Ilmarinen to take on OP Group’s €1.1bn pension scheme

first_imgThe final decision on the transfer is to be made in July, in which case it would take place by the end of 2018. Ilmarinen, one of Finland’s two largest pension insurance companies, has won the first stage of a major deal to manage the statutory earnings-related pension scheme for OP Financial Group.The decision came at the end of a competitive bidding process in which the country’s biggest pension insurers were invited to bid, said OP Financial Group. The company is one of the country’s main banking groups.In a stock exchange announcement yesterday the group said it had decided to start talks to transfer the management of its pension liability, worth around €1.1bn, to Ilmarinen.Harri Luhtala, chief financial officer of OP Financial Group, said the investment environment was “unusually favourable” for the transfer. Harri Luhtala, chief financial officer, OP Financial Group“Based on the initial plan, the remaining pension liability would be transferred to Ilmarinen at a later date, but no earlier than at the end of 2020,” the group said in its announcement. If the transfer were to be carried out, Luhtala said it would strengthen the entire OP Financial Group’s capital base and reduce its volatility.The pension insurance portfolio under discussion accounts for roughly 90% of the company’s total pension liability.The transfer is subject to approval by the pension fund’s board of trustees and representative assembly, the pension insurance company, and regulators.Ilmarinen was not immediately available for comment.Since Ilmarinen’s merger with the smaller pension insurance firm Etera at the beginning of this year, it has closely rivalled fellow insurer Varma in the Finnish ranking in terms of assets under management – although Ilmarinen has a much larger customer base.At the end of the first quarter, Varma reported €45.7bn in investment assets while Ilmarinen had €46.1bn.In March, Ilmarinen’s chief executive Timo Ritakallio become the new president and group executive chairman of OP Group.last_img read more

Mourinho hails Man Utd for silencing Anfield

first_img“We didn’t play as well as we could have played,” said the German, whose side host West Bromwich Albion on Saturday in their next league game.“We started OK and immediately with their defending we weren’t brave anymore. We didn’t wait for the right pass.“They didn’t create chances, maybe two in the second half, and De Gea made two or three great saves, but in the end our performance was not what it should be. It is a first clean sheet, so yippee.“We weren’t calm enough. That is not the way we want to play, but I accept it. We got a point. There are worse things in the world.” “This is a point that stopped them winning three. Other candidates for the title have easier fixtures at the moment and it is important to keep close to them.“Our opportunity to get five wins in a row will come.”Despite seeing 65 percent of possession, Liverpool mustered only three attempts on target that saw Roberto Firmino, Emre Can and Philippe Coutinho denied by United goalkeeper David de Gea.But with his side just two points behind Manchester City and second-place Arsenal in the table, Liverpool manager Jurgen Klopp tried to put things in perspective. “The reaction from their crowd was permanent disappointment. People expected us to come here and be really in trouble, which we were not.”He added: “If you analyse the game, you see the reason why we did it, playing (Ashley) Young and (Marouane) Fellaini.“We had control of the game. There were two amazing saves by David de Gea, it’s true, but they were out of context. Share on: WhatsApp Goalkeeper David de GeaLiverpool, United Kingdom | AFP | Manchester United manager Jose Mourinho praised his team for subduing Anfield after they held in-form Liverpool to a dour 0-0 draw in the Premier League on Monday.United have won only one of their last five league games and remain seventh in the league, three points below fourth-place Liverpool and five points off leaders Manchester City.But having thwarted Liverpool’s ambitions of registering a sixth successive win, Mourinho hailed his side’s performance.“We controlled the game, not just tactically, but the emotion of the game,” Mourinho told Sky Sports.“That was probably the quietest Anfield I had and I was expecting it to be the other way. I think was a positive performance.last_img read more


