Dutch coalition partners ‘postpone pensions reform discussions’

first_imgWithout a new system or a significant improvement of coverage ratios, rights cuts affecting millions of Dutch workers and pensioners would become inevitable in 2020 and 2021.Last month, negotiations between the social partners in the Social and Economic Council (SER) about a reform of the labour market fell through, but the players are still talking about the pensions dossier.However, as employers and workers have failed to produce ideas for a new pensions system after more than a year of negotiating, the pensions sector expected politics to take the initiative.“The update of the pensions system is really a matter for the social partners,” the FD quoted a source close to the negotiations as saying.The initial assumption was that the SER would come up with a plan for a new pensions system – focused on individual pensions accrual combined with collective sharing of some risks – ahead of last elections.According to the FD, the social partners are closely in touch with the coalition partners about the subject.Last month, supervisor De Nederlandsche Bank warned against waning attention for the reform of the pensions system.Frank Elderson, director of pension fund supervision, said the update was necessary “to tackle flaws, such as an opaque and difficult to justify redistribution” between the high and the low educated and well as between young and old workers. The pending new Dutch Cabinet – which is still engaged in coalition negotiations – is to delay plans for a new pensions system, financial daily Het Financieele Dagblad (FD) has suggested.Citing sources close to the discussions, it said that the coalition partners wanted to postpone crucial decisions to enable the social partners of employers and workers to come up with their own proposals.Prime minister Mark Rutte’s party, the liberal-right VVD, is attempting to build a four-way coalition with the D66, CDA and Christian Union parties. The Netherlands has been without a permanent government since March’s election result.Ahead of the elections, the country’s political parties seemed to be convinced of the need for quick decisions for a thorough update of the pensions system.last_img read more

Sampension scales back listed equity exposure

first_imgDanish labour-market pension provider Sampension has been gradually reducing its exposure to listed equities in order to protect its overall portfolio from a possible market correction.Henrik Olejasz Larsen, CIO of the DKK260bn (€34.9bn) pension fund, said: “We have taken some of our overweight in shares down very gradually, and we don’t have as many shares in our risk total as we had before.”The move had been made, he said, with a view to avoiding being as hard hit as the fund might be, if and when there was a correction in global equity markets.“We have had a long recovery in the equities market, and we can’t expect the current high level of earnings in many of these listed companies to continue at a time when the economy is not going as fast as it is right now,” Olejasz Larsen said in a video commentary on Sampension’s website. Share prices were particularly high right now, he said.“They are so high that they are on a level that we have only seen a few times in recent history – back at the end of the 1920s, or back in the period running up to the bursting of the dotcom bubble,” he said. Henrik Olejasz Larsen, Sampension“The risk is that our expectations will be disappointed, but there is nothing that points towards it being the same as last time time, because things are going really well regarding the underlying economy, and corporate earnings are still growing.”Equities were also expensive because bond yields remained so low, Olejasz Larsen added.At the end of 2016, Sampension had 24.3% of total assets invested in listed shares and 50.5% in bonds, including interest-rate hedging.In addition, 9% of assets were invested in property, land and infrastructure, and 7.5% in bonds with credit risk, according to the fund’s annual report.last_img read more

Home loan repayments slightly cheaper in Queensland

first_imgA young couple who has just purchased a new home. Picture: iStock.IT’S slightly cheaper to afford a mortgage in the Sunshine State than it was at the end of last year, a new report has revealed. Home loan repayments accounted for 27.5 per cent of the typical Queensland family’s income in the first three months of the year, according to the Real Estate Institute of Australia and Adelaide Bank’s latest Housing Affordability Report.The figure was down a tenth of one per cent on the final quarter of 2017. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Home loan repayments accounted for 27.5 per cent of the typical Queensland family’s income in the March quarter.Adelaide Bank head of distribution Darren Kasehagen welcomed an improvement in housing affordability nationally. “The reduction in the total number of new loans compared to the same quarter last year has the potential to be a continuing trend, and the same could be said for the reduction in the average loan size experienced in the March quarter as overall lending standards improve across the industry making access to credit a little harder,” Mr Kasehagen said. A house for sale in the Brisbane suburb of Stafford. Image: AAP/Glenn Hunt.But it’s 0.8 per cent higher than it was a year ago, when only 26.7 per cent of household income was need to meet mortgage repayments.More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoThe figures are based on Queensland’s median weekly family income of $1685. BUYER’S MARKET RISES AS RATES HOLD Affordability deteriorated in Victoria, South Australia and the ACT during the quarter, but improved in all other states and territories.NSW remained the nation’s most unaffordable state, with the proportion of family income needed to meet loan repayments sitting at 36.5 per cent.center_img Housing affordability has improved slightly in Queensland. Image: AAP/Glenn Hunt.The REIA and Adelaide Bank report also found rental affordability declined slightly in Queensland, with the average family spending 23.1 per cent of its income on rent during the first three months of the year.There was a significant drop in the number of loans to first home buyers in the state during the quarter, down nearly 15 per cent to 21.3 per cent. HAMPTONS STYLE GRAND DESIGNS HOME SOLD last_img read more

