The task force unveiled its draft recommendations for climate reporting in December, and the consultation on them closed in mid-February.The task force is due to publish its final report and recommendations in June and present this to the G20 summit in Hamburg, Germany, in July.In other news, Denmark’s PKA is expanding its climate change engagement strategy, according to Peter Damgaard Jensen, the pension fund’s chief executive officer.Around two years ago PKA started engaging with companies in the mining and utilities sector with revenues linked to coal or other high-carbon energy. The policy provides for divestment if the pension fund is not satisfied with the companies’ plans to move away from these energy sources. PKA has divested from around 50 companies and is in dialogue with another 75, Damgaard Jensen told IPE.The pension fund is now rolling out a similar strategy to the oil and gas sector.Finally, Lombard Odier has launched a climate bond fund to help fight climate change. Its launch follows a strategic partnership with Affirmative Investment Management, a fixed income manager dedicated to impact strategies.The global bond fund is a diversified investment grade portfolio that the asset manager said seeks “to simultaneously deliver a low-carbon and climate-resilient economy, or mitigate some of the effects of climate change while targeting a higher yield than a typical investment grade portfolio with lower turnover”.The fund managers will seek investments “that provide positive climate-related outcomes”, such as renewable energy, land management or water resources, and investments in under-funded areas, such as climate change adaption, and in developing countries. The Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) has had its mandate extended to at least September 2018.The Financial Stability Board (FSB) yesterday said that the task force had proposed that it “continue its work until at least September 2018 with a focus on promoting and monitoring adoption of the TCFD’s recommendations by companies and evaluating the extent to which the recommended disclosures are meeting the interests of users”.The proposal was “welcomed” during a two-day meeting of the FSB in South Africa earlier this week.A spokesman for the FSB told IPE that the mandate has been extended and approved by the FSB. The initial phase had been to finish the recommendations.
The Danish government should change pensions law to allow older workers to take a partial pension while still working in order to keep people in the labour market, according to consultancy Aon.The government wants to increase Denmark’s state pension age just two years after the last change, but this is unlikely to keep people in the labour market, Aon said.Jannik Andersen, head of human capital at Aon Denmark, told IPE: “We have to have some legislation to enable people to continue paying into their private, or labour-market, pension while at the same time receiving a partial income from it.”The Danish parliament passed a law two years ago raising the state pension age and allowing for an additional increase of up to one year to take place every five years provided there had been an increase in life expectancy. However, in January the government proposed an earlier increase to the state pension age in response to data showing a more rapid rise in longevity than expected.Andersen argued that, while the government said it has two goals in raising state pension age – to avoid large increases in overall state pension spending and to keep people in the labour market for longer – the change is not effective in achieving the latter.This is because Danes have huge private savings that they can use to enable them to retire early, he said.Under current legislation, people born before 1954 can receive their state pension (folkepension) at age 65, rising to 68 for those born in 1967 or later.The government’s new proposal is for those born in 1957 or later to receive their state pension six months later than under the current law.The proposal is likely to be presented next month and voted on by parliament before the summer break.Aon said politicians would be better off offering incentives to stay in employment at least until retirement age, with extra years worked rewarded with possibility of having an income including both pension and salary.Andersen said: “The government want people to stay in the labour market for longer, but if you have a very physical job, you cannot work until you are 65 or 70, but you can probably semi-retire and have a part time job – though the question is whether the companies will keep their staff if they are only able to work half-time.” read more
