The new partnership will target high-quality farmland assets across North America, South America and Australia.Jose Minaya, senior managing director and head of private markets asset management at TIAA-CREF AM, praised agriculture’s low correlation with other asset classes.“The macroeconomic fundamentals for investing in farmland,” he said, “are very positive, and we view the launch of this new strategy as a testament to the ongoing potential and attractiveness of this asset class.”He said the new fund would benefit from the local expertise of leading farmland asset managers, Westchester Group Investment Management, a TIAA-CREF majority-owned subsidiary.The EAPF’s commitment to the venture comes as it targets a 25% exposure to real assets, with commitments to date at £230m (€327m). For its part, AP2 last year announced that it would allocate a further $1bn to real assets and scrutinise its farmland holdings more closely. Sweden’s AP2 and UK local authority funds are among the backers of a $3bn (€2.7bn) global agriculture fund.The Environment Agency Pension Fund (EAPF), the Greater Manchester Pension Fund and the UK pension scheme for US manufacturing company Cummins are UK-based asset owners backing the venture, which has also attracted support from the New Mexico State Investment Council.A total of 20 investors backed the venture, announced weeks after AP2 and Greater Manchester threw their support behind Global Timber Resources, also launched by TIAA-CREF.The new agricultural partnership, TIAA-CREF Global Agriculture II (TCGA II), had a target raise of $2.5bn and follows on from TIAA-CREF’s previous efforts backed again by AP2 and a number of Canadian asset owners, including the British Columbia Investment Management Corporation.
The UK Department for Work & Pensions (DWP) has published the new Pension Schemes Bill today, which it said would put important new regulations for master trusts in place and bolster existing laws on exit charges.Richard Harrington, the minister for pensions, said: “We are helping to create a culture of saving across the country and have delivered much-needed change to our pension system to make saving easier, fairer and safer for all.”The publication of the bill was generally welcomed by the industry, though the uncertainty over capital requirements was condemned by at least one provider.Harrington said the government wanted to ensure savers in master trusts had the same protection as everyone else, so it was levelling-up that protection to give them more confidence in their pension schemes. The government department said that, as things stand, there are some workplace pension-scheme members whose savings are at risk from master trusts that fall short of minimum governance standards.The bill, in addition to strengthening pension schemes by making them meet higher operating criteria, will also boost consumer protection on a range of pension matters.The DWP said it would create a new approval regime for master trusts and give The Pensions Regulator (TPR) new powers to intervene where schemes were at risk of failing.Under the proposed new legislation, master trust schemes will have to show they meet five key criteria.They will be required to demonstrate that people involved in the scheme are fit and proper, that the scheme is financially sustainable and that the scheme funder meets certain requirements to provide assurance about their financial situation.In addition to this, the schemes will have to show they have sufficient systems and process requirements to do with their governance and administration, and that they have an adequate continuity strategy, according to the DWP.TPR welcomed the bill, which it said would give it power for the first time to authorise and de-authorise master trusts according to strict authorisation criteria.Andrew Warwick-Thompson, the regulator’s executive director for regulatory policy, said: “We have long called for much stricter controls on master trust schemes and voiced our concerns over the current, very low barriers to market entry.”Joanne Segars, chief executive of the Pensions and Lifetime Savings Association (PLSA), welcomed the bill and said the industry group would now scrutinise it and discuss the planned secondary legislation with the government to make sure it was “proportionate”.“The capital reserving and financial sustainability provisions will require particular scrutiny,” she said.In the bill, read before the House of Lords yesterday and scheduled for general debate on 1 November, provision is made under the section on ‘Financial sustainability requirement’ for TPR to require a master trust or its funder to meet requirements “relating to its financing, such as requirements relating to assets, capital or liquidity”.The PLSA said yesterday it had set up a master trust committee to promote and defend the model of pension provision to the government and regulators.Industry representatives on a panel about auto-enrolment at the PLSA conference in Liverpool gave their initial reactions to the bill, details of which had been published only shortly before.Otto Thoresen, chair of NEST Corporation, gave a cautious welcome to the bill, saying that action was long overdue but at least had now been initiated.The bill does not appear to contain any dramatic surprises, but “the