Pension bosses call for flexible systems to support increased savings

first_imgMargaret Snowden, chair of the Pensions Administration Standards Association, added: “I think we make it hard for people to save sometimes by insisting that they save X percent every week or every month without fail.“A little bit more flexibility to allow them to increase or decrease contributions as they go through life would be favourable. We need our systems to be a lot more flexible, to cater to what the members actually do.”Bill Galvin, chief executive of the Universities Superannuation Scheme (USS), the UK’s largest pension fund, echoed calls for flexibility to help cope with the rising cost of retirement provision and help individuals “manage through changes in circumstances and changes in their position”.Dean also highlighted research being done by NEST’s Insight arm into the potential benefits of so-called “sidecar savings”. NEST launched a pilot programme earlier this year designed to help auto-enrolled savers build up an emergency pot of liquid savings alongside their pension.She cited Harvard University research that had shown benefits for individual savers in terms of health, financial wellbeing and pension saving, and called for more research into similar areas.“There’s quite a bit of academic research looking at… how can you translate a long-term goal into a short-term goal for someone,” Dean added. “Should you talk about saving a certain amount of money this year? Or is it better to say, ‘you’ve bought a year of retirement’? We need to understand what works in practice: try different things with cohorts of members and do proper A/B testing to see what works.”The PLSA this morning launched a set of “Retirement Living Standards”, an illustrative framework to help individuals picture the lifestyle they want when they retire and what it might cost. Forthcoming regulations should focus on making the UK pension system more flexible for defined contribution (DC) savers, according to speakers at the Pensions and Lifetime Savings Association’s (PLSA) annual conference in Manchester.Helen Dean, chief executive of £8bn ((€9.3bn) DC master trust NEST, called for a more holistic approach to retirement savings, taking into account long-term and short-term savings as well as “scalable, affordable solutions” for the decumulation stage, in particular for lower earners.“Automatic enrolment has been a great thing – it’s got people saving, and it’s a great foundation to build on,” Dean said. “But having built the foundations, we now need to build the house.”She highlighted women and self-employed workers as two groups requiring more flexibility than the current DC system allows.last_img read more


Emenike: Players offer coaches, NFF officials bribe

first_img Emenike says Obasi’s allegations are true but defended the late Stephen Keshi. Keshi was the Super Eagles manager at the 2014 World Cup, and it’s believed that Obasi’s accusations were levelled against him. However, Emenike has come in defence of the former Togo manager but admits there’s a lot of corrupt practices in the national team. “What Chinedu said, he just did not wake up to say this,” Emenike told owngoal. He’s been having this thing in his mind, he needs to take it out, and if I see any ex-footballer that attacks Chinedu, I will attack the person back because he’s saying the truth. read also:Emenike sets promotion target for Belgian side Westerlo ”For me, I have never paid anyone in the national team, and even when I did endorsement with Guinness, I tried to give Stephen Keshi out of the money which he rejected saying he doesn’t need anything from me,” Emenike added. FacebookTwitterWhatsAppEmail分享 Promoted ContentWho Is The Most Powerful Woman On Earth?Birds Enjoy Living In A Gallery Space Created For ThemCouples Who Celebrated Their Union In A Unique, Unforgettable WayWho’s The Best Car Manufacturer Of All Time?8 Fascinating Facts About Coffee8 Weird Facts About Coffee That Will Surprise YouThe Very Last Bitcoin Will Be Mined Around 2140. Read More6 TV Shows That Got Better After A Major Character Had Left10 Risky Jobs Some Women Do6 Extreme Facts About HurricanesMesmerizing Pictures Of World’s Most Beautiful StaircasesTop 10 Tiniest Phones Ever Made Former Super Eagles striker, Emmanuel Emenike, has confirmed that players always like to offer coaches bribe and Nigeria Football Federation (NFF) officials for national team slots. Loading… Former Schalke star, Obasi, caused controversy last week when he revealed that he was dropped from the 2014 World Cup squad because he refused to bribe. Several personalities have reacted to Obasi’s recent allegations with his former teammate, Emenike, the latest player to have a say on the issue. The former Spartak Moscow striker was part of the Nigeria team that won the Africa Cup of Nations in 2013 and was also named in the squad that went to the 2014 World Cup in Brazil.Advertisementlast_img read more


