Veritas makes 7.4% investment return, but contributions fall

first_imgNiina Bergring, CIO, said: “We are very pleased with the result, considering the market situation.”Fixed income performance had lowered the overall result, she said, with the asset class ending with a return of just 1.5%.Property investments, which the company said were traditionally strong within its portfolio, returned 5.9%.Total contributions fell by 1.2% to €452.8m from €458.2m, while pensions and other benefits paid out rose 7.3% to €432m.Veritas blamed the fall in contributions partly on payroll developments, with pension client numbers declining, and partly on the fact more corporate clients had failed this year to make their scheduled contributions.Managing director Jan-Erik Stenman said he was not surprised by the slide in contributions.“We are now seeing the aftermath of the general economic situation,” he said.“In the course of 2013, the impact of globalisation hit our customers – small and medium-sized enterprises – which had hitherto perhaps fared better than large companies in the current economic situation.”Over the year, Veritas lost 1.8% of employees as clients, or 53,339 workers.Total investment assets rose to €2.4bn, up €170m from a year earlier.Solvency capital increased during the year to end at 27.8% of technical provisions from 24.1% a year before, Veritas said, adding that this meant solvency capital was 2.1 times the solvency limit. Finland’s Veritas produced a 7.4% return on investments in 2013, but saw contributions fall by 1.2% as globalisation effects hit small and medium-sized enterprises (SMEs) in the country.Reporting preliminary results for last year, Veritas said it was the positive trend in equity markets that boosted investment returns, particularly at the end of the year.The 2013 investment return was helped by listed equities, which generated the pension insurer’s highest returns at 18.3%.However, the overall return was down from last year, when investments ended the year with a profit of 11.3%.last_img read more

Burnley down and Hull set to follow

first_img Results elsewhere conspired to doom the Clarets, who had gone into the KC Stadium clash knowing they needed a win to stand any chance of staying up, and that even that might not be enough. Sean Dyche’s men kept their side of the bargain with a gutsy display capped by Ings’ 62nd-minute strike which ended a run of more than 10 hours without a goal. Press Association Danny Ings’ second-half winner was not enough to save Burnley from relegation out of the Barclays Premier League – and opponents Hull are now favourites to follow after this perilous defeat. Brady himself had his first chance to become Hull’s hero in the 37th minute when he clattered the top of Tom Heaton’s bar with the first of his free-kicks. Burnley boss Sean Dyche clearly took the decision to start to stretch the game at the start of the second half – although the way other results stood at the interval, even a winner would not have been enough to save them. Ashley Barnes sent an overhead free-kick crawling just wide of Steve Harper’s right-hand post and Matt Taylor also came close before the visitors had a penalty appeal turned down when Ings tumbled under McShane’s challenge in the box. Hull boss Steve Bruce threw on Nikica Jelavic on the hour and played three up front but two minutes later Burnley snatched a shock opener when the home defence failed to deal with Ben Mee’s ball into the box and Ings rifled home. Hernandez, introduced moments earlier for the ineffective Sone Aluko, came close with a neat back-heel which was held well by Heaton then Brady rattled the bar for the second time from a long-range free-kick. Bruce’s side launched a series of increasingly desperate attacks as the minutes ticked by but the Tigers were frustrated and will now have everything to do in their last two games if they are to avoid joining their opponents in relegation to the Championship. But it proved a dismal afternoon for the Tigers, who now look in serious danger of joining Burnley in the Championship as they languish in the drop zone with games against Tottenham and Manchester United to come. Robbie Brady twice slammed the woodwork from long-range free-kicks and substitute Abel Hernandez came close with a back-heel but the Tigers’ performance lacked the buzz with which they had set about beating Liverpool less than two weeks ago. Knowledge of Sunderland’s lunchtime win at Everton – which ensured Hull would start the game in the drop zone – can hardly have helped the atmosphere of tension as Steve Bruce’s side were largely frustrated during a tight first half. The visitors, for whom the mathematics of survival meant a win was the very least they required, were roared on by a defiant contingent of travelling fans but they too appeared short on ideas. Despite Stephen Quinn’s third-minute cross narrowly evading Ahmed Elmohamady in front of goal, most of City’s early play lacked the necessary sharpness. James Chester had to be alert to deny Ings a shooting opportunity after a clever through-ball from Ashley Barnes, but the Clarets showed few signs of grabbing the goal they needed to prolong their survival fight. Brady consistently posed problems down the left and in the 19th minute he got behind the Burnley defence and sent in a low cross which was cleared off the line by Jason Shackell. As the half went on Hull gained the ascendency, with Elmohamady heading just over from a Brady cross and Paul McShane also inches away with a header from a Brady corner from the left. last_img read more