The FCA has visited sites in Swansea and Doncaster to remind advisers of the requirements and standards it has put in place around pension transfers, with more than 150 financial advisers attending.Tomorrow, the UK parliament’s Work and Pensions Select Committee will conduct a series of interviews with individuals involved in the BSPS restructuring, including current and former employees, advisers, chair of BSPS trustees Alan Johnston, and the FCA’s Megan Butler.Tomorrow morning we’re investigating what’s going on around the the British Steel Pension Scheme – a “honeypot for scammers” as @frankfieldteam has called it. With @TheFCA , steelworkers reps and two of the firms described as giving “questionable advice” https://t.co/SUq8R9pvb9— Work & Pensions Ctte (@CommonsWorkPen) December 12, 2017Frank Field, chair of the committee, has described the situation as “a honeypot for scammers”.In written evidence to the committee, the PPF said staff had “heard first hand from BSPS members of instances of unscrupulous practices, or as members themselves have described it, ‘vultures’ touting for business”.Nick Smith, Labour MP for Blaenau Gwent in Wales, raised a question in the UK parliament last week, warning that “a steelworkers’ pension scandal is brewing”.“My constituents are worried about making the wrong decision on pension transfers, and the Financial Conduct Authority is providing insufficient support to steelworkers at this crucial time,” he said.Andrea Leadsom, lead of the House of Commons for the ruling Conservative party, urged Smith to raise the issue with the FCA.Meanwhile, a group of financial advisers have clubbed together to offer free counselling to BSPS members. Dubbed “Operation Chive”, they have been helping individuals understand their options and – in a number of cases – avoid being misled into inappropriate investments.Al Rush, an independent adviser who organised the counselling, said: “This is not about anything other than helping these people. They didn’t ask to be placed in this predicament, and we have the skills, and, I hope, the motivation and sense of compassion to undo some of the damage and jeopardy that a few people (and the system) have placed them in.”The afternoon shift starts. #CHIVE . #BSPS pic.twitter.com/tck6vv7XBi— Al Rush (@RAF_IFA) December 11, 2017These two IFA have just saved one steelworker £25,000. #CHIVE pic.twitter.com/7oByHYdQ35— Al Rush (@RAF_IFA) December 11, 2017Lifeboat fund hits out at ‘mischaracterisation’In its evidence to the committee, the PPF raised concerns about its role being misrepresented by some advisers.“In recent times we have picked up a number of instances where prospective entry to the PPF has been described as a ‘disaster’ for members or sentiments to that effect,” it told the Work and Pensions Select Committee.Although the PPF does cap payments for people who have not yet retired, the fund sought to emphasise that its limits were not as large as some advisers had claimed. Only 0.2% of its 234,000 members were affected by the cap, it said.“By definition, schemes only enter the PPF because they are unable to pay at least PPF level benefits,” the fund told MPs. “The average scheme transferring to the PPF since our establishment in 2005 has only been sufficiently funded to pay members 60% of their promised benefits.“Memories seem to have faded of the pre-PPF position where members, in the event of insolvency, would simply receive their share of the underfunded scheme. In some cases, members received next to nothing.” Three UK financial advice firms have stopped providing defined benefit (DB) transfer advice to members of the British Steel Pension Scheme (BSPS) after the regulator intervened.The Financial Conduct Authority (FCA) said in an announcement yesterday that it planned to visit six more financial advice firms in an effort to address concerns that members were being persuaded to give up their DB pensions and invest in unsuitable, esoteric products. IPE has received anecdotal evidence of some advisers and unregulated “introducers” approaching workers outside Tata Steel premises with such offers.BSPS is currently going through a restructuring process as part of a deal to stop Tata Steel UK – the schemes’ sponsor – from becoming insolvent. Members of the DB scheme have been offered the choice between staying with BSPS as it moves into the Pension Protection Fund (PPF) or transferring to a new scheme sponsored by Tata.Some members are able to transfer their pension out altogether, and it is this group that has been subject to a flurry of attention from “unscrupulous” advisers and introducers, according to witnesses. read more