US hit back to take commanding lead

first_img Kimsey claimed a half from his clash with Justin Thomas while Moynihan enjoyed a 2&1 victory over Patrick Rodgers. The afternoon struggles were in stark contrast to a morning session which GB&I edged. The first match was halved with GB&I winning the next two before the United States won the final foursome of the session. The first match-up saw home pair Cory Whitsett and Bobby Wyatt refuse to let the visiting duo of Kimsey and Max Orrin capitalise on the one up lead they held on six occasions. Instead each time Whitsett and Wyatt came back to tie including on the 18th hole when Orrin hit his eagle putt 12 feet past the hole with Wyatt sinking a two-foot birdie to win the hole and halve the match. Next up was Sheffield’s Matthew Fitzpatrick, who became the first Englishman since 1911 to win the US Amateur Championship – propelling him to number one in the world amateur golf rankings – and also win the Silver Medal at July’s Open Championship at Muirfield. He was partnered by Neil Raymond and they went one up against Jordan Niebrugge and Nathan Smith at the par-four fifth, a lead they held until the 15th. The GB&I duo won the par-five 18th when Raymond hit an eagle attempt to three feet and Fitzpatrick calmly rolled the ball in for a one up victory. Raymond told www.usga.org: “To go out in foursomes over here and get the first solid point on the board was very important. I was just really happy to get it done. “I believe in my ability, and obviously believe in the world number one [Fitzpatrick] over here.” The visitors moved further ahead when Garrick Porteous and Rhys Ough defeated Michael Weaver and Todd White, three and one. Victory was clinched at the 372-yard 17th. Welshman Pugh hit his wedge approach shot to four feet. Weaver also hit a fine wedge approach to seven feet, but White missed the birdie attempt. Porteous’ birdie was conceded and GB&I claimed victory. Pugh said: “It gets my [competitive] juices flowing playing for Great Britain and Ireland. “It’s an honour and brings the best out of me.” The hosts then hit back in the final match of the session, Rodgers and Thomas defeating Moynihan and Kevin Phelan two and one. The United States took a lead they never relinquished on the 15th before Rodgers recorded the clinching birdie on the 17th, hitting a 111-yard wedge to six feet. It had looked promising for the visiting side when they established a two and a half to one and a half advantage after the morning foursomes but they were blown away following the change of format. The US were victorious in six of the eight singles with only Nathan Kimsey and Gavin Moynihan avoiding defeat for GB&I. The United States will head into the final day of the Walker Cup with an 8-4 advantage after crushing Great Britain and Ireland in Saturday’s afternoon singles. Press Associationlast_img read more


