New PLSA committee to promote, defend master trust pension model

first_imgThe UK’s Pensions and Lifetime Savings Association (PLSA) has established a master trust committee to promote and defend the master trust model of pension provision to government and regulators.The announcement of the committee’s creation comes shortly before a pensions bill is expected to be laid before Parliament, with the government having indicated that it will introduce stricter regulation of master trusts, something for which the UK pensions regulator has been arguing. Opening the PLSA’s annual conference in Liverpool today, Lesley Williams, chair of the association, said that, although master trusts have been around for decades, there are “new breeds” taking on millions of new auto-enrolment savers, and that master trusts had become a bigger part of the pension market than many would have imagined.Regulation will have to adapt to cope with the risks and benefits of master trusts, she said, noting that the pension providers would help shape the agenda of the 2017 review of auto-enrolment. Chris Hitchen, chief executive at RPMI Railpen, will chair the Master Trust Committee, while Emma Douglas, head of defined contribution at Legal & General Investment Management (LGIM), was voted vice-chair by the other members of the new committee.Comprising 13* senior executives in total, the committee will set the PLSA’s strategic direction on master trust policy, promote and support the development of the master trust market, and help savers in master trusts achieve a better income in retirement.Joanne Segars, chief executive of the PLSA, said a “top priority” for the association was to represent the entire workplace pension “community”.“Master trusts are a major force in today’s pensions landscape, counting many millions of the newly enrolled pension savers as their members,” she said.“As they grow in scale and in number, they face a growing number of complex issues – many of them unique to master trusts.“Our new Master Trust Committee will ensure there is a dedicated voice for master trusts to government and regulators.”She said the committee would advocate for master trusts “as a model of strongly governed and value-for-money schemes” and help to develop a strategic and pro-active policy framework. Hitchen said master trusts had played a key role in the success of auto-enrolment, especially among smaller businesses.“With the government’s plan to regulate master trusts within the Pensions Bill, the PLSA’s Master Trust Committee will relay the message that master trusts embrace high standards and wants to ensure the regulation and legislation governing master trusts continues to benefit savers,” he said.The Committee will meet four times a year and may on occasion hold a joint meeting with the PLSA’s defined contribution council and/or defined benefit council. Walk the talkIn other news, the PLSA is to carry out a comprehensive review of the organisation’s governance to ensure it supports the PLSA’s work on behalf of its members and all stakeholders, operates effectively and attracts the right people.Announcing the review at the association’s annual conference in Liverpool today, Williams said: “We have to make sure we walk the talk of 21st-century governance.”Last year, the association announced it was reinventing itself to capture changes in the way people save for retirement.Williams said “great progress” had been made but that “there is more to do”.The review will start immediately and run until October 2017.The board will consult with members on any potential proposals in the New Year. *The other members of the master trust committee are Ken Anderson, head of DC solutions at Xafinity; Helen Dean, chief executive of NEST; Tony Filbin, chair of BlueSky; Jamie Fiveash, chair, PLSA DC MES Forum; Patrick Heath-Lay, CEO of The People’s Pension; Bruce Kirton, CEO of Welplan; Fiona Matthews, CEO of Lifesight; Elspeth McKinnon, CEO, Cheviot Trust; Gary Smith, chair, Atlas; Michael Ramsey, CEO of The Pensions Trust; and Andy Waring, CEO of Ensign.last_img read more

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How Brianna Butler specialized herself into Syracuse’s offense

