Nordic roundup: PKA, Genan, AI Pension, PP Pension, Alecta

first_imgDanish labour-market pensions administrator PKA has secured a rescue deal with bank creditors to its troubled private equity investment Genan and put a new chairman in place at the tyre-recycling company.Without giving details of the agreement reached between PKA and the four banks that had lent to Genan and Deloitte – the audit firm involved – PKA’s managing director Peter Damgaard Jensen said: “It is an agreement all parties are satisfied with.”PKA took Genan over last August, raising its stake in the company to 97%, and said it has been trying ever since to find an overall economic solution to secure a future for the business.In September, PKA said it wrote down the value of its investment in the company to DKK250m in the first half of this year, having originally invested around DKK1bn in it. Damgaard Jensen said the deal meant PKA could now “look ahead” and that Genan could concentrate on what it did well.“We at PKA have always emphasised the importance of saving Genan because we believe in the business idea, and because it is the best way to secure our investment and our members’ pensions,” he said.Peter Thorsen, who has a background as a director and investor in a number of Danish companies, is to take over as chairman of Genan, replacing Jens Kampmann, PKA said.PKA’s investment director Michael Nellemann Pedersen will remain on the supervisory board of the company in the transition phase.One of the supervisory board’s first tasks will be to find a new and permanent chief executive to replace CFO Henrik Olesen, appointed interim chief executive on 1 December.Discussions had been held with the Public Prosecutor for Serious Economic Crime over the role in Genan of the company’s founder Bent Nielsen, PKA said.Meanwhile, Swedish occupational pension funds AI Pension and PP Pension have announced they are to merge.AI Pension, previously known as Arkitekternas Pensionkassa, and PP Pension, the pension fund for the press and media, are to become one pension fund on 1 January 2016, according to plans by the boards of both pension funds.The decision still requires the approval of both boards and the Swedish financial regulator Finansinspektionen, the funds said.Kjell Norling, chief executive of PP Pension, and Maritha Lindberg, chief executive of AI Pension, said in a joint statement: “There are major changes in the regulatory area, which increases demand and affects our costs negatively.”The merger will allow them to increase cost efficiency, reduce vulnerability, increase quality and improve their competitiveness, the two chief executives said.AI Pension and PP Pension have been operating in the competitive market for ITP1 and ITPK workplace pensions provision since 2007 and 2013, respectively, and no longer have monopolies in the provision of these, the funds said.Both pension funds were the insurer for ITP2 within their industries.In other news, Swedish occupational pensions provider Alecta has reported a 14.9% return for its defined contribution (DC) pension Alecta Optimal Pension over 2014, down from 17.3% in 2013, but revealed solvency had weakened.Alecta’s defined benefit (DB) pension ended the year with a 12.3% return, up from the previous year’s 9.8%.It said the DC return outperformed the benchmark by 1.8 percentage points.But the funding level of the DB pension fell to 143 at the end of December 2014 from 148 12 months earlier.The group solvency ratio also dropped, and stood at 159% at the end of last year, down from 170% at the end of 2013.“The reduction is due to falling interest rates, which led to increased provisions for the guaranteed pensions,” Alecta said.last_img read more

