UK local government funds appoint to custodian framework

first_imgThe funds said the combined contract, negotiated through the framework, would save £1.25m over the contract period, and £250,000 in procurement costs.Each scheme, however, retains a separate contract with HSBC defined to the particular requirements.Jill Davy, head of financial services at London Borough of Hackney council, said: “Working together has delivered a great value for money outcome for each of our funds, but wider benefits for each of us also as we shared our ideas and experience to help identify the right solution for each of us.”The framework, which was originally set up in 2012, allows local government funds to reduce the procurement process, still comply with European legislation, but leverage better pricing through collaboration, and the use of a price ceiling.It covers actuarial, benefit and investment consultancy services, global custody, and from the end of this year, legal services.This is real collaboration in action, already delivering significant savings and benefits for the LGPS. The achieved and potential savings are very significant,” said Nicola Mark, head of Norfolk Pension Fund and chair of the framework.Six custodians were appointed to the framework for services in November 2013, and alongside HSBC are BNP Paribas, BNY Mellon, JP Morgan, Northern Trust and State Street.The original framework was jointly created by seven local authority funds , but remains open to all LGPS funds. Three local government funds have made a joint custodian appointment using the newly established National LGPS Framework agreement, saving around £1.5m (€1.8m) through collaboration.The framework, which was set up by local government funds in order help reduce procurement costs, and negotiate better deal for funds, went live for custodian services at the start of 2014.Suffolk Pension Fund and London’s Hackney Pension Fund joined Norfolk, which led the creation of framework agreements for the LGPS in 2012.Jointly, the funds appointed HSBC Securities to act as global custodian for the combined £5.2bn in assets.last_img read more

Fire Scare Onboard German CTV

first_imgGerman Maritime Search and Rescue Association (DGzRS) responded to a report of a fire onboard a crew transfer vessel near the Nordergründe offshore wind farm on Monday, 30 April.According to DGzRS, the fire started in one of the engine rooms of an Offshore Taxi vessel.The engine room had been sealed off and the fire put out by the three crew members onboard by the time the first responders arrived. A police helicopter was also called in to assist with the rescue efforts.At the time of the accident, the vessel was located some five nautical miles north of the Mellum Island in the mouth of the river Wesser.Once inspected, the 24-metre catamaran was cleared to return to its home port of Cuxhaven under its own power.No one was injured in the accident, DGzRS said. The cause of the fire is unknown.last_img read more

Trump Administration Bans Cuba Cruise Ship Port Calls

first_imgThe Trump administration has unveiled new restrictions for U.S. travel to Cuba, including banning group tours and cruise ship stops to the island nation.Under the newly announced changes, meant to tighten the economic pressure on the Cuban government, the United States will no longer permit visits to Cuba via passenger and recreational vessels, including cruise ships and yachts, and private and corporate aircraft.“Veiled tourism has served to line the pockets of the Cuban military, the very same people supporting Nicolas Maduro in Venezuela and repressing the Cuban people on the island,” according to a statement from the U.S. Department of State.Additionally, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending non-family travel to Cuba regulations to remove the authorization for group people-to-people educational travel.The OFAC amended the Cuban Assets Control Regulations (CACR) on June 4 to further implement the President’s foreign policy on Cuba.These changes complement the ones to the Department of Commerce’s Bureau of Industry and Security (BIS) Export Administration Regulations (EAR). These were announced on April 17, 2019, and include restrictions on non-family travel to Cuba.While Norwegian Cruise Line said it is “closely monitoring these recent developments and any resulting impact to cruise travel to Cuba,” Royal Caribbean Cruises already canceled two port calls to Cuba for June 5 and June 6 sailings. The company added that further impacts to the cruise itineraries would be evaluated.last_img read more