first_img Facebook Twitter Google+ Despite assists actually leading to points, Hillsman demands Butler be on the receiving end, not giving. He references former Orlando Magic forward Dennis Scott as Butler’s NBA comparison. Scott led the league in 3s in the 1995-96 season but averaged less than three assists per game. Butler averages less than two.They’re both high-release shooters who can roll out four to five makes in a row, SU’s head coach said. Butler prefers instead to pattern her game off childhood icon Ray Allen and reigning NBA MVP Stephen Curry.Both specialize behind the arc, but what piques Butler’s interest is what comes before the shot. She studies how they read screens and set themselves to shoot in traffic.“The hardest part … is when a team’s really overplaying you for shooting,” Butler said. “They see you as a 3-point shooter so they try and run you off your spot and make you have to do other things off the dribble to get the 3-point shot off.”The hardest part … is when a team’s really overplaying you for shooting. They see you as a 3-point shooter so they try and run you off your spot and make you have to do other things off the dribble to get the 3-point shot off.Brianna ButlerIn Syracuse’s “program-changing” win over then-No. 10 Florida State on Thursday, Butler wove around a Bria Day screen to her left that blocked guard Emiah Bingley. The senior set her feet at the top of the arc, staring down 6-foot-5 center Kai James, and unleashed her shot just above James’ outstretched right arm.Butler banked the ball through the net. It capped off a 12-point, 4-for-7 3-point shooting performance in the first quarter. But she didn’t make any of her eight attempts the rest of the game.Butler’s performance was just an average one by the game’s end. At halftime it was good, but after the first quarter it was great. It’s the life of a shooter, and it’s the only one Hillsman’s ever wanted her to live.“Coach had so much faith in her shot and he knew the potential she had to be a pure shooter and the shooter she is now,” Sykes said. “That credibility behind the number 13 is just forever going to be in the books.” Comments Larry E. Reid Jr. | Staff Photographer Related Stories What She Does: Brianna Butler will keep shooting 3s for Syracuse after disappointing seasoncenter_img Published on February 25, 2016 at 1:43 am Contact Connor: [email protected] | @connorgrossman Brittney Sykes’ eyes widened recalling the statements from head coach Quentin Hillsman three years ago. Standing with fellow freshman Brianna Butler at the time, their new head coach’s instructions were clear, and directed at Butler.“’I don’t care if (the opponent) has their hand in your face,’” Sykes remembered Hillsman saying. “‘You shoot the ball.’”Hillsman delivered his demands at the soft-spoken, 5-foot-11 then-freshman whose recruiting pitch was predicated on her taking 300 3s and making one-third of them. She wasn’t used to taking every shot, only certain ones in space.But Hillsman admired Butler’s high release. He applauded her smooth stroke that lent itself to consistency. He believed she was the best shooter in the country.The message became increasingly clear: Don’t shoot, don’t play.AdvertisementThis is placeholder textThat’s how Butler became the country’s most prolific 3-point shooter.“I just took into it,” Butler said of her specialized role. “I’ve always been able to shoot, and I was just putting up more shots.”She heeded her coach’s vision, and the senior guard has logged more minutes than any Syracuse player in the last four years en route to becoming the NCAA Division I active leader in career 3s. Butler has the three best 3-point shooting seasons, by field goals made, in program history. With three makes from behind the arc for No. 18 SU (22-6, 12-3 Atlantic Coast) against Boston College (14-13, 2-12) on Thursday at 7 p.m., she’ll surpass her own high watermark.Shooting had always been her calling card, but never to Hillsman’s extreme. Butler had to assimilate herself to the Orange’s offense before becoming its catalyst. That meant believing a contested 3 was more valuable than driving to the basket.Butler has a God-given stroke. You very rarely see a player that has such a smooth, sweet stroke that she does. It is just pure. There’s no glitches to it. It’s one motion. You would pray to have a stroke like that.Brittney SykesHillsman identified Butler as a reluctant shooter coming into his program, and in turn she only put up six shots in her collegiate debut. She attempted more than 10 shots in only eight of 32 starts as a freshman.But the stat sheet speaks to Butler’s evolvement, how an initial shooting hesitancy confined her to average seven points per game as a starter. Now she’s averaging 15 shots per game to complement her 14 points a game.Her role doesn’t come without its perils, and Butler’s abundance of shots taken has led her to miss an NCAA-worst 216 3-point attempts. But Hillsman never steered her away.“I think it should be easy,” Hillsman said of being a shooter. “If you were a player and the coach said, ‘Shoot the ball every time you touch it and I don’t care if you make it or not,’ I don’t see that being pressure.“If my coach told me to shoot the ball every time, I wouldn’t ever have an assist. Ever.”last_img read more

