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One of the UK’s leading defined contribution (DC) pension providers is to set up its own regulated investment subsidiary in anticipation of rapid asset growth in the next few years.NEST has applied for permission from UK regulator the Financial Conduct Authority (FCA) to become regulated as an occupational pension scheme. Under the UK’s investment rulebook, this would allow the £8bn (€9bn) scheme to set up a wholly owned subsidiary – dubbed ‘NEST Invest’ – to run its investments.Speaking at a press event yesterday, chief investment officer Mark Fawcett said the permissions, if granted, would allow NEST greater flexibility in its investment strategy, including the ability to make co-investments in private markets.Fawcett said: “NEST is going to be responsible for £450m [of] new contributions every month. We’re becoming one of the largest players in the UK pensions market and our investment strategy is evolving to reflect that. “While setting up NEST Invest is an exciting development, it’s the natural next step for a scheme of our size”Mark Fawcett, CIO, NESTA number of other major UK pension providers have their own in-house investment operations, including the Universities Superannuation Scheme, the BP Pension Fund, and the Pension Protection Fund.As well as co-investments, FCA authorisation would allow NEST to direct fund managers to use derivatives to efficiently manage cashflows and risk, NEST said. The FCA is expected to respond to the application later this year.Fawcett said there were no plans to bring investment functions in-house, although he acknowledged that it would “probably make sense” in the long term.The multi-employer scheme has said it expected to hit £10bn of assets by March next year, although Fawcett estimated this could reach £13bn in 2020.This morning NEST announced it had made its first manager appointments for private markets, assigning Amundi and BlackRock to run real estate debt and infrastructure debt, respectively. “While setting up NEST Invest is an exciting development, it’s the natural next step for a scheme of our size. We already have the internal expertise in NEST’s investment team to manage the additional responsibilities.”
John William Moody, 67, of Dillsboro passed away Sunday, July 14, 2019 at The Waters of Dillsboro. John was born Tuesday, August 28, 1951 in Cincinnati, Ohio, the son of Jesse and Virginia (Piper) Moody. He married Mary Carter in September 2008 and she survives. John served his country in the U.S. Army. He was of the Baptist faith. He was self-employed and worked in construction. John’s hobbies included: fishing and riding his scooter, but mostly enjoyed his family.John is survived by wife Mary of Dillsboro; son John Moody (Quinton) of Ohio; 1 grandchild; sisters: Diana Bradley of Dillsboro, Virginia McPeek of Dillsboro and Janet Draper of Lawrenceburg.A service celebrating his life will be held at the convenience of the family. Filter-DeVries-Moore Funeral Home entrusted with arrangements, Box 146, Dillsboro, IN 47018, (812) 432-5480. You may go to www.filterdevriesmoore.com to leave an online condolence message for the family.
OA defeated Franklin County 2-1 last night in Girls Soccer.Courtesy of Twisters Correspondent Shawwn Storms. The Lady Wildcats played a very aggressive and intense game against the Oldenburg Twisters but came up one goal short to secure a tie or win. This was the most successful match up between Oldenburg and Franklin County in recent history. The overall record for the Lady wildcats stands at 8-6-1.Oldenburg took the lead 1-0 but Franklin County kept the pressure and pace. A foul was called in the box giving Oldenburg a PK attempt but Karlie Hahn came up big for the save to keep the Wildcats in the game.Jordan Nichols found Senior Adrienne Bundy on a well placed cross who buried the ball from the back door shot. It was a career topping highlight for Bundy as she finished her home career on the Wildcats Pitch.The Senior mid-fielders Jaime Stortz and Brylee Pace were dynamic yet controlled and make quite a few excellent attempts to put the Wildcats on top. Kylee Gibson and Maegan Pearson were composed and played great possession soccer in the center of the field as well.Laura Edwards, Claudia Mauntel, Adrienne Bundy, Taylee Conrad, Senior Grayce Knapp, Regan Barker and Kaitlyn Brunemann had an exceptionally difficult game but the Franklin County defensive line held together to frustrate the Oldenburg attack.Senior Grace Noble had three excellent breakaway chances to score and wad a threat the entire game. The final play of the game was a cross by Senior Page Hall to Grace Noble that could have been the equalizer but the shot went just wide.The Seniors had a celebration after the game during which the families, friends and teammates shared stories and memories. Gifts were given to all seven seniors including a donation to each senior from the Joe Gruber Memorial Fund.The Seniors who played their last home game are : Adrienne Bundy, Brylee Pace, Grace Noble, Grayce Knapp, Jaime Stortz, Karlie Hahn and Paige Hall.The Wildcats take on conference rival Connorville tonight away and then will play sectionals vs. South Dearborn next Thursday at 5 pm at Lawrenceburg HS.Courtesy of Wildcats Coach Cindy Adams.