South Africa bans alcohol sales again to combat COVID-19

first_imgPresident Cyril Ramaphosa said the alcohol ban – South Africa’s second this year – would take pressure off the national healthcare system. South Africa imposes another ban on alcohol sales to help contain the spread of novel coronavirus disease. AFP South Africa remains the hardest-hit country on the continent, and earlier this week recorded its highest-ever single-day increase in cases. Nearly half of them were in Gauteng, a province that’s become the outbreak epicenter. (BBC) A night-time curfew has also been imposed, and the wearing of masks outdoors is now compulsory. Deaths resulting from coronavirus have also risen to more than 4,000, and government projections estimate this could rise to 50,000 by the end of the year.center_img It comes as total infections exceed a quarter of a million. SOUTH Africa has introduced new restrictions, including another ban on alcohol sales, to help contain the spread of coronavirus. The alcohol ban comes just weeks after another three-month ban was lifted in an effort to prevent drunken fighting, cut domestic violence and eliminate weekend binge-drinking prevalent across South Africa.last_img read more

Mike Tyson tells Wilder to ‘grow up’

first_imgRelatedPosts Tyson Fury to Anthony Joshua: Don’t risk fighting Usyk Anthony Joshua wants Tyson Fury, Wilder fight Joshua: Tyson Fury won’t distract me Mike Tyson has urged Deontay Wilder to stop feeling sorry for himself after his loss to Tyson Fury. Wilder’s five-year reign as WBC heavyweight champion came to an end in February at the hands of The Gypsy King. The American suffered a seventh-round TKO defeat in front of a sold-out crowd at Las Vegas’ MGM Grand Garden Arena, with his corner throwing in the towel at the 1:39 mark to mercifully prevent him from taking any more unnecessary punishment. Wilder was quick to give Fury his just dues after suffering his first professional loss, hailing the 31-year-old for his stellar performance. But a few days removed from their multi-million-pound rematch, Wilder majorly detracted from Fury’s career-defining victory by attributing his loss to the extravagant outfit he wore during his ring walk – which he claimed drained his energy reserves. Like many others, Tyson was baffled by Wilder’s excuse for his maiden loss and has urged his fellow countryman to suck it up and take it on the chin. “[Wilder] feels like giving up, ‘Oh, my life is over. ‘I’ve made $90 million (£73 million). My life is over. Oh God, I want to die,’” the former undisputed heavyweight champion said during a recent episode of his Hotboxin’ with Mike Tyson podcast. “Grow up.” “Keep going through it until it’s really over.” Wilder will have the opportunity to exact revenge on Fury later this year having exercised the trilogy fight clause placed in his contract to rematch the lineal-heavyweight champion. Although he was resoundingly beaten by Fury, who dominated the contest from the very first exchange, Tyson believes Wilder should continue to fight with confidence. He added: “Wilder can still make a lot of money. He shouldn’t feel sad or discouraged. And he should continue to go out there and fight with a lot of zest and confidence.” Unlike their first meeting, Wilder was forced to march to the beat of Fury’s drum, with the Brit dictating the pace of the contest and, surprisingly, being the aggressor. And after seeing Fury have his way with The Bronze Bomber, Tyson isn’t confident of his countryman’s chances of avenging his first loss. “Listen, he didn’t fight the same fight as he fought the first fight,” he said. “The first fight, [Wilder] fought with confidence like he could win. “In this fight, he fought like he didn’t have no zest, no life in him. I don’t think he was the same fighter after the first fight. “After the first fight, [Wilder] couldn’t rise to the occasion again.” Wilder and Fury were on course to renew their rivalry in Las Vegas on July 18. Their third meeting, however, has been postponed until October due to the coronavirus outbreak, which has wreaked havoc with the sporting calendar.Tags: BOXINGDeontay Wildermike tysonTyson Furylast_img read more

