UK must have minister for infrastructure, says PIP chief

first_imgHe said the construction risk usually involved in greenfield infrastructure projects was too high for pension scheme investors typically looking for low risk, long-term, inflation-linked returns to help meet regular pension payment obligations.Dalmore said back in July that it had secured £440m of commitments for its TTT fund from UK pension funds and European investors, and PIP investors were understood to account for most of that, having made a £370m co-investment alongside Dalmore earlier in the month.The PIP was set up by the UK National Association of Pension Funds (NAPF) and backed by the UK government, to channel investment into domestic infrastructure.Weston said the PIP wanted to see more investment opportunities like the TTT for UK pension funds.“If the government is serious about increasing institutional investment in infrastructure, then it needs to ensure a long-term pipeline of opportunities is in place to give pension schemes the confidence to build their internal investment systems and capabilities,” he said.In addition to this, the government has to be prepared to structure projects to deliver the low-risk cash flows pension schemes need, he said.“Finally, the government must appoint a minister specifically for infrastructure to oversee these large projects, which will typically cut across a number of government departments,” Weston said.The TTT project will create a new sewer and build a 25km tunnel below the River Thames.It is due to be completed by 2023. If the UK government wants to encourage more institutional investment in infrastructure, it must shape projects in a way that gives pension funds low-risk cash flows, and appoint a minister specifically for infrastructure, the head of the Pensions Infrastructure Platform (PIP) said.The PIP confirmed it helped secure more than £370m (€506.6m) of investment commitments on behalf of UK pension schemes in the Thames Tideway Tunnel (TTT) project via Dalmore Capital.It said the Bazalgette Tunnel Limited consortium, of which Dalmore is a part, received the licence to own the £4.2bn London “super sewer” on August 24.Mike Weston, chief executive of the PIP, said: “The Thames Tideway Tunnel is a great example of how even greenfield projects can have the risk mitigated to a level acceptable to pension funds.”last_img read more

UK lifeboat fund announces DVLA boss as new CEO

first_imgBefore joining the DVLA, he was keeper of The National Archives and previously worked at Thomson Reuters in a range of roles, including global head of sales operations.PPF chairman, Arnold Wagner, said: “I am delighted someone of Oliver’s calibre has decided to join the PPF.“We have a proven team at the PPF and his leadership will ensure that the PPF enters the next phase of its development well placed to continue to protect the millions of people in the UK who belong to defined benefit pension schemes.”Morley said the PPF’s mission strongly attracted him to the role. ”The PPF plays a fundamental role in the pensions’ landscape, protecting the retirement savings of millions of people,” he said. “The PPF is now an organisation with over £30bn in assets and over 250,000 members and I will ensure that these members, as well as the schemes across the UK that pay the levy, are well served.”The PPF announced Rubenstein’s departure in July. He has led the lifeboat fund as its chief executive since April 2009. During his tenure the PPF won several IPE awards, and Rubenstein himself was recognised for his work with a Lifetime Achievement award at the IPE Awards last month.The UK’s pension fund association welcomed Morely’s appointment and thanked Rubenstein for his contribution.Julian Mund, chief executive of the Pensions and Lifetime Savings Association, said: “As chief executive of the Pension Protection Fund since April 2009, [Rubenstein] has worked hard to build confidence in the industries lifeboat and helped to ensure that individuals are protected should the worst happen and their scheme fail.“We look forward to working closely with Oliver Morley and his team in the future as we focus on safeguarding the retirement savings of millions of people.” Morley will be the PPF’s fourth chief executive. See IPE’s December 2017 magazine for an interview with Alan Rubenstein Oliver Morely is to take over from Alan Rubenstein as chief executive of the Pension Protection Fund (PPF), the £28.7bn (€32.2bn) lifeboat fund announced today.Morely will join in March from the Driver and Vehicle Licensing Agency (DVLA), where he has been chief executive since 2013.Morely has led a digital and organisational overhaul of the DVLA, which maintains a database of drivers and vehicles in Great Britain and the UK, respectively. The DVLA is one of the UK’s biggest multi-channel service organisations, with over 45m customers, 402.5m digital interactions, and £6bn in revenue collected for the UK government per year.Morely was recognised for his digital services work at the DVLA by being awarded a Commander of the Order of the British Empire (CBE) in the UK’s 2017 New Year honours.last_img read more

