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Chart of the Week: DC overtakes DB in top seven pension markets

first_imgDB and DC assets (%)Chart MakerIn the Netherlands, the proportion of DC assets remained at 6%, the same as in the 2017 report. DC assets in the UK decreased from 19% to 18% last year, largely as a result of a recalculation by the country’s Office for National Statistics.Total assetsDC capital grew by 7.6% a year on average over the past 20 years, while DB assets averaged just 3.2% a year.Combined pension assets of the world’s 22 largest markets dropped 3.3% to €35.6trn last year, the report said.Dutch assets fell from €1.42trn to €1.35trn, while the UK’s combined assets declined from €3.11trn to €2.53trn.Although Dutch pension assets as a proportion of GDP fell from 193.8% to 167%, this was still the highest ratio of the 22 surveyed countries.The UK saw its pension assets relative to GDP decrease from 121.3% to 101.7% last year, while Switzerland’s ratio was 126%.At €21.9trn, the US was the largest of the surveyed pension markets.Asset allocationThe study also showed that the Netherlands, the UK and Japan had an above-average allocation to bonds.Dutch and UK fixed income investments amounted to 54% and 53% of assets, respectively, while Japan’s bond allocation was 60%.Swiss pension funds had the highest exposure to alternatives, with 31%.Top seven markets’ averageasset allocation (%)Chart MakerCommenting the study results last year, Jacco Heemskerk, Willis Towers Watson’s head of investment in the Netherlands, argued that the conservative investment policy of Dutch pensions funds was eroding the purchasing power of their participants. Defined contribution (DC) pension funds have more assets than defined benefit (DB) funds across the world’s seven biggest pension markets, according to Willis Towers Watson’s Thinking Ahead Institute.The institute’s Global Pension Assets Study analysed data from 22 of the largest pension markets. The top seven – Australia, Canada, Japan, the Netherlands, Switzerland, the UK and the US – accounted for 91% of assets covered by the report.Across those seven countries, DC assets were estimated to be “slightly over 50%” of total pension assets, the Thinking Ahead Institute reported – although this was primarily as a result of the dominance of DC in the US, the world’s biggest pension market by assets.Australia and the US were predominantly DC markets, but Japan and Canada were “showing an increasing allocation towards DC”, the institute said.last_img read more

Suarez will not face police action

first_img Officers from the Surrey force, on behalf of their north-west colleagues, attended Chelsea’s Cobham training ground on Sunday night to speak to the Serbia international. However, Ivanovic did not report any physical injury and told police he did not want to pursue the matter. Merseyside Police have confirmed no action will be taken against Liverpool striker Luis Suarez following his bite on Chelsea defender Branislav Ivanovic on Sunday. “Merseyside Police can confirm that, following an incident at the Liverpool v Chelsea game yesterday, officers have spoken to Branislav Ivanovic in person,” a statement from Merseyside Police read. “He had no apparent physical injuries and did not wish to make a complaint. “This is now a matter for the Football Association.” Football’s governing body is currently reviewing the incident, which happened in the 2-2 draw at Anfield. The club have fined Suarez, who asked for the money to be donated to the Hillsborough Families Support Group, but have no plans to sell the Uruguay international in the wake of the controversy. center_img Press Associationlast_img read more

