Aviva Staff Pension Scheme agrees £1.7bn buy-in with sponsors Aviva

first_imgThe Aviva Staff Pension Scheme (ASPS) has agreed a £1.7bn (€2bn) buy-in with its own sponsor company, Aviva Life & Pensions UK.The deal covers 5,800 members of the defined benefit (DB) scheme – 1,500 pensioners and 4,300 deferred members. There are 50,000 members in total.The buy-in is the scheme’s first bulk annuity deal, and in a statement, the company said it was the scheme’s “strong financial position” that had led the trustee to complete the transaction as part of a long-term plan to de-risk the scheme.However, ASPS has previously completed a longevity swap, a £5bn deal effective in early 2014. It transferred the longevity risk for 19,000 scheme members to three reinsurers: Swiss Re, Munich Re and SCOR Global Life. At the time it was the biggest-ever pension scheme longevity swap on a global basis.  Brian Bussell, chair of the trustee of ASPS, said: “The trustee is delighted to have entered into this first buy-in to help secure the benefits due to our members, working closely with our advisers and Aviva to do so. Combined with the existing longevity swap, this buy-in means that the scheme has now hedged a material amount of longevity and investment risk.”The scheme trustee was independently advised by Hymans Robertson, Linklaters and Redington.Michael Abramson, partner, Hymans Robertson, said: “Despite political uncertainty and market volatility, 2019 has already proven a record year for the bulk annuity market, with total transaction volumes in excess of £36bn. Buy-ins such as these show how insurance can be a meaningful part of the de-risking strategy for even the largest pension funds.”Earlier this week the supermarket chain Asda announced a £3.8bn buy-in with insurer Rothesay Life for the Asda Group Pension Scheme.last_img read more

Teenage video game players have brains ‘like gambling addicts’

first_imgDaily Mail (UK) 15 Nov 2011Teenagers who spend hours playing video games may have a similar brain structure to gambling addicts, research suggests. In a study of 14-year-olds, those who played frequently had a larger ‘reward centre’ in their brains than those who played less often. Brain scans showed those who played for more than nine hours a week produced more of the ‘feel-good’ chemical dopamine. They produced even more when they were losing, an effect seen in pathological gamblers which is thought to be what prevents them from stopping when they are on a losing streak. Playing video games was also shown to reduce decision time – a key skill for being good at them – which is also a characteristic of gamblers.The researchers do not know whether gaming causes the brain to change, or whether people are born with this brain structure which makes them want to spend hours playing. But they say it is a crucial first step in understanding whether video games could be addictive. This study, published in the journal Translational Psychiatry, is the first to connect frequent video gaming with differences in both brain structure and activity. Dr Simon Kuhn of Ghent University in Belgium and colleagues in the UK and Germany analysed brain scans of more than 150 teenagers who were classified as playing video games either moderately or a lot.http://www.dailymail.co.uk/sciencetech/article-2061983/Teenage-video-game-players-brains-like-gambling-addicts.html#ixzz1dvi16SGOlast_img read more

Three-way Colombian gay wedding world’s first

first_imgNewsHub 5 July 2017Family First Comment: And so the push begins – or is that, continues….. “Victor Hugo Prada, Manuel Bermudez and Alejandro Rodriguez will sign a document that states the three of them constitute a family and are each others’ legal partners. Unfortunately their arrangement cannot be legally considered a marriage, according to their lawyer Germán Rincon-Perfetti. He told the Guardian that because in Colombian law “a marriage is between two people” they had to invent a new term: “a special patrimonial union.” Mr Prada says they refer to themselves as a “trieja,” which means “throuple”.”The upcoming wedding of three men in Colombia will be the first legalised ceremony of its kind in the country – and possibly the world.Victor Hugo Prada, Manuel Bermudez and Alejandro Rodriguez will sign a document that states the three of them constitute a family and are each others’ legal partners.“We want to make what’s intimate, public,” Mr Prada, 23, explained to the Guardian.“We have no reason to hide it. We are just helping people realise that there are different types of love and different types of family.”Unfortunately their arrangement cannot be legally considered a marriage, according to their lawyer Germán Rincon-Perfetti. He told the Guardian that because in Colombian law “a marriage is between two people” they had to invent a new term: “a special patrimonial union.”Mr Prada says they refer to themselves as a “trieja,” which means “throuple”.READ MORE: http://www.newshub.co.nz/home/world/2017/07/three-way-colombian-gay-wedding-world-s-first.htmllast_img read more