Novak Djokovic Stays On Top In Latest ATP World Rankings

first_imgBeijing: Novak Djokovic remains atop in the latest ATP world rankings released on Monday, in which there has been no changes in the top 10 places. Serbia’s Djokovic has 12,415 points to hold a massive lead to second-placed Spaniard Rafael Nadal, who has 7,945. IANS Also Read: Novak Djokovic Remains World No 1last_img

Karachi braces for its first taste of ODI cricket in a decade today

first_imgIT has been ten years since Karachi saw its last ODI. In that time, three World Cups have been staged, a generation has grown up, and the one-day game has been through a revolution. Sure, this is only a tender sapling of a tour, containing only limited-overs fixtures, with 10 Sri Lanka players having refused to travel. But we are at the start of the longest trip an international side has made to Pakistan since 2009, and PCB hopes that top-flight cricket will really set about putting its roots down in the country this time. Could a home Test series be on the horizon?It is difficult to put into words how much the resumption of a regular schedule could mean to Pakistan. Whole cities coming alive for matches, packed stadiums gasping at withering spells of fast bowling and spin-bowling wizardry, while tense battles play out in storeyed venues.Forget Pakistan; cricket needs this. It would also be fitting, of course, if Misbah-ul-Haq, who shepherded Pakistan so masterfully through their nomad years, gets this chance to shape the team’s long-ached-for return home.But perhaps we are getting ahead of ourselves. Sri Lanka have sent a substantially weakened team, owing to 10 players’ continued doubts over the security situation.Against a side missing the likes of Kusal Perera, Angelo Mathews and designated captain Dimuth Karunaratne, the hosts start as strong favourites. What’s more important than the runs or wickets, though, is that the tour is on. And that it goes well.The old coach is gone, as are selectors and support staff, but Sarfaraz Ahmed is still around as captain, despite Pakistan’s failure to make it to the World Cup semi-finals. But will it be the same old Sarfaraz? Will he still bat in the lower middle order? Will he employ the same tactics? How much will Misbah, in his powerful new avatar, change the way Sarfaraz approaches his job? And after a modest World Cup personally, can Sarfaraz lift himself into good form again?Sri Lanka’s top order is among the most brittle in ODIs at the best of times, and it is the batting that has been most weakened by the withdrawals.Their captain for this series, Lahiru Thirimanne, struggles to make the first-choice XI, for example. Nevertheless, Thirimanne is the most experienced batsman on tour, and if Sri Lanka are to make competitive totals here, he will probably be required to play the sorts of long, measured innings he specialises in at his best. (ESPN Cricinfo)last_img read more

