Siemens Benefits Scheme signs £530m buy-in

first_imgThe Siemens Benefits Scheme has completed a £530m (€578m) buy-in transaction with Legal & General, securing the benefits of more than 2,000 UK retirees.The deal is the pension fund’s second such pension risk transfer transaction, but the first with Legal & General.The insurer, which announced the deal today, said the pension scheme had chosen an umbrella contract to allow for potential future transactions to be completed quickly and easily, when the time and market conditions are right.It also said the trustees ran an agile and flexible process, which allowed them to take advantage of favourable pricing opportunities in the market, and to move quickly to meet their objectives. Joanna Matthews, chair of the trustees, said: “Through careful planning, we were able to overcome the logistical and investment challenges posed by COVID-19 and complete this transaction at this time on very favourable terms. This is a fantastic outcome and I would like to thank all involved in the process.”The trustees were advised on the transaction by Aon and Sackers. Legal advice was provided to Legal & General by Eversheds.Karen Gainsford, principal consultant at Aon, said the scheme’s “nimble governance” was key to the firm having been able to secure attractive terms “so efficiently”.“It’s a great example of what will be needed throughout the remainder of 2020, as schemes seek to secure benefits in what is set to become a busy market once again,” she said.Legal & General has been working with the Siemens Benefits scheme for many years, and Legal & General Investment Management Limited helped to set up the liability-driven investment portfolio in 2008.Siemens’ deal is the latest in a series of bulk annuity transactions to be announced recently. Rothesay Life last week announced it had closed a £930m buy-in with Littlewoods Pensions Scheme last month, and a day later Legal & General Assurance Society disclosed a £70m buy-in with ICI Pension Fund.To read the digital edition of IPE’s latest magazine click here.last_img read more

Pee Wee Football

first_imgThe other night we drove by the Intermediate School and saw many Pee Wee football players practicing.  Some of these young athletes are so small I doubt if they can see across the desks they sit at in school.  When you look at these tiny mites, the debate begins over how young contact sports should start.Many experts, including former professional football players, believe contact football should not begin until an athlete is at least 12 years old.  Their theory is that these young bodies are not equipped to take the hits that contact sports can give them.  We all know that growth of these kids is not uniform, so putting an age on teams can result in physical mismatches.  These experts believe weight should determine how a league is set up.The other side of the debate states that the earlier you start an athlete in a sport, the better you can teach the proper techniques.  This is the theory on which Batesville’s Pee Wee League is based.  Coaches have been removed in the passed who failed to follow this policy.  I probably lean toward starting about age 10 when an athlete is at least in the 4th grade.  Maybe I’m wrong and maybe I’m right.  There is no cut and dried answer.last_img read more

Juventus boss Pirlo admits Suarez deal is unlikely

first_imgAdvertisement Read Also: Barca secure slim win over Elche to claim Joan Gamper Trophy“We are calm and happy with what we have. There is no rush.”Pirlo’s first competitive game in charge comes on Monday when Juventus face Sampdoria in Serie A, the Turin giants launching their quest to secure a 10th consecutive Scudetto.FacebookTwitterWhatsAppEmail分享 Andrea Pirlo confirmed it is “unlikely” Luis Suarez will join Juventus from Barcelona but vowed the Serie A champions remain in the hunt for a new striker. Although there is much about Suarez that appeals to Juventus, the process of securing an Italian passport for a player who turns 34 in January is a complication that Pirlo addressed on Saturday. Suarez needs that citizenship to be eligible for a move, given the Bianconeri have filled their quota of non-EU players, and he is reportedly eligible to apply because of his wife’s family background. Loading… center_img Promoted ContentWhy Do So Many Digital Assistants Have Feminine Names & Voices?6 Interesting Ways To Make Money With A Drone12 Iconic Actors Whose Careers Were Stunted By A Single Movie8 Addictive And Fun Coffee Facts7 Ways To Understand Your Girlfriend Better8 Superfoods For Growing Hair Back And Stimulating Its GrowthThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreEverything You Need To Know About Asteroid ArmageddonTop 10 Must-Know Facts About Ivanka Trump2020 Tattoo Trends: Here’s What You’ll See This YearCouples Who Celebrated Their Union In A Unique, Unforgettable WayThe 6 Weirdest Things You Can Learn On WikiHow The prospect of Suarez teaming up with former Real Madrid rival Cristiano Ronaldo at Juventus would have been tantalising, with Pirlo having allowed Gonzalo Higuain to join Inter Miami. But Juventus have questions over how long the passport process for Suarez might take, and Pirlo said, quoted in Corriere dello Sport: “It is difficult because looking at the times for the passport… it is unlikely he will be our centre-forward.” Suarez has been left out of Barcelona’s squad for the Joan Gamper Trophy match against Elche, with incoming coach Ronald Koeman looking keen to offload him. Speaking in a news conference, Juventus head coach Pirlo said: “We are all waiting for the central striker. The transfer market is long.last_img read more