Bulldogs 4-Way Swim Meet At Lawrenceburg Results

first_imgBHS Swim Results at Lawrenceburg.  (1-19)Girls-BHS 123, Milan 89, SW Hanover 41, LHS 37.Batesville is 30-4 on the season (13-2 EIAC), 17-2 non-conference).Boys-Milan 114, LHS 79, BHS  68, SW Hanover 30.Batesville is 7-22-1 on the season (3-11 EIAC), 4-11-1 non-conference).Courtesy of Bulldogs Coach T. J. Greene.last_img

Batesville council members approve abatement request

first_imgBatesville, In. — Batesville city council members have approved a 10-year, 40-percent tax abatement request for Verus Partners for the construction of a $3 million 10,000-square foot building to be occupied by Cincinnati Children’s Hospital.Current operations are run from Margaret Mary Health Hospital. President of the Economic Development Commission Kevin McGuire says the proposal would retain 30 jobs and create new positions for two registered nurses and one physician.The new facility would have an annual payroll of more than $1.6 million per year.During the 10-year period, the property would generate $597,280 in total tax revenue. The abatement would provide $238,000 in relief to Verus Partners and the balance ($358,370) in tax revenue to local government.The total project would include a $3 million investment in the structure and $1 million in equipment investments. Construction could begin in the summer of 2018. The facility could open in the spring of 2019.If the building was owned by the nonprofit hospital, no property taxes would be owed to local government.last_img read more

Economic and drug issues top rural concerns

first_imgA recent study asked Americans “What are rural US adults’ views on serious health and economic concerns facing their communities?”.  The survey of almost 2750 American adults found that opioids or other drug addictions or abuse and economic concerns were identified as the most serious problems facing rural communities. Rural adults also reported recent problems with paying medical bills and accessing health care.Regarding health care, 32% of rural adults said their family has experienced problems affording medical bills or dental treatment in the past few years, including 19% of rural adults who reported major problems.On economic issues, 55% of rural adults held negative views on their local economy. Forty-nine percent of rural adults said they would have a problem immediately paying off an unexpected $1000 expense.This survey study found that in the current economically stretched rural the United States, opioid or other drug addiction or abuse has emerged as an equal problem with economic concerns, and approximately half of rural adults personally know someone who has had an opioid addiction. In addition, one-third of rural adults still have problems paying their medical bills even after the passage and implementation of the Patient Protection and Affordable Care Act. Although rural communities have traditionally been self-reliant, more than half of rural adults are open to outside help in solving serious problems facing their communities, including significant help from the government.last_img read more

Police Blotter 07-25-2020

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NASA to make announcements about life on mars

first_imgIs there life on Mars?NASA will answer that very question soon.One chief scientist says they’re close to “making some announcements” and “it will be revolutionary.”He added to the intrigue by saying “I don’t think we’re prepared for the results.”NASA launches another rover in July to hunt for extraterrestrial life.It’s expected to touch down seven months later on a crater with a history of having water.Click to learn more.last_img

Cricket News Rahul Dravid Set To Be Replaced As Head Coach Of India A And U-19 Sides For South Africa A Series

