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Dutch drinks sector scheme to merge with €20bn retail fund

first_imgLast year, Dranken reported asset management costs of 0.25% and administration costs of €207 per participant, which compared to 0.17% and €76, respectively, at Detailhandel.Pension contributions amounted to 27% of salary at Dranken, and 21.6% at the larger scheme.Dranken indicated that, given the difference in funding, there was a reasonable chance of a one-off pensions increase for its participants as a result of the merger.At July-end, its funding stood at 115.4%, whereas Detailhandel’s coverage was 111.4%. The €738m Dutch pension fund for the drinks sector – Dranken – plans to merge with the €20bn fund for the retail industry next year.On its website, the scheme explained that pensions accrual could be more effective and cheaper as part of Detailhandel.Dranken has more than 21,000 members affiliated with 300 employers, whereas Detailhandel has 1.1m participants in total.Last year, the industry-wide schemes for furnishing (Wonen), shoemakers (Schoenmakerij) and the textile wholesale sector (Textielgroothandel) all joined Detailhandel. The €329m sector scheme for the leather industry also plans to join next year.last_img read more

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Manuel sees gold as boost for black community

first_imgBy Alan BaldwinRIO DE JANEIRO, Brazil (Reuters) – As an African-American swimmer, Simone Manuel has carried a weight on her shoulders every time she steps onto the starting blocks.The gold medal placed around her neck on Thursday could help to lift it.Making history as the first black woman swimmer to win an individual Olympic title for the United States, Manuel spoke of her desire to change attitudes and addressed some of the issues head-on.“This medal is not just for me, it’s for some of the African-Americans that have come before me and have been inspirations and mentors to me,” she said after a dead-heat in the 100 metres freestyle final resulted in two gold being awarded. The other went to 16-year-old Canadian Penny Oleksiak.“I think it means a lot, especially what’s going on in the world today with some of the issues with police brutality,” she added, without going into detail.“I think that this win kind of helps bring hope and change to some of the issues that are going on.”A string of fatal shootings of black men and women by white police officers has triggered protests, some violent, across the United States in recent weeks.Manuel, 20, who comes from Houston and attends Stanford University, is one of two African-American women who qualified for the U.S. swim team – the other being Lia Neal who won a 4×100 freestyle relay bronze in Rio.Thursday’s final was only the third time two gold medals have been awarded as a result of a dead heat and it was fitting that the other recipient was another youngster breaking down the doors and redefining perceptions.Oleksiak, the first Olympic champion born in the 21st century, has now won four medals in Rio.Manuel said she hoped her first gold would bring change.“Just coming into this race tonight I kind of tried to take the weight of the black community off my shoulders, which is something I carry with me just being in this position,” said Manuel.“I do hope that it kind of goes away. I’m super glad with the fact that I can be an inspiration to others and hopefully diversify the sport.“But at the same time I would like there to be a day where there are more of us and it’s not ‘Simone the black swimmer’ because the title ‘black swimmer’ makes it seem like I’m not supposed to be able to win a gold medal, not supposed to be able to break records.”“I work just as hard as anyone else and I love this sport and I want to win just like everyone else.”last_img read more

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Men’s Basketball: Previewing remainder of Badgers’ non-conference schedule