Wellington Middle School scores and other things…

first_imgKaitlynHain7.3718thPR TaylorOwens7.3517th WillLong13.4511th Next meet for High School will be Thursday, Oct. 1st at Wedgewood Golf Course BellaBrusky9.1927thPR DakotaDry22.2147thPR ChanceHamel20.0930thPR JosephFriesen21.2441stPR Boys Varsity 5K Wellington Middle School Cross Country 2015  KadinHeacock22.5950thPR CarsonLeGrand22.5349thPR MackinzeTracy14.192ndYESPR ShelbyMcNamara16.0110thYESPR NathanHilt6.3620thPR LakenSmith6.2716thPR PeytonWitham18.0616th PR RJClift6.099thYESPR Girls Varsity 5KTIMEPlaceMedalPers.Rec Boys 1 mile Girls 1 mileTIMEPlaceMedalPers.Rec Next meet for this group will be in Halstead at the Wedgewood Golf Course -Oct.1 – 3:30  p.m. MorganBacon7.2312thYESPR MEET:OxfordDate:9/24/15Where: Winf.Vets Home        LexieScheufler6.181stYESPR OliviaSpeagle9.0625thPR Hosted by Halstead at 4:30 p.m. MacyGonzalez7.2413thYESPR Quotes from Charles Wallace: It was a cooler day for the Wellington Cross Country runners for the high school and sixth graders. There were 24 personal records plus one tying their own record and nine medal winners. All 6th graders made a great showing as they all ran in the seventh grade races. Jo Tredway beat her record in the 5K and marking a new school record aa first in the Top 10 All Time WHS list for the Girl’s 5K race. This is the first year the girls are running 5K. Lexie Scheufler not only was first with a medal but also finished fifth on the WMS Top 10 All time list. Tyler Brown also made the top 10 list in our Wellington Hargis Creek meet, coming in fifth on the all time top 10 list for WMS.Sumner County sports scheduleFriday, Sept. 25, 2015Friday night football (games at 7 p.m.).Wellington at Clearwater.Argonia-Attica at Pratt SkylineW. Trinity at Belle PlaineCV-Dexter at CaldwellConway Springs at DouglassFlinthills at OxfordC. Burden at South Haven.Saturday, Sept. 26, 2015WHS VOLLEYBALL — Varsity at Circle, 9 a.m. C Team Tournament at Clearwater, 3 p.m.WHS TENNIS — Tournament of Champions at Collegiate, 8 a.m.——— If you have a score and/or news that is not included in the list of events above, tell your coach or send us a report at sumnernewscow@gmail.com. Follow us on Twitter. KorbinJones6.057thYESPR MEET:OxfordDate:9/24/15Where: Winf.Vets Home JoannaTredway22.3812thYESPR CamdenParkey6.2414thYESPR JoseyWolf8.3424thPR-tied TannerDillon14.1313thPR Boys JV 2 miles by Tracy McCue, Sumner Newscow — Wellington Middle School Thursday scores, schedules through Tuesday…Seventh grade footballWellington 14 El Dorado 6. First game of the season. Eighth grade footballWellington 48 El Dorado 12. Eighth grade volleyball: A team25-19 win22-25 loss15-7 win.Gracie Rausch    7 assists, 5 digs. Jennifer Jensen  1 kill, 3 digs, 4 acesLindsey Scheufler 6 kills, 1 block 2 digs, 1 ace, 4 assists. Hanna Hawks 3 kills, 7 assists, 2 aces, 7 assists.Elise LeGrand 4 kills, 1 block, 1 dig Hope Maxwell  2 digsCassandra Moody 4 killsB Team 25-19 win25-11 winHunter Hain 1 kill 9 aces, 4 assists, 2 digs. Kylie Lloyd  2 kills, 4 aces. Lexi Jimenez 3 kills, 1 aces, 4 assists.Makenna Pingry 1 ace. Kameryn Gerten 2 kills, 2 aces, 2 digs. Mackenzie Heacock 3 digs.Both teams are now 1-1 in league standings. Overall A team: 4-4Overall B team: 6-7Seventh grade volleyball: Seventh Grade Volleyball teams win against El Dorado.Seventh Grade A vs. El Dorado25-12W25-23 WSeventh Grade B vs. El Dorado 16-25 L 25-23 W18-16 W———WMS TENNIS: The Wellington Middle School girls tennis team traveled to Haysville West Thursday.  The Lady Knights dominated their opponent winning every match but two.  Winners were:Singles:  Kylie Aufdengarten, Tori Lewellen, Rylee Rusk, Calli Hatfield, Natalie Henning, Olivia Brand, Jocey Hook, Payton Ginter and Emberly GonzeaezDoubles:  Aufdengarten/Lewellen, Rusk/Hatfield, Henning/Brand and Ginter/Gonzalez. ———WHS and SIXTH GRADE CROSS COUNTRY TaylorSears8.3223rdPR AshleyHisey19.2520th PR DylanDickinson6.3017thPR BlakeBales17.3023rd Girls JV 2 miles Wellington High School Cross Country 2015 Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comment (1) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down Holly V. · 253 weeks ago Since you like to get so detailed with the happenings in tennis, cross country and volleyball why don’t you do the same for the 7th and 8th grade football teams? Those kids deserve the same recognition of all the other sports. Not to mention the police note information you post, you have no trouble putting all the details there. If this post is not approved that’s sad and if your a true reporter you’ll honor freedom of speech from all and not just yourself!! Report Reply 0 replies · active 253 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more