first_imgGARY STEVENS, FIRING LINE, SECOND: “I was disappointed. I saw that Martin was asking his horse and he wasn’t getting any response and I was sitting there with a lot of horse. I thought I would never say I moved too early at the eighth pole in a dirt race, but I moved too early. At the three-eighths, I saw Dortmund wasn’t responding and I was smiling. I said we’ll see what he does and we were opening up and he (Dortmund) was idling. I thought we buried the one we had to beat, then I saw the shadow coming back at me.”TRAINER QUOTES JOCKEY QUOTES KALEEM SHAH, OWNER OF DORTMUND: “We thought it was a two=-horse race going in and that’s what happened. Arnold Zetcher (owner of runner-up Firing Line) is a very good friend. It was very tough, but it’s the Red, White and Blue (stable colors) that got my horse through. We’ll probably run in the San Felipe (Grade I, 1 1/16 miles on March 7 next).” BOB BAFFERT, DORTMUND, WINNER: “He was pretty sharp today. In the paddock, he was pretty sharp and I knew he was going to want to go. I had this race penciled in and I wanted him to run well so maybe I could skip other races and wait for the Santa Anita Derby ($1 million, Grade I, 1 1/8 miles on April 4).“Turning for home when that horse (Firing Line) came up on him, for an instant I felt like Bill Belichick of the Patriots. I thought, ‘Oh, man, that’s too bad.’ It looked like that horse was going to go by him, but then he’s such a fighter, he just kicked in. You really don’t know about these horses until you put them in that scenario, and that’s twice now that he just fought and came on to win like that. That was him. When they opened up on the field, I said it was a match race now. Firing Line is a really nice horse.“It was exciting, because I thought we were beat, and when he came back like it made me really appreciate it a lot more. It makes it sweeter because going in I thought he was the best horse, then that horse went by him and I thought maybe he’s not as good as I thought. This was a point when you find out, ‘Shall I stay on the bus or get off at the stop.’“It was a great horse race and I’m just fortunate I was on the winning end. Silver Charm, he was a fighter and fought really hard like that. It was good to win this race for Beverly Lewis, who is here today.” NOTES: The winning owner is Kaleem Shah of San Diego. This is Baffert’s fifth Lewis win. The others: General Challenge (1999); Domestic Dispute (2003); Pioneerof the Nile (2009); and Flashback (2013). Kentucky Derby qualifying points are: 10 to the winner, four to the second horse, two to the third, and one to the fourth.-30- SIMON CALLAGHAN, FIRING LINE, SECOND: “It was Gary’s view that he moved a little early. All we know is he ran a very good race. They (Dortmund and Firing Line) pulled a long way clear. It’s disappointing not to win.”(Did you think you had it?) “I did. Gary came back and the first thing he said is I’d ride him a little differently next time . . . These things are always easy after the event and the horse is still learning. I think one thing for sure is he’s a very good horse and he got beat by a very good one. These are two very good horses.” MARTIN GARCIA, DORTMUND, WINNER: “He’s a really good horse. He’s just a big baby; he’s still learning. I broke sharp and I put myself in a good position. When I asked him to go he started moving slowly. It looked like Firing Line went by me but in the end, when I asked him, my horse started coming back. Firing Line gave us pressure but my horse just took off again.”last_img read more

Fire crews attend Carndonagh barn blaze

first_imgThere were dramatic scenes in Carndonagh this afternoon after a fire broke out in a barn.Large plumes of smoke were seen from across the town as the fire tore through the shed, which is located behind buildings near at Pound Street. Local reports say that the fire broke out at approximately 1pm.Fire services from Carndonagh attended the scene and quickly brought the blaze under control. No injuries were reported from the fire. However, the barn was extensively damaged.See footage from the incident by VIDEOTEK MEDIA PRODUCTIONS here: Fire crews attend Carndonagh barn blaze was last modified: October 2nd, 2019 by Rachel McLaughlinShare 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)last_img read more

a month agoNuno disappointed with Wolves wastefulness for Braga defeat

first_imgNuno disappointed with Wolves wastefulness for Braga defeatby Paul Vegasa month agoSend to a friendShare the loveNuno was disappointed in Wolves’ wastefulness in the 1-0 loss to Braga on Thursday night.Patrick Cutrone, Ruben Neves and Willy Boly all had chances to opening the scoring for the hosts, but it was ultimately Ricardo Horta’s 72nd-minute strike that sealed a win for the Portuguese club.”We are all disappointed. It was a tough game, but I think we did enough,” Nuno said.”We did not perform perfectly, but we created many chances.”Braga had one chance, were very organised, and they scored.”That is the story of the game.”The boys worked hard, but that is football.” About the authorPaul VegasShare the loveHave your saylast_img

