Dutch regulator asks 60 schemes to ‘reconsider’ future independence

first_imgHe also stressed that further consolidation was not one of the DNB’s goals.“What matters is that things work,” he said. “A large pension fund is not a guarantee for this.”Dahmeijer estimated that the number of pension funds in the Netherlands was set to fall from more than 300 to approximately 250 within a year.He said he was convinced the consolidation process would continue, and that it would affect all players involved in the industry, such as accountants and pension providers.According to the supervisor, insurers are growing more reluctant to conclude new contracts, while the duration of their quotes is decreasing, and some are even starting to withdraw from the market.“The changes might be even bigger than we are currently aware of,” he said.Dahmeijer also noted that pension funds’ boards hardly seemed to be planning to change their pension arrangements from defined benefit to defined contribution.“I don’t expect DB will have disappeared by 2020,” he said. The Dutch pensions watchdog, De Nederlandsche Bank (DNB), has encouraged 60 potentially vulnerable pension funds to “reconsider” their future as independent organisations, according to Jan-Jaap Dahmeijer, supervisor at the regulator.Speaking at a recent seminar in Amsterdam held by asset manager F&C on the future of the Dutch system, Dahmeijer said the DNB selected the 60 pension funds in question – with assets ranging between €50m and €2bn – based on criteria such as costs, participants’ average age and the ability to affect funding through contribution changes.He told IPE the DNB had conduced more thourough meetings with about five individual pension funds in the meantime, in order to provide tailor-made advice.He said the regulator had encouraged the pension funds to prepare for possible consolidation, but he stressed that any decision on the matter would ultimately be up to the schemes’ boards.last_img read more

Trojans freeze out Notre Dame in dramatic finish

first_imgSOUTH BEND, Ind. — After more than three hours bearing the cold, USC needed one more second, one more play and one more stand.It got all three.The Trojans defense held strong on three-straight passes to the end zone to stave off a furious Notre Dame comeback, securing a 34-27 win Saturday against the Fighting Irish at Notre Dame Stadium.The USC Trojan defense celebrates after what they thought was the last play of the game. Notre Dame got one more chance, but the defense came through with the stop. – Dieuwertje Kast | Daily TrojanThe win was USC’s eighth straight against Notre Dame. But unlike the previous three routs by the Trojans, Saturday’s game resembled the 2005 “Bush Push” game that was defined by a final dramatic drive.Notre Dame took three potentially game-tying shots at the USC end zone from the Trojans’ 4-yard line, but couldn’t complete the comeback. With nine seconds remaining, Notre Dame tight end Kyle Rudolph fought for a jump ball with USC cornerback T.J. Bryant in the corner of the end zone but was ruled out of bounds. On the next play, USC cornerback Josh Pinkard knocked down what he thought was the final play of the game as his teammates spilled onto the field to celebrate.But officials ruled that there was one second left on the clock, setting up USC’s defense for one final stand.“Whether we had to go back again or not, that just doubled the fun of trying to get it done,” USC coach Pete Carroll said.A pass intended for Notre Dame wide receiver Duval Kamara fell to the ground to clinch USC’s win.The last-second finish came as unexpected to a USC team that had led 34-14 at the beginning of the fourth quarter. The Fighting Irish reeled off two quick touchdowns and came up with game-changing defensive plays, however, to keep the game competitive.After two straight blowout wins against Washington State and Cal, USC found itself in a similar position to the early portion of the season when it faced closely contested games against Ohio State and Washington. USC linebacker Chris Galippo called the frantic finishes the “theme of the season.”“This is the most stressed-out game I’ve had – way more than Ohio State,” Galippo said. “They just had chance after chance after chance.”USC appeared to have the game in hand at the beginning of the fourth quarter when it led 34-14. But Notre Dame quarterback Jimmy Clausen fought off a slow start to rally his team to within a few yards of the upset. The Heisman Trophy candidate connected with wide receiver Golden Tate on a 45-yard touchdown pass and found Tate again for a 15-yard score to draw the Fighting Irish within seven.Clausen finished 260 yards passing and three total touchdowns. His two touchdown passes were the first that USC’s defense had given up all year.“He’s a great football player,” Carroll said. “We’ve known that since he was 14. You’re seeing the culmination of a career and all that here.”But Clausen’s effort may have been eclipsed by USC quarterback Matt Barkley, who mirrored Clausen’s rise as a southern California high school football legend. Barkley passed for a career-high 380 yards and two touchdowns on 19-of-29 passing.The true freshman tore up a blitz-happy defense that left itself vulnerable in the secondary throughout the day. Holding onto the ball until the last second, Barkley repeatedly found his two favorite targets, Damian Williams and Anthony McCoy, for big gains.After missing his first completion of the second half, Barkley completed seven straight passes for 195 yards.“There’s no way to describe it because there’s nobody else to compare him to in our history,” Carroll said of Barkley’s performance. “He’s just so poised and so comfortable in the arena that it doesn’t really matter where we’re playing; it doesn’t affect him.”Both Williams and McCoy finished with more than 100 yards receiving on the day. Williams had two touchdowns, including a 41-yard jaunt on a screen when an unsuccessful Notre Dame blitz left the Fighting Irish undermanned on the perimeter.“I already knew I had [the touchdown] by the time I got the ball,” Williams said. “It was three-on-two and that usually works out for us.”Carroll highlighted penalties and a lack of forced turnovers as two of the biggest reasons for the Trojans’ inability to close out in the fourth quarter. USC forced four fumbles but did not recover any of them.The Trojans committed eight penalties for 70 yards but were flagged frequently in the second half at critical junctures. Senior safety Taylor Mays and redshirt sophomore defensive end Malik Jackson both earned personal foul penalties on the final drive to shorten the field for the Fighting Irish.“I really think without the knuckleheaded 15-yarders that kept moving the football, we were going to be OK,” Carroll said of the final drive.For a Notre Dame team whose last five games have all been decided by seven points or fewer, the failed final drive was devastating.“We just were hoping that we would score, and when we didn’t, it was like someone drove a knife into our hearts,” said Notre Dame linebacker Brian Smith.The frigid weather and close finish may not have been to the Trojans’ liking, but the atmosphere served as an initiation into a storied history for many of the players.“I kind of understand now why this rivalry is so big,” Barkley said.last_img read more