Other Sports Vinod Tawde, Maharashtra Sports Minister, assures help to shooter Rahi Sarnobat

first_img New Delhi: A few days back the Asian Game gold medalist, Rahi Sarnobat had expressed her apprehensions about financial stability. To her surprise, the Maharashtra Sports Minister Vinod Tawde assured the star shooter to look into the issue. Vinod Tawde went on saying that he will try his level best to resolve the matter as soon as possible. It’s known that Rahi Sarnobat is severely looking for financial stability to carry on her career.Tawde said that he is in contact with her, and her family on a regular basis and keeping the issue on priority.”We have given financial security to her and her family has also given to her. After she bagged a medal (in the 2018 Asian Games), we have given her prizes worth lakhs.”If the government salary doesn’t come, it can’t be a nightmare, but it should come on time. I will personally look into the matter. I often speak to Rahi, her family members meet me and we have been solving the issues,” Tawde told reporters when asked about the concerns raised by Sarnobat. “Rahi should play well, practice; get a medal, which is not only India’s but also Maharashtra’s expectation. We will solve (her) problems,” the minister assured the star pistol shooter. Tawde was addressing a media briefing where he announced the winners of Shiv Chhatrapati Awards, which are given by the state government.”I feel I don’t have more than four years left as a professional shooter and after 12 years of competing for India, I still have sleepless nights about my financial situation,” she had said.She claimed that she had not been paid since September 2017 by her employers. Tawde said he has also spoken to Chief Minister Devendra Fadnavis about such issues raised by sportspersons.He also informed that the state government was looking to form a committee which would determine the work structure of players.”Whether it is Rahi or other players, they are the pride of India and Maharashtra. We have given leave to (shooter) Tejaswini Sawant, who works with the sports department for training,” the minister said.”We are forming a committee of experts who will determine how on-field players can be given leave (from work) and when they are off the field, how their work structure will be. After the committee gives its report we will take an (appropriate) decision,” he said.Tawde further urged the sportspersons, who get direct employment, to work with the sports department.  Vinod Tawde will work regressively to solve Rahi’s issue. Tawde is in direct contact with Rahi, and her family.Tawde urges the sportspersons to work in sports departments.  highlights For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps.last_img read more

ICC World Cup ICC Cricket World Cup 2019: Steve Smith called ‘cheat’ by fans, responds with ton as Australia beat England in warm-up

first_img For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps. New Delhi: Steve Smith and David Warner were expected to have a rough reception when they arrived in England. The duo was banned for one year by Cricket Australia following the ball-tampering scandal during the Newlands Test versus South Africa in March 2018. The ban ended during the Pakistan series which Australia won 0-5 and in that period, Smith and Warner were plying their trades in several Twenty20 franchise leagues around the world. Warner was the leading run-getter in the 2019 Indian Premier League while Smith showed his class in the three warm-up games against New Zealand in Brisbane and in the clash against West Indies.Smith, who had blasted 22, 89*, 91* in the three games against New Zealand and also smashed 76 against West Indies in Southampton, responded in grand style to the taunts of cheat by fans with a grand century as Australia defeated England by 12 runs in the warm-up game ahead of the ICC Cricket World Cup 2019 at the Rose Bowl. Warner, who was also booed during his stay at the crease, contributed with a solid 43 and some solid contributions helped Australia reach 297/9. highlights In response, England was plagued with injuries to Jofra Archer, Eoin Morgan and Mark Wood and at one point, their fielding coach Paul Collingwood had to come onto the field and take up duties. James Vince and Jos Buttler smashed fifties but Jason Behrendorff and Kane Richardson took two wickets as England fell short.Monty Panesar ball-tamperingThe chants of ‘cheat’ on Smith and the booing of Warner comes at an interesting point in time for England and their cricket fans. Recently, Monty Panesar, the England left-arm spinner who was part of the 2009 Ashes triumph, has admitted in his autobiography Full Monty that England’s bowlers used mint, sunscreen and even the trouser zip to alter the condition of the ball.“We found that mints and sun cream had an effect on the saliva, and that helped the ball to reverse. I might also have ‘accidentally’ caught the ball on the zip of my trouser pocket to rough it up a little. That was probably a hairline fracture of the spirit of the game, even if the laws said you were allowed to ‘use your uniform’,” Panesar wrote in his autobiography.With the way how Smith and Warner were treated and with Panesar’s recent revelation, the ball-tampering conundrum will only deepen in the coming months, with Australia playing England in the Ashes immediately after the World Cup. Australia won by 12 runs against England in the World Cup warm-up clash.Monty Panesar has revealed he tampered with the ball in his autobiography.Australia will now play Sri Lanka in their final warm-up game.last_img read more