Press Association City have subsequently admitted an FA charge of failing to ensure their players conducted themselves in an orderly fashion and/or refrained from provocative behaviour, resulting in the fine. Villa have admitted the same charge. However, their case is to be heard by an Independent Regulatory Commission in due course. It is the third time this season Villa have been hit with such a charge following similar incidents in the matches with Spurs on November 2 and Manchester United on December 20, resulting in £20,000 and £30,000 fines respectively. Leicester beat Villa 1-0 thanks to Paul Konchesky’s goal. Leicester have been hit with a £20,000 fine from the Football Association after a mass brawl at the end of last Saturday’s Barclays Premier League clash with Aston Villa. The incident occurred following a challenge by Leicester’s Matty James on Villa’s Jores Okore. Villa’s Ciaran Clark reacted by knocking the Foxes midfielder off his feet. As the duo pulled each other’s shirts, players from both sides surrounded them and became involved in a melee, at the end of which James and Clark were each shown a red card.
Ghana President John Dramani Mahama has fulfilled his promise to MTN FA Cup holders Bechem United by donating GHC50, 000 to support their upcoming CAF Confederation campaign. The President promised to reward Bechem United for their historic achievement when he visited the Bechem last month.And, yesterday, through the Chief of Staff Julius Debrah handed the money which will serve as a huge boost to the club who are expected to use it in renovating the Nana Gyeabour Park where they will be playing the Confederation Cup.The President in addition promised to put up an astro-turf in Bechem all in an aim of improving infrastructure in that region.Bechem United defied all odds to emerge victorious of the MTN FA Cup, becoming the first ever club from the Brong Ahafo region to achieve such great feat.And as part of winning the cup competition they will be playing in the CAF Confederation Cup for the first time in their history. The team are hoping to make a huge impression on their debut appearance.
He was wearing a Lakers hat, standing in front of a Lakers logo as he shook Adam Silver’s hand. But De’Andre Hunter is not going to be a Laker.The No. 4 overall pick from NCAA champion Virginia will be heading to Atlanta to begin his career.In a trade first reported by Yahoo Sports, the Hawks agreed to trade for the pick from the New Orleans Pelicans, who received it back when the Lakers traded for Anthony Davis. Since the deal cannot be officially completed until July 6, Hunter went through the motions on a Brooklyn stage.The Lakers lucked into the pick last month during the draft lottery, defying the odds to hop seven spots from their No. 11 slot. Along with Lonzo Ball, Brandon Ingram, Josh Hart, two other future first-round picks and a future pick swap, the Lakers traded the pick for Davis on Saturday. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersRelated Articles Newsroom GuidelinesNews TipsContact UsReport an Error Lakers practice early hoping to answer all questions Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Lakers, Clippers schedules set for first round of NBA playoffs How athletes protesting the national anthem has evolved over 17 years Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed Atlanta scooped up the pick from New Orleans by sending the No. 8, No. 17 and No. 35 picks in the draft, as well as a future first-rounder from Cleveland. They received Solomon Hill (a weighty contract the Pelicans had been trying to shed) and several second-round picks in addition to No. 4.The Atlanta-New Orleans trade could still have an influence on the Lakers’ assets if the two deals are combined before July 6.An ESPN report indicated that the Lakers’ front office, led by general manager Rob Pelinka, was still exploring options for using a third team to clear salary cap space in their dealings with the Pelicans.As things sit, the Lakers are projected for just under $24 million in cap space this summer well short of a third max salary slot, but they are reportedly willing to move the contracts of young players Moe Wagner, Isaac Bonga and Jemerrio Jones to create more space.