The Latest: Mets hitting coach off-site when camp opens

first_imgThe New York Post was first to report that the 60-year-old Davis won’t be on site at Citi Field for the beginning of practices because of concerns about the coronavirus.“The timeline for him to join us is uncertain yet,” new Mets manager Luis Rojas said on a video call Thursday.The Post, citing anonymous sources in its report, said Davis does not have the virus.Rojas said all other coaches and players have reported for intake screening. Assistant hitting coach Tom Slater will substitute on site for Davis, who lives in Arizona during the offseason.“I think we’re going to get the best of Chili whether he’s with us at the start of camp or whether he’s working remotely. I mean, we’re in constant communication. Chili and I practically talk every day and he’s in communication with the coaches,” Rojas said. “So he’s going to be helping us. He’s a great asset, he’s got great knowledge, great experience. He helps the players with hitting, with playing the game. He helps the coaches as well with his view of the game. So he is going to be working remotely and we’re going to feel his presence.” Djokovic was the fourth player to come down with the virus after participating in matches held in Belgrade and Zadar, Croatia. The others were three-time Grand Slam semifinalist Grigor Dimitrov, Borna Coric and Viktor Troicki.___Swiss soccer club St. Gallen says a player tested positive for coronavirus after visiting family in Serbia.The Swiss league leaders say they allowed Boris Babić to make the two-week trip while recovering from a serious knee injury.The 22-year-old forward tested positive upon his return. The club says he does not have symptoms and is in self-quarantine. The Latest: Mets hitting coach off-site when camp opens St. Gallen says Babić has not had contact with his teammates.Attention on Serbia’s rising number of coronavirus cases followed Novak Djokovic and three other tennis players testing positive at a tournament he organized in Serbia and Croatia last month.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports The virtual race is open for those who had already registered for the real one, which was scheduled for April 20 and then put off until Sept. 14 before it was canceled.The Boston Athletic Association says it is encouraging the more than 10,000 volunteers who had signed up to give back to their communities in another way. They can receive their volunteer jacket or donate it to a front-line worker.___The French Open will be held with fans when it starts in September.The French Tennis Federation has written on Twitter that tickets will go on sale to the general public on July 16. The FFT did not give more information as to how many fans will be allowed at Roland Garros for the Sept. 27-Oct. Oct. 11 tournament. The club says more than 26,000 strawberries that would have been used for Wimbledon are being prepared by staff for delivery.Wimbledon says it is a “small gesture of appreciation for the dedicated service of the NHS during what would have been The Championships Fortnight.”Wimbledon was canceled this year for the first time since World War II because of the pandemic. The tournament had been scheduled to start on Monday.The link between Wimbledon and strawberries is muddy but the main theory has to do with timing. Strawberry season in Britain just happens to coincide with the tennis tournament.Cream is optional. The school said all scholarships for athletes in the affected programs, including incoming 2020 signings, will be honored.___Finishers of the virtual Boston Marathon will receive their medals in an Amazon package instead of having a volunteer drape it around their necks on Boylston Street.Race organizers announced plans for the event on Thursday. Runners will have from Sept. 7-14 to complete the 26.2-mile distance and submit proof. There is no time limit, but it must be completed in one continuous run.Also included in the post-race package will be a participation shirt, a program, a bottle opener and other unspecified celebratory items. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___New York Mets hitting coach Chili Davis will continue working remotely when the team’s summer camp opens Friday.center_img The clay-court tournament had been scheduled to start on May 24. It then got postponed to Sept. 20 because of the coronavirus pandemic and then pushed back another week.The FFT has prepared a health and safety protocol to ensure the safety of fans.___West Indies cricket coach Phil Simmons has mixed with his squad again in Manchester after passing his latest test for the coronavirus.Simmons returned from his father-in-law’s funeral last week and had been self-isolating in his hotel room at Old Trafford. He had been watching the team’s intrasquad match from his balcony but was allowed to interact with his players after passing a third consecutive virus test.The first test against England starts on Wednesday.___The cancellation of the Wimbledon tennis tournament has led to a “berry” big boon for health care workers in London.The All England Club says it will donate 200 portions of strawberries to workers on the front line of the coronavirus pandemic every day. Associated Press ___Boise State is cutting its baseball and women’s swimming and diving programs as a result of the COVID-19 pandemic.The program cuts, along with additional department and program operating reductions, will reduce the overall athletic budget by nearly $3 million.“This is one of the hardest decisions athletic departments have to make, but it comes at a time when we are facing the most serious financial challenge we have ever seen,” Boise State athletic director Curt Apsey said in a statement Thursday.The cut to baseball comes after the program was recently reinstated. The school announced in 2017 that baseball was being added after it had been discontinued following the 1980 season. The 2020 season was Boise State’s return, but the Broncos played only 14 games before the season was canceled. July 2, 2020 ___Novak Djokovic says he and his wife have now tested negative for the coronavirus.The top-ranked player tested positive for the virus after playing in an exhibition series he organized in Serbia and Croatia with zero social distancing amid the pandemic.His media team says “Novak Djokovic and his wife Jelena are negative for COVID-19. That was shown by the results of the PCR tests that both had in Belgrade.”The statement says both had no symptoms and that they were in self-isolation in the Serbian capital since testing positive 10 days ago.last_img read more

