first_imgAsset managers should be held to account by pension funds over their stewardship issues at annual stewardship meetings, according to the chief responsible investment officer of Aviva Investors.Steve Waygood said there was a need to “shine a light” on the stewardship efforts of the investment management industry, and that the industry needed to be significantly more public in its disclosures on the issue.Speaking at a National Association of Pension Funds (NAPF) event on stewardship, Waygood said that, unlike a code for companies on corporate governance – which saw the matters discussed at AGMs and followed up by the capital markets – the Stewardship Code had no mechanism for holding asset managers to account.He pointed out that both Aviva Investors and Aviva published stewardship reports, but he questioned who was monitoring the data published. “How do our clients get to hold us to account for the content?” he asked. “Where is the equivalent to the AGM?”Waygood went on to recommend that an organisation, such as the NAPF, convene a stewardship AGM as a market-based mechanism for accountability, with one trustee from each of the group’s member pension funds present.He said trustees would be required to “come and vote on a series of presentations from the very biggest fund managers”.“The clients that were in the room would sequentially be able to vote on each of the chief executives of the asset managers’ presentations on the quality and breadth and depth of stewardship,” he said.“We need to shine a light on the stewardship of the investment management industry by being much more public to the end owners.”He said the debate surrounding stewardship had all too often has been “an ivory tower between the investment managers, corporate governance experts and fund managers”.Chris Hitchen, chief executive of RPMI, supported the call for pension investors to ensure asset managers were “doing the best job they can on our behalf”.However, Hitchen also said diversification of pension assets had been “overdone” in the last decade, meaning that fewer, larger stakes could be more easily monitored by pension funds.“Our goals aren’t really to match or beat indices,” he said, “they should for a long-term real return.“In that guise, holding fewer, larger investments and then having more deep relationships with the boards of our investee companies makes perfect sense.“We need to be committed owners.”last_img read more


first_imgUnder further planned changes, mothers will be able to nominate their husband or partner to take over all or part of the year’s remaining maternity leave to which they are entitled.http://www.telegraph.co.uk/men/relationships/fatherhood/10686200/New-fathers-shun-chance-to-share-maternity-leave.html The Telegraph 11 March 2014Only one in 50 new fathers currently take up the chance to share up to six months of their wife or partner’s maternity leave, figures show.Fears of damaging their career prospects and having to struggle on a lower income have deterred all but a tiny minority of fathers eligible for the extra leave, a study concludes. Under new rules championed by Nick Clegg, the Deputy Prime Minister, fathers can now request to have to 26 weeks on top of the standard fortnight’s paternity leave as long as the mother is not also taking her full allocation.center_img Research by the law firm EMW found that of the 2009,000 fathers who took the usual two weeks last year only 4,000 – or two per cent – went on to take  “additional statutory” paternity leave.last_img read more


first_imgRookie Brett McConnell from Henderson found victory lane again in the Mach-1 Sport Compacts. Bassett caught Tim Bergerson for the lead in the Saturday night main event for Karl Kustoms North­ern SportMods and led to the checkers. Vince Corbin completed a late drive to second. Eric Bassett made his first visit this season to victory lane at Arlington Raceway after winning the Saturday night Karl Kustoms Northern SportMod feature. (Photo by Sarah Moriarty) ARLINGTON, Minn. (Aug. 1) – After making his move on the 10th time around the track, Eric Bas­sett made his first trip this season to victory lane at Arlington Raceway. Once again, Cory Probst had the car to beat in the IMCA Sunoco Hobby Stock feature as he took the front spot on the second lap and was chased across the stripe by Matt Olsen. After working his way steadily to the front of the IMCA RaceSaver Sprint Car field, Bill Johnson had the lead when lap nine was scored and set sail the rest of the way. Dan Mackenthun caught pole starter Jeff McCollum and won the IMCA Sunoco Stock Car feature. Dalton Magers led the IMCA Modified feature from start to finish. Clint Hatlestad was able to get around Josh Ruby following a restart but could not catch Magers and settled for second.last_img read more