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A Dollar (store) goes a long way

first_imgOnce mocked, they are booming  Garth A. RoseThere was a time when some South Floridians scoffed at shopping at dollar stores. However, as more families struggle with relatively low incomes they are turning to these low-price bargain stores.  And, as the demand for bargains increase, dollar stores have sprung up across the region.They include national chains like Dollar Tree, Dollar General and Family Dollar. Dollar Tree currently has over 90 stores in South Florida. Florida is one of their largest markets, second only to California.Today’s discount retail has come far from its past of mangy products and dinky layouts. Many discount chains have overhauled their stores, including larger food selections, more health and cosmetic products and even pharmaceutical services.“The image of dollar stores has changed dramatically over the years,” says consumer analyst Paula Dalton of West Kendall. “Dollar stores are now reputable enterprises, and similar to the Woolworth chain of the past. There are over 30,000 dollar stores in the US today, a 25 percent growth rate since 2011. This exceeds the growth of Wal-Mart which has grown some 20 percent since 2011.”Dalton notes however that it’s the availability of dramatically-reduced prices that attracts new clients – often millennials setting up house, and shoppers who previously shunned dollar stores for traditional retailers.“The attractive prices dollar stores offer has a strong pull on customers,” says Dalton. “Plus, the quality of their merchandise has improved. These stores definitely meet the needs of customers with limited cash in their pockets.”Dalton predicts that competition from these discount stores could weaken sales from traditional retail and department stores.“To be profitable, most of the traditional stores catering to local consumers will need to cut prices to attract shoppers. This is what dollar stores do.”Miami resident, Tammy Saunds, said in the past she mocked her sisters for shopping regularly at dollar stores, but now confesses to be a regular customer.“These stores now have such a wide variety of goods of improved quality, that meets the needs of people who are hurting financially.” says Saunds.“I now purchase toiletries, snacks and kitchen-ware at dollar stores.”This recent boom seems like a renaissance for the typical American discount store, originally known as “dime stores”, which have a long history of serving consumers during harsh economic times since the 19th century.Dime stores grew in popularity after the American Civil War, selling a variety of inexpensive goods, meeting the demands of consumers who couldn’t afford the high inflationary prices of wartime.last_img read more

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Nigeria miss flight to Brazil for Confederations Cup

first_imgNigeria have missed their flight to Brazil because of a row over players’ bonuses, BBC Sport has learned.The Super Eagles are due to play their first match in the tournament on Monday but they remain in Namibia after Wednesday’s World Cup qualifier.Nigeria’s players are unhappy after they were offered a $2,500-a-man bonus for the 1-1 draw in Windhoek, insisting they want double that amount.And it appears they have refused to travel while the dispute continues.It raises questions over whether the African champions will participate in the tournament which runs from 15-30 June.Nigeria Football Federation (NFF) president Aminu Maigari met the team on Wednesday night in Windhoek to explain to them that the organisation has no choice but to make drastic cuts in its expenditure. Last week, local media reported there was a players’ revolt in Kenya over the bonus when the Super Eagles beat the home team 1-0 in another 2014 World Cup qualifier.The players wanted to be paid $10,000 each for the win in Nairobi but several officials rejected the claims.The cash-strapped NFF has been forced to cut back on backroom staff of the various national teams, including the Super Eagles, after an expensive Africa Cup of Nations campaign in South Africa.They had even considered pulling out of the 2014 Championship of African Nations (CHAN) for players in the local league because of poor finances before a change of heart.Nigeria were due to fly out of Windhoek to Johannesburg on Thursday bound for Sao Paulo before continuing their journey to Belo Horizonte, venue of their opening match of the Confederations Cup against Tahiti.last_img read more