first_imgWe’ll keep it simple — the prospects for a highly successful Badger basketball team weren’t great before the 2019-20 season. With departing superstars and a relatively lackluster recruiting compared to what the team has to look forward to in the next two years, it remained to be seen who could step up to the plate for a Badger team in clear need of a spark after remaining well outside of the nation’s top 25 teams. Yet the Badgers have a clear chance to get off to, if nothing else, a promising start to their non-conference play in the beginning of the season. This is utterly necessary for the team if they are to build momentum and confidence prior to conference play as the Big Ten is especially top heavy in talent this year. Both Michigan State and Maryland rank inside the top 10 teams in the nation and The Ohio State University is also No. 17. Men’s Basketball: Familiar faces absent in upcoming 2019-20 installment of Wisconsin-Marquette matchupThe University of Wisconsin men’s basketball team (2-1) is set for an in-state rivalry matchup against the Marquette Golden Eagles Read…With a defining win against McNeese State already in the books, the Badgers officially secured a spot in the championship rounds of the Legends Classic tournament later this month. The tournament is comprised of eight total teams, four of which were eliminated in regular season games prior to the start of the tournament. The four teams remaining are Wisconsin, New Mexico State, Richmond and — most importantly for Wisconsin’s non-conference schedule — Auburn. Auburn is currently No. 22 in the nation, a ranking in close vicinity to current No. 18 ranked St. Mary’s. The Badgers already demonstrated their ability to compete with St. Mary’s earlier in the season when they took the Gaels to overtime in their first non-exhibition competition of the year. To reach Auburn, the Badgers will first have to find a way to beat Richmond. Richmond limped its way to a 2-0 record with consecutive overtime wins against St. Francis University and Vanderbilt. Neither of these teams that Richmond defeated are ranked inside the top 25, but Vanderbilt showed promise as they dominated their opening non-conference opponents by a combined score of 154–131. The moral of the story is, Richmond remains largely untested. And the competitions they have undergone — given their overtime finishes — provide little insight as to their ability to hang with the best. Even with close contests on their record, Richmond’s games have all been barn burners. They currently rank seventh in the nation in average scoring with 96.5 points scored per game. Men’s Basketball: Badgers find new identity as season beginsThe absence of Ethan Happ is conjuring up many questions about the future of the University of Wisconsin men’s basketball Read…If the Badgers stick to their guns and compete in the manner they did against top teams such as St. Mary’s, they should have another good shot at taking down a ranked opponent in Auburn. After their potential contest against Auburn, the Badgers have just one more non-conference game before opening Big Ten play at the Kohl Center vs. the Indiana Hoosiers. With St. Mary’s now in the past, Auburn presents their last chance to take down a ranked opponent prior to beginning competition in a top-heavy Big Ten field of opponents. If the Badgers are to prove their mettle and garner consideration as a top team, this is their last chance to do so before being thrown into flames. With that being said, let’s take a way-too early look at what an Auburn-Wisconsin matchup might look like. Auburn was an undeniably elite team last season. A February heater propelled them to a high seed in the NCAA tournament that propelled them all the way to the Final Four. While the Tigers eventually lost to a clutch set of free throws from Kyle Guy, they proved themselves to be a top contender in collegiate basketball. But the Tigers are missing key offensive producers that helped carry them deep into the tournament. Both Jared Harper and Bryce Brown, two of the top shooters in the nation, turned pro following the 2018-19 season. Men’s Basketball: Reuvers, Davison not enough to secure victory in heartbreaking season openerIn their first game of the season, the University of Wisconsin men’s basketball team lost in heartbreaking fashion in overtime Read…Perhaps even more of an opportunity to exploit is the departure of key defensemen for the Tigers. Chuma Okeke, Malik Dunbar and Horace Spencer are all absent from this year’s Tiger squad. Each member of this trio contributed to a stifling Auburn defense that ranked second in the nation in forced turnover rate. Holes exist in the game of the No. 22 Tigers — it’s up to the Badgers to both have a chance to compete against them and then find a way to exploit these weaknesses. While this potential matchup is certainly not a guarantee, it is the last chance for Wisconsin to capture a win against a ranked opponent before conference play. A win in this scenario could give legitimacy to a team that, for all intents and purposes, had been counted out as a team that could consistently challenge the upper echelon of college basketball.last_img read more

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Former WAFU Boss Calls for Truce in NFF Crisis

first_img*Asks sports minister to call Giwa to orderBy Duro IkhazuagbeFormer President of West Africa Football Union (WAFU), Jonathan Ogufere, has called on the Minister of Sports, Solomon Dalung to save Nigeria football from Chris Giwa and his group who are determined to earn the country suspension from FIFA.Speaking at the weekend, Ogufere who is also the chairman of Sports Veterans Association, an umbrella body for past sportsmen and administrators, noted with dismay that the Jos-based club proprietor has continued unabated in his determination to be the president of the Nigeria Football Federation (NFF) irrespective of whether his ambition could earn Nigeria a long-term suspension by FIFA.“The minister of sports (Dalung) cannot afford to keep quiet. He needs to restore peace. We are totally dismayed that after an issue has gone to the highest court in sports (Court of Arbitration for Sports)  and has been settled, some people are still using it to destabilise Nigerian football,” observed the respected former WAFU boss.Ogufere recalled that Nigeria barely escaped FIFA ban when this crisis started two years ago.“Nigeria barely escaped a FIFA ban the last time this issue came up. We should not portray ourselves like a nation that is not ready to abide by international rules. For the goodness of our youths and our football this issue should be nipped in the bud immediately.“I am not just speaking as an individual.  This is the way, we the Veterans in Nigerian sports feel. We’ve been watching and cannot continue to keep quiet. We are not happy with what is going on in Nigerian football. Those heating up the football scene in the country should realise the damage their action is creating for Nigeria.”He urged those hell-bent in taking over the administration of the NFF to wait for Amaju Pinnick’s four-year tenure to end. “To be president and board members of NFF is not a  matter of life and death. Whosoever that is aspiring to get to the NFF should wait till after the four years of the current board.“It is about time this issue is settled once and for all. If you lose an election you keep calm and wait for another time. It shouldn’t be a do or die affair or matter of life and death. It is unnecessarily disturbing the sporting atmosphere in Nigeria. Going to regular court runs foul of FIFA rules. Nobody forced us to join FIFA and once we are there we must abide by the rules. Nobody is saying FIFA laws are superior to that of Nigeria. We are not talking about superiority now but respecting ourselves as a member of the international football community,” stressed Ogufere.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more