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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

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

You should have lived in the 90s !: The everyday things that seem impossible to us today

first_imgIf we look back years we can ensure that the life of a person who has lived in the 90s, is totally different from life today. The way of dressing, of communicating, of having fun, everything was different at that time and if we compare it with today’s daily life there are things that seem impossible to us.The 90s were like the transit of totally different lifestyles. In those years many electronic devices began to come out that marked the lifestyle of that era but nowadays, they already have much more developed versions and it seems impossible to have survived so many years without them.Although computers already existed, the loading speed of that time would make many people crazy today.Kids today will never know the torture … pic.twitter.com/5zS2pOQRIF– Nick Younker (@NYounker) April 27, 2019The classic 90’s socks were so long that they could be worn in layers.Today’s kids will never know what it was like to have to create your own ankle socks. pic.twitter.com/UbScwjJN3G– OG Brown (@OGBlood_) January 5, 2020The SMS was the WhatsApp of that time and we had to use the right characters so that they wouldn’t charge us for 2.Today’s kids will never know the struggle of exceeding number of characters during texting and using every possible shorthand so we don’t get charged for 2 texts ???? #goodolddays– B (@MsCoralCoast) December 30, 2019To communicate with your friends you had to use the landline and ask your parents before if you could talk to him.Today’s kids will never know what it was like before everyone had cell phones and you had to use your family’s home phone to call your friend’s home phone and ask their parents if you can talk to your friend– Cynthia (@_cynthsj) November 12, 2019If a 32-gigabyte USB stick is not enough for you, you had to try storing your files on floppy disks.Today’s kids will never know the joy of swapping shareware discs with your friends or having to wait for the next episode of doom or Duke Nukem to come out! pic.twitter.com/njD46VA5yH Things of the 90 that have already become very outdatedThe transfer speed of the archives of the timeOr choose one of the few styles of WordArt – Art of Jason Wulf (@jasonwlf) January 2, 2020Finding a song among thousands being able to use only one button was a miracle.Today’s kids will never know how long it took to find the song you wanted to listen to ???? pic.twitter.com/491d3LAa66– Kenya ???? (@_Fuck_Youuuuuuu) December 30, 2019Ronald McDonald’s friends were so famous that they even gave each other as a toy in the Happy Meal.Today’s kids will never know Ronald McDonald used to have a “squad” pic.twitter.com/k8ZNedV1KC– Justin Cider (@PantsDonkey) March 27, 2018One of the most difficult decisions was to choose one of WordArt styles.Today’s kids will never know how hard it was to make this choice. pic.twitter.com/v9neXmmNeU– AsapShakur (@ kemar395) January 6, 2020The maximum happiness of finding a special chrome in the package you just bought.Today’s kids will never know the absolute scenery when pulling one of these gems out a pack. Absolute limbs outside Umars Corner Shop. pic.twitter.com/4W5VU16jE6– George (@StokeGeorge) August 29, 2018A large library of movies on VHS were our own Netflix.Today’s kids will never know ??????????? pic.twitter.com/kM2GkfF0rT– EastAfricanguy (@eastafricanguy) December 21, 2019The computer mouse worked thanks to a ball and it had to be cleaned inside to work properly.Remember having to clean out your mouse every few days? Today’s kids will never know this struggle pic.twitter.com/zeUbTi6SoJ– SimmerJonny (@SimmerJonny) April 24, 2019When a teacher took us to the computer room it was one of the best moments.Today’s kids will never know how big of a deal it was to go to the computer lab.– confusing thoughts: threads 🙂 (@ThreadsThinking) January 1, 2020How annoying it was to want to watch a movie but have to rewind it first.Today’s kids will never know the joy of wanting to watch a VHS tape, only to realize you have to rewind it first …. and the excruciating few minutes it took for it to rewind ????– ???? Rage Kween ???????? (@RaeKillham) December 9, 2019center_img Person listening to a radio. Image: iStock.last_img read more