Belingon gets ONE title rematch vs Fernandes in Singapore

first_imgSports Related Videospowered by AdSparcRead Next Allen Durham still determined to help Meralco win 1st PBA title Phivolcs: Slim probability of Taal Volcano caldera eruption View comments Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew 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 Nadine Lustre’s phone stolen in Brazil Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Gov’t to employ 6,000 displaced by Taal Don’t miss out on the latest news and information. Tim Cone, Ginebra set their sights on elusive All-Filipino crown In the main event, ONE Women’s Strawweight champion Xiong Jin Nan will defend her title against a tough-as-nails ONE Atomweight titlist Angela Lee.“With the two stars being feared finishers, I don’t expect this bout to go the distance,” Sityodtong also said.The full fight card has yet to be announced.ADVERTISEMENT Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Pogba scores 2 in Man United’s 3-0 win at Young Boys MOST READ LATEST STORIES Japeth Aguilar embraces role, gets rewarded with Finals MVP plum Kevin Belingon. Photo by Tristan Tamayo/INQUIRER.netJAKARTA—Kevin Belingon gets his shot to unify the ONE Bantamweight World championship with a rematch against reigning titleholder Bibiano Fernandes set for November 9 in Singapore.Bellingon of Team Lakay is coming off a massive victory over two-division champion Kevin Nguyen last July, where he issued a challenge to Fernandes who was sitting at ringside at Mall of Asia Arena.ADVERTISEMENT The highly-anticipated bout is the co-main event of the ONE: Heart of Lion at Singapore Indoor Stadium.“It’s going to be an awesome matchup that fans will surely not want to miss, said Chatri Sityodtong, chairman and CEO of ONE Championship.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissThe last time these two fighters met in January 2016, Belingon bowed to Bibianes in a submission loss in the first round.But he Ifugao native has been on a mean streak having won six of his last bouts.last_img read more

AFC extends condolences to City Councillor’s family

first_imgThe Alliance For Change (AFC) has extended its condolences to the family and colleagues of the late Councillor Junior Garrett.The party has particularly extended its deepest condolences to the A Partnership for National Unity (APNU) and the People’s National Congress (PNC) whom Garrett represented at the Georgetown municipal council.In a statement released on Sunday, the party noted that it stood in solidarity with its coalition political colleagues at this difficult time of mourning. The AFC also praised the contributions of Councillor Garrett and his professional work as a respected accountant.Councillor Garrett on Friday last collapsed and died at his place of business located at Urquhart Street, Georgetown. He had just returned from a meeting with fellow council members. The 64-year-old man was heralded for his professionalism and skill; he leaves to mourn seven children.last_img read more

