Scottish bank moves to Brum

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PMT to develop special panel for participants after ‘disastrous’ rights cuts

first_imgThe €48bn metal scheme PMT is to launch an online “participants panel” following a steep fall in trust as a result of its 6.3% rights cut last year.The online panel will provide the pension fund with participants’ opinions as well as feedback for improvements on communication, according to Annemieke Biesheuvel, PMT’s head of communications.Speaking during the IIR congress on pensions communication in Amsterdam, she conceded that last year’s rights cut had been “disastrous” for the scheme’s image.“Participants’ confidence in PMT is now lower than their faith in insurers and banks,” she said. “The results of the panel could help us to win back our participants’ trust and loyalty.” Biesheuvel stressed that the pension fund was reluctant to apply a second rights cut.“The applied discount triggered so much emotion that we sometimes had to hire security during meetings with pensioners,” she said. “Many participants and pensioners consider us as thieves.”PMT’s funding was 0.2 percentage points short of the required minimum at year-end.However, the pension fund believes it should be allowed to forgo a second cut, due to additional recovery measures and the fact its funding increased to the required level in January.According to Biesheuvel, several surveys have suggested PMT’s participants need “verifiable transparency”, additional information about the pension plan and the specific effects of the rights cut.They also demand more information on pensions from their employer, she added.She said 1,000 participants would be asked to discuss specific subjects on the online panel, which will be incorporated into PMT’s website.PMT – the largest pension fund in the market sector – is responsible for the pensions of more than 400,000 active participants and deferred members, as well as more than 172,000 pensioners. The €32bn metal scheme PME is also planning to set up a similar panel, meant to increase pensions awareness, according to Gerda Smits, the pension fund’s spokeswoman.She said the plan would be developed jointly with PMT to save costs.However, she stressed that the idea was still in its infancy.Last year, PME had to cut pension rights by 5.1%, and it announced a second discount of 0.5% earlier this week, in order to achieve its required funding level.PMT and PME are both serviced by the €90bn pensions provider and asset manager MN.last_img read more

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No Hull deal for Austin – Clarets

first_img Press Association The 23-year-old has been linked with Steve Bruce’s promoted Tigers throughout the summer, with some reports claiming a deal was set to go through. Championship side Burnley have denied that, though, tweeting: “Contrary to media reports, Burnley Football Club has not agreed any deal with Hull City for striker Charlie Austin.” Burnley have not agreed a fee with Hull for the sale of striker Charlie Austin, the Lancashire club has said.center_img Austin signed for Burnley from Swindon in January 2011 and has scored 45 goals for the club since then, with 28 of them coming last season. Strike power is something Bruce was short of during the 2012/13 campaign, despite his side going up automatically. Their total of 61 goals scored was amongst the lowest in the division, with midfielder Robert Koren their leading marksman with nine. last_img read more

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Girls lacrosse Lakers sweep past Mexico, LaFayette

first_imgBut once the Lakers started to dominate the draws, it used that extra possession time to take the lead early in the second half, pulling away and displaying even more depth than it had shown before.Brown, with four goals and two assists, and Puffer, with three goals and three assists, set the pace. Rajkowski and Hartley each scored twice, Rajkowski adding two assists.Harris, Connor and Megan Hughes had matching totals of one goal and one assist, with Schwartz and Hope King also finding the net.Back on Tuesday, the Chittenango girls had to travel to Hyatt Stadium to face the state’s top-ranked Class D team, Skaneateles, who showed little mercy in the course of defeating the Bears 20-3.All that Chittenango could manage was Ally Shoemaker, Rhonee Shea Pal and Julia Pynn each getting one goal and one assist. For the Lakers, who went up 13-1 by halftime, Maggie Newton and Olivia Navaroli each had four goals, Navaroli adding three assists as Riley Brogan got two goals and five assists.Chittenango did turn it around on Friday, handling Vernon-Verona-Sherrill 18-6 as it used an 8-2 push through the second half to pull away, Shea Pal dishing out a career-best eight assists to go with two goals.Benefiting from Shea Pal’s passes, Shoemaker and Pynn both scored five times and got three assists apiece, with Julia Graham getting five goals and one assist. Alyssa Frantz had one goal and one assist, with Olivia Cianfrocco adding an assist.But then the Bears had to face state Class D no. 6-ranked Marcellus on Saturday, and it lost 22-5 to the Mustangs, with Shoemaker and Pynn each netting two goals as Frantz earned the other goal. Shea Pal was held to one assist.Chittenango hosts Jordan-Elbridge and goes to Mexico this week as Cazenovia, after playing LaFayette on Monday, has back-to-back games with Rome Free Academy on Thursday and Homer on Friday.Share this:FacebookTwitterLinkedInRedditComment on this Story Tags: CazenoviaChittenangogirls lacrosse Rajkowski had three goals and two assists, with Brown also scoring three times and adding an assist. Laura Connor and Molly Schwartz both found the net twice as Kaitlyn Puffer got a goal and assist. Charley Harris had a goal and Ava Hartley got an assist.Looking for back-to-back wins, the Lakers visited LaFayette two days later, and once again was in top form, dominating the second half to overcome an early deficit and beat the Lancers 16-11.All through the first half, neither side could stop each other. Gabby Oswald (four goals) and Marissa Evans (three goals) led LaFayette as it answered everything Cazenovia threw at them and led, 10-8, at the break.center_img Week by week, the Cazenovia girls lacrosse team has displayed its improvement, with those efforts getting translated into victories on the field.Another one of them arrived last Tuesday night, with the Lakers taking on Mexico and excelling in most phases of the game while recording a 12-5 victory over the Tigers.Even as Mexico tried to control the pace in the first half, Cazenovia still worked its way to a 5-2 lead, and then more than doubled that margin with Grace Rajkowski and Molly Brown setting the pace.last_img read more

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Great News for our National Football Team: Pjanić is back on Trainings!

first_imgMidfielder of the National Football Team of B&H, Miralem Pjanić, finally returned to his training yesterday, after being absent from the field since the victory of the National football team of B&H in the match against Andorra (3: 0), on the 6th of September this year.These are excellent news for the head coach Mehmed Baždarević, the team and fans, who are waiting for the finals of the EURO qualifiers.Dragons will play the match against Wales in Zenica, on the 10th of October. Three days later, our team will play against Cyprus.Yesterday morning, Pjanić had training with Roma’s players who have not performed in the match against Barcelona (1: 1), within the Champions League.According to Italian media, after finishing his warming up and tactical training, he even participated in the match between two teams of Roma.The coach Rudi Garcia might spare Pjanić in the match against Sassuolo on the 20th of September, but he will put him in the starting lineup on the 23rd of September, in the match against Sampdoria, according to Retesport.it.(Source: klix.ba)last_img read more

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