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Posted by: | Posted on: November 20, 2020

Coronavirus spreads after Covid-sceptic bishop’s funeral in Montenegro

first_imgMourners at the event in Montenegro kissed the bishop’s body as it lay in an open coffin.- Advertisement –last_img

Posted by: | Posted on: September 29, 2020

Healthcare scheme PFZW struggles to meet sustainability target

first_imgPFZW, the healthcare sector scheme, lost 0.4% in 2018The pension fund attributed the outperformances to rising house prices and low vacancy rates, corporate transport infrastructure, and smaller losses than expected on credit risk sharing.It said it had only slightly adjusted its asset allocation last year, with holdings of infrastructure and insurance raised to 3.9% and 2.5%, respectively, at the expense of its stake in developed market equities and alternative equity strategies.The scheme also increased its allocation to residential mortgages to 1.1%, while reducing its exposure to credit to 2%. It added that its 9.8% allocation to alternative equity strategies had in particular underperformed, incurring a loss of 8.3%.PFZW has returned 8% on average since it was established in 1971.The healthcare scheme reported a cost reduction for pension administration of €2.80 to €62.10 per participant, but said that achieving its target of €60 would remain a challenge, as it had to invest in automation.PFZW reduced its asset management costs by 4bps to 0.45%, and lowered transaction costs by 1bps to 0.09%, thanks to a lower transaction volume for equity and commodities.PFZW has more than 1.2m active participants, almost 1.1m deferred members and almost 465,000 pensioners. At the end of last March, its funding stood at 100.9%. At 2020-end, its coverage ratio must be at least 104.3% in order to prevent pension cuts in 2021. The scheme added that it had invested more than €32bn in investments linked to the UN’s Sustainable Development Goals (SDGs) – equating to 16% of its entire assets – and had fully integrated its ESG policy across its entire investment process.Returns breakdownPFZW said that, despite its overall loss of 0.4% last year, it had achieved an outperformance of 0.44% relative to its benchmark, largely driven excess returns from property, infrastructure and credit risk sharing allocations. Dutch healthcare scheme PFZW says it is unlikely to meet its sustainability target within its current mandate, as its staff has had difficulty finding suitable investments.The €217bn scheme had said it expected to reach a total of €20bn of investments in solutions for climate change, water scarcity, healthcare and food security by 2020 – quadrupling its stake in such investments relative to 2015.However, according to its annual report for 2018, at the end of December it had invested €14bn in the four themes, with €2bn to be added next year. It said its investment teams had struggled to find assets offering sufficient returns while also meeting its strict criteria for sustainable investments.Since 2015, PFZW has reduced the carbon footprint of its investments from 339 tons to 240 tons of emitted CO2 per €1m of corporate turnover. Its target is a 50% reduction by 2020.last_img read more

Posted by: | Posted on: September 9, 2020

Tipp hoping for revenge against Louth

first_imgTipp senior footballer Bill Maher says last year’s result will be in the back of their minds…Tipp FM’s live coverage of this Sundays Allianz Football League 5th round, Tipperary versus Louth comes In association with John Kennedy Motors, the home of Toyota Hybrid in Tipperary Tipp will be hoping they don’t repeat last year’s bad luck in Thurles against Louth in the National Football League.The Premier failed to defeat the Leinster-side in the penultimate game of last year’s league, and had to travel to Armagh to ensure their victory in Division 3.Both teams feature in Division 2 this year – with Tipp second from top, and Louth at the bottom of the table as it stands.last_img read more

Posted by: | Posted on: August 14, 2020

Diana Page, 68, Wellington: Dec. 21, 1947 – Jan. 9, 2016

first_imgDiana PageDiana Page, 68, died on January 9, 2016 after a prolonged battle with a sudden illness. She was fortunate to be in the presence of her beloved family at her passing.Funeral Services will be held at 2 p.m., Wednesday, January 13, 2016 at the First United Methodist Church in Wellington. Visitation will be held on Tuesday, January 12, 2016 from 9 a.m. until 8 p.m. with the family receiving friends from 5 to 7 p.m. at the Shelley Family Funeral Home in Wellington. A memorial has been established with Safe Homes and contributions may be left with Shelley Family Funeral Home. For further information please visit www.shelleyfamilyfh.com.Diana was born on December 21, 1947, to Richard and Christina Abbott. She graduated from Augusta High School in 1965. She married Steven Page on December 5, 1969 and together they raised three children. Diana’s successful career in the financial industry culminated in a 19 year partnership with Edward Jones that she cherished.Her natural ability to light up a room and make you feel comfortable with a glowing smile or warm hug made every day with her a blessing.  More than anything Diana loved family time. She also enjoyed traveling, entertaining, shopping and cooking. Diana was a selfless soul who will be missed greatly but we take solace knowing she will be walking with her father Richard in the Lords Garden.Diana is survived by her loving husband Steven Page; her mother Christina (Wichita, KS); two siblings Richard Abbott (Nashville, TN) and Karen Herdt (Hutchinson, KS); Children: Darren and wife Donna (Wellington, KS), Jeremy and wife Tracey (Wichita, KS), Monica and husband Mark (Spartanburg, SC) and was the loving Nana to Mariah, Lakin, Emily, Gabriel, Ashlyn, Brendan, Kaitlyne, Sebastian and Nadia.She is preceded in death by her father Richard Abbott.last_img read more