After spinal injury to Norton, Luther College community bonds

first_img No. 17 Arkansas at No. 18 South Carolina Prediction: South Carolina 23, Arkansas 14 In a battle of conference foes, the Gamecocks will come out best in this fight. South Carolina’s road ahead will start at home against the Razorbacks. Published on November 3, 2010 at 12:00 pm Comments The play happened so fast, many of Chris Norton’s teammates missed it. It started when Norton, a freshman special teams player, took the field for a kickoff. He lined up while his team, Division III Luther College, was losing to Central College. The play ended with a call for an ambulance and Norton staying on the field. Jordan Grimm, a senior and the Norse’s linebacker and placekicker, didn’t even notice Norton was down at first. But then to Grimm, it quickly became clear that something felt wrong. It took a long time to get Norton off the field. After that, the team felt distracted, Grimm said. ‘It was kind of just really tough,’ Grimm said. ‘We were supposed to go out and play right after that. It kind of went downhill from there.’ Luther lost that Oct. 16 game to No. 15 Central, 45-26. The ambulance that carried Norton went to Decorah Medical Center in Decorah, Iowa. Doctors diagnosed him with a neck and spinal cord injury. Because of the injury’s severity, a helicopter took Norton to the Mayo Clinic in Rochester, Minn., where he required a three-hour surgery. Since Norton’s injury, the team and local community around Luther have responded to his loss, as Norton began the road to recovery. Right after the game, head coach Mike Durnin addressed the team. He told them the news and told them they would have to keep going.AdvertisementThis is placeholder text ‘Keep your prayers and thoughts with Chris and his family,’ Durnin told the team. In the weeks that followed, a local Decorah church held a service for Norton. Another service took place in his hometown. Luther established a fund for parents to donate to his recovery fund. ‘This has definitely been a case of the greatest of human nature standing up and supporting each other,’ Durnin said this week. As the Luther community tried to rally, so did Norton, with the help of a few others. Durnin and his wife went to the Mayo Clinic, as did Luther President Richard Torgerson and his wife. When Norton’s family finally arrived, they spotted a man wearing Luther gear, who was neither Durnin nor Torgerson. Just a Luther alumnus who went to the Oct. 16 game, saw Norton’s injury and wanted to offer his family a place to stay. A neurosurgeon called the Norton family into a small, dim room and told them to expect a long surgery, probably eight to 10 hours, said Norton’s sister, Alex. ‘The other thing is, do not expect he will have any movement from the neck down,’ the surgeon told the family, Alex said. The surgery took just three hours. After that, Alex began a blog about him and his road to recovery. She linked a donation fund to the blog so readers could contribute after they read about Norton. ‘It was a way everyone could see the information,’ she said. ‘That day of the accident and the day after, we couldn’t keep up. We were getting phone calls, texts. It was overwhelming. We kind of set up the site so people could keep up.’ Soon after the site went live, Norton wiggled his shoulders. As the team moves forward, the squad continues to feel Norton’s spirit. The team receives updates on his condition often. Luther (4-4) will face two more opponents before the end of the season. And while keeping the game in perspective, Luther’s players want to win for Norton.   ‘We’ve got a renewed sense of passion for the game, passion for life, knowing that every play could be our last,’ Grimm said. ‘Every day could be our last, you never know what life is going to throw at you.’ Grimm admits he thinks about Norton’s accident often. He tries to put it out of his mind when he approaches a kickoff. ‘It’s scary, it’s definitely scary,’ Grimm said. He tells himself that the odds are too small. That Norton just suffered a strike of bad luck. ‘It’s given us inspiration to play for Chris and to give yourself to something bigger than yourself,’ Grimm said. As for Norton, he continues to defy the first prognosis. Sensation continues to return to his body. Hopefully he can make a recovery and return to campus as a student next semester, his sister said. Each day, Norton undergoes physical therapy. His father has taken over blogging duties. On Tuesday, while in a wheelchair, therapists attached Chris’ legs to a stationary bike. The bike is powered by electricity and the motion helps rebuild Norton’s leg muscles. His father wrote, ‘I know the look he had on his face, it was his game face. He was ready to go.’ Games of the Week Louisville at Syracuse Prediction: Syracuse 30, Louisville 24 Last time the Cardinals came to the Carrier Dome in 2008, Syracuse came out on top 28-21. With the Orange winning five of its last six games, this year should be much the same. Syracuse gets its seventh win of the season and becomes bowl-eligible. No. 4 TCU at No. 6 Utah Prediction: Utah 32, TCU 28 In the week’s best matchup, the unbeaten Horned Frogs will journey to Salt Lake City to take on the unbeaten Utes. Last season, the Frogs demolished Utah 55-28. But the Frogs have lost the last two games at Salt Lake City. Look for Utah to continue the trend this week. No. 13 Arizona at No. 10 Stanford Prediction: Stanford 20, Arizona 17 Look for offense to topple defense. Stanford brings in a great offensive package, led by quarterback Andrew Luck. The Wildcats boast a No. 10-ranked defense, but luck should hold out for Stanford. No. 5 Alabama at No. 12 LSU Prediction: Alabama 30, LSU 14 Alabama rules over this series, 45-23-5. Expect that again this week. Alabama brings quarterback Greg McElroy to try and beat the Tigers. Even at home, LSU will not last past the Tide.center_img adbrow03@syr.edu Facebook Twitter Google+last_img read more