Josh Hill met up with England Golf graduate Tommy Fleetwood today and was presented with a Guinness World Records certificate to mark his achievement as a history-maker.England boys’ squad player Hill made headlines across the world when he fired a final round 62 to win the Al Ain Open on the MENA Tour in October.The victory saw him become the youngest-ever winner of an official world golf ranking event at just 15 years, six months and 27 days old.In recognition of his fabulous win, Fleetwood took time out his busy schedule to hand over a framed certificate to the up-and-coming young Englishman.Hill said: “I’m a big admirer of Tommy so it was a real thrill for him to present me with this Guinness World Records certificate.“I feel honoured to have achieved what I have at 15, but I know it’s only a starting point.“I’m like any normal teenager, just half-decent at golf. I will continue to work hard to achieve my dreams.”Fleetwood – currently world number 10 – came through the England amateur ranks before going on to become one of the biggest stars of world golf, a Ryder Cup winner and Europe’s number one.Hill – who was born in Surrey, but is based in Dubai – pegs it up tomorrow in another professional event, the Abu Dhabi HSBC Championship presented by EGA.Already this week he has enjoyed a practice round alongside world number one Brooks Koepka and rubbed shoulders with a range of stars from the European and PGA Tours.Hill’s meeting with Koepka naturally attracted a lot of attention especially when the 15-year-old outdrove the American on two occasions and beat him over eight holes!Koepka – a four-time Major winner – was impressed with both the teenager’s technique and attitude.Koepka said: “It’s always fun to get to play with these young kids, and you really see in 10 years – when I’m close to being on my way out – all these kids that will be up and winning a bunch.“It will be cool to see in the next five, 10 years how much he progresses.“He asked good questions. I thought that was important.“I think being so young, if I was in his shoes, I would have been afraid to ask. He wasn’t afraid to ask, which I think is very important and very mature for his age.“He’s a good player. Putts it really well. Short game is really good. Strikes it really well.”Hill is an important member of the England boys’ squad for 2020 and will be competing for a place in the team to play Home Internationals and the European Championships.Photograph credit: Getty Images Tags: England Boys’ Squad, Josh Hill 15 Jan 2020 You’ve been framed! Record-breaker Hill is a Guinness prize guy
LITTLE SILVER – An overflow crowd of almost 75 people at the historic Parker Homestead listened to author and County Historical Commission member Joe Grabas describe his research into the under-acknowledged history of slavery in Monmouth County Sunday afternoon, Sept. 16.Controversial and occasionally disputed, local historians say slavery was prevalent in Monmouth County – even among Quakers like the Parker family – from the county’s founding through most of the 19th century.Keith Wells, president of the Board of Trustees for the Parker Homestead addressed the matter as he introduced Grabas to the crowd gathered in the 1795 barn at the historic property.“Many people visiting The Homestead ask if the early Parkers were slave holders. Joe Grabas is the expert. His research indicates that members of the extended Parker family owned slaves. However, it is unclear to us at this time that slaves actually worked at The Homestead. We continue to research this important subject.”With that, Grabas kept the crowd intently tuned to revelations from his many years of research into property records. Grabas owned a title search company; during his career, he discovered hundreds of documents illuminating the story of enslaved people.He noted the importance of land records and their connection to slavery with a quote from John Steinbeck: “If a man owns a little property, that property is him…and some way he’s bigger because he owns it.” Because enslaved peoples, and later free blacks, were prohibited from owning land, their struggle to rise above their conditions took longer than it should have, according to Grabas and other scholars.Guest lecturer Joe Grabas, right, shows Parker Homestead Board president Keith Wells an image of Jake Brown who lived in Fair Haven. Photo by Rick GeffkenGrabas’s book, “Owning New Jersey” details the remarkable saga of Jake Brown, an African-American man living in Fair Haven when the author met him years ago. “This dignified, almost 100-year-old man had served in World War I and lived most of his life on Brown’s Lane in Fair Haven,” said Grabas. That property was granted to Brown’s grandfather by Jacob Corlies, a white man, in 1830, decades before the official abolition of slavery – a seeming anomaly. But, in fact, the land transfer was a direct result of the 1804 New Jersey Act for the Gradual Abolition of