Seis GEaR Welcomes BD Director

first_imgProvider of seismic tools and maintenance services, Seis GEaR, has appointed Robert Conners as director of business development. He will work with the team to develop and maximize opportunities in the global market including new ventures, hydrographic and seismic exploration.Conners previously worked at Umbilicals International, implementing new offices, developing relationships and strategic plans.Prior to Umbilicals International, he worked at Prysmian, Technip Umnilicals – DUCO, and HL Technologies.“We are very confident Bob will deliver further growth for Seis GEaR, Inc.” said Mike Burnham, president at Seis GEaR.“He is a strong addition and we welcome him to our team. Bob’s personality and experience will make him successful at Seis GEaR, Inc.” said Casey Jordan, executive vice president at Seis GEaR.last_img read more

Canadian jeweler threatened for opposing gay marriage — after providing service to gay weddings

first_imgHotAir.com 22 May 2015Via Rod Dreher, who gleans this from the incident: “You must not only bake the cake, or arrange the flowers, or make the ring, you must hold the correct opinion when you do it.”A lesbian couple came into the jeweler’s shop looking for custom-made rings for their wedding. No problem, he told them. Later the couple recommended him to some friends, who dropped by — and noticed a sign on the wall that read, “The sanctity of marriage is under attack. Let’s keep marriage between a man and a woman.” The lesbian couple then decided they wanted a refund on their rings, the media picked up the story, and now the jeweler’s being threatened for his thoughtcrime. Of such things are the mileposts on the road to perfect tolerance made.“It seems to be a Canadian right to post what you believe,” said the jeweler in his own defense. It does?“I have been posting different aspects of my religious beliefs the last 11 years, and I’ve never had one single problem with any of my customers,” he said…“One of the reasons my family chose to come to Canada was the freedom of rights,” he said, noting the freedom of religion and freedom of speech…“I feel really bad that [White] feels that we would in any way try to hurt or discriminate against her, but we will not retract from what we believe. I cannot say, ‘Well because you feel bad, I will stop believing what I believe,’” he said.“When I walk on Church Street in Toronto, where I am right now, and I see [LGBT rainbow flags], and I see a lot of signs and a lot of things on public property, I don’t have a problem with them. I accept it. I chose to come to Canada… and we accept the whole package… I don’t discriminate against that, nor do I come and tell them to take them down. For the same reason, I ask to have the same respect in return, especially when it’s in my own business.”http://hotair.com/archives/2015/05/22/canadian-jeweler-threatened-for-opposing-gay-marriage-after-providing-service-to-gay-weddings/last_img read more

Parliament considering petition on abortion law changes

first_img‘She is still a child’ – Mum ‘vowing’ to change law around teenage abortion OneNewsNow 28 August 2015 A mother whose daughter’s school organised an abortion for the teenager without parental consent is petitioning parliament for a law change to prevent it happening again.Under New Zealand law a child can have an abortion organised by their school and they aren’t required to tell the parents.This happened to Taranaki mum Hillary Kieft whose 15-year-old girl, Ariana, had a school-organised abortion.Ms Kieft has travelled to Wellington to lodge a petition to have the law changed.“Our daughter had to make a life-alerting decision and with a stranger and was expected to keep this as a secret from us. At age 15 she is still a child,” says Ms Kieft.“If we had known we would have been there. We would have been able to get her the help she needed.“When I was 16 I had an abortion. Ariana sort of knew my story and I think in a way I failed a little bit by not telling Ariana about my past.“A lot of girls don’t tell their parents due to shame. I never told my mum due to shame.“The current law shows we seem to have become a country where life is cheap.”Ms Keift says she really wants to see the law change and is optimistic it will.“I believe there will be a change. I don’t doubt it, and if they prove me wrong I will just keep going, it’s the vow I have made”.https://www.tvnz.co.nz/one-news/new-zealand/-she-is-still-a-child-mum-vowing-to-change-law-around-teenage-abortion-q07846last_img read more

NVPD seeking help in identifying suspect

first_imgNorth Vernon, IN—The North Vernon Police Department is asking the publics’ help in identifying a suspect for a burglary case they are working. If you have any information that can aid in the investigation of this case, please contact the department at 812.346.1466.The gray hoodie reads “individual” in the photo.last_img