Cracker real estate bargains up for grabs in Queensland

first_imgThe home at 38 Albert St, Rockhampton City is on the market for $4000. Picture: realestate.com.auChasing a last minute Christmas bargain? How about a house for $4,000. There’s just one catch, you don’t get the land it sits on. The folks at realestate.com.au have compiled a list of the cheapest homes currently for sale in Queensland with the combined price of the top 10 coming in at $344,500. That’s less than the average house in Underwood, Morayfield or Ipswich. Topping the list is a two-bedroom weatherboard cottage at 38 Albert St, Rockhampton City, on the market for $4000. The price is for the house only but listing agent Kas Woch says the home would make a great second farm house or cheap storage. Plus it is only 6.8m wide so Mr Woch reckons it would be easy to transport. The ‘home’ at 77/760 Scenic Highway, Kinka Beach. Picture: realestate.com.auComing it at number two is a bus with built on annex and access to a jumping pillow at 77/760 Scenic Highway, Kinka Beach, south of Yeppoon. The two-bedroom ‘property’ is on the market for $28,000 and is in the local caravan park, so the new owner would be able to use the waterpark, resort pool, barbecue areas and sports courts. And the jumping pillow of course. The property at 25 Macks St, Wyandra. Picture: realestate.com.auTaking out the third spot is an actual house with actual land, 4,047sq m to be precise. And it even comes with an old butcher’s shop, all for $29,000. The downside? The property at 25 Macks St, Wyandra is being sold in an ‘as is’ condition, which isn’t exactly instaworthy. The online listing only contains one photo of the ‘renovator’s delight’, a fence of sorts and lots of dead grass. This is one for the buyer who isn’t afraid of a challenge. The property at 38 Darcy St, Mount Morgan. Picture: realestate.com.auIn the number four position is a fibro home elevated on a hillside in Mount Morgan with “views of the old mine site”, according to the listing. Who knew a mine site view was a selling point?The property at 38 Darcy St, Mount Morgan is for sale for $30,000 negotiable and the listing warns the home requires such extensive work that there are no internal photos available. How intriguing. How bad can it be? The unit at 68/61-79 Mandalay Ave, Nelly Bay. Picture: realestate.com.auRounding out the top five is a cute little holiday unit at 168/61-79 Mandalay Ave, Nelly Bay on Magnetic Island. In comparison to the previous four properties, this one is quite charming. Situated in the Amaroo on Mandalay resort, the property has one bedroom, one bathroom and kitchenette, all for $32,500. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoThe unit has been refurbished by the current owners and is close to bays, beaches, parks and water sports. Sounds like the kind of place you want to visit when taking a break from renovating one of the four cheapest homes for sale in Queensland. The 10 cheapest homes for sale in Queensland1. $4,000 – 38 Albert St, Rockhampton City 8. 42,000 – 3/4 Hakea Ct, Greenvale 5. $32,500 – 168/61-79 Mandalay Ave, Nelly Bay 6. $39,000 – 11 Pheasant Creek Rd, Wowan 2. $28,000 – 77/760 Scenic Highway, Kinka Beach 4. $30,000 neg – 38 Darcy St, Mount Morgancenter_img 7. $40,000 – 47 Thistle St, Blackall 9. $50,000 – 16 Hannah Cres, Dysart 10. $50,000 – 29 Darwin St, Jericho 3. $29,000 – 25 Macks St, Wyandralast_img read more

Egg donor compensation is to triple under new HFEA guidelines

first_img Share 13 Views   no discussions Sharing is caring! Share Tweetcenter_img Share Could higher payments raise donation rates?The UK’s fertility watchdog has agreed to triple the compensation given to women who donate eggs to help infertile couples to have a child. Donors currently have their expenses paid and up to £250 to cover lost earnings.The Human Fertilisation and Embryology Authority has decided to pay a one-off fee of £750 per course of donation.Experts believe this will encourage more women to donate, but critics warn it may create financial incentives.Under EU rules a donor cannot be “paid”, however, they can be “compensated”.Juliet Tizzard, head of policy at the HFEA, said the current rules did not work and “some donors are out of pocket and they do feel undervalued at times”.The decision to move to a one-off payment was made at a public meeting of the fertility watchdog on Wednesday. The idea was to balance fairly compensating donors with the risk of encouraging people to donate merely for financial gain. The head of the HFEA, Prof Lisa Jardine said: “I believe it is fair.“I find it very hard to see £750 as an inducement, I see it as fair reflection of the effort, the time and the pain.”However she said the figure was “a very highly educated guess at what will feel to people like compensation”.Invasive processThere are currently long waits in the UK – sometimes five years or more – for couples seeking donor eggs. In a significant number of cases they travel abroad for treatment, often to Spain or the United States, where payments are higher and more women volunteer. But there can be risks involved with having treatment in countries where regulations are less stringent.Egg donation is an invasive process, which involves daily hormone injections, scans every couple of days, and day surgery to recover the eggs. Lesley Spencer has been looking for a donor for two years and would welcome a payment for participantsSide-effects range from mood swings, bloating and pain, to rare but severe over-reactions to the hormones.The National Gamete Donation Trust, which helps couples seeking egg or sperm donors, welcomed the change. “A balance is being struck between recognising the wonderful gift of donation yet not affecting the purity of donors’ motives,” said Laura Witjens, chairwoman of the NGDT.“Altruistic motives should remain at the core of donation, and payment should never facilitate coercion.”But Olivia Montuschi of the Donor Conception Network, a self-help network of donors and families of children conceived by egg or sperm donation, said she was deeply disappointed by the HFEA decision.“It will be something you will come to regret,” she said. “The perception will be that you are paying donors. £750 would make a huge difference to a young woman.”‘Commodity’The British Fertility Society supports an increase in compensation payment, but said it was important to ensure that women continued to volunteer for altruistic reasons.“The level of compensation should be raised so that it is commensurate with what a donor has to go through,” said BFS chair, Tony Rutherford.But opponents worry about the impact of increased payments. Dr David King, Director of Human Genetics Alert, said it will create a financial incentive for women.“Ethically, it’s wrong to make part of the human body a commodity,” he said. “The body should not be part of commerce.”Josephine Quintavalle, of Comment on Reproductive Ethics, said: “Egg harvesting is an invasive and dangerous process and women should not be induced with ever larger sums of money to incur such risks.” By Jane Hughes & James GallagherBBC News HealthLifestyle Egg donor compensation is to triple under new HFEA guidelines by: – October 20, 2011last_img read more