Slavery. The Act stated that black males born after July 4, 1804 were free but could purchase land only after they reached 25 years of age. Brown’s grandfather, also named Jacob, was one of the first to do so along the peninsula.When he was an undergraduate – he is currently pursuing his master’s in history – Joe Grabas studied under the tutelage of Richard Veit of Monmouth University. Describing his student, Veit noted, “Joe has incredible skills as a researcher and has already made major contributions to the understanding of slavery in New Jersey.”Much of the information Grabas presented to the crowd in the old barn on a particularly hot, late summer day concerned how entrenched slavery was in pre-Civil War New Jersey society. Quakers were not the only slaveholders. Early Dutch farmers throughout New Jersey enslaved Africans.When Jesse Lightfoot published a Monmouth County map in 1851, he noted the location of the “African Church” in what became Fair Haven. The church was on land owned by Jacob Brown, described in his 1830 deed to the property as a “Coloured Man.” Brown established a free African-American community around his homestead. Today’s Brown’s Lane is a tribute to this pioneer. (Monmouth County Archives)Though New Jersey declared that “All men are free and independent” in its second state constitution of 1844, the State Supreme Court interpreted that as meaning only “white men.” New Jersey was one of the last four states to ratify the 13th Amendment to the U. S. Constitution, in January 1866.Several who listened to the Grabas revelations had personal connections to his stories. Bill Martin, now residing in Red Bank, recalled that he was “probably the first white guy to live on Brown’s Lane when I bought a house there in 1974.” He said he knew a woman in Jake Brown’s family, Mildred Keys, who owned an ice cream parlor in Atlantic Highlands.Jean Thomas grew up on River Road in Fair Haven in a house which her 96-year-old father, Raymond Taylor still calls home. Listening to Grabas describe the hardships of African-Americans, she said she felt moved, and shed a few tears at first, but felt thankful for the account.“The most surprising revelation to me was that the people at that time followed those laws for so long,” Thomas said. “I am an African-American, a woman and an educator. But, I am also human. We can learn from the past and work to make the world a better place for all people.”This article was first published in the Sept. 27-Oct. 3, 2018 print edition of The Two River Times.
Western Bureau:In addition to being the tourist capital of Jamaica, Montego Bay, through its MoBay City Run, coupled with the plethora of some of the best golf courses in the Caribbean, could become a major pull for travellers seeking high-end sports and wellness activities.The idea was pitched at yesterday’s press briefing for the May 1 MoBay City Run by Dr Horace Chang, in whose North West St James constituency the event has been located since inception.”The entire community has begun looking at the City Run as a calendar event for Montego Bay and I want to commend the organisers and those who originated the idea, as it brings out not only the support for higher education, but also brings the city together,” said Chang.”In addition to that, it could well become another event to attract a high volume of our visitors, as we are still the resort capital of Jamaica and indeed the Caribbean,” he added.UNIQUE POSITIONThe run, he said, could easily become part of the international 10K/5K calendar and with the large number of golf courses and available tennis courts, Montego Bay is uniquely positioned to benefit from the lucrative sports tourism market.He said the city has the required infrastructure to facilitate tourists in large numbers.This year’s event will also celebrate the establishing of Montego Bay’s city status 35 years ago.Montego Bay Mayor Glendon Harris told The Gleaner that the City Run will highlight the best of Montego Bay, acting as a unifying force in a city that struggles at times to maintain its good name.Both Chang and Harris were participants in the inaugural staging of MoBay City Run in 2014 and have used their respective offices and status within the city to endorse the event, which pulled well in excess of 2,000 participants last year.The event has raised more than $6.5 million in its two years, while supporting education with valuable scholarships to more than 200 students at the tertiary level so far, and organisers are hoping to double the recipients’ pool this year.Entry Fee: Groups – 20 or more – $1,500 per person; individuals – $2,000 (Early Bird Special), which ends on April 15.After April 15, the registration cost will increase by $500 per category (group or individual).Janet Silvera, chairman of the MoBay City Run Organising Committee, revealed that registration has been going well and that they have surpassed 1,500 registered participants at this early stage.