Brisbane’s housing market has proved resilient in the face of challenging conditions. Image: AAP/Darren England.Since June 2014, Greater Brisbane’s annual median house price has grown 15.2 per cent, reflecting a region that continues to benefit from steady capital gains. At the same time, Sydney and Melbourne house prices went backwards in terms of their capital city annual price growth, with house prices declining 6.6 per cent and 5.8 per cent respectively over the past year, according to the REIQ data.The top suburb for house price growth in Brisbane’s local government area was Norman Park, where the median house price jumped a whopping 38 per cent in the June quarter.Paddington and Morningside also recorded double-digit house price growth in the three month period. Top suburbs for house price growth in Brisbane LGA – June 2019. Source: REIQ.In Greater Brisbane, the top suburb for house price growth was Brassall in Ipswich, with a 12 per cent rise in its median house price during the June quarter.It was followed closely by Tamborine Mountain and Yamanto.Median annual house prices across almost all LGAs increased in the 12 months to June, with Redland and Logan the only two exceptions. Redland has the most expensive housing with a median of $530,000, while Ipswich is the most affordable, with an annual median of $347,000. Top suburbs for house price growth in Greater Brisbane – June 2019. Source: REIQ.REIQ CEO Antonia Mercorella said Brisbane had proven its resilience in the face of challenging market conditions, particularly when compared to Sydney and Melbourne.“We’ve not seen that level of accelerated growth that Sydney and Melbourne have experienced,” Ms Mercorella said.“We have started to see a slowing of our market, but that’s understandable.“Our economy is not as strong as we’d like it to be in Queensland … and the federal election had a big impact on confidence so that put things in a holding pattern, and it would be naive to think the banking commission hadn’t had an impact.” MORE: RBA rate cut expected within days Adam and Tarsha Nicolo and their two daughters, Liliana, 4, and Francesca, 2. Picture: Annette Dew.BRISBANE has beaten its two biggest rivals to record house price growth at a time when the nation’s housing market was in the doldrums. The latest Real Estate Institute of Queensland Market Monitor, released today, shows the annual median house price for the Brisbane local government area rose 0.7% in the 12 months to June to hold on to a record high of $680,000.And the median house price in the Greater Brisbane area performed even better — climbing 1.5 per cent in the 12 months to June to reach $530,000. RELATED: Sunshine state a land of opportunity But Ms Mercorella said she was not concerned about the slowdown in the market in the June quarter because the outlook for Brisbane’s housing market was so optimistic.“We have all the right ingredients for really significant capital growth in this city,” she said.“What we need is a confidence boost — that seems to be what’s holding us back.”And there are plenty of reasons to be confident, according to Ms Mercorella.“For some years now we’ve been saying Brisbane is the city to watch,” she said.“This is a city that’s on the move, that’s experiencing a level of transformation that’s not really been seen in this city before and you can sense that there’s change in the air.” REIQ CEO Antonia Mercorella. Photo: Claudia Baxter.The top 10 infrastructure projects in Brisbane have a forecast investment of $17 billion, which will be injected within the next six years. “There are lots of incredibly exciting projects on the horizon,” Ms Mercorella said.“Add to that the fact our affordability and liveability is so much better than what you will find in Sydney or Melbourne and it’s not surprising Brisbane has become the number one destination for internal migration.“Living in Brisbane is so much easier — your money goes so much further.” This house at 63 Real Ave, Norman Park, is for sale. Older-style character homes like this one at 63 Real Ave, Norman Park, are proving popular.Brisbane couple Tarsha and Adam Nicolo have just bought a home in Norman Park and are not surprised the inner-east suburb has seen such strong house price growth.Mrs Nicolo said they had bought a house on a large, 810 sqm block, on which they planned to build their forever home.“My husband is a builder so we’ve been looking for a block of land to build on for a long time,” Mrs Nicolo said.“It’s really great because we can build a storage shed and a pool house and still have enough land to make it feel open and airy.”More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoMrs Nicolo said they were happy to invest in Norman Park because of its central location, its quiet streets and the fact lots of young families like themselves lived there.“When we bought the house, all the neighbours came out and were like ‘welcome to the street!’ — it’s just a really beautiful feeling,” she said.“It’s just nice that there are not as many units in the area and the houses are on bigger blocks because there’s not as much subdivision.”Ben Cannon of McGrath Bulimba – Balmoral said Norman Park was starting to feel the flow-on effect from surrounding suburbs like Bulimba and Balmoral.