devil is in the detail”, he said, in particular with respect to how the capital requirements are defined and what will count as capital.Emma Douglas, head of DC at Legal & General Investment Management, said some master trusts would be forced to close as a result of the measures, with the regulation being “designed to flush out” those providers that are incapable of operating to the higher standards.She said creating “some fallout” was the regulation’s intention, and that it was key for the industry to co-operate “to provide a safety net” to avoid a “messy fallout”.Patrick Heath-Lay, chief executive at The People’s Pension, also emphasised the importance of avoiding disorderly consolidation, even though the bill is “designed to have a market impact”.He backed the idea of the industry’s coming together to help manage the likely fallout and suggested a panel process could help with this.Other master trusts welcomed the draft legislation.Morten Nilsson, chief executive at ATP subsidiary NOW: Pensions, said that, when his company had entered the auto-enrolment market in the UK, staff were shocked at how easy it was to set up a master trust.“It was simply a case of sending a form off to HMRC and the Pensions Regulator – nothing more,” he said.Since then, Nilsson said the firm had long campaigned for tighter regulation of master trusts to protect savers.But he criticised the lack of a minimum capital requirement for providers entering the market, describing this as a “grave oversight.”He said it was also disappointing that the master trust assurance framework would not be made compulsory as part of the licensing regime.“The voluntary assurance framework,” Nilsson said, “was introduced as a quality standard to enable trustees of master trusts to demonstrate high standards of scheme governance and administration and making it compulsory and building on this existing framework seemed logical.”Kate Smith, head of pensions at Aegon, said the bill would bring governance standards for master trusts much closer to contract-based regulatory standards, which had to be good, she said, not just for employees saving in a master trust but for the pension industry as a whole.But some of the reportedly 100 master trusts in existence might decide the additional costs created by these standards are too great, she said.“This may drive consolidation in the coming year, with members being transferred into stronger schemes that meet the new standards,” Smith said.
Oceanteam has concluded the sale of its engineering and consultancy company KCI the Engineers B.V. to Royal IHC.The transaction, under the terms of which IHC acquires all of the outstanding share capital of KCI, has been closed on Monday, January 15, 2018.The transaction has been closed through signing of the Sale and Purchase Agreement and ancillary documents, Oceanteam informed.IHC plans to maintain KCI as an independent brand and operating company which will continue to serve external clients whilst also working on IHC projects.Oceanteam will use the proceeds of the sale to improve the company’s liquidity and to reduce outstanding debts.
Loading… Manchester United teenage defender, Teden Mengi, is ready for the first team, according to Ole Gunnar Solskjaer. The 18-year-oid has already played for the first team in the Europa League last term, and may get more chances this season. And Solskjaer admits he sees ‘something special’ in the young centre-back.Advertisement “We always had that in the back of our minds that our academy will provide players and Teden has definitely impressed me. It’s different trusting defenders on the big stage, of course it is,” Solskjaer told BBC Radio 5 Live. read also:Man Utd boss Solskjaer’s son lands Kristiansund pro deal “You’ve got to make sure he’s ready for it, you see examples of Ajax, who play in a different league, but Matthijs de Ligt… they made him captain when he was 18. You can see something special in them. Teden’s got something special in him. It’s about picking the right moment to give him a chance.” FacebookTwitterWhatsAppEmail分享 Promoted Content7 Facts About Black Holes That Will Blow Your Mind7 Universities Where Getting An Education Costs A Hefty PennyBest & Worst Celebrity Endorsed Games Ever MadeRihanna Is Getting Her Own Museum In BarbadosCouples Who Celebrated Their Union In A Unique, Unforgettable WayWho Is The Most Powerful Woman On Earth?Ridiculously Expensive Things The Rock Spends His Money OnThe Models Of Paintings Whom The Artists Were Madly In Love WithYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime10 Risky Jobs Some Women DoCan Playing Too Many Video Games Hurt Your Body?7 Of The Wealthiest Universities In The World