Redknapp hints at Morrison swoop

first_imgQPR boss Harry Redknapp believes he could prove to be Ravel Morrison’s “last chance” to make a success of his football career. His behaviour off the pitch led to Sir Alex Ferguson selling him when in charge at Manchester United despite his undoubted talent and, since completing a move to east London, has found himself farmed out on loan to Birmingham, QPR and Cardiff. Morrison’s spell in south Wales was cut short earlier in the week and, having failed to make an impact, he returned to West Ham, whose manager Sam Allardyce could look to sell him in January – with some reports suggesting his contract could even be terminated before then. He enjoyed a run in the Hammers team last season but ended up as part of Redknapp’s Championship play-off winning side and now the R’s manager could be tempted to offer him another, possibly final, lifeline. “I liked him,” Redknapp said when asked about the prospect of signing Morrison. “I think I might be last chance. He has got to sort himself out. Fergie ended up getting rid of him, Sam got rid of him and they are top, top managers. “He has obviously got to look at himself somewhere but I’m open to taking those chances with people – I have done it over the years and so maybe I will do it. “He is an amazing talent, I have got to be truthful. He glides over the pitch and has the ability to beat people but he doesn’t put it all together. “There is something missing, isn’t there? There is a screw loose somewhere. He isn’t that bad a lad and has had a hard life. The West Ham midfielder has seen a promising start at Upton Park fade into the possibility of his contract being torn up after his latest loan move to Cardiff failed to ignite his potential. Morrison has a chequered past away from football and the England Under-21 international is currently awaiting trial having been accused of assaulting an ex-girlfriend. “You know what it is like, people might say: ‘he is a waste of time, p**s him off’ but I would hate to see it. Where is he going to be in 15 years’ time? I will probably be six-foot under but where will he be?” Redknapp, who held a meeting with owner Tony Fernandes in Malaysia on Thursday, revealed he will not have any money at his disposal in the January transfer window. The club currently sit 18th in the Premier League and have yet to take a point away from Loftus Road but Redknapp, who oversaw the arrival of 10 new faces over the summer, will be left looking around the loan market to improve his squad – with Morrison an obvious option. “Really we are looking at loans, yes,” he said. “One or two loans if we can but I don’t know from where. I couldn’t sit here and say we were close to getting anybody on loan at the moment, we are not. But that was where we were at. “I had not thought about him (Morrison) but someone mentioned him. It’s a gamble, but if you are in the loan business you are in the gambling business, aren’t you really? “You are going to go and gamble on someone, you are not going to go and get on Wayne Rooney tomorrow, or Raheem Sterling, are you? You are going to take a chance on one or two. “I think he’s got the ability to play. It’s just if he wants to, he’s got to sort himself out. But he hasn’t done anything and he’s not the only one like that.” Press Associationlast_img read more


Shoah Foundation film to be shown at film festival

first_imgDays after losing her parents, Xia Shuqin and her sister were found standing in the rubble of their house by an American missionary, who was taking a picture of the scene. In the present, the Nanjing Massacre survivor is sharing her experiences with her grandchildren to carry on her family’s history. While creating the documentary, the film team spent several days walking through China with Xia Shuqin and her grandchildren as Shuqin remembered various places from her childhood. Photo from Tribeca Film.The Girl and the Picture follows the life of Xia after the events of the Nanjing Massacre. The documentary, produced by the USC Shoah Foundation, will be shown at Tribeca Film Festival on April 27. “Sometimes it’s hard to understand history without identifying information about people and actual lives,” said Vanessa Roth, the film’s director. “One really powerful way to understand history is to understand [that it] is family history.”The USC Shoah Foundation has maintained an ongoing partnership with the Memorial Hall of the Victims in Nanjing Massacre by Japanese Invaders with the intention of collecting the survivors’ testimonies, making them interactive and bringing them to a larger audience. One of the foundation’s interviewees was Xia, whose own experiences utilizing activism to raise awareness about the massacre appealed to the foundation. Foundation members conducted a closer examination into Xia’s story.“When we brought her to Los Angeles to interview her as part of our interactive testimony, we became more in touch with her story and her experience and this part of that became also her interest in telling the story to her own family,” said Karen Jungblut, director of research and documentation at the Shoah Foundation. According to Jungblut, this initial interest quickly formed an idea for a full-length documentary. Throughout the documentary’s developmental stages, staff members interested in the project focused on the familial bonds and legacy Xia’s wanted to create by sharing her story. “[Nanjing survivor] Madame Xia has been interviewed about the massacre for many years now by many journalists around the world,” Roth said, “We wanted to make a film that was a personal story.” The film team spent days filming Xia and her grandchildren walking through the places in China she knew as a child and looking through photographs from her past, before and after the massacre. “Family members get answers that are personal,” Roth said. “A young child would ask questions about childhood and bring her back to her own childhood.”Now, with the chance for added exposure through the Tribeca Film Festival, Roth said The Girl and the Picture can spread its lessons to a wider audience.“Tribeca is one of the most important film festivals globally,” said Andi Gitow, the film’s executive producer, who is also the director of strategy, partnerships and media production at the Foundation. “It’s not even just about the screening itself that takes place, but the discussions around the screening, the press coverage, the fact that [it] allows Madame Xia’s message and USC Shoah’s message to get out even more.”The film has been submitted to a number of other festivals, including the Newport Beach Film Festival. There are plans to screen the film in China and distribute it through a theatrical release to spread its message worldwide.“It’s this idea of the legacy across generations,” Gitow said. “It’s a legacy of loss, a legacy of resilience, it’s a legacy of family and it’s a legacy of forgiveness. I think the notion is that everyone has stories to tell and it’s important that people share their stories with their own families.”Meanwhile, the foundation has continued to collect 100 other testimonies to be subtitled in English and integrated into the archive by the end of the year. Jungblut said that by bringing in these interviews, more light will be shed on a fragment of history that has not previously received as much attention.“To really understand the global impact of a World War and a war that really happened on different continents and the impact that this history has … from that perspective, I think it’s important to us to bring these stories into the archive with the Holocaust survivor testimonies and other testimonies from other genocides,” Jungblut said.last_img read more