Spring break not entirely friendly to USC

first_imgSpring break was no break at all for the USC baseball team, as they played a packed set of games against strong opponents.Tapped · Sophomore pitcher Chad Smith gets the start today. – Brandon Hui | Daily Trojan The Trojans played seven road games over the break, flying across the ocean to take on Hawai’i and traveled to Northern California where they faced off with Pacific. USC went 4-3 and evened its season record at 10-10.Coming away with a winning record after such a long road trip might seem like a positive. But USC coach Chad Kreuter said a poll of the players and coaches would return a different answer.“They’d say it was disappointing [to go 4-3],” Kreuter said. “It looks good for a road record on paper, but we gave away the first game at Hawai’i and didn’t pitch or execute as well as we needed to.”After taking three of four from the Rainbows, USC dropped the first two games at Pacific before bouncing back Sunday with its largest offensive output of the season, scoring 15 runs and knocking 21 hits.Freshman Cade Kreuter started the onslaught in the second inning when he hit his first of two home runs. He finished the week batting .409 (9-22) to boost his average to a robust .360 — best among full-time starters.Sophomores Matt Foat and Ricky Oropesa also hit home runs Sunday. Foat had a big game going 2-4 with five RBI while Oropesa’s home run was the culmination of a stellar week.In his last five games, the left-handed hitting sophomore has batted .600 (12-20) with three home runs, four doubles and nine RBI — recording RBI in all five games.With a solid relief effort allowing two runs in 4.1 innings, sophomore Brandon Garcia picked up the victory Sunday. Garcia’s effort was emblematic of the team’s last six games — when the relief pitching was solid, the team won.In the March 12 series opener against Hawai’i, USC blew a 2-0 lead in the bottom of the seventh inning when it committed three errors. Sophomore starting pitcher Andrew Triggs didn’t help his cause committing two of them. The bullpen then allowed four runs the following inning to give the Rainbows an 8-2 victory.The Trojans took the next three games from Hawai’i, only allowing three runs and while winning 3-1, 12-2 and 9-0.Sophomore Ben Mount pitched his first complete game March 13, allowing one run on five hits and striking out eight. The following day, senior Kevin Couture pitched five innings to pick up the win while juniors Chris Mezger and Logan Odom threw four scoreless innings allowing only one hit.In the series finale, sophomore Chad Smith, senior Shuhei Fujiya and Garcia combined for the best pitching performance of the season — zero runs, three hits, 11 strikeouts.The team hoped to carry its success into the weekend series against Pacific but struggled from the mound. Triggs gave up six runs, Mount allowed four runs, the Tigers got to Couture for seven runs and the bullpen combined to surrender six runs in eight innings.Only Garcia’s relief performance and the offensive outburst on Sunday saved USC from being swept.Kreuter said the team’s pitching struggles are all very similar.“In the seventh or eighth inning, we give up runs in bunches,” Kreuter said. “It’s usually just one pitch. Something like a 1-2 breaking ball that we hang instead of getting in the dirt.”“The guys did a really good job of correcting that in Hawaii,” he said. “We’re heading in the right direction. We’ve just got to get over that hump and learn from those mistakes.”The Trojans will look to carry momentum from Sunday’s 15-9 win as they host Pepperdine at 6:30 p.m. tonight in their final tune-up game before the conference schedule begins this weekend.After his strong outing last Monday against Hawai’i, Smith will get the start.last_img read more