Gauff, 15, to face Venus Williams again in first round of a Grand Slam

first_imgAMERICAN teenager Coco Gauff will again face Venus Williams in the first round of a Grand Slam after the pair were drawn together at the Australian Open.Gauff, 15, announced her arrival on the biggest stage by beating 39-year-old Williams, a seven-time Grand Slam singles winner, at Wimbledon in July.Britain’s Johanna Konta, seeded 12th, will play Tunisia’s Ons Jabeur.In the men’s draw, British 30th seed Dan Evans meets American Mackenzie McDonald in Melbourne.Evans, 29, is playing in his first Slam as Britain’s leading male player and could face Serbia’s defending champion Novak Djokovic in the third round.Djokovic, who is aiming for a record-extending eighth title, does not have the easiest opener after being drawn against Germany’s world number 37 Jan-Lennard Struff.The first Grand Slam of the year begins on Monday with the top half of the women’s draw and the bottom half of the men’s draw in action.Gauff’s match against Venus Williams seems certain to feature in the first night session on Rod Laver Arena with Djokovic, Roger Federer, Serena Williams, 2019 women’s champion Naomi Osaka, Konta and Evans among those also playing on day one.Swiss great Federer has been drawn in the same half as second seed Djokovic, meaning the pair could meet in the semi-finals.Federer, 38, starts against American Steve Johnson and has a favourable-looking draw, although Bulgaria’s Grigor Dimitrov – who memorably beat the Swiss in the US Open quarter-finals in September – and Canada’s exciting talent Denis Shapovolov are potential opponents before the quarter-finals.Spanish top seed Rafael Nadal plays against Bolivia’s Hugo Dellien in the first round, with the possibility of a blockbuster fourth-round match against Australia’s Nick Kyrgios.The pair have not always seen eye-to-eye and met in a dramatic second-round match at Wimbledon last year, where Kyrgios tried to rattle Nadal with constant complaints about the Spaniard’s slow play.British number two Cameron Norrie plays Frenchman Pierre-Hugues Herbert in his opening match, while Kyle Edmund – who reached the semi-finals in Melbourne two years ago but has dropped to 69th in the world – has a tough opener against Serbia’s 24th seed Dusan Lajovic.Russian fourth seed Daniil Medvedev, looking to win his first Grand Slam after reaching the 2019 US Open final, has been pitched against dangerous American floater Frances Tiafoe, who reached the quarter-finals last year.Australia’s world number 21 Alex de Minaur pulled out yesterday with an abdominal injury aggravated at last week’s ATP Cup. (BBC Sport0last_img read more