USC travels to face Loyola Marymount

first_imgDespite losing the weekend series to No. 9 Arizona State, the USC baseball team heads into an afternoon game at Loyola Marymount with a certain amount of good vibes partly thanks to junior left-hander Sean Silva.Silva was named the Pac-12 pitcher of the week after allowing only one hit over six innings in his second-ever career start on Friday against ASU. Silva’s strong outing set up freshman right-hander Brent Wheatley to contribute three hitless innings in relief and led the Trojans to a 5-0 victory. The combined one-hitter is a feat that hasn’t been accomplished at USC since 1996.“We’re going to need more of that from him,” USC head coach Dan Hubbs said about Silva’s start.In fact, the Trojans are going to need more of that dominance in the clutch from another pitcher, but Hubbs doesn’t know who that will be yet.Silva stepped in for the start to replace injured junior pitcher Bob Wheatley, and the resulting substitutions have left the midweek starter slot to be determined on a week-to-week basis. As of Monday afternoon, Hubbs still didn’t know who he was going to send to the mound against the Lions.“If I had to guess right now I’d say [freshman Brooks] Kriske, but I don’t know yet,” Hubbs said. “I’m working on it.”Kriske made his first start last month against Louisville and has a 3.31 ERA over just 16.1 innings of work, primarily out of the bullpen. Hubbs also tossed around Brent Wheatley’s name in consideration.In any case, USC will be testing its luck on the dish Wednesday, and the rest of the team’s strategy similarly relies on a series of ifs.“If we throw strikes and are able to mix and match, I think we’re going to be in good shape,” Hubbs said. “Sometimes you just don’t know how those Tuesdays are going to pan out.”But uncertainty and hypotheticals don’t end there. The team is currently licking its wounds after starting pitchers who surrendered dreaded “big innings.”Against Cal State Fullerton, the Trojans jumped ahead to an early 2-0 lead, only to give up six runs in the next inning in what would be a 6-4 loss. In the rubber match against the Sun Devils on Sunday, USC allowed a five-run second inning, ultimately losing 6-5. The effect that those two innings had on the outcomes of the games speaks for itself.“If we limit that to one or two runs, we win the game both times,” Hubbs said.In both “big-inning” games, the Trojans let the game slip away early but were able to fight back each time and cut the deficit to within a couple of runs. Even if it showcases the team’s resilience, those come-from-behind situations are ones Hubbs prefers to avoid, especially since most of them occur because of missed opportunities.In compliance with the ongoing theme of the season, USC left runners stranded on third base with fewer than two outs multiple times in Sunday’s loss and were only able to plate one run on a sacrifice fly with the bases loaded and no outs. For the time being, that clutch hit remains elusive.“If we get that big hit instead of that sac fly, we win the game,” Hubbs said.It’s not enough for the Trojans to say they can turn things around if everything goes right. The same could be said for any team. Instead, what USC needs is consistent performance.And there’s reason for hope. Some young players are starting to step out of that “if” shadow and show that they have more than just the potential to do well.Hubbs praised freshmen outfielders Timmy Robinson, who went 2-for-4 on Sunday and knocked in the team’s first run, and Turner Clouse for his competitive at-bats.“We’re getting a lot of production out of younger players, guys we’re going to have back next year,” Hubbs said.The keys for the game against LMU — and for the rest of the season for that matter — are to capitalize on their consistency and continue to repeat their successes.The Trojans don’t know yet which pitcher they’ll be behind on the mound tomorrow but will take the field at 3 p.m. regardless.last_img read more