Traffic Discipline Zone: Only 3 days of warning then crackdown starts

first_imgThe PSTMO, he said, has five speedguns to catch overspeeding vehicles, another one from the LTO, and five breathanalyzers to detect if drivers have too much alcohol intake. The pilot area is the busy14-kilometer Sen. Benigno Aquino Jr. Avenue in Mandurriao district. What are the traffic rules andregulations to be fully imposed? “The apprehension of undisciplineddrivers and pedestrians will start after the three-day information drive, or onMonday, Jan. 20,” said Mayor Jerry Treñas yesterday. For three days beginning today, thePublic Safety and Transportation Management Office (PSTMO) will be conducting amassive information drive on what the Traffic Discipline Zone is all about –the strict enforcement of all traffic rules and regulations, both local andnational. He lamented that as the cityprogressed, the traffic situation was becoming unmanageable primarily becausedrivers and pedestrians were disobeying traffic laws. ILOILO City – The city governmentlaunched yesterday a new scheme aimed at disciplining drivers and pedestrians –the Traffic Discipline Zone. Conlu said these included the speedlimit ordinance, the ordinance against modified mufflers, points where to loadand unload passengers, the law on the use of helmets and other body protectivegears by motorcycle riders and the maximum number of back riders allowed, thelaw on the use of seatbelts, the law on the non-use of cellphones while drivingand clearing of windshields from gadgets that directly distract the driver’sline of sight, among others./PN “We want to show that here in IloiloCity we follow traffic rules and regulations. Pagsulod mo gid sa boundary sangsyudad dapat masunod mo na ang traffic rules and regulations,” said Treñas. Traffic enforcers will initially operatefrom 6:30 a.m. to 10 p.m., said Conlu. Like the Diversion Road, McArthurDrive is also “problemado pirmi satraffic because of lack of discipline,” he explained. After the Sen. Benigno Aquino Jr.Avenue, next to be made a “traffic discipline zone” is McArthur Drive fromBarangay Tabuc Suba, Jaro district to Barangay Balantang. “I want this scheme initially tried onthe Diversion Road para mapakita ngapwede maobra ini,” said Treñas. PSTMO chief Jeck Conlu expressed hopethat the Traffic Discipline Zone would eventually make the impression tooutsiders that “basta Ilonggo,disiplinado.” PSTMO will be augmented by personnelfrom the Land Transportation Office (LTO) and Iloilo City Police Office (ICPO).last_img read more