Report on Regional Health Authorities Review Being Finalised

first_imgStory Highlights The Ministry of Health is in the process of finalising a report from a review of the four regional health authorities, which will be the subject of stakeholder consultations during the 2018/19 fiscal year. The review, which was led by a team from the Pan American Health Organization (PAHO), looked at the authorities’ structure and performance, and proposes specific reforms which will be pivotal to the Government’s strategic plan for the public health sector. Dr. Tufton said the strategic plan is aimed at advancing the sector over the next 10 to 30 years through the completion of a number of critical supporting studies and reports that address several key areas. The Ministry of Health is in the process of finalising a report from a review of the four regional health authorities, which will be the subject of stakeholder consultations during the 2018/19 fiscal year.The review, which was led by a team from the Pan American Health Organization (PAHO), looked at the authorities’ structure and performance, and proposes specific reforms which will be pivotal to the Government’s strategic plan for the public health sector.This was announced by Portfolio Minister, Dr. the Hon. Christopher Tufton, during his 2018/19 Sectoral Debate presentation in the House of Representatives on Tuesday (June 5).Dr. Tufton said the strategic plan is aimed at advancing the sector over the next 10 to 30 years through the completion of a number of critical supporting studies and reports that address several key areas.Another component of the plan, the Minister informed, is the commissioning of a needs assessment study for five hospitals, which is being conducted by the United Nations Office for Project Services (UNOPS).The beneficiary institutions are the Spanish Town, May Pen, Mandeville, St. Ann’s Bay and Kingston Public hospitals.The study will provide recommendations for the facilities’ upgrading and/or expansion to determine how best the healthcare infrastructure can be networked and overhauled to address future challenges.“These studies will… make a determination as to how we operate (in terms of, for example) where we add beds and operating theatres in order to optimise the infrastructure that is available. We are deficient now, and this will add some value to that process. These (studies) are going to be critical to the (strategic) plan, and we are hoping that by mid-year, we will have the framework of that plan,” he stated.Dr. Tufton advised further that a report on the status of the sector’s information systems has also been completed. The document, which was facilitated under a technical cooperation agreement with the PAHO/World Health Organization (WHO), will form part of the strategic plan.Meanwhile, a road map for healthcare financing has been established and a report on the status of the national health insurance scheme, in this regard, is being completed. The report is expected to be ready within two months.last_img read more

Former Ohio State football players one step closer to NFL after draft

Senior running back Carlos Hyde (34) walks of the field during a game against Illinois Nov. 16 at Memorial Stadium. OSU won, 60-35.Credit: Ritika Shah / Asst. photo editorLives have changed  forever for 256 players as they were selected in the 2014 NFL Draft.Six of those players are former Ohio State Buckeyes.The first former Buckeye taken off the board was linebacker Ryan Shazier, who was selected 15th overall by the Pittsburgh Steelers in the first round Thursday night. He became the ninth former OSU linebacker and 68th Buckeye ever taken in the first round.Shazier, who was a first-team Associated Press All-American in his final season at OSU, totaled a Big Ten conference-high with 143 tackles to go along with six sacks.Cornerback Bradley Roby, who joined Shazier as one of 30 prospects invited to New York for the draft, was selected by the Denver Broncos with the 31st overall pick in the first round.Roby became the first OSU defensive back taken in the first round of the draft since Malcolm Jenkins was selected by the New Orleans Saints with the 14th overall pick in 2009.The Broncos, who dropped Super Bowl XLVIII 43-8 to the Seattle Seahawks on Feb. 2, have since bolstered their secondary by not only drafting Roby, but also signing former New England Patriots cornerback Aqib Talib to a six-year, $57 million contract in March.Just as they did in the first round, the Buckeyes produced two picks in the second round, as running back Carlos Hyde and offensive lineman Jack Mewhort came off the board.Hyde was selected 57th overall by the San Francisco 49ers, who are coached by former University of Michigan quarterback Jim Harbaugh.The former Buckeye running back became the first 1,000-yard rusher under OSU coach Urban Meyer and was named the Big Ten Ameche-Dayne Running Back of the Year in 2013. Hyde finished his senior campaign with 1,521 yards and 15 touchdowns on the ground.Mewhort was selected just two picks later with the 59th overall pick by the Indianapolis Colts.The selection of Mewhort marked the third straight year that an OSU tackle has been selected in the draft, following in the footsteps of Reid Fragel – drafted by the Cincinnati Bengals in 2013 – and Mike Adams, who the Pittsburgh Steelers selected in 2012.Mewhort was a three-year starter in his time as a Buckeye and was named a first-team All-American by during his senior season in 2013.Another Buckeye was not taken until the fifth round when center Corey Linsley was selected 161st overall by the Green Bay Packers.Linsley anchored an offensive line that ranked fifth nationally in 2013 in rushing, averaging 308.6 yards per game and breaking school records for points in a single season with 637, as well as touchdowns scored with 87.Linsley graduated from OSU with a degree in economics in December.Rounding out the former Buckeyes selected in the 2014 draft was safety Christian Bryant, who was selected 241st overall in the seventh round by the St. Louis Rams.Bryant, who was named a team captain prior to the 2013 season, suffered a season-ending ankle injury during the fifth game of the year against Wisconsin Sept. 28., a game won by OSU 31-24. At the time of the injury, Bryant ranked third on the team in tackles with 22.Bryant, who was a three-year starter for the Buckeyes, finished his OSU career with 171 total tackles to go along with two interceptions, 23 pass breakups and three forced fumbles.The Buckeye safety petitioned the NCAA for a medical redshirt in January, but was turned down and entered the draft.Although six Buckeyes were drafted to NFL rosters, several draft-eligible players were not selected during the draft.According to multiple reports, many of the former Buckeyes not drafted have found homes in free agency.Some of the players signing in free agency took to Twitter to announce their new teams, one of them being wide receiver Corey “Philly” Brown who announced his signing with the Carolina Panthers saying, “Here I come Carolina,” via his personal account @phillybrown10. Reportedly joining him in Carolina will be offensive lineman Andrew Norwell.Offensive lineman Marcus Hall confirmed with  The Lantern Sunday in an email that he has signed with the Indianapolis Colts, which reunites him with Mewhort.  Safety C.J. Barnett’s signing with the New York Giants was confirmed via Twitter by his signing agency IFA.Kicker Drew Basil also took to Twitter late Saturday night announcing he has signed with the Atlanta Falcons. Wide receiver Chris Fields also used social media to announce an agreement with the Washington Redskins.Running back Jordan Hall has earned a tryout with the Steelers according to multiple reports and quarterback Kenny Guiton remains unsigned as of Sunday morning. read more