first_imgThe Kenya Union of Post-Primary Education Teachers (KUPPET) has supported the government’s plan to roll out community-based learning in conjunction with the Nyuma Kumi initiative.This comes after Education Cabinet Secretary George Magoha said that teachers will offer service lessons to learners similar to the Nyuma Kumi initiative.On Friday, the teachers’ umbrella urged its members to come up with creative ideas to engage the learners in their respective localities, estates and villages.Also Read  COVID-19: Kenya records 98 new cases, 62 recoveries, 2 deaths “Our message to teachers is simple: Even as we coordinate with the multi-sectoral agencies, don’t wait for Chiefs and Provincial Administration officials to advise you on this programme,” said KUPPET through a statement.Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153 The union said it will map the country and establish which of our members will be available for the effort.“We urge principals and headteachers who live within their school communities to help devise the clusters within which the community-based programmes will be delivered,” said KUPPET.Also Read  MOH told to vacate, fumigate schools ahead of reopeningElsewhere, KUPPET has welcomed the Government’s move to provide salaries to teachers and other workers employed by Boards of Management in public schools.“The government’s action is a direct response to appeals by KUPPET. Since the very start of the COVID-19 outbreak, the union has been at the forefront calling for a package to cushion the most vulnerable Kenyans economically,” said KUPPET.Also Read  Uhuru extends curfew ahead of his address Tuesday next week“In addition to cushioning teachers, security staff and other employees, the funds will enable schools to continue meeting their obligations for utilities including electricity, water, telephone, garbage collection and other necessities. “KUPPET further urged the government to release full capitation funds for schools to enable them to develop the infrastructure necessary for complying with COVID-19 protocols by January 2021.last_img read more


first_imgRelatedPosts Aguero could be out of action until November, Guardiola says UCL: Benfica kicked out by player who left club one week earlier + other results MultiChoice unveils sport channels, content line-up Southampton midfielder Pierre-Emile Hojbjerg has been replaced as captain by James Ward-Prowse.Hojbjerg, 24, has repeatedly been linked with a move away from the club and recently expressed a desire to play in the Champions League. The Denmark international, signed from Bayern Munich in 2016, has just over 12 months left on his contract.England midfielder Ward-Prowse will take over as captain for the remainder of the 2019-20 season.Speaking at a press conference prior to the resumption of the Premier League, Hasenhuttl said: “No, he [Hojbjerg] will not be captain.“We had an agreement, and [I] made clear that if you decide not to extend your contract, you will not be captain of this team.“He knows that he is an important player for this club. I think we have found a good agreement.” Hojbjerg has made more 100 Premier League appearances for Southampton.Tags: Pierre-Emile HojbjergRalph HassenhuttlUEFA Champions Leaguelast_img read more


first_imgAlan Pardew is expecting the Crystal Palace strikeforce to be bolstered this week, although England international Rickie Lambert will not be one of those arriving at Selhurst Park. That win propelled the south Londoners out of the relegation zone but, while understandably delighting the new manager, has not changed his plans for the January window. “We still need one or two players,” Pardew said. “That is progressing pretty good and we hope to have some news this week, which I think might help us. “We are kind of monitoring strikers. I don’t think my pool of strikers have any problem with that. They know competition is coming in. “[Glenn] Murray was terrific and I was really pleased with him and that is a boost for us, but there will be, hopefully, a striker or two arriving.” Swansea striker Bafetimbi Gomis and Arsenal’s Yaya Sanogo are amongst those being linked with a move to Selhurst Park, so too is Liverpool frontman Lambert. Pardew has made an enquiry about the man he signed from Bristol Rovers in 2009 when Southampton manager, only to be told the England international will not be leaving Anfield. “I did have a conversation with Brendan [Rodgers], but I don’t think that Rickie is going anywhere,” he said. “I think that Rickie wants to stay there and try and win his position. I have no doubt that he can do that.” Press Association Jermain Defoe is another to have been heavily linked with Palace, with bookmakers going as far as to suspend the betting on him joining from Toronto FC. “Personally, no [I have not enquired about him] but I know Jermain from my West Ham days and I know what he can do,” Pardew said. “It will be interesting to see if he comes on the market and if he pitches in. He will probably have a couple of choices, I should think.” Pardew, like predecessor Neil Warnock, knows how important it is to swell the striking options at his disposal. Frazier Campbell, Marouane Chamakh, Kevin Doyle, Gayle and Murray have scored just seven league goals between them this term, although the latter looks set to become an important figure under Pardew. Murray’s Palace future had looked bleak but, having spent much of the season on loan at Reading, made his first Premier League start of the campaign against Spurs, producing a performance which impressed Pardew. “I thought he was terrific and he has done himself no harm,” he said. “I think he is a good guy. I would be reluctant to let him go back out on loan. I think he might be important until the end of the year. “He has just that bit of experience and it might have suited him to do the last 20 minutes – when the chance come you know that he has that authority to finish it, so, no, I don’t think [signing an experienced striker] is necessary.” Having ended a turbulent four-year spell at Newcastle to take the reins in south London, the former Eagles midfielder enjoyed a dream return to his old stomping ground on Saturday. Pardew’s first Premier League match at the helm saw Palace defeat high-flying Tottenham 2-1 at Selhurst Park, ending an eight-match wait for a top-flight victory, stretching back to November 23. last_img read more