IPHO: Antique’s 3 probable COVID cases yield negative test results

first_imgThe three negative results bring to 33the total probable cases in this province who tested negative for the virussince February of this year. Of the 18 probable cases, eight arecurrently under treatment at the Angel Salazar Memorial General  Hospital (ASMGH) in this capital town, while10 others are under home quarantine. “Doctors and nurses assigned in thepediatric ward of the ASMGH became COVID-19 suspects because of their exposureto a pediatric patient, whose mother had an exposure with the virus-confirmedcase in Pandan,” she said.(With a reportfrom PNA/PN) As of this writing, Antique has twoconfirmed cases of COVID-19. One is from Barangay Semirara of Caluya town,whose laboratory results were released by the WVMC on April 7, while the otheris from Pandan town, whose results came out on April 9. Integrated Provincial Health Office-Antique information officer Irene Dulduco says that laboratory results of three probable coronavirus disease 2019 in this province turned our negative. Their specimens were submitted to the Western Visayas Medical Center in Mandurriao, Iloilo City over the weekend. PNA Meanwhile, pediatric patients beingbrought for admission to the ASMGH are now being referred to the Ramon Maza Sr.Memorial Hospital in Sibalom town after some ASMGH doctors and nurses in the pediatricward were labeled suspect cases of the virus. IPHO-Antique information officer IreneDulduco said recently that they have received the laboratory results of thethree probable cases on April 13. Their specimens were submitted to the WesternVisayas Medical Center in Mandurriao, Iloilo City over the weekend. “There are six more results that are still pending,” she added. SAN JOSE, Antique – The laboratoryresults of three probable coronavirus disease 2019 (COVID-19) cases in thisprovince turned out negative, according to the Integrated Provincial HealthOffice (IPHO) here. As of April 13, there are 119 suspectcases and 18 remaining probable cases in Antique.last_img read more

Bengals v. Panthers: Nobody Wins

first_imgBengals and Panthers tie in overtime thriller Sunday.CINCINNATI, Oh. – Nobody won Sunday at Paul Brown Stadium. The Bengals and Carolina Panthers tied in an overtime thriller 37-37.Cincinnati won the overtime toss and settled for a 42-yard field goal putting them ahead 37-34 with 8:40 remaining in OT.NFL rules dictate that a first possession field goal in overtime allows the opposing team to respond. A touchdown ends the game.Panthers drove down the field and hit a game tying 36-yard field goal with 2:19 remaining in overtime.The following Bengals possession was highlighted by a 24-yard pass from Andy Dalton to rookie receiver James Wright. It was Wright’s first career reception. The same play featured a Roughing the Passer penalty that put the Bengals in field goal range for the win.Kicker Mike Nugent missed a 36-yard field goal. The game ended in a 37-37 tie.Bengals record moves to 3-1-1 and Panthers go to 3-2-1.Game notes:Bengal safety Reggie Nelson intercepted a Cam Newton pass late in the 4th quarter that led to a field goal with 2:11 remaining in regulation. Bengals broke the tie taking a 34-31 lead.Carolina countered by knocking in a field goal as time expired in the 4th quarter forcing overtime.Sunday’s offensive highlights included an 89-yard touchdown run by Giovanni Bernard in the 2nd quarter. Quarterback Andy Dalton threw two touchdown passes Sunday to receivers Brandon Tate and Mohammed Sanu.The Bengals and Colts square off in “The Battle of I-74” at Lucas Oil Stadium next Sunday at 1 p.m.The team is back at Paul Brown Stadium against Baltimore on Oct. 26.last_img read more

Cruz Tours Southern Indiana

first_imgRepublican Candidate Ted Cruz toured southern Indiana on Monday and Steven Harmeyer had the opportunity to talk with him.Cruz will return to Indiana Tuesday with a stop in Knightstown.John Kasich will make a stop in Indianapolis Tuesday.Donald Trump will be at the State Fairgrounds Wednesday with special guest Bobby Knight.Democrat Hillary Clinton will tour Northern Indiana Tuesday, and Bernie Sanders has rallies scheduled at Purdue and Indiana Universities on Wednesday.Audio Playerhttp://wrbiradio.com/wp-content/uploads/cruz.wav00:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img

