Chesterton crashes £6.5m into the red

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Aegon UK, family business plans add £153m to 2019 bulk annuity activity

first_imgThe Aegon UK Staff Retirement and Death Benefit Scheme has completed its first buy-in, a £144m (€168m) deal with Phoenix Group.The insurance policy covers around a quarter of the uninsured pensioner liabilities, according to a statement.Maurice Brunet, chair of the trustees, said: “This is a key milestone for the scheme being the first buy-in as part of our long-term derisking strategy.“It helps to improve long-term security for all of our members by reducing the scheme’s exposure to future investment and longevity risks.” The trustees were advised by Hymans Robertson and Burness Paull. The transaction takes Phoenix’s year-to-date bulk annuity volumes to nearly £2bn.Separately, the Carter & Parker Limited Staff Retirement Benefits Plan (1975) has struck a £9.3m deal bulk annuity deal with Canada Life, which made the winning bid in an auction process.The pension plan is for the employees of family business Thomas B Ramsden and Co, which is more than 120 years old.K3 Advisory, a specialist independent bulk annuity and consolidator advisory business for the UK pension market, provided advice for what it said was its first bulk annuity transaction with client H&C Consulting Actuaries.Austen Ramsden, managing director of Thomas B Ramsden, said: “The specialist knowledge that K3 was able to provide, alongside the clear direction and diligence from H&C, has allowed us to secure pensioner members’ benefits below the level at which we were funding those liabilities, which I consider to be a real result.”Adam Davis, managing director at K3 Advisory, said: “Historically, small schemes have not had access to the same resources, and therefore solutions, as their larger counterparts making their situations much more challenging.”“This transaction demonstrates the best of what K3 is about, helping a small defined benefit pension scheme to not only access the bulk annuity market, but to drive excellent pricing akin to the level big schemes achieve without compromising on best member outcomes.”2019 has been a record-breaking year for bulk annuity deals in the UK pension market pension liabilities, with some expecting £40bn worth of defined benefit liabilities to end up being insured.last_img read more

John and Joan Hillenbrand Vision Fund grant promotes ‘Little Green Thumbs’

first_imgMaria Voegele, McKenzie Maple, Libby BoedickerBatesville, In. — A $700 grant from the John and Joan Hillenbrand Vision Fund will be used to improve the garden at St. Louis Catholic School. Fifth-grade students lead by Mrs. Emsweller will build three raised-bed gardens to raise vegetables.Santiago Schutte, Riley Schrank, Anna Moore, Greta Rennekamp, and Marc MenesesStudents also created books with information how to grow vegetables and ways to use them in dishes like zucchini bread, chicken pot pie and stuffed peppers.last_img read more

Routledge blow for Swansea

first_img Montero will be available for selection for Saturday’s FA Cup fourth-round trip to Sky Bet Championship side Blackburn and midfielder L eon Britton is also in contention for that game after missing the Chelsea defeat with a groin strain. But captain Ashley Williams is set to to miss the trip to Ewood Park after sustaining a shoulder injury against the Premier League leaders. Press Association Swansea winger Wayne Routledge has been ruled out for four weeks with a calf strain.center_img Routledge, who has featured in 19 of the club’s 22 Barclays Premier League fixtures this campaign and scored three times, came off after only 32 minutes of last weekend’s 5-0 home defeat to Chelsea. But there was better news for Swansea manager Garry Monk on Tuesday as Ecuador international Jefferson Montero returned to full training for the first time since sustaining a hamstring injury in the 1-0 victory against Aston Villa on Boxing Day. last_img read more

Tunisia dismiss Zimbabwe 4-2 to reach Afcon quarter-finals … Algeria eliminated

first_imgTUNISIA secured their place in the Africa Cup of Nations quarter-finals as Group B runners-up with an easy win yesterday – 4-2 over bottom team Zimbabwe.Naim Sliti’s deflected shot put Tunisia ahead before Youssef Msakni and Taha Khenissi extended the lead.Knowledge Musona grabbed one back but a Wahbi Khazri penalty restored Tunisia’s three-goal cushion by the break.Tendai Ndoro prodded in a Zimbabwe counter, before Khenissi hit the post in a wasteful second half.The 2004 champions go on to play Burkina Faso in Gabon’s capital Libreville on Saturday.In the Group’s other game, a much-changed Senegal, already qualified as group winners, drew 2-2 with Algeria, who finish third and are eliminated.Senegal, runners-up in 2002, will play Group A runners-up Cameroon in the last eight.Tunisia only needed a draw to progress to the knockout stage following their 2-1 victory over Algeria on Thursday.And they were rarely stretched as Zimbabwe failed to conjure anything like the quality of their opening performance – a surprise 2-2 draw against the Algerians, much-fancied before the tournament started. (BBC Sport)last_img read more