first_img Defoe could not believe referee Chris Foy pointed for a corner rather than a spot-kick in what proved a rare attacking moment for Gus Poyet’s men. Sunderland goalkeeper Pantilimon was doing well to keep his side in the game, producing a smart save to deny a low Eriksen strike before using his giant frame to thwart Roberto Soldado. The Romanian bettered those saves when denying a wonderful, goalbound strike from Eriksen, although when Fletcher inexplicably failed score an open goal it looked like the visitors would fail to capitalise. His blushes would be saved, though, as Vertonghen gave away what proved to be a costly free-kick. The centre-back was booked for foolishly scything down Defoe, who looked to have been in an offside position at the start of the move, allowing Larsson to curl home a wonderful equaliser from 25 yards. Spurs desperately tried to regain their lead, which they came close to doing in first-half stoppage time when Harry Kane struck the post. Spurs resumed play in the ascendancy, with Eriksen producing some wonderful skill on the edge of the box before sending a half volley across the face of goal. Nacer Chadli and Kane had efforts blocked as the home side pushed for a goal, with Emmanuel Adebayor brought on in a bid to change the dynamics of the game. It was the Togo striker’s first appearance since November 9 and his introduction in place of Soldado was met by boos from a smattering of Spurs fans. Kane struck wide as Spurs continued to press, with Sunderland’s only noteworthy opportunity a powerful Defoe strike stopped by a timely Eric Dier tackle. The Sunderland new boy was replaced by Graham as the visitors looked for a spark, although Spurs were still on top. Andros Townsend, Danny Rose and Kane were threatening, while at the other end Graham wasted a wonderful chance for a goal after Lloris failed to hold onto Adam Johnson’s initial strike. It was a let-off the hosts made the most of. Townsend squared the ball along the edge of the 18-yard box and Eriksen struck a low effort off the inside of the post to send White Hart Lane into raptures. Lloris again thwarted Graham in stoppage time, producing a fine save, before Vertonghen scored his second on the break – only for it to be ruled out for offside. Mauricio Pochettino’s side had looked like they would be frustrated as wayward finishing and an impressive display from Costel Pantilimon saw them struggle to add to Jan Vertonghen’s early strike, which came via a large deflection off John O’Shea. The Belgium international was soon back at the heart of the action, hacking down Defoe to give former Arsenal midfielder Sebastian Larsson the chance to curl home a wonderful equaliser. That was Defoe’s most telling contribution, as he failed to make Sunderland the sixth club with whom he marked his league debut with a goal. The man who replaced him in the second half, Danny Graham, was twice denied Hugo Lloris – chances which came either side of the match-winning 88th-minute strike by Eriksen. It was a frantic end to a match which saw a goal inside three minutes. A poor Sunderland clearance saw the ball fall kindly for Vertonghen, who showed good feet to make himself space for a strike which found the back of the net following a large deflection off O’Shea. The Belgium international celebrated the opening goal with a Superman pose – although moments later he was very nearly the villain. Steven Fletcher produced a lovely flick into the path of Defoe and the Sunderland new boy turned into Vertonghen, hitting the deck inside the penalty area. Jermain Defoe was unable to continue his remarkable run of marking club debuts with a goal as Sunderland suffered a last-gasp defeat at former club Tottenham. Just 11 months after leaving White Hart Lane for Toronto FC, the 32-year-old returned to his old stomping ground after completing a move to the north-east strugglers on the eve of this match. Defoe received a warm reception in north London but left frustrated, with Christian Eriksen’s late strike – his third in as many games against Sunderland – securing Spurs a 2-1 win in the dying minutes. Press Associationlast_img read more


first_imgWednesday’s meeting at Listowel looks like going ahead after the County Kerry track passed a course inspection this afternoon. The first of eight races is due off at 2.10pm. Monday and Tuesday’s meetings were both lost due to waterlogging but Wednesday’s card, featuring the biggest race of the seven-day Harvest Festival, the Guinness Kerry National, is now set to beat the weather after the course was declared fit for racing by Irish Turf Club officials. The going is described as heavy and the situation will continue to be monitored. center_img Press Associationlast_img read more