Lady Wildcats Fall To Centerville Lady Bulldogs

first_imgWe fell to Centerville last night in 3 sets 25-14, 25-11, 25-14. We knew these guys were tough from playing them in our Scrimmage. We are a tough team but we would just get to far behind to catch up. We are working on our serve receive when we can but with 1 practice a week and 7 games, it makes it hard. Megan Getz had 12 digs and 7 assists. Jalynn Rogers had 7 digs and 1 ace serve. Rachel Bischoff had 5 digs, 1 kill, 1 ace serve,and 1 block. Meredith Bohman had 6 kills and 3 blocks. Anna Sacksteder had 5 blocks and 1 kill. Jenna Orschell had 1 kill. Makyah Richardson had 2 blocks. Kelly Layton had 1 assist. We travel to Milan today, Sept. 5th. JV match starts at 6. Varsity game follows. We are FC!!Courtesy of Wildcats Coach Jill Mergenthal.last_img

Zeigler returns to winner’s circle at Crystal

first_imgCRYSTAL, Mich. (Aug. 22) – Rusty Zeigler made his first trip to the winner’s circle at Crystal Motor Speedway in several years Saturday night, outrunning the rest of the Allstar Performance IMCA Modified field.Zeigler and Cliff Denman fought for two laps before Zeigler took the point.Jim Hale Jr. worked his way to second and began to work the leader but had a momentary bobble, allowing Zeigler to stretch his lead. He was never headed and took his first feature event in several years.Hale came home second, followed by Gary VanderMark and Austin Wonch.last_img

Walcott warns title rivals

first_img Arsenal have been linked with a cut-price move for Fulham striker Dimitar Berbatov. Walcott would always welcome some additional talent to boost what he believes is now a very “special” squad. “To be fair that is for the manager to decide if he wants to go out and buy anyone, whoever will come to the club in January, if not it is going to make the club stronger anyway,” the England forward said. “It is always nice to have competition with players coming in, but January is such a difficult period in the transfer market to get players in, especially the top players. “The boss has already said that he is looking for special players and we have got a lot of special players in that dressing room.” Bendtner, meanwhile, posted an update on Twitter thanking Arsenal fans for their messages of support. The Denmark striker, now back in the first-team picture having seemed set to leave the club, said: “Have a scan tomorrow that will tell us more. So happy with the 3 points. Thanks for all your tweets and concerns. #fans #arsenalfamily #23” Wenger hopes Bendtner will recover to continue to show the same commitment of recent weeks. “Unfortunately he got injured, so I am really sad for that because we lose a striker of quality,” Wenger said on Arsenal Player. “He has quality, who questions his quality? Nobody. “What you want from him is to be focused on giving absolutely 100 per cent and he is a great centre forward.” Theo Walcott has warned Arsenal’s Barclays Premier League title rivals that his side’s belief is growing stronger with every victory. Press Association “If you want to win titles then you have got to go to the end and the thing about this team at the moment is that we never give up,” said Walcott. “Every game that we win the belief gets stronger and stronger. “A lot of people are not giving us enough credit at the moment, but we do not mind that. “We will just carry on with our job, keep picking up three points, and see where we are at the end of the season.” Arsenal’s victory, however, came at some cost with substitute Bendtner having suffered an ankle injury in the process of scoring, when Cardiff goalkeeper David Marshall caught him trying to make a save at point-blank range. Lead frontman Olivier Giroud is also troubled by his own ankle problem, but could return to face Tottenham in the FA Cup on Saturday. Bendtner is set for a scan on Friday, with initial fears he would be sidelined for several weeks. Wenger, though, insists he will not be rushed into any hasty transfers, with fit-again German forward Lukas Podolski another attacking option, although he looked rusty when deployed in a central role against Cardiff. The Gunners returned to the top of the table, one point ahead of Manchester City, after a late double salvo secured a 2-0 victory over Cardiff at the Emirates Stadium on New Year’s Day. Walcott – whose chip over the goalkeeper in stoppage-time made sure of the result after Nicklas Bendtner had crashed the ball home from close range with just two minutes left – maintains such determination shows Arsene Wenger’s men have the character to last the distance this season. last_img read more