The 18-year-old winger is one of the success stories of United’s season so far. Outstanding on the club’s pre-season tour, Januzaj made his debut in the Community Shield but was then forced to wait for a significant chance to impress in the Premier League. Giggs realises Januzaj should not be saddled with too much expectation at present. For talent as raw as his can sometimes lose its edge. “He is doing OK at the moment. The advice comes when things aren’t going well for him,” said Giggs. “Young players have dips in form. That is inevitable. “At the moment you just let him enjoy it because everyone is enjoying seeing what he has done in the last couple of games for United.” Amid all the chatter has been compliments from his manager and a new five-year contract, underlining the faith United have in him. “Having his future settled will help,” said Giggs. “Obviously he can forget about that now and just enjoy his football. “He has enjoyed learning and training with the first team, just like I did at the same age. “Not only does he learn so much, it is great for the other players to see someone like that. It gives you a lift as well.” Ryan Giggs has told Adnan Januzaj to ignore the hype and carry on the magnificent start to his Manchester United career. Press Association When it was offered by manager David Moyes immediately before the international break, Januzaj took it with both hands, scoring the two goals at Sunderland that overturned the hosts’ early lead and allowed United to claim a precious victory. He maintained that form against Southampton, when he provided the sensational through ball to Wayne Rooney that eventually led to Robin van Persie’s goal. It has led to Januzaj becoming one of the most talked-about young players in the game, with particular focus on which international team he is going to commit to. For Giggs, who caught the eye in equally startling fashion when he made his breakthrough in 1991, the key for Januzaj now is not to change. “I got told just to carry on doing what I had been doing in the youth team and the reserves because that is what had got me into the first team,” said Giggs. “Adnan is a great lad. He wants to learn and he wants to get better. “That is great to see. “He is a talent. As far as I am concerned he is at the right place, so hopefully we can see that talent develop.”
He said: “It’s disappointing when you dominate a football match like that, the ref should have stopped it at half-time. “I thought we tired in the second half but that’s to be expected and two of those back four have trained about four times in eight weeks. We dropped off a little bit too deep and couldn’t keep that pressure on them. “But anyone who has seen that football match knows it shouldn’t have been close.” Rangers hit back after the break through Clint Hill and Charlie Austin, the latter netting with just 12 minutes left. They have taken four points from their last two away games after winning just once on the road this season before Saturday’s 4-1 win at West Brom. The draw, though, left them two points from safety having played a game more and boss Chris Ramsey admitted he was nervous after Austin’s goal. He said: “It’s a long time, it’s heart attack time for managers that. You can see you’re going to win but you know there’s a chance anything can happen, a free-kick, a corner or a bit of magic. “I thought we could (hang on) but a free-kick is a free-kick, at that stage most of their attacking options had been exhausted. “I’m disappointed if I’m being honest. But before the game if someone said we’d get four points from the last two games we probably would have taken that.” Rangers were seeking back-to-back away wins in the top flight for the first time since 1995 but Ramsey targeted home victories to keep them up. They host Chelsea on Sunday before welcoming West Ham and Newcastle to Loftus Road. He said: “I don’t know what we need but we’re probably going to have to win three games. I don’t know what the points total will be but our two home games are going to be very important after Chelsea. “We have got a couple of very difficult ones in Liverpool and Manchester City and then we have the potential cup final against Leicester on the last day of the season. “Most teams would take being in it right to the end and then roll the dice, you don’t want to start being detached because it’s a big mountain to climb.” Meanwhile, claims Carles Gil left Villa Park after not being named in the matchday squad are unfounded. The midfielder was pitchside before the game and watched the match in the players’ box. Press Association The forward’s treble – his first in two years – clinched a pulsating 3-3 draw with their drop rivals as Villa edged further clear of the bottom three. Villa are three points above the Barclays Premier League drop zone and denied QPR the chance to leapfrog them in the table. Boss Tim Sherwood backed Christian Benteke to fire Aston Villa to safety after the striker’s crucial hat-trick saved a point against QPR. Defeat would have left Villa in the relegation zone and behind QPR but Benteke struck a 25-yard free-kick with seven minutes left to save them and complete his treble. The Belgium international has seven goals in seven games under Sherwood and the boss hopes he can maintain his form to keep Villa up. He said: “That’s the plan. “It doesn’t come much better than that. He’s a good player, I have always said it and he’s in a rich vein of form. “It’s fantastic for him to score the goals, it’s just a shame we couldn’t get the three points. “It’s not about what you deserve, it’s about what you get and we got one point. “This could be a vital point come the end of the season in the end, when you go so late into the game and Christian has had to pull that out the bag we’re grateful.” But Sherwood insisted Villa should have won after Benteke’s first-half double, cancelling out Matt Phillips’ opener, gave them a 2-1 lead at the break.