Super Eagles Shock Argentina 4-2 in Russia

first_imgThe free kick was the fall out of the infringement on Iwobi by Mascherano around the box in the 44th minute.On resumption for the second half, Eagles up their game with skipper John Mikel Obi who was playing his 80th international game at the senior level for Nigeria spraying accurate passes.Man of the match Iwobi, however drew Nigeria level with the Argies in the 52nd minute after he combined well with strike partner Iheanacho. It was his third goal for the Super Eagles.Russia-based Bryan Idowu who was making his debut for Nigeria in the game made it 3-2 in favour of Eagles moments later when he latched onto a pass by Iheanacho inside Argentina box to deliver his debut goal.The three-time African champions were not done yet. Iwobi got his second goal of the night in the 73rd minute when he surged past his markers after he received a pass from substitute Ahmed Musa before he fired home the sealer to earn Nigeria the second victory over Argentina.Super Eagles Technical Adviser, Gernot Rohr, tried out a new formation of 3-5-2 as against the 4-2-3-1 the team used mostly during the World Cup 2018 qualifying series.In his post-match reaction, Rohr, however warned his warned not to think they have arrived to win the World Cup yet.“ It’s good victory for us but it doesn’t mean we’ve become favorites to win the World Cup. We stay humble and realise we have more work to do. We prepared well for this game because playing Argentina is big for us, maybe it is different for them.Manchester City striker Sergio Aguero was taken to hospital in Krasnodar after he fainted inside the dressing room during the friendly against Nigeria.Aguero, who scored his team’s second goal in the 4-2 loss to Eagles, regained consciousness in the hospital. He has been held back there for some testsEAGLES VS ARGENTINA LINE UP: Daniel Akpeyi (Francis Uzoho 46th), Chiedozie Awaziem, William Troost-Ekong, Leon Balogun (Kenneth Omeruo 60th ), Ola Aina (Bryan Idowu 46th ), Shehu Abdullahi (Tyronne Ebuehi 46th ), Wilfred Ndidi, John Mikel Obi, John Ogu – Alex Iwobi (Olanrewaju Kayode 87th ), Kelechi Iheanacho (Ahmed Musa 70th )RATINGS*Akpeyi (3/10)- The Chippa United shot stopper fluffed another chance to reclaim a place in the team. It remains unbelievable how he committed the elementary error of picking ball outside his goal area.*Aina (5/10)- He was average in his performance against Argentina. Was he overwhelmed playing against a South American power-house?* Troost-Ekong (7/10) – Solid as ever in Eagles defence. Did extra work trying to curtain the Albiceleste forward line after the initial blitz that left them panicking.*Balogun (5/10) – For the first time since returning from the long injury lay off, Leon Balogun played an average game against Argentina last night. He ought to take the blame for the second goal against Nigeria due to his bad positioning.*Awaziem (5/10) – Last night was a much improved Awaziem but still has the potential to improve with more playing time in the Eagles.Abdullahi ( 5/10) – Like Awaziem, he also had an average performance.Ndidi ( 6/10) – Added value to the middle very well and almost got a goal from one of his stray up front.Ogu (6/10) – After he scored Eagles’ goal in the one-all draw in Algiers last Friday, Ogu appears to have picked some courage to be counted among players to watch out for in Nigeria’s line up at Russia 2018. He gave a decent out against Argentina.*Mikel (7/10) – Had a good performance. Commanded the midfield well and ensured that Aguero and his Argie forwards did not have room to dominate the second half the way they did in the early part of the first stanza.*Iheanacho (7/10) – An eventual evening for the Leicester City forward. Scored a superb free kick and also had hands in two other goals.Iwobi (8/10) – Iwobi was unarguably the Most Valuable Player (MVP) of the Super Eagles in Krasnoder. Just as Algeria coach, Rabah Madjer pointed him out as the most lethal in the Eagles forward line, the Arsenal player scored two beautiful goals and was constantly a threat to the Argentines each time he had the ball in his legs.USED SUBSUzoho (5/10)Ebuehi (6/10)Idowu (6/10)Musa (5/10)Omeruo (5/10)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram INTERNATIONAL FRIENDLYDuro IkhazuagbeSuper Eagles fought back from two goals down to claim a famous 4-2 victory over two-time world champions Argentina in Krasnodar, Russia last night.Although the South Americans played without their talismanic Lionel Messi, they had top stars like Sergio kun Aguero, Paulo Dybala, Christian Pavon, Angel Di Maria and Javier Mascherano at the international friendly game with Nigeria.After an initial quick exchanges between both teams, the game became lively with the South Americans stepping into the driver’s seat on the dot of 20th minute. Ever Banega’s free kick that resorted from Daniel Akpeyi’s blunder gave the Argies the lead.Aguero doubled the lead for Argentina in the 34th minute.But Super Eagles who at this stage had began to worm their way deep into the Albiceleste half, pulled back a goal through a superbly taken free kick by Kelechi Iheanacho.last_img read more