Bulgaria’s National Lottery picks Kambi for ‘High Expectations’ 7777.bg sportsbook

first_img Submit Share Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 Share Related Articles Kambi and DraftKings agree on final closure terms July 24, 2020 Kambi takes control of Churchill Downs BetAmerica sportsbook August 28, 2020 StumbleUpon Kristian Nylén – KambiNordic Nasdaq-listed industry sports betting platform provider Kambi Group Plc has confirmed that it has entered a services agreement with Bulgarian licensed gaming group National Lottery AD.The agreement will see Kambi become lead betting platform and technology provisions supplier for National Lottery AD’s digital gaming brand 7777.bg, which is considered Bulgaria’s most popular lottery and gaming destination.Last year, 7777.bg added a sports betting product to its portfolio, however, in order to meet growth objectives, National Lottery AD had decided to upgrade to Kambi’s sports betting provisions.Licensed by the Bulgaria’s State Commission on Gambling, 7777.bg has an established customer base in excess of 2 million registered players.Kristian Nylén, CEO of Kambi, commented on the partnership: “We are delighted to be partnering with the National Lottery AD in Bulgaria. We share the same vision, which is to supply the best sports betting to 7777.bg’s customers; one that is engaging, entertaining and safe”.Nylén further notes National Lottery AD’s high ambitions for 7777.bg’s sports betting product, which aims to quickly become the lead online destination for Bulgarian betting consumers“The 7777.bg brand is at the very heart of gaming in Bulgaria and is widely respected and popular across the numerous verticals in which it operates. We are very excited by 7777.bg’s growth plans to gain the number one position in all its verticals in Bulgaria. With the power of the Kambi Sportsbook and 7777.bg’s impressive customer base, together we will build a sustainable market leading proposition.” Nylén added“The signing of the National Lottery AD fits well with Kambi’s strategy of targeting Tier 1 operators and market leaders in regulated markets, which can bring us and our operators increased market share and strong revenue growth.”The deal represents Kambi’s second major client win in as many months. In June, the company announced a partnership with Colombia’s Corredor Empresarial S.A., Latin America’s largest private ‘games of chance’ network. Kambi will provide its scalable sportsbook solution to the operator’s new BetPlay brand.Looking forward to the start of the partnership Milen Ganev, Marketing Director of National Lottery AD commented: “We are known to work with only the highest quality providers and Kambi is just that. We do this clearly and purely to serve our end customers and to give them the ultimate experiences they deserve. Together, we believe this partnership will support our mission to become the country’s leading provider in sports betting experiences.”last_img read more

Greeners on the Cutting Edge Lecture Series Explores Technology’s Advancements

first_imgFacebook0Tweet0Pin0 Submitted by The Evergreen State CollegeEvery day, technology continues to profoundly impact our lives—especially the careers of today’s college students. Further exploring the state of technology today, The Evergreen State College is hosting a lecture series on computing issues called Greeners on the Cutting Edge, focusing on Evergreen students’ roles in the future of technology.The lecture series kicked off March 31st and continues with a lecture each week until June 2nd and is a part of the ongoing PLATO Lecture Series. This series is offered every year at Evergreen by faculty who bring outside speakers to Evergreen to address computing issues that are of broad interest to the campus community.“This particular series is a celebration of Evergreen graduates who are ‘on the cutting edge’,” said Judy Cushing, computer science faculty at Evergreen and organizer of the series. “We really wanted to show current Evergreen students some possible lives after Evergreen, and demonstrate to those in the community the success of our graduates. Some, but not all, of the speakers studied computer science here at Evergreen.  All are highly successful.”Topics include software quality, the intersections between technology and social justice, and education for job skills (presented by Lynda.com co-founder and Evergreen graduate Lynda Weinman). Designer and artist Dylan Sisson will present the next lecture in the series on advances in CGI technology on April 14th.The lectures will take place every Monday of Evergreen’s spring quarter at 1:30 p.m. in Lecture Hall 1 on Evergreen’s Olympia campus. More information, including the lineup and lecture topics, can be found at http://blogs.evergreen.edu/sosw/lectures/The series is funded by software development royalties paid to the College by Control Data Corp, for John Aikin’s development (with students) of Computer Aided Instruction and is named after the influential PLATO programming language, which led to great advances in computer technology.last_img read more