The result of Caster Semenya’s landmark case against athletics’ governing body will be published on Wednesday.The double Olympic 800m champion is challenging the IAAF over its regulation restricting testosterone levels in female runners.The rule will apply to women in track events from 400m up to the mile. Semenya would either have to take medication to be eligible to compete in the 800m, change events or move to compete against men.The Court of Arbitration for Sport says it will publish its ruling at midday on Wednesday.Semenya won 5,000m gold at the South African Athletics Championships on Friday – a new distance for her that would not be affected by the IAAF rule change.She has described the IAAF’s new rules as “unfair” and said she wanted to “run naturally, the way I was born”.The rules would require athletes to keep their testosterone levels below a prescribed amount “for at least six months prior to competing”.The IAAF said in April 2018 that the new measures would stop women with high testosterone levels gaining a competitive advantage.Testosterone is a hormone that increases muscle mass, strength and haemoglobin, which affects endurance.The rules were intended to be brought in on 1 November 2018, but the legal challenge from Semenya and Athletics South Africa caused that to be delayed until 26 March.The United Nations Human Rights Council has called the plans “unnecessary, harmful and humiliating” and South Africa’s sports minister called them a “human rights violation”.Commonwealth 800m and 1500m champion Semenya announced in June 2018 that she would challenge the IAAF, saying: “I am Mokgadi Caster Semenya. I am a woman and I am fast.”She was asked to take a gender test as an 18-year-old shortly before she won the 800m at the 2009 World Championships in Berlin.Athletics South Africa President Leonard Chuene later admitted that he had lied to Semenya about the purpose of the test, having told her it was a random doping test.The results were not released and Semenya was cleared to return in July 2010.Research commissioned by the IAAF in July 2017 found that female athletes with high testosterone levels had a “competitive advantage”.However, critics of the governing body have said its stance is discriminatory, and highlighted the possible psychological effects on those who have to take the tests.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
The 2016 election will be the first to allow Undergraduate Student Government members to vocally support any president-vice presidential ticket or senatorial candidate and candidates will no longer carry commuter, greek or residential designations.The spring semester marks another round of USG elections. However, this year’s election, which begins on Jan. 28, will feature some notable changes.“Prior to this election, student government members weren’t able to support or endorse candidates at all,” USG President Rini Sampath said. “This year’s student government members will be speaking out and some might even go as far as to endorse some members publicly.”Co-Director of Elections and Recruitment Logan Dallas, who penned the revision, said the decision was popular among USG members, many of whom expressed frustration with not being able to voice their support for candidates based on their own experiences serving in student government.“Typically a lot of people running have experience working in USG and the people they work with know them pretty well and know their qualifications,” Dallas said. “It was pretty well-supported.”Though individual USG members will be allowed to vocally back candidates, they will still be barred from working on any candidate’s campaign. Additionally, all USG committees and assemblies, such as Program Board or the Political Student Assembly, will not be allowed to formally endorse any ticket or candidate.With the change in designations, current Residential Sen. Aaron Rifkind said that he is confident the Senate will be able to find a balance in representation without the assigned constituencies.“I think it’s going to shake itself out and that ultimately there will still be a decent balance among students,” Rifkind said. “It’s the first year we’ve done this, so we’re going to see how it works out.”According to Dallas, this election season marks an unprecedented number of students who have expressed interest in running in the Senate race, particularly among the freshmen class. Whereas all 12 of last year’s Senate seats were uncontested, each seat is expected to be competitive this year.Sampath attributed the heightened interest in student government to the popularity of last semester’s campus-wide discussions, ranging from diversity to college affordability.“I think we had the most engaged semester this campus has seen in terms of student government and the general student body,” Sampath said. “We had the most packed Senate meetings, we had students coming to us with different initiatives and ideas — visibility was so high.”Last semester, USG partnered with other campus organizations such as the Women’s Student Assembly and the Panhellenic Council to encourage more women to run for office. Though the number of female applicants to run in the upcoming election didn’t see a noticeable change from years past, Sampath said she is hopeful that continued efforts to encourage women to run will inspire growth in future elections.“There are a lot of empowerment organizations for women — like the greek sororities — but we often don’t see members of these large female groups going for office whereas we may see a lot of members of these large male organizations running for office,” Sampath said. “I’m all for learning and understanding why that is the case and I wonder if we have more conversations within those type of circles maybe we can actually find the answer.”Sampath said she hopes this election will see more representation among spring admits and transfer students, some of whom she says have reached out to her expressing interest in getting involved with student government.Popular issues such as college affordability, diversity and mental health were among the many topics to dominate last semester’s campus conversations. Rifkind anticipates that many of these issues will continue to gain traction in the spring.