player junior Ivan Salec.USC opened the season with two wins against Loyola Marymount and UC Santa Barbra, where the Trojans were able to give all team members a chance to compete.Now that the season is underway, Smith will change his approach in order to soldify his lineup.“Time to lay the best guys out there and get some experience,“ Smith noted.Freshman J.T. Sundling has been medically cleared to begin practice today after a bout with mononucleosis. Smith plans to ease him into playing shape, but Sundling’s presence will help in finalizing the lineup, especially in doubles. With some questions left to be answered, the Trojans hope to advance and prove themselves against the top teams in the nation at the ITAs.last_img read more

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BtoBet and Spinomenal become iGaming partners

first_imgShare BtoBet grows Nigerian presence with Booster99 deal August 26, 2020 Submit Share Related Articles BtoBet refines African SMS payment options with Tola Mobile  August 20, 2020 StumbleUpon BtoBet grows LatAm portfolio with GlobalBet deal August 12, 2020 Spinomenal, the cross platform games supplier, has become a partner of iGaming and sportsbook platform BtoBet, winners of Rising Star in Sports Betting Innovation at the SBC Awards 2017.Commenting on the partnership, Lior Shvartz, Spinomenal CEO, stated: “We constantly strive to reach the perfect balance of amazing graphics, fun game flow and easy access for worldwide clients. “Since its foundation, Spinomenal has created more than 85 original cross-platform games and we are just getting warmed up. “We are very excited about the integration with BtoBet and are always happy to work with such a responsive and professional team of experts who are able to make the process easy and fast”.Kostandina Zafirovska, BtoBet CEO, added: “Spinomenal has an interesting set of games and we’re enthusiastic about integrating their content onto BtoBet’s platform, ready for any regulated market. “I firmly believe the combination of Spinomenal’s games proposal and BtoBet’s platform will definitely provide operators with the possibility to elaborate unique offers, tailored for every single market, offering more than 3,000 exciting games. “Additionally, with our sophisticated recommendation engine, operators can suggest to players their preferred games, at the ideal time and on their preferred device.”This follows news that Editec has chosen BtoBet as the technological partner to drive its online brands towards sustained growth within Africa.The London headquartered firm, which already boasts a strong presence across several of the continents regions, operates under the Premier Bet, SBA, Guinee Games, and R&S Betting brands.last_img read more

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