first_imghighlights Sitanshu Kotak and Paras Mhambrey are the replacements for South Africa A series.Kotak and Ramesh Powar’s appointment is short-term.Mhambrey and Abhay Sharma will continue as Dravid’s permanent support staff at NCA. New Delhi: Rahul Dravid has enjoyed tremendous success as the head coach of the India Under-19 and India A sides. Under his tenure, India won the Under-19 World Cup in New Zealand in 2018 and talent like Shubman Gill, Prithvi Shaw, Shivam Mavi and Kamlesh Nagarkoti all have become big names in the Indian cricket circuit. The A team has also enjoyed tremendous success in the last couple of seasons but heading into the new season, Dravid has been replaced as the head coach of both the India A and Under-19 sides. The reason – Dravid has recently been appointed as the National Cricket Academy’s head of cricket operations and will be preparing the roadmap for India A and U-19 teams along with upgradation plan for the existing coaching module.It will require him to stay more at the NCA even though he is free to travel for A or U-19 tours whenever he deems necessary and this has forced a reshuffle in the support staff for juniors. “There will be no formal announcements on this as all these people are NCA staff and this is an internal rejigging,” a BCCI official told PTI. As per the rejigging, Former Saurashtra captain Sitanshu Kotak and ex-India seamer Paras Mhambrey have been appointed as Dravid’s replacement for the India A and Under-19 sides respectively.Kotak, a former left-hander, who played as many as 130 first-class games, worked as a batting coach of the India A team that recently toured West Indies. It is learnt that his coaching skills and work ethic impressed Dravid and it was decided that he will continue in that role. Dravid’s NCA appointment also led to the elevation of Mhambrey as the head coach of the India U-19 team.Also Read | On This Day – Sourav Ganguly and Rahul Dravid’s 318-run stand in 1999 World CupThe former pacer, who played two Tests and three ODIs, was already Dravid’s understudy as a bowling coach for the past three years in the A and U-19 set-up. Mhambrey’s place as bowling coach in the A team will be taken by former Mumbai off-spinner Ramesh Powar, who was the Indian women’s team chief coach till recently before his much-publicised spat with veteran Mithali Raj after the Women’s World T20 in the West Indies.Also Read | ICC Cricket World Cup Rewind: When India survived a Bond spell to eliminate New Zealand in 2003While Kotak and Powar’s appointment is a short-term one for the series against South Africa A that starts in Thiruvananthapuram on Thursday, Mhambrey and Abhay Sharma will continue as Dravid’s permanent support staff at NCA as well as the coaches of the U-19 team for Asia Cup. Hrishikesh Kanitkar will be the batting coach of the U-19 side having worked with this set-up during the U-19 tri-series win in England.center_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Update on the latest sports