Southland Conference Cancels Remaining Spring Sports Competitions and Championships

first_imgUPDATE: In a March 25 teleconference with Southland Conference athletics directors, it was determined that the March 30 date to prohibit all team activities, organized or voluntary, has been extended until further notice. The Southland’s spring sports offerings include baseball, softball, beach volleyball, men’s and women’s golf, men’s and women’s tennis, men’s and women’s outdoor track and field.  The Southland Bowling League Championship, scheduled for March 19-22, has also been cancelled. The Southland had previously announced the cancellation of all competitions through March 30, including its Men’s and Women’s Basketball Tournaments this week.  Now, in addition to the new competition and championship changes, athletic departments have also agreed to prohibit all team activities, organized or voluntary, through March 30.  Beyond that date, campus leaders will make determinations on other immediate and longer-term issues, such as team practice opportunities and other activities.  Athletic departments and Conference office staff will address future NCAA eligibility issues for current spring sports student-athletes, and other matters of importance to the membership.   Further, as with any legislative action, the Conference’s Board of Directors reserves the right to reconsider previous decisions. — Southland Strong — FRISCO, TX – The Southland Conference announced Saturday that the league will cancel all remaining spring sports competitions and championship events, effective immediately.  The decision was reached by the Conference’s presidential Board of Directors, in consultation with campus athletic directors, in full consideration of the health, safety and well-being of the league’s student-athletes, coaches, administrators, support personnel and fans on the league’s 13 campuses.  Southland members have been monitoring national, regional and local developments related to the worldwide COVID-19 (coronavirus) pandemic, and its impact on U.S. professional and collegiate sports, including Thursday’s announcement that NCAA Championship events will be cancelled through the spring.   last_img read more

FIFA research points to 3-team groups at WCup

first_img FIFA also wants to please fans and broadcasters in “major markets” by creative scheduling of kickoffs in their prime time back home rather than in the host nation. Revenue could rise almost 20 per cent to $6.5 billion, using the projected $5.5 billion income from the 2018 World Cup in Russia as a base comparison. Though organising costs would also project to rise, from around $2 billion to $2.3 billion, the potential profit would increase by $640 million, the research said. Still, FIFA cautions ahead of its ruling Council’s planned January 10 vote in Zurich that “it should not be a financial decision”. “Instead, the goal of expanding the FIFA World Cup is to further advance the vision to promote the game of football, protect its integrity and bring the game to all,” the document noted. However, it does not specify a detail that UEFA president Aleksander Ceferin asked for how the 16 extra places would be shared among six continental confederations. UEFA now has 13 qualifying slots and could be in line for 15 in a political process set to best reward Africa and Asia. FIFA acknowledges that quality of play could drop by adding 16 more of its 211 member federations. The “absolute quality” of football with high-ranked teams playing each other most often is achieved by the 32-team format being used in Russia and at the 2022 event in Qatar. FIFA said it made 10,000 tournament simulations to reach that conclusion. Keeping the 32-team format is one option, but FIFA’s research shows clear intent to change that was promised during Infantino’s election. He campaigned for a 40-team tournament that would give Europe a new quota of 14. Infantino now points to “16×3” being the most popular option. “The big, big, big majority is in favour of the 48 teams with the 16 groups of three,” the FIFA leader said after a December 7 meeting of some members in Singapore. Infantino previously promoted 48 teams with an opening playoff round involving 32. That idea failed to persuade FIFA members and commercial partners who want more certainty, less short-notice travel for fans, and a minimum of two matches per team. Expansion for the first time since 1998 is “viable without major concessions on the sporting aspects of the tournament”, FIFA insisted. The biggest change a 16×3 format could force is penalty shoot-outs after drawn group games to ensure there is a ‘winner’. That radical change to football rules, first reported by the AP, would help stop teams conspiring to arrange a favourable result in the final group game. FIFA has sent the research document to Council members and member federations who want more World Cup slots to help encourage young players and sponsors at home. CREATIVE SCHEDULING GENEVA (AP): The best and most profitable way to expand the World Cup is a 48-team tournament of 16 three-team groups, according to FIFA’s in-house research, which accepts that the current 32-nation format produces the highest quality football. The preferred format announced by FIFA President Gianni Infantino this month rates highest in a 64-page analysis of five options for the 2026 World Cup, the first when change can be made. FIFA concludes that “the 48-team (16×3) format would appear to offer the most tangible and intangible value”, in the document seen by The Associated Press (AP). With extra knockout games in a new Round of 32, the format of 80 matches each in an exclusive time slot over 32 days appeals to broadcasters and sponsors and would raise income, FIFA suggested.last_img read more