“The Campus Climate resolution was a step in the right direction, but I think students are still wanting a bit more out of the administration in terms diversity,” Rifkind said. “I still think typical issues like improving campus dining, bike rules on Trousdale and even the smaller things that Senate usually works on alongside bigger issues are still going to remain popular.”As USG transitions to newly elected leadership later this semester, Sampath encouraged students leaders to serve as advocates for the student body.“It’s our job to advocate for students and that means taking a stand and having an opinion on things that may not feel like the most popular or likeable idea at the moment,” Sampath said. “The only way we’re going to be able to create change is if we use our voices and the platforms that we have to speak out.”Voting will take place between Feb. 9 and 11.
“Suicide Blitz” runs Thursdays. To comment on this article, visit dailytrojan.com or email Danny at firstname.lastname@example.org. When USC coach Lane Kiffin peers across the field to the opposite sideline Saturday afternoon when the Trojans take on Arizona, he just might be able to learn something from his opponents.Who should he be looking at? He should be looking at Wildcats coach Mike Stoops.Now, you might wonder what Kiffin might be able to glean from looking at a coach with a 41-48 career record who lives in the shadow of his much more accomplished brother, Bob. Well, he can learn how to be a little more animated.Few coaches are more stoic and composed on the sideline than Kiffin, who rarely flashes the slightest bit of emotion. He doesn’t yell. He doesn’t jump. He doesn’t throw his headset. He’s cool and he’s collected. He’s kind of boring.Even fewer coaches are more excitable than the red-faced, bulged-eyed Stoops, whose gaze of anger will burn through your TV screen. He yells, he screams. He rants, he raves.Perhaps neither extreme is the appropriate on-field demeanor, but Kiffin could stand to take some of Stoops’ manifest passion and inject it into his routine.Kiffin’s hesitancy to be demonstrative on the field is understandable. As he continues to flee from his checkered past, he likely wants to do his best to divert attention from himself. After all, the easiest (and often most hilarious) way for a coach to attract eyeballs is to throw a temper tantrum on national television.Though Kiffin’s antics and behavior might not direct the focus at himself, his gameplan can — as seen in the loss to Arizona State, where he called running plays on three third-and-long scenarios, jeopardizing each of those drives.But during the last two seasons, Kiffin has been excessively docile, passing over the necessary threshold of caution and coming up dull. Dullness doesn’t seem like the right persona for a coach striving to improve his team.When Pete Carroll was still at USC, part of the reason he was such a great recruiter was he fostered an on- and off-field environment few could resist. He would cheer on the field, high-five his players, jump on the sidelines and was always smiling. The emotional involvement of the head coach better motivates players to play well, and Carroll was great at displaying that investment.Kiffin is certainly invested in winning, just as any coach getting paid his salary would be, but the true effect isn’t in the fact that he cares; it’s in how his caring manifests itself.During games, Kiffin remains stone-faced and calculated, showing almost no reaction to the most exciting plays. The most excitement you’ll see on the field these days is a handful of players on the bench waving their arms on third down in hopes of getting the crowd to support a defensive stop — and most of the time, it’s just a small portion of the student section who obliges.When redshirt sophomore cornerback Torin Harris returned the block field-goal attempt to seal the Utah win, not only did Kiffin show no signs of celebration, but he also shepherded his players off the field when they started to celebrate the win.He has to let his players have some fun out there.Moreover, a stern (while not overbearing) coach seems more likely to promote discipline and limit errors and poor decision-making by the team. Kiffin has done well to make over the program off the field, instituting strict penalties for unacceptable behavior and awarding patches for academically excellent players. But he doesn’t seem to value accountability to the same degree on the field.If Kiffin were to scold and yell at players who make mistakes or commit penalties, it might dissuade players from making further errors. It certainly can’t be any less helpful than the silent smirk of disappointment he typically sports when players jog off the field after a miscue.Stoops is always in players’ faces, causing them to have night terrors on a regular basis. Kiffin doesn’t need to get on that level, but some vocal encouragement and hype would be appropriate to get the team in the right frame of mind.So when sophomore cornerback Nickell Robey gets beat by receiver Juron Criner this Saturday, or senior tailback Marc Tyler fumbles the ball or junior safety T.J. McDonald puts on his Taylor Mays hat and puts a late licking on a poor Wildcats runner, Kiffin should be in their ears.And when junior quarterback Matt Barkley throws a 55-yard touchdown pass to sophomore receiver Robert Woods, he should congratulate them — loudly.It’s time he made Trojans football fun and exciting again.