Moaning is pointless – Martinez

first_img The Football Association has decided not to take any further action against Monk having asked him “for his observations” after he launched a post-match tirade against Oliver, Moses and Riley, who he is set to meet this week. Monk was left fuming again on Tuesday by a red card for Swansea defender Federico Fernandez – which the Welsh club have subsequently appealed – in a 2-1 Capital One Cup loss at Liverpool, although he did say while complaining after the game: “What is the point?” And when asked on Thursday if he thought moaning about referees’ decisions got you anywhere, Martinez, whose side host Swansea in the Premier League on Saturday, said: “I think it makes you feel better, but I don’t think it gets you anything at all. “Football is a game of errors, and sometimes you get those errors in your favour or against you, and that is part of the game.” In his comments after the Stoke match, Monk accused Riley of “poor leadership”. But on his own experience of Riley, Martinez said: “Mike is always there to cope with any sort of enquiries and I’ve seen a real professional side from him.” The Spaniard – who both played alongside Monk and managed him at Swansea – added: “I’ve never, ever seen a team that always get bad decisions, or that always gets good ones. “In general, everything levels up over the course of a season, and we are quite fortunate with our refereeing standards in our leagues – we shouldn’t lose sight of that. Press Association Martinez has also defended Professional Game Match Officials Limited general manager Mike Riley and the standard of refereeing in English football, describing it as “very strong”. Monk has made headlines of late with some forthright views on decisions against his team, most notably Michael Oliver’s call to award Stoke a penalty when Victor Moses went to ground in the Swans’ 2-1 Barclays Premier League defeat at the Britannia Stadium on October 19. “I’m looking at other leagues around the world and they would love to have the standards we have here. I think the level of our refereeing system here is very strong.” Ninth-placed Everton go into Saturday’s clash against sixth-placed Swansea with their season starting to come together results-wise after a shaky start to the campaign, and their veteran frontman Samuel Eto’o is in fine form. The Toffees have lost just one of their last six games in all competitions, and last weekend’s 3-1 win at Burnley made it back-to-back top-flight victories for the first time this term. Eto’o scored twice in that match, has netted three times in his last four appearances and has a tally of four goals in total since joining the Merseysiders over the summer. Fellow striker Romelu Lukaku – also a scorer against Burnley, and with four goals this season – has spoken of feeling “blessed” to be working with the 33-year-old Cameroonian. And Martinez said of Eto’o: “To have Samuel at our football club is like a gift from the footballing gods. “It is important we give him the right amount of playing time. “But Samuel’s performance on Sunday, and every role he has had so far, has been of a real high standard and I’m really excited to see how well he can adapt in the second half of the season. “His experience and know-how have already been very important – in Europe, for example. But with the finishes against Burnley, it looked like the old good times of Samuel Eto’o.” Martinez said the knocks Lukaku sustained against Burnley and midfielder Darron Gibson picked up in training should not affect their availability for Saturday. Winger Kevin Mirallas (hamstring) and defender John Stones (ankle) remain out of contention, while full-back Bryan Oviedo and forward Arouna Kone are set to play in a “practice” game next week as they continue to work their way towards first-team action. Everton boss Roberto Martinez has stressed in the wake of Swansea counterpart Garry Monk’s recent comments on referees that there is no point moaning about decisions. last_img read more

Cricket News Eight State Units Out Of 38 Barred From Attending BCCI Annual General Meeting

first_imgNew Delhi: Eight state units out of the 38 were on Thursday barred from attending the BCCI Annual General Meeting in Mumbai on October 23 due to non-compliance in their amended constitutions. The picture on who will be attending the AGM became clear after BCCI electoral officer N Gopalaswami released the final electoral roll. Manipur, Uttar Pradesh, Tamil Nadu, Haryana, Maharashtra, Railways, Services and Association of Indian Universities (AIU) will not have any voting rights in case there is an election during the scheduled AGM. The three government institutions — Railways, Services and AIU — were barred as they failed to form a players’ association.  Former India captain Sourav Ganguly is the nominated representative from Cricket Association of Bengal, a body which he is heading. Mohammad Azharuddin, another former India captain, will be representing the Hyderabad Cricket Association. Rajat Sharma (Delhi), Jay Shah (Saurashtra), Arun Singh Dhumal (Himachal Pradesh) and Brijesh Patel (Karnataka) are among the other nominated representatives. Most of the barred state units are likely to challenge the decision in court and that could put the AGM in jeopardy.  Also Read | Tamil Nadu, Haryana And Maharashtra Cricket Associations Barred From BCCI AGM By CoA”Yes we are aware of the electoral officer releasing the final electoral rolls. We will be moving the Supreme Court on Monday,” a TNCA source told PTI. Tamil Nadu, which is under the control of former BCCI president N Srinivasan, was supposed to be represented by its secretary SS Ramasamy while Haryana, under the rule of outgoing treasurer Anirudh Chaudhry, was set to be represented by Mrinal Ojha.  Also Read | Why BCCI, MS Dhoni are on the back foot in Army insignia row with ICC?The TNCA, which recently elected Srinivasan’s daughter Rupa Gurunath, had 21 violations in their amended constitution, including non-compliance in age cap (over 70 years), tenure of cooling off period being a few major ones. Even after they complied with a few later on, they didn’t adhere to the major reforms and had taken a tough stand that it is not in CoA’s authority to debar any state unit as its job is to merely file status report on compliance.Haryana and Maharashtra also toed the same line.  Former IPL chairman Rajiv Shukla, who was supposed to be Uttar Pradesh’s representative at the AGM, has been barred for submitting a false affidavit.  For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more