Guyana’s Shaquel Agard to join star-studded Team Econo Car for T&T cycle meets

first_imgTWENTY-year-old Guyanese cyclist Shaquel Agard will join a star-studded Team Econo Car to compete in two road races in Trinidad and Tobago, starting tomorrow.According to information received, the Guyana Cycling Federation’s (GCF) Most Improved Cyclist for 2016 was invited by the management of Team Econo Car, Roger Farrel and Peter Sue, to be a part of their Team.The team includes cyclists from the Caribbean, North and South America and Europe.He is being assisted financially by Duckie’s General Store and Qualitest Laboratory, both of Guyana, to make the journey to the Twin Island Republic.Tomorrow, Agard will work with the team for the Michael Phillips Republic Day Classic in Port of Spain, Trinidad, while from September 27 he will also be a part of the team for the Tobago Cycling Classic which will culminate on October 3 on Beacon Avenue, Tobago, with a criterium race.Earlier this year, the Linden Bauxite Flyers cyclist spent some time in Pennsylvania, USA, training under the watchful eyes of United States’ Master Criterium champion Guyanese Aubrey Gordon.The Tobago Classic is a UCI-sanctioned event.last_img read more

Chelsea v Spurs: Player ratings

first_imgJuan Mata’s controversial goal will make the headlines but what about his all-round performance? He was involved in much of his team’s best work against Spurs and arguably the man of the match. Here’s how we rated Chelsea’s players…Petr Cech: 6Perhaps fortunate not to be sent off after bringing down Emmanuel Adebayor, but the fact Cech was a spectator for much of the game puts Tottenham’s complaints about Juan Mata’s controversial goal in context.Jose Bosingwa: 7Potentially the weak link in Chelsea’s line-up given that he was up against Gareth Bale. Did well after a shaky start, although Bale was not at his best.AdChoices广告John Terry: 7Summed up his importance to the Chelsea cause with a typical captain’s performance. Was in the right place to clear off the line when Spurs were dominating prior to Didier Drogba’s opener.David Luiz: 6Was putting in another assured display before being caught napping for Tottenham’s goal. Will be missed against Barcelona if, as expected, he is sidelined for Wednesday’s game through injury.Ashley Cole: 7Quiet going forward but very effective defensively. Gave Aaron Lennon no change at all.Ramires: 7Not at his very best, but as energetic as ever and finished nicely for the all-important third Chelsea goal.John Obi Mikel: 5Struggled to impose himself in midfield and was dominated during a first-half spell in which Spurs almost went ahead.Frank Lampard: 8Continues to make a mockery of Andre Villas-Boas’ eagerness to phase him out. Glorious strike for Chelsea’s fourth goal and produced an all-round composed display.Juan Mata: 8Aside from his controversial goal and a decent chance he failed to take in the first half, the Spaniard was again exceptional. His pass for Ramires summed Mata up and his movement and creativity caused Spurs major problems.Salomon Kalou: 6A couple of decent moments in the first half but otherwise struggled to impose himself.Didier Drogba: 8Scored a great goal and led the line superbly. Far too strong for fading ex-Chelsea man William Gallas, who was woeful.Gary Cahill: 6Came on for the injured Luiz and helped steady the ship before Chelsea dominated the final stages.Click here for the Chelsea v Tottenham quizSee also: Controversial Mata goal helps Blues thrash Tottenham Di Matteo insists Chelsea deserved Wembley triumphDi Matteo confrms Luiz is a doubt for Barcelona clashFollow West London Sport on TwitterFind us on Facebooklast_img read more