first_imgBy Gary SmeeNOTTS Outlaws won their first domestic 20-over title with a 22-run victory over Birmingham Bears in the T20 Blast final at Edgbaston.A magnificent 132-run stand between Brendan Taylor (65) and Samit Patel (64 not out) propelled Notts to 190-4 after they had slumped to 30-3 early on.Harry Gurney’s 4-17 restricted the Bears to 168-8, despite Sam Hain’s 72.Notts now hold both domestic limited-overs trophies after their One-Day Cup success at Lord’s in July.And Peter Moores’ side are well-placed to complete a treble-winning season by claiming the Division Two title in the County Championship.The Outlaws’ chances in the final looked bleak after they lost their top order cheaply, including England opener Alex Hales for a second low score of the day – bowled by international team-mate Chris Woakes (3-29).Woakes also removed Tom Moores and Riki Wessels to leave Notts reeling, before an excellent recovery.Once former Zimbabwe international Taylor, 31, and all-rounder Patel, 32, settled in they turned the final in Notts’ favour.Patel was the more destructive batsman, smashing four sixes in his 42-ball knock, while Taylor used a mix of deft touches, reverse sweeps and pure timing to find the boundary nine times.Patel’s innings was one of high class under the most extreme pressure – he used his feet superbly against a fine bowling attack to clear his front leg out of the way and hit regular boundaries.Taylor fell at the start of the 19th over, but Outlaws captain Dan Christian finished the innings in style with 24 off eight balls, including 23 off paceman Olly Stone’s final over.Birmingham Bears transformed their T20 top-order halfway through the competition – bringing in youngsters Dominic Sibley from Surrey, Adam Hose from Hampshire and Ed Pollock from university cricket.Pollock shone in their semi-final win over Glamorgan, with 50 off 27 balls, but this time he managed only 14 before being brilliantly run out by Patel.And it was only 22-year-old Hain, their leading run scorer in the competition, who produced in the final with some wonderful straight hitting into the stands.All-rounder Aaron Thomason, 20, provided some lusty blows in his brisk innings of 26, but Notts’ experienced seam attack held their nerve.(bbc)last_img read more


first_imgSCOTIABANK has renewed its sponsorship of the Rose Hall Town Youth and Sports Club (RHTYSC). Scotiabank and the RHTYSC established the highly successful relationship in 2009, and the sponsorship package for 2018 is worth $875 000.Club Secretary/CEO Hilbert Foster, who received the sponsorship from Marketing Executive of the Bank, Jennifer Cipriani, disclosed that it covers sponsorships for the RHTYSC’s fourth Annual Children’s Mash Parade, Inter-School Essay Competition, Tribute to Teachers Programme, purchasing of cricket balls for cricket development programme and co-sponsorship of the Club’s Annual Youth Review Magazine and Annual Awards Ceremony.Outstanding teachers drawn from ten schools in the Lower Corentyne area would be honoured under the Scotiabank’s ‘Tribute to Outstanding Teachers’ Programme, while the same schools would be involved in the Mash Parade scheduled for February 23.The main objectives of the Parade are to promote the importance of Education, Culture, and Sport to promote social cohesion among residents.$100 000 worth of cricket balls would be purchased towards a planned comprehensive cricket development programme, while the practice equipment would be used on a weekly basis by the Club’s King Solomon Logistics Under-12 team, based at the Rose Hall Town Primary School.Another $100 000 worth of trophies and medals will go towards the 28th Annual Awards Ceremony which would be held on the April 16.A total of 40 RHTYSC members would receive $2.5M worth of trophies, medals and prizes, while assistance would be provided to over 20 NGOs, schools and sport clubs based in Berbice.The long-serving Secretary/CEO noted that the Scotiabank Mash Parade would be organised by the 10 cricket teams of the RHTYSC and a total of 700 students are expected to participate.Foster hailed the relationship between the Club and Scotiabank as extra special and stated that the RHTYSC was considered the best in Guyana because of the support of institutions like Scotiabank.He assured that all the programmes under the sponsorship would be properly organised and most importantly would achieve all of the objectives.Cipriani, in brief response, stated that the sponsorship was indicative of the Bank’s confidence in the administration of the RHTYSC. She stated that the Bank was delighted to be on board for the last ten years and was very proud of the Club’s records of achievements and hard work.All RHTYSC activities, she stated, were not only well organised but that the Bank was satisfied that its funds were well spent. She expressed confidence that the relationship would continue well into the future.last_img read more