Jalen Carey knows exactly how to deal with a broken finger injury: Train his weak hand

first_img Published on April 8, 2018 at 8:52 pm Contact Matthew: mguti100@syr.edu | @MatthewGut21 NEW YORK — The injury bug that swarmed over nearly half of the Syracuse rotation for much of last season — Bourama Sidibe, Howard Washington and Matthew Moyer each fell victim and missed significant time — has trickled into the offseason and hit incoming freshman Jalen Carey.Carey, a four-star guard and 2,000-point scorer from Immaculate Conception (New Jersey) High School, is out for about eight weeks with a broken middle finger on his right hand. But an injury involving Carey’s right arm is not unique, as he broke it as a 6-year-old after he tried to block his father’s shot in a pick-up game. Carey’s father utilized that injury to develop his son’s left hand, his weak side.For several months that year, Carey dribbled exclusively with his left hand. He didn’t have an option because his right arm was wrapped in a cast. Carey and his father credit his ability to drive left so well to his intense dribbling workouts, which trace back to that right-arm injury 12 years ago.So it comes as little surprise that Carey is not more than “a little frustrated” that he didn’t play this weekend in the 2018 Jordan Brand Classic, a high school all-star game played at the Barclays Center in front of dozens of NBA scouts. Carey will replicate his post-injury workout routine from his early years by training every day with his left hand over the next eight weeks.“Just lefty work,” Carey said. “Work my off hand with my dad, my trainers. I won’t take shots with my right hand or anything. Hopefully, I’m back in quicker than eight weeks.”AdvertisementThis is placeholder textCarey committed to Syracuse last October, choosing to join former commit Darius Bazley and the Orange despite offers from national champion Villanova, Kansas, Indiana, Notre Dame and Connecticut, plus about two dozen others.As of less than two weeks ago, he was supposed to pair up with Bazley as one of two Syracuse commits in the Jordan Brand Classic. But neither represented SU in the game. Bazley decommitted on March 29, and Carey broke the finger on Wednesday in a workout near his home.Some of the best players in the country on Sunday night described Carey’s game — what he would have displayed in the Jordan Brand Classic, as well as what he will bring to Syracuse starting in the fall. They described him as a do-it-all player and combo guard who can defend well on the perimeter.“Jalen’s nice,” said Bazley, a five-star forward. “He’s a tall guard. He can really shoot the ball, he has a good feel for the game. He’s really smooth. I think he’s going to excel at Syracuse.”Coby White, a North Carolina commit and the all-time leading scorer in North Carolina high school basketball history who ranked No. 19 in his class, once played against Carey when they were 16. Carey scored 20 points, White estimated, from nowhere in particular on the floor. He scored from 3-point range, midrange and via dribble drives.“He killed us. He gave us buckets,” White said. “He is straight buckets. He’s from Harlem, so he plays with that chip on his shoulder.”But nobody saw Carey play this weekend. A four-star and ESPN Top 100 commit, he was performing a jumping exercise last week with a light dumbbell for resistance. He slipped on a mat below, and the weight slipped from his hands and fell on his middle finger. His finger swelled up and the tip was crooked, he said.Over the next month or two, Carey will run sprints, perform hundreds of pushups every day and do pull-ups in a nearby park while strengthening his left hand.“My game could elevate more than what it is now,” Carey said. “I’m not a big fan of lifting. Just perfecting my craft … Usually I have injuries and I play through it. But this one, I had to tell my mom to take me to the doctor.”Carey, who sat courtside in a black jumpsuit at the Jordan Brand Classic, will arrive at SU in the second summer session, beginning July 2. Several members of his family were at Barclays Center on Sunday afternoon, following a practice session Saturday morning at the Brooklyn Nets practice facility.A large billboard on 34th Street in Manhattan featured Carey, to which he wrote on Twitter: “Growing up in a rough place, to seeing billboards with my face.”“Just taking it all in,” Carey said. “Seizing the moment, enjoying every bit of it. I’m going to be expected to do major things next year.”Carey added that he wants to wear No. 0 with Syracuse next season. Because, in his mind, that’s how many defenders will be able to guard him. Comments Facebook Twitter Google+last_img read more