“Norman Park has probably sat quietly while other markets around it have outperformed, but I think its time to shine is now,” Mr Cannon said.He said properties in elevated streets in the suburb had seen some big transactions in recent months and buyers were attracted to the older-style homes on large blocks in the area. This house at 93 Grosvenor St, Morningside, is going to auction. The backyard of the house at 93 Grosvenor St, Morningside.In neighbouring Morningside, where the median house price jumped nearly 11 per cent in the three months to the end of June, Holly and Sam Round are hoping to reap the benefits of the rapid capital growth.The couple is selling their two-bedroom house at 93 Grosvenor Street and plan to buy a bigger home in the same suburb.“We were going to renovate it, but decided we didn’t want the hassle, so we thought; ‘let’s just buy a bigger property instead’,” Mrs Round said. “We have family visiting from the UK a lot and want to be able to have enough space for them to come and stay with us.” Holly and Sam Round and their 21-month-old son, Henry, at the house they are selling in Morningside. Picture: Peter Wallis.Mrs Round said she could understand the appeal of Morningside because the suburb had so much to offer — including good daycare centres for their 21-month-old son, Henry.“What we personally like is it’s so close to Hawthorne and Bulimba and Balmoral, which we couldn’t afford to get into, but Morningside is close enough to all the fabulous things we love about the area,” she said.Marketing agent Glenn Bool of Place – Bulimba said Morningside said the property was at the junction of Hawthorne and Balmoral, with a very high “walk score”.Mr Bool said Morningside had been in the shadows of those two neighbouring suburbs for some time, but that was changing.“We’re just feeling that in the last couple of years, people are starting to realise what (Morningside) has to offer,” Mr Bool said. read more
Police in Burundi have fired teargas and water cannon to disperse protesters calling for the president not to run for a third term, as tensions continue to rise in the central African country.Opposition parties are concerned over the incumbent president, Pierre Nkurunziza’s expected bid for a third term in the June elections, despite the country’s constitution stating a president can only be elected twice.Around a thousand opposition activists attempted to gather in the centre of the capital Bujumbura on Friday, but police blocked their path, briefly detaining several protesters.Some protesters threw stones, prompting police to respond with tear gas and water cannon, eventually restoring calm.At least two policemen were injured in the clashes.Chauvineau Mugwengezo, president of the opposition UPD party, criticised the security clampdown and called for more demonstrations. read more
EntertainmentHealthLifestyle Angelina Jolie has double mastectomy by: – May 14, 2013 Share Sharing is caring! Share Tweet 22 Views no discussions Share Angelina Jolie says she hopes her story will be helpful to other womenHollywood actress Angelina Jolie has undergone a double mastectomy to reduce her chances of getting breast cancer.The 37-year-old mother of six has explained her reasons for having the surgery in the New York Times.She said her doctors estimated she had an 87% risk of breast cancer and a 50% risk of ovarian cancer. “I decided to be proactive and to minimise the risk as much I could,” she wrote.She said the process began in February and was completed by the end of April.Risk reducedIn an article entitled My Medical Choice, Ms Jolie explained that her mother fought cancer for nearly a decade and died at the age of 56.She said she had sought to reassure her children that the same illness would not take her away from them, “but the truth is I carry a ‘faulty’ gene, BRCA1, which sharply increases my risk of developing breast cancer and ovarian cancer”.She said that once she “knew that this was my reality”, she had taken the decision to undergo the nine weeks of complex surgery required to have a double mastectomy.Her chances of developing breast cancer have now dropped from 87% to under 5%, she said.She praised her partner, Brad Pitt, for his love and support throughout the procedure, and said she was reassured that her children had found nothing in the results “that makes them uncomfortable”.“I feel empowered that I made a strong choice that in no way diminishes my femininity,” she said.“For any woman reading this, I hope it helps you to know you have options,” Ms Jolie went on to say.