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditNFL-NEWSNFL has plan to reopen training facilities as early as next weekUNDATED (AP) — The NFL continues to take steps toward a return to normalcy since the coronavirus pandemic. LOS ANGELES (AP) — Los Angeles Lakers center Dwight Howard says the mother of his 6-year-old son died nearly six weeks ago due to an epileptic seizure.Although Howard has spent the NBA’s hiatus dealing with the difficult task of explaining Melissa Rios’ death to their son, he is also grateful for the chance to heal from the loss without the daily grind of the NBA schedule.Howard spoke Friday about Rios’ death on a video call from his offseason home in Georgia, where he is staying with his children during the coronavirus pandemic.Howard said he was literally texting Rios to invite her to stay with him in Georgia when he learned she had died.MLS-HOLLINGSHEAD-FOSTER PARENTING — Professional soccer has resumed in Germany after a two-month break with four games in the second division taking place behind closed doors. South Korea midfielder Lee Jae-sung scored the first goal in the division to give Holstein Kiel the lead at Jahn Regensburg. He celebrated by giving teammates fist bumps. The games were the first since soccer was put on hold March 13 due to the coronavirus pandemic. They were being played in empty stadiums amid strict hygiene measures. Goal celebrations in other games were also marked by fist bumps and elbow-to-elbow touching. Players had been warned to keep their emotions in check. The Bundesliga was due to resume later Saturday.— A coalition of players is urging Congress to pass a coronavirus relief bill that would provide critical funding for elementary and secondary education. Among the signers of the letter from the Players Coalition are NFL players Devin McCourty, Kelvin Beachum and Sebastian Joseph-Day. The letter asks the House and the Senate to pass the HEROES Act, which would secure internet access for millions of economically disadvantaged students during the pandemic.— WNBA Commissioner Cathy Engelbert tells The Associated Press she is focusing on about a half dozen scenarios for the league to begin play this summer. the league is looking at playing at one site, a few possibly at most instead of at every home arena. She added that there is still no date to start the season.— The Michigan tournament where the LPGA Tour hoped to resume has been canceled. The LPGA says the Dow Great Lakes Bay Invitational will not be played July 15-18. The tour did not offer any other specifics except for Commissioner Mike Whan emphasizing the long-term health of the tour is paramount. This is the only team event on the LPGA schedule. Whan says Dow has extended its title sponsor contract and the LPGA will return to the Great Lakes Bay region next year and beyond. The cancellation means the LPGA now hopes to return July 23-26 with the Marathon LPGA Classic in Ohio.— The professional tennis tours are extending their suspensions caused by the coronavirus pandemic through at least the end of July. The total number of tournaments scrapped by the ATP and WTA since March now tops 40. Both tours say they will make further scheduling announcements in June. The top tours already had been on hold at least until July 13. That was announced on April 1 on the same day that the All England Club said it would be canceling Wimbledon for the first time in 75 years because of the outbreak. Update on the latest sports May 16, 2020 Bryant was broken beyond recognition when his body was found outside the wreckage of the chopper. His remains had to be identified by his fingerprints.Bryant and the passengers almost certainly were dead in an instant due to blunt trauma, according to the report.Autopsy reports were released Friday by the Los Angeles County coroner’s office.NBA-LAKERS-HOWARDHoward says mother of his 6-year-old son has died NASCAR’s Pocono race up in the airUNDATED (AP) — NASCAR is resuming its schedule with racing at southern tracks, but it remains uncertain when the circuit can venture north.Pennsylvania Gov. Tom Wolf says he’s told NASCAR officials that his state isn’t ready to make a decision on the reopening of Pocono Raceway, which is scheduled to host races June 27 and 28. The raceway sits in an area that is deemed a red zone by Wolf as the state deals with the coronavirus pandemic.NASCAR resumes its schedule Sunday and Wednesday at Darlington, South Carolina, before the circuit holds back-to-back races at Charlotte Motor Speedway. NASCAR then heads to Bristol, Tennessee, Atlanta Motor Speedway and Martinsville, Virginia, before events at Homestead-Miami and Talladega. Pocono is the first race scheduled north of Virginia and would be followed by the Brickyard 400 at Indianapolis Motor Speedway.In other developments related to the coronavirus pandemic: NFL teams can begin reopening their facilities on Tuesday if state and local governments will allow it.Commissioner Roger Goodell has issued a memo to all 32 teams stressing that they must be in compliance with any additional public health requirements in their jurisdiction and have implemented the protocols that were developed by league medical officer Dr. Allen Sills and distributed to all clubs on May 6. The memo obtained by The Associated Press added that clubs unable to meet these criteria by Tuesday may reopen their facilities on the earliest date thereafter on which they are able to comply.Facilities have been closed since late March due to the pandemic.Each team was required to submit a plan to the league for reopening its training/practice facility this week.In other NFL news: Associated Press center_img Dallas defender Hollingshead fosters baby amid pandemicUNDATED (AP) — FC Dallas defender Ryan Hollingshead has been sheltering in place since Major League Soccer suspended the season because of the coronavirus pandemic. But his experience has been a bit different than that of other athletes in the same situation. He and his family have spent the time bonding with their foster son. The 13-month-old came into their home some three months ago. It is the second time the Hollingsheads have fostered a child in need. They took in a 4-month-old girl last year. COLLEGE FOOTBALL-MARYLAND-TAGOVAILOATerps get Tua’s brotherCOLLEGE PARK, Md. (AP) — Taulia Tagovailoa (tuhng-ah-vy-LOH’-ah) is leaving Alabama and transferring to Maryland. — The International Tennis Hall of Fame’s 2020 induction ceremony for Goran Ivanisevic (ee-vah-NEE’-she-vihch) and Conchita Martinez has been canceled. So has the annual men’s grass-court Hall of Fame Open tournament. The induction was scheduled at the Hall in Newport, Rhode Island, for July 18. That is the same day the tournament was supposed to finish. But the COVID-19 outbreak has resulted in the suspension of all sanctioned tennis competition since March and at least until the end of July. Ivanisevic and Martinez now will be honored alongside any Class of 2021 inductees in July 2021.