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Mandzukic fires Juventus into Champions League last 16

first_imgTurin, Italy | AFP | Mario Mandzukic scored the only goal as Juventus eased into the knockout stages of the Champions League on Tuesday with a 1-0 win over Valencia in their Group H clash.Cristiano Ronaldo provided the assist that allowed the Croatian to tap in just before the hour mark in Turin.The win for the Italian champions, who only needed a point to ensure qualification, combined with Manchester United snatching a late 1-0 win over Young Boys at Old Trafford means Valencia crash out of the competition.Massimiliano Allegri’s side will now have to wait to see whether they top the group when they play their final group game mid-December in Bern against Young Boys.Juventus have 12 points from five games with Manchester United on ten.“We’ve grown from last year,” said Allegri, whose side were knocked out in the quarter-finals last year by Real Madrid.“We have become faster in playing the ball, then of course, there is Cristiano Ronaldo … but we made some mistakes and we did not get a second goal, we have to improve.“Ronaldo gives us a sense of security and confidence, but the team is essentially the same as last season.”Ronaldo came out firing on all cylinders after his controversial red card during his first Champions League game for Juventus in Valencia back in September, which Allegri’s side still won 2-0.The five-time Ballon d’Or winner was in top form in the Allianz Stadium with chances in the first three minutes, including a powerful drive straight at Valencia’s Brazilian goalkeeper Neto. Juventus controlled the game with Rodrigo Bentancur and Blaise Matuidi masters of the midfield with Dybala up front flanked by Ronaldo and Mandzukic.Miralem Pjanic and Giorgio Chiellini had penalty calls waved aside, with Ronaldo again skimming the post after 25 minutes.A clever Leonardo Bonucci backheel flip was picked up by Joao Cancelo whose curling effort flew past the post to the frustration of Ronaldo who had been position for the pass.However the hosts could thank goalkeeper Wojciech Szczesny for going into the break 0-0 when his one-handed save stopped Mouctar Diakhaby’s searing header.Juventus piled on the pressure after the break with Neto denying Ronaldo from a free-kick.But Mandzukic broke through in the 59th minute as Ronaldo shook off Gabriel with some fancy footwork and flashed a low shot across the face of goal that found the Croatian forward, who just had to finish off.Valencia thought they had scored two minutes later but Diakhaby’s header was ruled out and the defender penalised for handball.The Spaniards could thank Neto for limiting the damage, clearing a curling Dybala shot and a late Ronaldo header.“We should have been sharper going for the second goal,” said Allegri.“Valencia proved they are in good shape, have the best defence in La Liga and it’s not easy to score against them.”Share on: WhatsApplast_img read more

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Tropical Wave Could Soak South Florida This Weekend

first_imgOur region can expect on and off rain through the weekend, with partly to mostly cloudy skies.Most areas could receive two to four inches of rain, with locally heavier amounts possible in some areas. Photo courtesy: WPEC/CBS12 You might want to wait to make those outdoor weekend plans, or carry that umbrella with you.According to forecasters, a tropical wave that is currently over the Turks and Caicos has a 40 percent chance of developing over the next two days, and a 60 percent chance through the weekend.It is moving toward South Florida, and could become a tropical depression as it starts to move ashore on Saturday.last_img read more

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City of Tenino Modifies Procedures During COVID-19 Pandemic

first_imgFacebook17Tweet0Pin0Submitted by City of TeninoHaving proclaimed an emergency on March 12, 2020, due to the COVID-19 pandemic, Mayor Wayne Fournier announced today that the City of Tenino has modified certain procedures related to the manner and means the City will use to continue to provide services to the citizens of Tenino.To the extent permitted by Governor Inslee’s Proclamation 20-05, as amended, the City has directed it’s employees to continue to work while observing all Social Distancing Guidelines as set forth by the Washington State Department of Health:https://www.doh.wa.gov/Portals/1/Documents/1600/coronavirus/SocialDistancingGuidance.pdfhttps://www.doh.wa.gov/Emergencies/NovelCoronavirusOutbreak2020/CommunitiesandCommunityOrganizationsThe modified procedures refer to nine (9) broad categories, including Utility Billing, Permits, Inspections, and Tenino Municipal Court Operations, among others.  All modifications are fully explained on the City’s website, which can be accessed here:  https://cityoftenino.us/cityhall/page/modifications-procedures-due-covid-19last_img read more

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