USC’s playoff hopes alive

first_imgThe year was 2009. Barack Obama had been sworn in as president about two months earlier. The iPhone didn’t have a built-in video camera feature yet. I forget whether I had joined Facebook yet.But there’s one thing about that year I certainly won’t forget. USC men’s basketball won the Pac-10 Tournament that spring.It seems like a distant memory, but it’s one any lifelong Trojan sports fan should certainly remember this week.“It ain’t over ‘til it’s over,” is one of the oldest sports adages of all time. Whether you remember it as the quintessential Yogi Berra-ism or as Lenny Kravitz’s 1991 single, know that it is especially true in college basketball.The phrase usually takes on a figurative term in sports — you still shouldn’t head to the exits yet, but I don’t think a basketball team can physically come back from a 30-point deficit with 15 seconds to play. At least for those in a traditional conference, however, a Division I NCAA basketball team’s season literally is not over until the team plays its final game.The critique of NCAA basketball is that regular season play does not compare in excitement or significance to that of football. While true, NCAA football finally moved toward basketball this season by adding some sort of a postseason playoff, which proved to be just as awesome as everybody thought it would be.But basketball still has a monopoly over the true Bill Murray Caddyshack Monologue Cinderella Story. Football has no shortages of upsets, but the unique two-tiered tournament style of the NCAA basketball playoffs is really the only system in organized American sports in which a team can go from worst to first in a mere couple of weeks.That’s exactly the position the USC basketball team finds itself in, going into the final week of the regular season. The Trojans are dead last in the Pac-12 conference standings with a record of 3-14. Their overall record is a little better at 11-18, but out-of-conference play would have to get the Trojans above at least .500 for it to matter to the NCAA selection committee. The top team at Alpha Phi’s philanthropy basketball competition this weekend has about as good of a shot at getting an at-large bid to the NCAA tournament as USC.But with conference tournaments, the worst teams during the regular season can still automatically qualify for the NCAA tournament. While the winner of Phi Ball does not get an automatic bid to March Madness, the Pac-12 Tournament winner certainly does .And every team automatically qualifies for the conference tournament, even the last-place Trojans. The team can hypothetically turn its season around by putting a couple good games together and winning the conference tournament.By now, I should probably throw in a reality check, because the team’s chances at winning the tournament are only marginally better than getting an at-large bid. The Trojans would likely have to get past both   No. 5 Arizona and No. 13 Utah to win the Pac-12, and I would be shocked if the Trojans could pull out a miracle win against just one of those teams — let alone both.The Trojans lost at Utah 79-55 then looked even worse when hosting the Utes, falling 67-39. The Trojans only had to play the Arizona once this year, and they also got the benefit of   home-court advantage in that one. But the Wildcats stomped the Trojans 87-57, the worst of the three losses that were all by at least 20 points.The layout of the conference tournament actually plays to USC’s advantage quite a bit. Unlike the March Madness tournament in which the 16-seed has to face the 1-seed right out of the gate, the Trojans would only have to take down the 5-seed in the Pac-12 in the first round of the tournament. The top four seeds in the conference get a bye in the first round.And rather than reseed the competition after every round so that the highest and lowest seeds always match up against each other — the NHL used to format its playoffs this way until last season — the Trojans would just have to play whomever is on their side of the bracket. The winner between the 5-seed and 12-seed plays the 4-seed in the second round, so the Trojans would hypothetically avoid both of the conference’s heavy hitters for the first two games.The Trojans would likely have to go through 1-seeded Arizona in the semifinal then 2-seeded Utah in the final, but even that’s up in the air. Arizona will hit the winner of the 8-seed v. 9-seed game in its first game. Arizona State is currently tied for eighth place in the standings and is my guess for whom would play the Wildcats in the second round. Sure enough, one of Wildcats’ two in-conference losses this year was to their in-state rival, so an upset in that game is not out of the picture. Utah has four conference losses this season and could also slip up against one of the middle-of-the-pack teams before reaching the Pac-12 final.And despite their record, the Trojans have actually looked competitive against the rest of the conference for the most part. With the exception of a trip to Colorado and a home game against UCLA, the Trojans have been within 10 points of every conference game and within five points of several occasions. The Trojans are one or two baskets away in many of these games, and they even won a trio.The team might not look anything like the 2009 squad. It featured two current NBA players in DeMar DeRozan and Taj Gibson. The Trojans came in as the 6-seed and only had to battle nine other opponents before the conference expanded. It was Tim Floyd’s final year as the head coach of the team, as the NCAA discovered the program’s ascent to new heights was due at least partially to recruiting violations by Floyd.But I haven’t forgotten that 2009 team, so I won’t forget to watch the Trojans try to save their season next week in the conference tournament. They face UCLA on Wednesday to close out the regular season, which hopefully gets them fired up for the final stretch.If the Trojans do pull off the miracle and win an automatic tournament bid, I’d have to borrow another great Yogism: it’d be like deja vu all over again.Luke Holthouse is sophomore majoring in policy, planning and development and broadcast and digital journalism. His column, “Holthouse Party,” runs on Wednesdays.last_img read more