“I want to encourage every woman, especially if you have a family history of breast or ovarian cancer, to seek out the information and medical experts who can help you through this aspect of your life, and to make your own informed choices.” The award-winning actress and director is also a long-time supporter of humanitarian causes. She is currently a UN special envoy.During the period she was undergoing the double mastectomy procedure, Ms Jolie visited the Democratic Republic of Congo with UK Foreign Secretary William Hague – and attended the G8 summit of foreign ministers in London – to raise awareness over sexual violence in conflict.She also helped launch a charity to fund girls’ education set up by the Pakistani schoolgirl activist Malala Yousafzai who was shot by the Taliban last October.Ms Jolie has three biological children and three adopted children with Brad Pitt.Emma Parlons, a 38-year-old mother from London who had the operation three years ago, welcomed Angelina Jolie’s decision to raise awareness of the issue.Ms Parlons said her risk of getting breast cancer was the same as the actress’s. “If somebody said your flight across the Atlantic was 86% likely to come down, you wouldn’t get on that plane would you?” she said in an explanation of her reasons for having the operation.Professor Gareth Evans, of the Manchester Breast Centre in Britain, said the two genes BRCA1 and BRCA2 (breast cancer one and two) “were the first two majorly breast cancer pre-disposing genes that were identified” and are also linked to an increased risk of ovarian cancer.“The risk associated with the genes isn’t simply an exact figure like 87%,” he told the BBC. “It does depend on other risk factors, and so the risk for someone with a BRCA1 mutation could vary anywhere between 50 and 95% for breast cancer.”Currently, women facing a strong likelihood of developing breast cancer have only two real options – to have both of their breasts removed (a double mastectomy) or hope that it will never actually happen.In January, the drugs watchdog in England and Wales, the National Institute for Health and Clinical Excellence, recommended women at a high genetic risk of breast cancer should be given the option of taking the drug Tamoxifen, or another one called raloxifene, for five years to cut their lifetime risk of the disease.BBC News read more
According to Riza Otayde, deputy chief for operations division of the LTO-6, the closure would give authorities time to disinfect the area. BY DOMINIQUE GABRIEL BAÑAGABACOLOD City – At least 50 employees of the Land Transportation Office (LTO) in this city were placed under a 14-day quarantine. A coronavirus disease 2019 (COVID-19) positive patient was confirmed to have visited the agency’s premises. Normal operations of the agency will resume once results of the swab test come out and disinfection of the premises is finished, she added./PN Guara said the 50 LTO personnel will undergo swab testing. The LTO-Bacolod compound, which houses the Negros Occidental Licensing Center, Bacolod City District Office and Negros Occidental Law Enforcement Service, were also temporarily closed. Susan Guara, head of the LTO-Bacolod Licensing Department, said it was Victorias City’s Mayor Frederick Palanca who informed their regional office that a male locally stranded individual visited the LTO compound on July 16 and 17 to process his driver’s license. read more
The Batesville Lady Bulldogs traveled to Columbus to face the Columbus North Bulldogs in their last regular season game. Unfortunately, the Lady Bulldogs were defeated with a score of 4-0.Columbus was able to score two goals on breakaways coming out with a 2-0 lead at half time. After Batesville pushed some numbers forward, Columbus was able to score on two more breakaways finishing with a final score of 4-0.“Our girls played with a lot of effort and intensity tonight after a tough game against East Central last night. The entire defense for the Lady Bulldogs played well and dealt with Columbus North’s speed for most of the game.” Batesville Coach Kyle Laker.The Lady Bulldogs finished their regular season with a record of 9-6-1. The post-season tournament for the Lady Bulldogs will begin on Wednesday as they face the winner of the Madison vs. South Dearborn game.In the JV match, Batesville defeated Columbus North 2-1.Nicole Redwine scored off of a cross from Audrey Weigel to put the bulldogs out in front 1-0. Columbus North came back with a goal shortly before half time evening the score up 1-1. In the second half Sylvia Phillips netted the game winner.This concluded the JV season with a final record of 9-2-1.Courtesy of Bulldogs Coach Kyle Laker. read more
Chelsea held on to their place in the Premier League’s top four by bouncing back to beat Watford 3-0 on Saturday after Manchester United briefly powered past with a 5-2 rout of struggling Bournemouth. Third-placed Leicester also got back on track with Jamie Vardy reaching 100 top-flight goals in a comfortable 3-0 win against Crystal Palace, while Arsenal dealt a blow to Wolves’ Champions League chase by winning 2-0 at Molineux on Saturday. United’s fearsome front four of Marcus Rashford, Anthony Martial, Bruno Fernandes and Mason Greenwood, who netted twice, were all on the scoresheet as Ole Gunnar Solskjaer’s men hit five goals in a home Premier League game for the first time since 2011. Manchester United’s Mason Greenwood scored twice to