Fans Cheer Nigeria at the Super Eagles Dome in Lagos

first_imgThousands of ecstatic football fans in Lagos came out on Saturday night to cheer on the Nigerian national football team at Super Eagles Dome, where Star Lager, the official beer of the Super Eagles showed enormous support for the National Team.The venue showcased High-tech, multi-media technology giving a 360 degree experience, where fans rallied in support of the Super Eagles as they faced Croatia in their first match in Russia. Football supporters also experienced a beer village, where fans were treated to refreshing premium lager beer all through the night.One of the main attractions of the Super Eagles Dome was the exquisite Star Lager tunnel, which featured a LED screen that takes Football fans down memory lane of historic Super Eagle moments. There was also the Super Eagles Dome Studio, where some of the Ex Super Eagles players joined football pundit, Steve Dede, as they shared match analysis and the overview of the Super Eagles performance leading up to Russia.The fans were excited from the first half, relaxing with fun games and quizzes as Mc LafUp took to the stage. Some fans also went forward to participate in the thrilling games, as delicious finger food and cold glasses of Star Lager, were served to everyone.The experience reached fever-point, when “Oleku”crooner, Ice Prince took to the stage to delight the audience. The excited football fans engaged him in an unending sing-along, as he delivered some of his most popular tunes. It was indeed a night of great entertainment that lifted the spirit of the passionate Fans of the Super Eagles.Speaking at the venue, Abayomi Abidakun, Senior Brand Manager Star Lager Beer, Nigerian Breweries Plc, said,“The Super Eagles Dome is our way of supporting the Super Eagles of Nigeria as they represent our nation in Russia and also creating an atmosphere for fans to cheer the team on with “One United” voice. We are proud of the opportunity, given to Star Lager beer, to create an atmosphere where passionate fans can come and support the Super Eagles, irrespective of the score line at the end of the day.”The Super Eagles Dome was created for fans of the Nigerian national football team. It offers a 360-degree experience of “Football unusual”, with good music and amazing prize giveaways. It is scheduled to continue throughout the competition in Russia, and in multiple cities across Nigeria.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Fans were not impressed by Mike Milbury’s question for Jenna Fischer during the Stanley Cup Final

first_imgFans were not impressed by his question. The Bruins beat the Blues 5-1 on Sunday to force a Game 7 in Boston on Wednesday. It is safe to assume the Fischer/Krasinski rivalry will only intensify over the next few days. Jenna Fischer, best known for her portrayal of Pam Beesly on NBC’s “The Office,” was in attendance at Enterprise Center in St. Louis on Sunday to watch her beloved Blues play the Bruins in Game 6 of the Stanley Cup Final. Prior to the game, Fischer and her TV-show husband John Krasinski, a Boston fan, exchanged jabs as they have the entire series.NBC’s studio show hosted Fischer in between the first and second periods, and she was asked about St. Louis and “The Office.” Fischer discussed what the Blues’ run has meant to the fans and her son and husband’s love of hockey. MORE STANLEY CUP:Jim and Pam: a house divided over Bruins-BluesShe also used this opportunity to share that the St. Louis/Boston rivalry between her and Krasinski goes back to their days on set. Mike Milbury, a former Bruins player and coach, used her appearance to ask what the strangest Dwight moment was, asking if it was the episode in which Dwight kills Angela’s cat.last_img read more