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Prescott rules out CSC’s Oxford city centre transformation

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IORP II will increase regulatory pressure on pension funds: consultant

first_imgShe added that pension funds, like banks and insurers, would probably also have to state an opinion about the way their required assets were calculated.At the session about governance and bureaucratic risks, Thissen said governance had become much more complicated during the past 10 years, and had led to the establishment of new supervisory bodies and risk committees.Thissen noted that the number of thematic surveys by supervisors had also risen significantly.Pension funds should expect an increase in international regulation, Thissen said, adding that Dutch regulator De Nederlandsche Bank (DNB) would intensify its supervision domestically.“Following the ongoing consolidation, players are becoming ever larger and, combined with population ageing, pension funds are increasingly posing a [systemic] risk to the Dutch economy,” she argued.Adri Jansen, actuary and trustee at six small and medium-sized pension fund, responded that increasing supervision would cause problems for this category of scheme.Although he said that all supervisory questionnaires made sense, he warned that board members were effectively “brought to their knees” as a result of new and highlighted regulation as well as the way in which rules are enforced by watchdogs.Jansen noted that DNB had started to more strictly enforce existing regulation, including the rules on IT policy.In his opinion, many trustees had lost sight of the overall view because of the amount of fragmented questionnaires they were required to complete. This came at the expense of their motivation to be involved with risk management, he said.He added that small schemes’ budget for advisory services was limited and questioned whether this would contribute to “well-considered policy”. The new IORP II pensions directive will further increase regulatory pressure on pension funds, a Dutch consultancy has warned.In addition to communication rules and factoring in environmental, social and governance (ESG) criteria into risk management policies, IORP II would also come with conditions similar to Solvency II for insurers, said Lonneke Thissen, partner at Sprenkels & Verschuren. It also brought a requirement for pension funds to provide their own risk evaluation every three years.Thissen was speaking at the annual conference of IPE’s sister publication Pensioen Pro. IORP II came into force in January this year, and affected funds have until January 2019 to comply.Thissen said that pension funds were also expected to create key functions for risk management, audit and actuarial matters.last_img read more

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Martin Prepares to Reopen Beaches with Fears of Traffic from South

first_imgAccording to Stacey Hetherington, vice chair of the county commission, “We obviously welcome visitors and love to have visitors in our downtown, our restaurants and our beaches. Even on this occasion, it’s OK to have visitors. But we can’t absorb millions of people from down south in a small county. We just can’t.”The commission has agreed to open the beaches on a trial basis and will revisit the issue at its May 15 meeting.Earlier in the COVID-19 crisis, Martin County’s beaches became overwhelmed when those in South Florida were closed.“We were just absolutely swamped,” says Hetherington. “When people couldn’t find parking, they were parking on A1A. People were running across the road to get things. It would have been a safety hazard even outside of the virus.”Social distancing will still be required at Martin’s beaches, and the vote to reopen them excluded Hobe Sound Beach, due to its proximity to Palm Beach County. Bathtub Beach will also remain closed, largely due to sand erosion. As beaches reopen across the Florida peninsula, some residents in those parts of the state are concerned about a possible invasion from heavily-populated South Florida.The Martin County Commission voted Friday to reopen most of its beaches beginning Monday, May 4, despite concerns that people from Palm Beach, Broward, and Miami-Dade counties could drive up I-95 for a day of sun and sand.Although Gov. Ron DeSantis last week announced a partial reopening of the state, he excluded the three South Florida counties, which have the state’s highest numbers of COVID-19 cases.“There may be 20 counties that have opened up their beaches — the big difference is those counties are not adjacent to the three most infected counties in Florida,” says Martin County Commissioner Sarah Heard, who voted against reopening the beaches at Friday’s commission meeting. “There’s 6 million people living to the immediate south of us. … It would be reckless, in my estimation, to open up our beaches right now.”Today the Board approved a motion to prioritize testing for our western communities. They also lifted restrictions at beaches and boat ramps, and relaxed restrictions for parks, golf and racquet sports. Details at https://t.co/FmITyFgn0L #TogetherMartin pic.twitter.com/dXGTTWoUqP— Martin County BOCC (@MartinCountygov) May 1, 2020last_img read more

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Luckbox recruits David Lyons as Player Engagement lead

first_img Luckbox: How the return of live sport has affected esports betting July 10, 2020 Share StumbleUpon Luckbox outlines final TSXV roadmap July 29, 2020 Recapitalised Luckbox calls for a recruitment drive  June 30, 2020 Related Articles Share Submit David Lyons – LuckboxEsports betting enterprise Luckbox continues to bolster its executive management ranks, as it prepares for its upcoming product launch this 2018.David Lyons becomes the latest former PokerStars executive to join the Luckbox enterprise team, taking on the responsibilities of Director of Player Engagement.Lyons will be tasked with developing Luckbox’s initial player rewards system, a key component for the start-up’s growth strategy. Lyons describes his job as “finding cool ways to give value back to our players”.Working for PokerStars since 2010, Lyons has been a key stakeholder in developing the leading online poker room’s extensive player engagement capabilities and expanding retention dynamics.Lyons now joins former PokerStars executives Vadim Soloveychik (CMO), Quentin Martin (COO) and Luckbox co-founders Lars Lien and Mike Stevens, in seeking to develop the world’s leading destination and community for esports betting.“I was intrigued by Luckbox’s motto of ‘esports betting done right’ and when I saw that industry heavy-hitters Archie Watt (CFO) and Vadim were getting involved, and got a chance to meet the rest of the leadership team, I realised that this was start-up with a difference”“It’s a chance to build something with the right foundations – an opportunity too good to miss,” Lyons commented on joining the Luckbox enterprise.last_img read more

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DONEGAL MINORS TO PLAY DUBLIN AT CROKE PARK – COULD IT BE A DUB DOUBLE HEADER?

first_imgDONEGAL could be headed for a unique double-header with Dublin – in TWO All-Ireland semi-finals at Croke Park.The Minors will play the Dubs in their semi-final on August 31.And if Donegal can get past Armagh this weekend; and Dublin beat Monaghan, it could mean we take on Dublin twice at Croker in a unique double header! Donegal’s Minors beat Roscommon at the weekend in Sligo to book their semi-final berth.Jim McGuinness takes his side to Croker this Saturday (TI 4pm) to take on Armagh. DONEGAL MINORS TO PLAY DUBLIN AT CROKE PARK – COULD IT BE A DUB DOUBLE HEADER? was last modified: August 4th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Croke ParkdonegalDouble-headerlast_img read more

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