Mbappe on winning the Ballon dOr I couldnt care less

first_imgUnlike Cristiano Ronaldo and Lionel Messi, the young rising star in Kylian Mbappe “couldn’t care less” about the Ballon d’Or award following a brilliant World Cup campaignThe 19-year-old is being tipped as a dark horse to put an end to Ronaldo and Messi’s dominance of the highly-coveted award this year and may well in with a shot, depending on the final outcome of France’s World Cup campaign.Mbappe’s meteoric rise in the football world has been undeniable following his standout performances at Russia, which even left a five-time Ballon d’Or winner in Messi in the shadows after the Paris Saint-Germain inspired France to a 4-3 over Argentina in the last-16.While many had expected his illustrious PSG teammate Neymar to be the one to end Ronaldo and Messi’s decade-long dominance of the Ballon d’Or, it appears that it could be Mbappe instead.But it winning the historic award, that has been awarded to greats like Michel Platini and Marco van Basten since it was introduced in 1958, is something that doesn’t seem so appealing to the young man.Franck Ribery, FiorentinaFiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.“I couldn’t care less about that,” he told TF1, via Express.“I want the World Cup. I want to sleep with it.“I wasn’t born in 1998, so I have never seen people on the Champs-Elysees celebrating.Mbappe has been linked with a move to Real Madrid to replace Ronaldo after his exit to Juventus on Tuesday.last_img read more

Official Sampaoli leaves Argentina

first_imgThe Argentine Football Association (AFA) have confirmed that head coach Jorge Sampaoli has vacated his post following Argentina’s disappointing World Cup campaignAfter two shock results against Iceland and Croatia, the South American side barely managed to scrape through the group stages of the competition before falling to eventual champions France in the Round of 16 with a 4-3 defeat.While Sampaoli had only been appointed Argentina boss in May 2017, there were reports that had emerged during the World Cup that had suggested that he was following Lionel Messi’s orders.Raheem Sterling, EnglandTop 5 best players from the international break weekend Tomás Pavel Ibarra Meda – September 11, 2019 After a fresh international break just came to an end, we need to talk about the Top 5 best players during this whole weekend.We…Now the 58-year-old has had his contract at Argentina mutually terminated with the AFA.“The Argentine Football Association [AFA] and the ex-coach of the national team Jorge Sampaoli today reached a mutual agreement to rescind his contract,” read the statement on Sky Sports.Argentina had their worst World Cup campaign this summer since 2002, which saw them being eliminated from the group stages at Japan and South Korea.last_img read more

Gattuso defends Higuain He feels a lot of pressure

first_imgAC Milan coach Gennaro Gattuso hopes Gonzalo Higuain will remain calm following his sending off against Juventus on SundayThe 30-year-old striker has enjoyed a good start to life on loan at Milan from Juventus with seven goals in 13 games.However, Higuain was unable to prevent Milan from losing to his parent club at the San Siro and was dismissed after having a penalty saved.The Argentine was handed a second yellow card after shouting in the match official’s face.But Gattuso believes that Higuain’s angry outburst came about due to putting too much pressure on himself.Mario BalotelliCorini tells Balotelli to “raise his game” Manuel R. Medina – September 14, 2019 According to the Brescia coach, Mario Balotelli “needs to raise his game if he wants to face Juventus” as his team is set to host Bologna.“At this moment he feels a lot of pressure, my words from yesterday’s press conference were not by chance,” Gattuso told Milan TV on the club website.“Right now, he feels a huge weight on him and it shows. He must remain calm, he should apologise and assume his responsibilities.“He has to put aside his nervousness, he is the most important player we have and he has to make the difference. He has to be clear-headed.”Mario Mandzukic and Cristiano Ronaldo were the goalscorers for Juventus, who remain unbeaten after 12 Serie A games.last_img read more