— The IndyCar race in downtown Toronto has been postponed. The race was scheduled to be held July 12 on a street course at Exhibition Place. IndyCar has yet to begin its season. It is scheduled to race June 6 at Texas Motor Speedway for its opening event.— The Belgian Grand Prix can go ahead on its original August date, but with no fans. Friday’s announcement by local Belgian authorities came two days after the Belgian government allowed outdoor training at sporting facilities to resume under a coach’s supervision starting next week. The Formula One race scheduled for Aug. 28-30 was under threat after Belgium banned all mass events in the country until Aug. 31 because of the pandemic. The track will reopen for professional practice on May 18.— The Russian soccer league will restart on June 21 after a break of more than three months because of the pandemic. The league intends to pack eight rounds of games into just over one month to finish on July 22. All games will be held in empty stadiums. The Russian Cup will also continue with the final on July 25. That means some clubs face up to 11 games to finish the season.— The CEO of next year’s Tokyo Olympics says the postponed games might not look like what fans are accustomed to. Toshiro Muto says cuts are likely in many areas with the cost of the postponement estimated in Japan at between $2 billion and $6 billion. Muto says one target for saving money was the torch relay. He says “we are looking into every possible area” for cuts. — Bowling Green has dropped baseball as part of a move to ease financial stress due to the COVID-19 pandemic. The school says it’s reducing its athletic budget by $2 million. Athletic director Bob Moosbrugger says the school will honor scholarship agreements through graduation and will assist student-athletes who want to transfer. Bowling Green’s move came one day after Akron, another member of the Mid-American Conference, dropped three sports because of fiscal hardship caused by the virus outbreak.NBA-BRYANT CRASHKobe pilot had no drugs, alcohol in systemLOS ANGELES (AP) — An autopsy on the pilot in the Kobe Bryant helicopter crash shows he did not have drugs or alcohol in his system.The causes of death for Bryant, his 13-year-old daughter Gianna, pilot Ara Zobayan and six others in the Jan. 26 crash have been ruled blunt trauma. Zobayan was flying in fog and climbed to get out of the clouds before plunging into a hillside. The 5-foot-11 quarterback will need a waiver to be eligible this season. He played five games last season as a freshman, completing 9 of 12 passes for 100 yards and a touchdown.Maryland’s Mike Locksley coached Tagovailoa’s brother, Tua, as Alabama’s offensive coordinator.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Simmons, Embiid mending nicelyUNDATED (AP) — The Philadelphia 76ers are confident they will be at full strength if the NBA season ever resumes.76ers coach Brett Brown says stars Ben Simmons and Joel Embiid (joh-EHL’ ehm-BEED’) are recovering nicely from their injuries. Simmons had missed his eighth straight game and was receiving daily treatment for his nerve issues in his lower back when the season stopped. Embiid was recovering from surgery on his left hand and had just returned after missing five games with a sprained left shoulder at the time of the shutdown.Brown says he’s considered his fate as Sixers coach after a season of expectations to contend for an NBA championship faded to sixth in the Eastern Conference when it stopped because of the coronavirus pandemic.In other NBA news: — Pistons guard Bruce Brown says he had thumb surgery last month and is ready to play if the NBA season resumes. Brown said during a video conference Friday that a ligament was placed back onto his thumb bone. He said he had been dealing with pain in the thumb this season, but it didn’t limit him much. Brown has scored 8.9 points per game this season, more than double his average as a rookie in 2018-19.NHL-CANADIENS-DOMIDomi could see NHL playoffs for 1st time in extended formatUNDATED (AP) — Max Domi is still waiting to suit up in the playoffs for the first time. If the NHL expands its postseason format to complete the 2019-20 season, he might get that chance this year. The Montreal Canadiens sat 12th in the Eastern Conference and were destined to be on the outside looking in for a third straight spring — and the fourth time in five years — when the COVID-19 pandemic forced the league to press pause March 12. Plenty of scenarios have been rumored as possibilities if the NHL decides to resume, including a 20- or 24-team playoff tournament. A 20-club format wouldn’t include the Canadiens, but they’d just sneak in under the second option. VIRUS OUTBREAK-SPORTS — The Colts now have seven of their nine 2020 draft picks under contract after signing Wisconsin running back Jonathan Taylor, Washington quarterback Jacob Eason and Michigan linebacker Jordan Glasgow to four-year deals. Taylor became the first junior in FBS history to rush for more than 6,000 career yards. Receiver Michael Pittman Jr. and cornerback Julian Blackmon remain unsigned.— The Browns have hired former 49ers executive Kwesi Adofo-Mensah as their new vice president of football operations, making him the top assistant to first-year general manager Andrew Berry. Adofo-Mensah will join a new staff in Cleveland after Browns owners Dee and Jimmy Haslam overhauled the front office following a 6-10 season.— Former NFL linebacker James Harrison says Steelers head coach Mike Tomlin did not offer a bounty for an illegal hit on a member of the Browns. Harrison told former teammate Willie Colon on a podcast that Tomlin handed him an envelope shortly after Harrison was fined in 2010 for a helmet-to-helmet hit on Browns wide receiver Mohamed Massqoui. Harrison declined to specify what was in the envelope but posted on Instagram that Tomlin never offered a bounty on opposing players. Steelers President Art Rooney II said he’s “certain” the exchange between Harrison and Tomlin never happened.— The attorney for Seahawks cornerback Quinton Dunbar says he has five signed affidavits from witnesses that exonerate his client in an armed robbery. Attorney Michael Grieco told The Associated Press on Friday that the five witnesses attested that Dunbar was not involved in the robbery earlier this week. Police in Miramar, Florida, issued arrest warrants Thursday for Dunbar and Giants cornerback Deandre Baker after multiple witnesses accused them of an armed robbery at a party.NBA-NEWSlast_img read more