Margaret 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.
Liverpool remain keen on Aston Villa striker Christian Benteke, 24, but are still refusing to pay the £32m asking price – despite selling 20-year-old forward Raheem Sterling to Manchester City for £49m on Tuesday. (Daily Mirror) The Sun’s back pageManchester United are ready to sell winger Angel Di Maria to Paris St-Germain for £42.8m. The Red Devils spent £59.7m on the 27-year-old last summer. (Le Parisien via Star) But United are also interested in a swap deal that would see Di Maria go to PSG with 28-year-old forward Edinson Cavani moving to Old Trafford. (Daily Express) Manchester City and Liverpool are both interested in signing 18-year-old Fulham forward Patrick Roberts. The Championship club want £10m for the teenager. (The Sun, subscription required) Chelsea are confident of beating both Arsenal and Liverpool to the signing of Barcelona forward Pedro after meeting a £22m release fee in the 27-year-old’s contract. (Daily Star) Valencia defender Nicolas Otamendi, 27, is prepared to go on strike to force a move to Manchester United. The Spanish side value the Argentina defender at £37m. (The Sun, subscription required) Arsenal have made a £10m bid for Napoli defender Faouzi Ghoulam, with the 24-year-old being lined up to challenge Kieran Gibbs and Nacho Monreal at left-back. (Mediaset via Talksport) Costa Rica striker Joel Campbell could be leaving Arsenal for good, with former Manchester United boss David Moyes ready to spend £6m to take the 23-year-old to Real Sociedad. (Daily Mirror) Southampton are close to replacing Morgan Schneiderlin, who has joined Manchester United, with 24-year-old Feyenoord midfielder Jordy Clasie. The Netherlands international will cost £12m. (Daily Mail) Daily Express back pageSwansea boss Garry Monk says forward Michu will not play for the club again. The 29-year-old was loaned out to Napoli last season. (South Wales Evening Post) Leicester believe new manager Claudio Ranieri will convince out-of-contract midfielder Esteban Cambiasso, 34, to agree a new deal with the club. The pair worked together when Ranieri was in charge of Inter Milan in 2011-12. (Daily Star) Former Leicester midfielder Muzzy Izzet believes the Foxes have made the wrong choice in appointing Ranieri. (Talksport) Argentina legend Diego Maradona has criticised Lionel Messi’s international career and said it is time to stop giving the Barcelona forward, 28, special treatment. (Daily Telegraph) Chelsea and Tottenham might have to pay more than £15m a year to use Wembley while they redevelop their stadiums. (Times, subscription required) Robert Lewandowski’s agent has told Manchester United it will cost them more than £35m to sign the 26-year-old Bayern Munich striker this summer. (Independent) Arsenal manager Arsene Wenger has dismissed reports linking midfielder Mesut Ozil, 26, with a move away from the Gunners. (Sky Sports) The back page of the MirrorNew Aston Villa assistant Ray Wilkins has advised midfielder Jack Grealish to “live like a monk” to fulfil his potential after the 19-year-old was disciplined last month when pictures appeared to show him passed out in the street in Tenerife. (Daily Mail) Championship sides Burnley and Cardiff are both considering moves for Wigan’s Wales international midfielder Emyr Huws, 21. (Shoot) Sunderland have failed in an attempt to sign Zenit St Petersburg defender Nicolas Lombaerts, 30. The clubs had agreed a £5m fee but the Black Cats could not agree personal terms with the player. (Times, subscription required) Midfielder Tom Cleverley, 25, hopes his move from Manchester United to Everton will help restart his England career. Cleverley last won a cap in November 2013. (Liverpool Echo) Cleverley’s 24-year-old Toffees team-mate and fellow midfielder James McCarthy is a target for Manchester City after they missed out on Aston Villa’s Fabian Delph. (Daily Express) West Brom are close to signing goalkeeper Wayne Hennessey, 28, from Crystal Palace in a £3.5m deal. (Birmingham Mail) Best of social mediaWest Ham co-chairman David Gold revealed on