Man City Begin Title Defence as Guardiola Tests Emery’s Resolve

first_imgPremier League champions, Manchester City will begin the defence of their title as Pep Guardiola and his men storm the Emirate Stadium on Sunday against rivals, Arsenal in what is no doubt the biggest fixture of the weekendThe Gunners will enter a new era at the Emirates when Unai Emery takes charge of his first competitive match, following 22 years of Arsene Wenger’s reign, but they will be under huge pressure from the start as the visitors are the reigning Premier League champions, who have already shown they are on form by beating Chelsea 2-0 in the Community Shield last week.Emery has plenty of decisions to make over his team selection as he looks to avoid defeat to Guardiola’s record breakers. The Spaniard has fielded both 4-3-3 and 4-2-3-1 formations regularly in his career, and we expect him to go with the latter at Arsenal in a bid to get the best out of playmaker Mesut Ozil.“Laurent Koscielny is ruled out for several months, so Shkodran Mustafi and Sokratis Papastathopoulos are set to be the centre-back pairing,” he said.Meanwhile, City’s Captain, Vincent Kompany has warned Manchester that the Premier League champions won’t rest on their laurels as they aim to follow their record-breaking season with another title triumph.Guardiola’s side swept to the title last term with a record 100 points, amassing more wins and scoring more goals than any previous champion in the Premier League era.Inspired by Kevin De Bruyne, Sergio Aguero, Leroy Sane, Raheem Sterling and David Silva, City’s eye-catching style earned comparisons with the finest teams in English football history.But no team has successfully defended the Premier League title since Manchester United in 2008 and 2009, while City were unable to maintain the standards of their 2012 and 2014 title wins in the campaigns that followed.City captain Kompany admits his team lacked urgency and desire in those failed title defences under Roberto Mancini and Manuel Pellegrini, but the Belgian has sensed a far more focused approach from Guardiola’s group.“Before saying anything or doing anything, you want to observe and see if you see the same mistakes which we’ve done previously,” Kompany said.“I’ve got to be honest, there was a feeling when we’ve won the league previously, you came back into the training sessions and everybody was a little bit less intense, a little bit more smiles and happiness, but a little bit less committed.“Teams that actually wanted it more could hurt us. I came into training this time and it’s completely different,” he added.With Guardiola saying he is still “starving” for more success, there appears to be little chance of a City letdown.They have already made a positive impression ahead of the new campaign by winning the Community Shield with an emphatic 2-0 victory over Chelsea at Wembley on Sunday.That was the perfect preparation for Sunday’s Premier League opener at Arsenal and Kompany added: “Number one, we realise this is precious and we want to hold on to it.“Number two, we went into the game with Chelsea – we lost two Community Shields before – and this was a strong Chelsea team. We played really well against them and that, for me, is a great sign.”City were so strong the last term that Guardiola has needed to make only one major close-season signing – landing Algeria winger Riyad Mahrez from Leicester in a £60 million deal.And City defender Kyle Walker epitomised the squad’s hunger for more silverware by cutting short his post-World Cup holiday to return to training ahead of the Community Shield.Walker had just two weeks off following England’s run to the World Cup semifinals, but he said: “I had the option if I wanted to come back later I could, but I wanted to be involved.“I left Manchester City at the end of last season in a good place and I wanted to pick up where we left off. I’m not resting on this. It is a short career. I want to win as much as I can win.”Guardiola doesn’t expect City to beat their points record this season, but with a first Champions League crown also in their sights, the Spaniard is determined to keep driving his players towards greater heights.“People say, ‘Can you improve on 100 points?’ – I say no. We are not here to do that,” Guardiola said.“But individually the players can improve. Of course, we can improve. If I felt we could not improve the team I would call my chairman and say, ‘OK, I leave’.“We believe we can do better, dominate more and we will try to do it. Is it going to happen? I don’t know but we believe we can do it.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Chelsea Appoints Lampard Manager

first_imgLampard led Derby to the Championship play-off final, where they lost to Aston Villa, in his first season as a manager.The former England international made 648 Chelsea appearances, winning 11 major trophies with them.He takes over with Chelsea under a transfer embargo after the club were given a two-window transfer ban by world governing body Fifa – a decision they are appealing against at the Court of Arbitration for Sport.“I am immensely proud to be returning to Chelsea as head coach,” said Lampard.“Everyone knows my love for this club and the history we have shared. However, my sole focus is on the job in hand and preparing for the season ahead.“I am here to work hard, bring further success to the club and I cannot wait to get started.”The appointment comes nine days after Derby gave Lampard permission to talk to Chelsea and 18 days after Sarri left Stamford Bridge.Lampard is the 10th full-time manager appointed by Roman Abramovich since he bought the club in 2003. (BBC)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Chelsea have appointed former midfielder Frank Lampard as their manager on a three-year deal.Lampard, 41, has left Championship side Derby County to take over at a club where he spent 13 years as a player.He succeeds Maurizio Sarri, who left Stamford Bridge in June to take charge of Italian champions Juventus.last_img read more