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first_img Your browser does not support the audio element. In February, Gresham told SiriusXM NFL Radio his heart was in Cincinnati and he hoped to return, but understood at the time it was possible he would not. Just less than nine months later, he said he’s not necessarily disappointed with how things worked out.“I think everything worked out well,” he said. “They got what they wanted, next guy up with Tyler (Eifert) and everything. It’s a business and I understand that part of it so I can’t be mad about it. They gave me the opportunity to feed my family for five years, and feed them well, and I have no regrets about it.”That’s not to say Gresham isn’t hoping to put together a big game Sunday against the team that, in no specific terms, cast him aside. Of course he would like to play well and get a win, perhaps showing the Bengals what they’re missing out on.“But I don’t want to look too much into it or make anything personal about it, you know,” he said.No doubt Gresham will get a chance to make an impact Sunday, though how many chances or in what way he could step up remains to be seen. Although he’s seen an uptick in usage over the last few games, he’s still on pace for some career-lows with 13 catches for 158 yards and one touchdown on the season. That one touchdown was one of the biggest of the season; it helped the Cardinals regain the lead in the fourth quarter of last Sunday’s 39-32 victory over the Seattle Seahawks. Derrick Hall satisfied with D-backs’ buying and selling LISTEN: Jermaine Gresham, Cardinals’ Tight End “Any time you play a team where you spent some time, and especially for as much time as I spent there, it’s not just another game,” he said. “I’m solely focused on this and we’re solely focused on this. There’s obviously a little bit extra on it, but it’s a big game for us, it’s a big game for them and I’m very focused on my job.”Cardinals coach Bruce Arians was asked if it’s natural for someone in Palmer’s shoes to have a little more emotion entering a game like this.“I think if it was the next year, you know? He’s already been through that with the Raiders and having played them and done all that stuff. So I think it is long history,” he said. “Everybody wanted to think I was going back to Pittsburgh for the first time and it’s not about that anymore. It’s about the game this week. I think there are some story lines that people are trying to write, but I don’t think he has any.”Indeed, just as Arians had coached against the Steelers before leading the Cardinals into Pittsburgh last month, Palmer has already faced off against the Bengals, completing 19-of-34 passes for 146 yards with one touchdown and one interception in a 2012 loss while with the Oakland Raiders. So maybe the game won’t be as big a deal to Palmer. But Arians did say it may be a bigger deal if this was Palmer’s first year since playing in Cincinnati and first time taking the field against the Bengals. While that is not the case for the QB, it is the exact situation tight end Jermaine Gresham finds himself in.The 27-year-old spent the first five seasons of his career in Cincinnati, catching 280 passes for 2,722 yards and 24 touchdowns while reaching two Pro Bowls. He signed a one-year contract with the Cardinals in July and is looking forward to the game.“It’s going to be fun,” he told Burns and Gambo on Arizona Sports 98.7 FM Wednesday. “Just seeing some of the people that I spent so much time with in the past five years. It’s going to be good to see them.“I’m just going to just cherish the moment and just have fun with it. Seeing those guys every day in practice, actually getting a chance to compete against them, I’m just going to have fun with it.”While Palmer’s exit from Cincinnati was rather messy — more on that can be read here — Gresham’s was rather uneventful. His original five-year contract with the team expired, and they chose not to bring him back. Former Cardinals kicker Phil Dawson retires The catch showed what Gresham is still capable of, even if the Cardinals do not call on him as often as the Bengals used to. He said he’s not greedy and not worried about how many passes get thrown his way. His focus remains on doing whatever the coaches ask of him and winning football games.He has, and the team is.“A lot of it is what coverages they play and where the ball goes,” Arians said of Gresham being integrated more into the offense. “We do not traditionally throw it to the tight ends. We pay Larry (Fitzgerald) and those guys too much money to throw it to the tight ends.“They’re here to block, but he is a very capable receiver when he gets his opportunities, which they’re starting to grow. He’s played well.”center_img Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo 0 Comments   Share   Arizona Cardinals tight end Jermaine Gresham holds the football behind his back as a television camera records his celebration after his touchdown reception against the Seattle Seahawks during the second half of an NFL football game, Sunday, Nov. 15, 2015, in Seattle. (AP Photo/Elaine Thompson) One of the angles that has unsurprisingly come out of this week, in which the Arizona Cardinals host the Cincinnati Bengals, is of Cards QB Carson Palmer facing off against his former team.Palmer was chosen first overall in the 2003 draft by the Bengals and played seven years for the organization before forcing a trade during the 2011 season.Wednesday, Palmer admitted to the media that Sunday’s tilt has added significance. Grace expects Greinke trade to have emotional impactlast_img read more