Twitter he hopes former England striker Andy Carroll will be back from his latest injury setback in early September.Macclesfield’s second-half team versus Nantwich was Trialist, Cowan, Byrne, Pilkington, Haynes-Brown, Trialist, Trialist, Trialist, Trialist, Trialist, Trialist. Robin van Persie thanked both his former Premier League clubs after his £4.7m move from Manchester United to Fenerbahce. He wrote on Twitter: “Thank you Arsenal and thank you Manchester United. Wish you all the best. After 11 great years in the Premier League, I have taken on a new challenge at Fenerbahce. Thank you to all the fans, who have supported me through the years.”And finallyFormer Republic of Ireland winger Damien Duff’s wages at Shamrock Rovers will go to charity. (Eurosport) Frank Lampard bought 16 tickets for British fans to New York City’s match against Toronto, after meeting them at the club’s training facilities. (Metro) Swindon Town have banned media outlets from attending news conferences. Instead the League One club will put out interviews conducted by its own press officer on its website and a social media app. (Guardian)
Florida health officials have announced they are deploying three field hospitals across the state in order to fight the coronavirus.Emergency Management Director Jared Moskowitz said Tuesday night via email that one field hospital is currently being staged in Orlando, while the other two are being sent to Broward County and Ocala.The news comes as the number of people infected with COVID-19 in Florida rises to 314 cases, with six deaths reported.The third field hospital will be set up in Ocala, north of Orlando, and moved elsewhere as needed.Mobile COVID-19 testing is also being implemented in Broward, and the National Guard has been deployed to assist there.Moskowitz added that he is working with federal officials to determine whether the state can add U.S. Navy Mercy-class hospital ships at Florida’s ports.State officials also said they are responding quickly to cases being reported at assisted living communities in an attempt to prevent an outbreak similar to one that occurred at a Seattle-area nursing home, which has been linked to more than two dozen COVID-19 deaths.“If a cluster of confirmed cases were to be discovered in Florida, the department would move quickly to engage with and isolate any infected individuals to prevent further spread,” said Alberto Moscoso, the state health department’s spokesman.
The Food and Drug Administration is currently warning the public about several hand sanitizers that may contain potentially harmful substances.The warning was issued earlier this week on June 19th. The administration says that at least nine hand sanitizer products created by Eskbiochem SA de CV in Mexico may have been contaminated with methanol, or wood alcohol which can be toxic if absorbed through the skin or if ingested.“Methanol is not an acceptable ingredient for hand sanitizers and should not be used due to its toxic effects,” the FDA said.Methanol exposure can result in nausea, vomiting, headache, blurred vision, permanent blindness, seizures, coma, permanent damage to the nervous system or death according to the FDA.The products included in the advisory are as follows:All-Clean Hand Sanitizer (NDC: 74589-002-01)Esk Biochem Hand Sanitizer (NDC: 74589-007-01)CleanCare NoGerm Advanced Hand Sanitizer 75% Alcohol (NDC: 74589-008-04)Lavar 70 Gel Hand Sanitizer (NDC: 74589-006-01)The Good Gel Antibacterial Gel Hand Sanitizer (NDC: 74589-010-10)CleanCare NoGerm Advanced Hand Sanitizer 80% Alcohol (NDC: 74589-005-03)CleanCare NoGerm Advanced Hand Sanitizer 75% Alcohol (NDC: 74589-009-01)CleanCare NoGerm Advanced Hand Sanitizer 80% Alcohol (NDC: 74589-003-01)Saniderm Advanced Hand Sanitizer (NDC: 74589-001-01)The FDA said they contacted Eskbiochem to recommend the company remove its hand sanitizer from the market, however, they are reporting that the company has not taken any action.They are now recommending that people who have the hand sanitizers dispose to of them in hazardous waste containers. Do not flush or pour them down the drain.