ENL Consortium, operators of Terminals C and D at the Lagos Port Complex Apapa, on Friday defeated a terminal operator at the Tin Can Island Port, Josephdam Ports Services (JPS), to lift the 2019 Maritime Cup.In addition to winning the trophy, ENL also went home with a cheque of N1million courtesy of the organisers.The tension-soaked match, which was watched by the chief executives and top managements of both organisations, stretched beyond 90 minutes into penalty shootout.Josephdam opened score in the 17th minute of play through its top striker Akinbirin Peter while ENL’s equalizer did not come until the second half precisely in the 54th minute through Uche Sunday, bringing the score to 1-1 at full time. During the penalty shootout, ENL converted all its seven kicks to goals while Josephdam was only able to convert six out of seven.ENL won the trophy for the first time in the 11 years of the annual competition.ENL did not particularly have a smooth ride to victory as it had to battle top-rated teams to advance to the final match. It defeated two of its Group A rivals, Dangote Ports Operation 5-0 and Higher Pacific International (HPI) 2-1, and played a 1-1 draw with Nigerian Ports Authority (NPA) to qualify for the semi-final.In the semi-final match played on Thursday, it defeated fellow Apapa port operator, Apapa Bulk Terminal Limited (ABTL) 2-0.In the third place match, ABTL defeated former champions, NPA 2-0 to clinch the tournament’s bronze medals.Josephdam’s Chibueze Hardy and Tosin Omoruwa won the Most Valuable Player and Best Goalkeeper respectively of the tournament while the Fair Play award was won by ABTL.The Executive Vice Chairman/CEO of ENL Consortium, Princess Vicky Haastrup, who was at the pitch to cheer her team to victory, commended the players and officials for their professionalism.“This is a great competition and I am happy to be here. It was a tension-soaked match and as you could see, I was on my feet all through and I am happy we lifted the trophy for the first time,” she said.The final match was watched by a mammoth crowd and several maritime industry dignitaries including the representative of the Comptroller-General of Nigeria Customs Service, Deputy Comptroller Dera Nnadi; Chairman Shipowners Forum, Barrister Margaret Onyema-Orakwusi; the Managing Director of Apapa Bulk Terminal Limited, Captain Marvin Abe; the Executive Vice Chairman/CEO of ENL Consortium, Princess Vicky Haastrup; the Managing Director of Josephdam Port Services, Mr. Simon Travers, the Managing Director of Micura Services, Chief Mike Ubogu, and several others.The annual Maritime Cup competition is organised by top maritime firm, Ships & Ports.The 2019 Maritime Cup competition, which is the 11th in the series, was supported by Dangote Ports Operation, Morbod Group and NPA.Past winners of the Maritime Cup include Nigerian Navy (2009), Micura Stevedoring Services (2010), Nigeria Customs Service (2011, 2012, 2013, 2016 and 2017), National Association of Government Approved Freight Forwarders, NAGAFF (2014), Association of Nigerian Licensed Customs Agents, ANLCA (2015) and Nigerian Ports Authority (2018).Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram