People moves: Essex scheme seeks investment adviser

first_imgATP — Christine Schmitz has been appointed as the leader of the new administrative body set to manage the Denmark’s senior pension – the new early-retirement disability pension introduced in January this year. Seniorpension, as the new organisation is to be called, will be a subsidiary of statutory pensions giant ATP, and will begin operating in January 2021, when ATP takes over responsibility for running the state benefit scheme nationally.Since its initiation at the beginning of this year, the scheme has so far been managed by local authorities around the country. The senior pension reform stems from a cross-party agreement in May 2019 and in its current form, the benefit allows those with 20-25 years of full-time employment, who cannot work more than 15 hours a week, to receive a pension up to six years before normal retirement age.Schmitz, who has been appointed as a deputy director of ATP, joins from Deloitte, where she was a partner responsible for tasks for the state and municipalities, especially in the area of employment. ATP said she would start work in the new role on 15 August.The Pension SuperFund (PSF) – The PSF, one of the two commercial defined benefit consolidation vehicles actively operating in the UK, has announced the composition of its asset and liability management (ALM) committee, which provides strategic and operational recommendations to the PSF’s joint investment committee.Joining managing partners Edmund Truell and Luke Webster on the ALM committee are some high-profile names:Chris Hitchen – chair of the PSF and of the Border to Coast local authority pension pool, non-executive director of NEST and former CEO of Railpen;Kari Stadigh – former president and CEO of Nordic insurance group Sampo and vice chair at Nokia. The PSF has reportedly received equity backing from Sampo;Wolf Becke – former CEO of Hannover Life Re and board member of Hannover Re Group. Current board mandates include chair Aegon Blue Square Re N.V, vice chair of FWU AG and senior independent director of Vitality Life. He is also a member of the PSF’s ‘committments’ committee;William Maltby – former vice chair of investment banking at Deutsche Bank and currently chair of NB Private Equity and Ekins Guinness;Martin Gilbert – chair of Aberdeen Standard Investments, co-founder and formerly CEO of Aberdeen Asset Management. Former chair of the Practitioner Panel at the Prudential Regulatory Authority; andIan Edward – former investment banker and serial entrepreneur and private equity investor across a variety of sectors including financial services, food & leisure. Currently non-executive director of Pizza Pilgrims and co-founder of Hippo Inns. Essex Pension Fund, ATP, The Pensions SuperFund, Lothian Pension Fund, Falkirk Council Pension Fund, Fife Council Pension FundEssex Pension Fund – The scheme is seeking to appoint an independent investment adviser to advise its investment steering committee (ISC). It is intended that the appointment should be effective from November 2020. The appointment will be for an initial period of three years – with an option for the fund to extend it for a further period on the same terms and conditions.The fund is growing towards a value of £7.5bn (€8.2bn). Details of the strategic asset allocation and investment structure, including details of all current mandates, are set out in the scheme’s investment strategy statement (ISS). The draft ISS is currently out for stakeholder consultation and can be found here.Candidates wishing to express interest in this position should contact Samantha Andrews, the scheme’s investment manager by Friday 18 September 2020 at 5pm UK time via email. Lothian, Falkirk and Fife pension funds – The three Scottish local government pension scheme (LGPS) funds’ joint investment strategy panel (JISP) has appointed three independent advisers. Scott Jamieson has been reappointed and Kirstie MacGillivray and Stan Pearson will take up the position for the first time. The panel used to have two independent advisers – Jamieson and Gordon Bagott.The JISP comprises senior officers as well as the independent external investment advisers, who rotate after an initial term of three years. It advises the three pension fund administering authorities on implementation of their respective investment strategies, although these are agreed by the pensions committee of each pension fund and the assets of Lothian Pension Fund, Falkirk Council Pension Fund and Fife Council Pension Fund remain separate. Between them they have some £14bn (€15.3bn) in assets under management.Elaine Muir, head of finance for Fife Council and chair of the JISP, said: “We were impressed by the caliber of candidates we met during the selection process and in Kirstie, Stan and Scott we have an ideal blend of skills and experience to cover our needs for macro, equities and governance fields.”last_img read more

Regretting Surrogacy

first_imgABC News 20 August 2014New film highlights women who agree to be surrogates, then struggle with giving up babies after birth.http://abcnews.go.com/Nightline/video/conception-controversy-regretting-surrogacy-25048043?utm_source=CBC+Newsletter&utm_campaign=bdd728be20-2014_08_20_Nightline&utm_medium=email&utm_term=0_56f2fc828e-bdd728be20-70772305&mc_cid=bdd728be20&mc_eid=e458a49e38last_img

Neymar sets up two goals as PSG cruise into League Cup final

first_imgThis was PSG’s second cup match in three days and coach Thomas Tuchel continued to shuffle his squad.Neymar and Kylian Mbappe, who were unused substitutes as PSG won in the French Cup at Lorient on Sunday, started while Mauro Icardi and Angel di Maria who began that game, shivered on the bench on a below-freezing evening in Champagne country.The home team, lying eight in Ligue 1, 20 points behind PSG, also made changes from its last league game, as coach David Guion reshuffled his midfield.Neymar set up the first goal for his fellow Brazilian Marquinhos, another star brought back after a coach-enforced rest, after nine minutes.Marquinhos, playing in central defence and as captain, raced in to meet an outswinging Neymar corner.He outleaped the static Reims defenders and his powerful downward header had rebounded into the roof of the net before goalkeeper Predrag Rajkovic could get close to it.After 31 minutes, Neymar again aimed for Marquinhos with an in swinging free kick.When the centre-back missed the ball it caught the man marking him, Alaixys Romao, by surprise and he nodded it toward goal where fullback Ghislain Konan sliced the ball into his own net.Marquinhos showed his appreciation after Neymar set up his goal at ReimsRead Also: Chelsea target axed by PSG after handing in transfer requestNeymar, who produced a combative display, and Mbappe, booked for a late handball, played the full 90 minutes even though the game was settled by the 77th minute.After 73 minutes, Reims midfielder Marshall Munetsi received a straight red card for scything down Marco Verratti.Four minutes later, substitute Nianzou Kouassi forced a rebound over the line to put PSG, eliminated in the quarter-finals last year, three up and sure of a place in the final.FacebookTwitterWhatsAppEmail分享 Loading… PSG will face Lyon, who beat Lille on penalties on Tuesday, in the final at the Stade de France on April 4. Neymar set up the first two goals with curling set pieces as Paris Saint-Germain won their French League Cup semi-final 3-0 away to Reims on a chilly Wednesday night.Advertisement Promoted Content7 Ways To Understand Your Girlfriend BetterWho Is The Most Powerful Woman On Earth?11 Most Immersive Game To Play On Your Table TopCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Stunning Bridges You’ll Want To See With Your Own EyesThe 10 Best Secondary Education Systems In The World7 Breathtaking Train Stations Around The GlobeTop 10 Most Romantic Nations In The WorldBest & Worst Celebrity Endorsed Games Ever Made7 Facts About Black Holes That Will Blow Your MindTop 10 Most Iconic Characters On TV5 Reasons Why The Black Widow Solo Movie Will Be Awesomelast_img read more