Tettevi named as replacement for Damba.

first_imgAccra Hearts of Oak has named Coach Daniel Tettevi as the club’s replacement for Abubakar Damba, whose contract was terminated last Friday due to a lack of competence. Tettevi spent eight years at the club as a player in the 1980’s and was the regular goalkeeper when Hearts of Oak reached the semi-finals of the African Cup Winners Cup in 1982.The new trainer, who holds a Certificate in Basic Coaching, cut his coaching teeth at the Heart of Lions Junior side in 1999 before quickly moving on to Mampong-based Pras FC. He has also had stints with Network F.C, an academy side at Kaneshie, as well as Zaytuna FC. He is expected to start work on Tuesday, 15th January, 2013, as the team resumes training after a week break.“I am confident to work with my former club and am appealing to the supporters of the club to be patient for us the technical team to succeed,” he told JOY Sports.In a related development, the appointment of Team Manager Patrick Madjitey has been terminated. His functions have been transferred to Logistics Officer Nat Ofosu, with the position renamed “Welfare Officer”. These changes were not made lightly or spurred by any impropriety on the part of the affected officers. Rather, they are part of a carefully conceived restructuring exercise that is expected to bring a fresh burst of energy and synergy to the technical department.last_img read more


Jawula hails Nyantakyi on his new CAF appointment

first_imgFormer chairman of the Ghana Football Association Lepowura MND Jawula has praised Kwasi Nyantakyi on his rise at the Confederation of African Football.Nyantakyi was confirmed as the head of CAF’s Fair Play and SocialResponsibility Committee and also appointed on four other standing committees of the African football governing body on Tuesday.According to Lepowura Jawula, who is also a member of the CAF interclub committee, Nyantakyi’s appointment epitomizes his good work but he has advised him to be tactful in his dealings.“He should do it with a lot of caution, diplomacy and understanding with all those on the committee,” he told Joy sports“It is good for Ghana football to have somebody at that level, so what this means is that our own football must be well organized now and we have to take advantage of the fact that we have somebody who is very close at the top level in CAF.“Fair play in our country must be up to scratch, so that people do not say in his own country things don’t get on well, it is a challenge for all to support him and to ensure he does the things that are right so one day when a much bigger opportunity there comes they will look at him.” Nyantakyi won a CAF Executive Committee election two years ago and also holds a position at FIFA.last_img read more


Gyan explains reaction after Al Ain red card

first_imgBlack Stars captain Asamoah Gyan was sent off in Al Ain’s ASF Champions League game on Tuesday night.Gyan reacted angrily to comments from Mihai Pintilii of Romanian before making his exit from the Hazza bin Zayed Stadium despite accepting his two-footed challenge deserved the red card.The reaction also sparked shoving and tussle between both sets of player and some strong exchange of words.Asamoah Gyan explained his reaction after the game saying:“The player has no right to tell me what he did. He said something to me which made me upset. He said an abusive word. I really didn’t like it.”When Gyan was asked if Mihai Pintillii’s comments were racist, he answered: “He knows what he said, you can ask him. He knows what he said.”The Black Stars player also accepted his tackle was harsh but had no intention of going for the player. Gyan continued:“I must confess it was a harsh tackle. But in my mind I did not go for the player, I just went in strong for the ball. I am a professional.“The referee took his decision. It is football so I cannot complain. I lost my head a bit, but life goes on.”Al Ain were eliminated from the semi-final stage of the competition despite winning 2-1 at home with ten men on Tuesday night. The 4-2 aggregate score line qualified Al Hilal to the final.last_img read more