Syracuse men’s basketball game day: Everything to know about Georgia Tech matchup

first_img Published on March 4, 2017 at 1:30 am Contact Paul: pmschwed@syr.edu | @pschweds Facebook Twitter Google+ Syracuse (17-13, 9-8 Atlantic Coast) wraps up its regular season against Georgia Tech on Saturday at 4 p.m. in the Carrier Dome. The Orange has lost four of its last five, including a road loss against the Yellow Jackets nearly two weeks ago.Here are answers to your game day questions.How can you watch the game? Syracuse-Georgia Tech will be broadcast on the ACC Network. In the Syracuse area, it’ll be on the CW. Here are channel listings based on provider.• Time Warner: 1212 (high-definition) or 6 (non-digital subscribers)• DirecTV: 14• Verizon Fios: 506 (high-definition) and 6 (standard-definition)• Dish Network: 14• New Visions: 606 (high-definition) and 6 (standard-definition)Here are channels the game will be on throughout the rest of New YorkAdvertisementThis is placeholder textAlbany (WNYA)Binghamton (WBPN)Buffalo (WNLO)Burlington-Plattsburgh (WPTZ-D3)Elmira (WJKP)New York City (WLNY)Rochester (WHAM-D2)Utica (WPNY)Watertown (WWTI)For listings in other states, check here.Is Syracuse ever out of a game? Because of its full-court press, the Orange has stayed alive despite trailing by double digits in eight straight games.How does Carrier Dome security gear up for court-stormings? After three in the past month, security guards have grown accustomed to the procedure.What motivates Georgia Tech’s Corey Heyward? His late father is the reason he puts on his jersey.How badly do the Yellow Jackets need to beat Syracuse? A GT beat writer weighs in.What did each team’s head coach say before the matchup? They spoke on the ACC coaches teleconference.Will Syracuse make the NCAA Tournament? A bracketologist projected the field.How has John Gillon hit 47 straight free throws? He’s adjusted to shooting in the Carrier Dome.How has Tyus Battle’s game evolved? He’s incorporating a mid-range jumper recently.What is Tyler Lydon focused on this time of year? He’s blocking out the noise surrounding him and his teammates.Who is Syracuse’s biggest fan? Neil Gold has hardly missed a beat of SU hoops. He’s attended virtually every game over the past 21 years.What do our beat writers predict? They all agree on who will win.Anything else to know about Georgia Tech? Here’s a preview of the Yellow Jackets. Commentslast_img read more

Water polo faces five opponents this weekend

first_imgSophomore driver Jacob Mercep is playing in his first season at USC after transferring from San Jose State. (Emily Smith | Daily Trojan)No. 1 USC will compete in Riverside, Calif. at the Lancer Invitational on Friday and Saturday before returning home to face UC Santa Barbara on Sunday at 1 p.m. The team looks to keep its undefeated streak through five matches this weekend and improve its 12-0 record.On Friday, the Trojans will kick off the Lancer Joust at noon against California Baptist followed immediately by a match against La Verne at 1:30 p.m., who USC already beat earlier in the season, 20-5. USC has not played the Lancers this season but hold an overall 13-0 record against Cal Baptist after a 16-6 win in 2017. The Lancers currently hold a 7-7 overall after falling to UC Davis 12-10 and beating Redlands 14-10 last week. Although the Trojans have had an outstanding season so far, sophomore driver Sawyer Rhodes said they make every game count regardless of past outcomes.“[We] just keep pushing, don’t get soft or think you’re better than anyone else,” Rhodes said. “[We] just take every game one at a time, [and] don’t really focus on the fact that you already beat them or the fact that you’re tired. Just play every game to win it and do your best.”On Saturday, the Trojans will face Concordia and Redlands. USC has played against both teams, beating Concordia twice (23-5 and 32-7) and Redlands 23-2. The home opener this season was against Concordia, improving USC’s all-time overall against the Eagles to 9-0.   Concordia enters the week at 3-8 overall after a 14-4 loss to UC Davis last week. Redlands is currently at 3-9 overall after a 6-4 loss to Claremont-Mudd-Scripps and a 14-10 loss to Cal Baptist last week. USC improved 10-0 all-time against Redlands after a victorious match at the Inland Empire Classic earlier this season.   On Sunday, the Trojans return to home waters to compete against No. 5 Santa Barbara at 1 p.m. The Gauchos fell to the Trojans earlier this season, 10-3. UCSB enters the week 12-4 overall after beating Pepperdine 16-4 and losing in a close match against Stanford 9-7. Gauchos senior driver Boris Jovanovic leads in scoring with 50 goals in his collegiate career so far. USC holds an all-time record of 73-12-2 against UCSB with wins in the past 55 matches, including a 10-3 win earlier this season at the Aggie RoundUp.  With five games coming up this weekend, the Trojans are working hard in preparation. All of these matches will culminate in their big match against rival Stanford the following weekend up north.   “I think it is a big test to see how well we can play, especially on Sunday coming back and playing Santa Barbara here,” Rhodes said. “They’re a pretty tough team so being able to get through the week and finish on a good note will … raise our spirits… [If we win] we’ll have probably a mellower week while we prepare for Stanford.”last_img read more