Cavaliers moving Love to center, Thompson to reserve role

first_imgMOST READ Lue has experimented with Love at center during training camp and believes the new-look lineup will create matchup problems for opposing centers as well as open the floor for LeBron James, Derrick Rose and others.“He’s a great passer,” Lue said of Love. “Fives (centers) have to get out and try to guard him on the pick and roll with LeBron and D-Rose and those guys making plays, so it’s going to be tough for those guys. We liked it.”FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogCenter Tristan Thompson will come off the bench, and newly acquired forward Jae Crowder will take Love’s former spot, Lue said. Crowder, acquired this summer in the Kyrie Irving trade, is a strong defender.Lue said he spoke to Thompson about the switch and “it was great.” Thompson started all 78 games at center for Cleveland last season. In 2016, he made just 33 starts and the Cavs went on to win the NBA title. How to help the Taal evacuees LATEST STORIES It’s too early to present Duterte’s ‘legacy’ – Lacson Mos Burger to open in Manila; teases with a pop-up DAY6 is for everybody “With Jae starting at the four, LeBron’s able to roam freely on the defensive end,” Lue said. “Jae will take the toughest matchup between the 3s and the 4s and LeBron will be able to roam and kind of quarterback our defense. Being that back line defense, talking, communicating, and also being able to pick off passes when guys are throwing bad passes. I like LeBron in that role because he’s great at being the help guy, being in the right spots at the right places, so I think it will be good for us.”For now, James is sidelined with a sprained left ankle sustained last week in practice. Lue said the three-time champion will not play in Wednesday night’s exhibition opener against Atlanta. James’ injury is not believed to be serious, and the Cavs will make sure he’s full healed before he plays.Lue said he expects James on the court at some point in the preseason. Cleveland opens the regular season on Oct. 17 against Irving and the Celtics.Sports Related Videospowered by AdSparcRead Next Jake says relationship with Shaina ‘goes beyond physical attraction’ Don’t miss out on the latest news and information. View comments OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene Nadal credits passion and overcoming injuries for success “I told him I’m one guy you don’t have to worry about,” Thompson said. “I’m a team-first guy. I understand that at the end of the day it’s about winning and if you win, we all look good — whether you come off the bench or you start. And it’s not about who starts the game, it’s about who is in the game in the fourth and who is finishing it. So, I’m not worried. The last time I came off the bench, if history repeats itself, we had a parade in June. So, I’ll take it.“I’m going to go for Sixth Man of the Year, put myself in position to do that.”Lue has more options this season after Cleveland’s roster was overhauled with Irving being traded to Boston and the additions of Rose, Crowder, Dwyane Wade, Isaiah Thomas and Jeff Green.Wade will likely be Cleveland’s backup point guard until Thomas recovers from a hip injury, but Lue said he hasn’t committed to that idea just yet.As for Crowder, Lue said his defensive presence will free up James.ADVERTISEMENT Redemption is sweet for Ginebra, Scottie Thompson Kevin Love of the Cleveland Cavaliers celebrates his basket in the first quarter against the Brooklyn Nets at the Barclays Center on January 6, 2017 in the Brooklyn borough of New York City. Elsa/Getty Images/AFPCLEVELAND— Cavaliers All-Star Kevin Love is being moved after all — from forward to center.Love, who has been the subject of trade speculation for three years in Cleveland, will be the club’s new starting center, coach Tyronn Lue announced Monday night after the team played an intra-squad scrimmage at Quicken Loans Arena.ADVERTISEMENT In ‘Jojo Rabbit,’ Comedy and Drama Collidelast_img read more