take his tally for the season to 15 “Confidence is sky high. You get energy and confidence by performances and results and we are getting that at the minute,” said Solskjaer, who is feeling the benefits of a 16-match unbeaten run. “I have enjoyed the last few games to be honest and it is healthy. You don’t age as quickly!” Bournemouth are moving fast in the other direction as they remain second bottom and the Cherries’ defensive problems were quickly exposed after they took a shock 16th-minute lead through Junior Stanislas. Greenwood got the comeback started as he smashed home from Fernandes’s pass before Rashford, from the penalty spot and Martial, with a stunning shot into the top corner, scored their 20th goals of the season, “Mason is one of the best if not the best finisher I have worked with and seen,” added Solskjaer. “He is so calm. He knows where to finish if it is on the training ground, here or in his garden at home.” Paul Pogba sported a haircut supporting the Black Lives Matter movement in Manchester United’s 5-2 win over Bournemouth Bournemouth were given hope when Josh King scored from the spot after Eric Bailly handled inside his own box just four minutes after coming on as a half-time substitute. But there was no stopping Solskjaer’s men going forward and Greenwood restored their two-goal cushion with another powerful drive, this time on his weaker right foot, before Fernandes then capped another influential display with a fine free-kick. – Chelsea bounce back – Chelsea shrugged off a shock 3-2 defeat at West Ham in midweek with a routine win at Stamford Bridge. Olivier Giroud was recalled up front and repaid Frank Lampard with a smart finish to break the deadlock before Willian’s penalty made it 2-0 before half-time. Ross Barkley added the third in stoppage time to move Chelsea back two points ahead of fifth-placed United. FacebookTwitterWhatsAppEmail分享 Leicester’s Jamie Vardy scored his 100th and 101st Premier League goals on Saturday Arsenal face Leicester next on Tuesday, but the Foxes go into that game with a much-needed confidence boost after a first win in five games. Leicester have struggled to score goals of late, but were helped back to winning ways by some calamitous Palace defending for Kelechi Iheanacho to open the scoring and Vardy to tap into an empty net for his Premier League century. Vardy struck again in characteristic fashion in stoppage time, sprinting in behind before dinking the ball over the advancing Vicente Guaita. “To get the two goals and the three points is all you can ask for,” said Vardy. “We know it’s down to us. We are in this position on merit and we have to keep going. If we play like that between now and the end of the season, we will pick up a quite a few points.” “We needed a result after the last game,” said Chelsea winger Christian Pulisic. “I think there was an extra bit of energy because of that loss, we wanted to prove a point.” A third defeat in four games since the restart leaves Watford still just one point above Bournemouth and Aston Villa in the battle to beat the drop. Arsenal kept their hopes of European football next season alive moved by ending Wolves’ eight-game unbeaten run in impressive fashion to move up to seventh. Bukayo Saka celebrated signing a new long-term deal this week by hooking in the opener just before half-time and Alexandre Lacazette came off the bench to seal all three points for Mikel Arteta’s men four minutes from time. “Every game you have no margin for error, we know that we try to win every game,” said Arteta of Arsenal’s top-four chances. Defeat leaves Wolves five points behind Chelsea. – 100 up for Vardy – Loading… Promoted Content6 Major TV Characters We Were Relieved To See Leaving The Show7 Black Hole Facts That Will Change Your View Of The Universe10 Hyper-Realistic 3D Street Art By Odeith6 Extreme Facts About Hurricanes7 Ways To Understand Your Girlfriend Better14 Hilarious Comics Made By Women You Need To Follow Right NowThe Best Cars Of All TimeCouples Who Celebrated Their Union In A Unique, Unforgettable WayThe 10 Best Secondary Education Systems In The World11 Most Immersive Game To Play On Your Table Top9 Facts You Should Know Before Getting A Tattoo8 Things To Expect If An Asteroid Hits Our Planet Read Also: Video: Klopp furious after Liverpool’s loss to Man City Norwich manager Daniel Farke conceded his side are heading for relegation after a 1-0 home defeat to Brighton left the Canaries still seven points. “It was more or less our last chance to get back in the mix,” said Farke. “After a few losses, we don’t have the right to make any fighting messages or to make any unrealistic claims.” read more
Batesville, IN—Milling & paving to begin on Tuesday, October 8 on the following streets: Pine Grove Drive, Tekulve Road from Township Line Road to SR 46, Tekulve Road from SR 46 to Central Avenue & Hillenbrand Avenue from Park Avenue to Main Street.