‘Unprecedented’ consolidation of UK DC could see providers gain £1.5bn

first_img“The schemes involved are not simply going to be smaller master trusts set up to handle auto enrolment that will not meet upcoming capital adequacy requirements,” he said, “but will include many smaller employer-run DC schemes that will be looking to use the economies of scale and higher quality governance and administration available via a master trust in the face of rising compliance costs.”Smart Pension is not the only provider hoping to absorb smaller-scale DC providers, and IPE understands at least one other master trust in the market is including mergers with existing DC schemes within its business plan as a means of growing its asset under management, in addition to attracting new inflows.TPR is fully aware of the problems associated size of the UK master trust market, and its executive director for regulatory policy, Andrew Warwick-Thompson, has previously questioned how it should best prevent further growth in the number of providers in the market.Nigel Waterson, the chair of trustees at master trust Now Pensions, has previously suggested TPR act as a “marriage broker” in bringing about consolidation in the market, which, as of April, had seen the launch of 100 master trusts, of which over 70 were active.The regulator has championed the idea of consolidation since then, proposing it should be able to merge schemes it deems “sub-standard”. The consolidation of the UK master trust market will see £1.5bn (€1.7bn) in assets shift between pension schemes, according to estimates by one provider.Master trust Smart Pension predicted that the consolidation would occur among over 6,200 schemes with fewer than 100 members, which manage assets of £1.3bn according to figures from the Pensions Regulator (TPR).It added that a further £400m could also shift as around 20 established master trusts struggle to cope with new capital requirements the UK government has pledged to impose on multi-employer defined contribution (DC) schemes in an effort to avoid the cost of disorderly wind-ups being met by savers.Peter Walker, COO of Smart Pension, said the pensions market was set to see “unprecedented” movement within the market over the next two years as funds consolidate.last_img read more

Black Cats held by battling Palace

first_imgFabio Borini was denied a priceless winner by the crossbar as Sunderland were held to a costly 0-0 draw by fellow strugglers Crystal Palace. They were the kind of chances he dispatched with aplomb during his early months on Wearside, but it is simply not happening for him in front of goal when his team needs it most. Full-back Marcos Alonso had earlier thumped a long-range effort into Speroni’s midriff and Borini volleyed acrobatically wide from Tom Ince’s miscued clearance two minutes before the break. For their part, Palace, who had full-backs Adrian Mariappa and Joel Ward both booked inside the opening 13 minutes, offered little going forward, and their only real opening came courtesy of a slip by Mannone. The Italian stumbled as he attempted to clear and bundled the ball to Ince, but he recovered in time to claim the midfielder’s tame 31st-minute shot. Fletcher was put out of his misery at the break when he was replaced by Altidore, who might have made his mark within six minutes. The United States international miscontrolled Brown’s ball over the top, which looked to have put him in on goal, but recovered his composure to spin and fire in a left-foot shot which Speroni managed to tip over. Borini volleyed high over from Bridcutt’s cross four minutes later with Sunderland continuing to dominate, although they were served warning of the visitors’ threat on the break within seconds when Yannick Bolasie forced a save from Mannone. However, there was little or no quality from either side in the final third as Speroni and Mannone were virtual spectators. Cameron Jerome might have caught out Mannone with a clever near-post flick from Ward’s 75th-minute corner, but the Italian was well placed to pluck the ball from underneath his crossbar. Borini might have snatched victory with seven minutes remaining when he ran on to Ki Sung-yueng’s through-ball only to crash a rising drive against the bar with his follow-up flying inches wide, but Dikgacoi blazed inches wide with a minute remaining when he might have done better. The Italian rattled the woodwork with seven minutes remaining in a game which ultimately ended in a stalemate after Palace keeper Julian Speroni made a vital 51st-minute save from substitute Jozy Altidore. Victory would have taken Sunderland above the Eagles on goal difference, but the home side passed up a series of chances to make their dominance tell with Steven Fletcher particularly guilty before he was replaced at the break. Press Association The Black Cats have won just one of their last eight home league games, and might have left empty-handed had Kagisho Dikgacoi not wasted a glorious late chance to win it for the visitors. Sunderland boss Gus Poyet was stung by criticism of his team selection for last Sunday’s FA Cup sixth-round defeat at Hull, but insisted in advance that would have little bearing on the decision-making for a fixture he had dubbed the most important of the campaign. In the event, he made seven changes as the likes of Vito Mannone, Wes Brown and Liam Bridcutt returned, although Capital One Cup final starters Lee Cattermole and Jack Colback found themselves sitting on the bench. It was a game Sunderland really had to win if they are to launch a successful fight against the drop, and they made a fist of it in the opening 45 minutes as they took the game to Palace without ever looking like conceding. However, they rarely looked like scoring either as the problem which has hampered them for much of the campaign to date showed little sign of abating. Poyet has been searching since his arrival in October for a man to spearhead his attack with either Fletcher or Altidore usually employed in the loan striking role which was handed, with some success, to Borini in the Capital One Cup final. It was Scotland international Fletcher who got the nod once again on Saturday, but opportunities – admittedly half-chances – came and went. The former Wolves frontman failed to connect properly with Adam Johnson’s first-minute cross and then under-achieved with two audacious back-heeled attempts from deliveries from Borini and Johnson. last_img read more

Longtime Fort St. John Flyers member passes away

first_imgFORT ST. JOHN, B.C. – A longtime member of the Fort St. John Flyers hockey team has passed away.Rod Fonteyne sadly passed away on Wednesday after a battle with cancer. He was 84.Flyers President Paul Van Nostrand says that Fonteyne was involved with the Senior Flyers not long after he moved to the Energetic City in the early 1960s. As a player/coach, Fonteyne lead the Flyers to their first ever championship. After playing with the Flyers for a number of years, Fonteyne later worked as the arena manager here in Fort St. John. He also served on the Flyers Executive until his passing yesterday.- Advertisement -Van Nostrand says that after speaking with his wife Larra, there will be a private family service for Rod in his hometown of Wetaskiwin. He added that the Flyers are also going to be honouring Fonteyne sometime in the near future, though no official plans have been made as of yet.last_img read more

Park, Dream falter as Yeak return to winning ways

first_imgPark (Yellow and Black) are still second on the stanings (Photos by Futsal Media)Futsal Super League 2018/19International Futsal Courts, MengoThursday, 21-03-2019-Dream 2-4 Parakeets-Kabowa United 3-2 Typhoon-Yeak Kabowa 6-2 Nomad-Aidenal 1-1 Park-Crown 3-2 Yap Stars-Elephants 1-4 Equator-Bajim 1-0 Mengo CityMENGO – ‘Bottling it’ is a common term used in sport and it is common with Liverpool FC who continuously throw away chances of winning the English Premier League.In the Futsal Super League, that term was in the air Park FC drew 1-1 with four man Aidenal.The second placed side had moved to within two points of the leaders Yeak, following in impressive run that also had them defeat Yeak 3-0 two weeks ago.But against a side that they were fancied to take care of, Park bottled it.The Iddi Babu led side started strongly, taking a 1-0 lead thanks to a Steven Bakamate goal, into the break.After the break and several Aidenal who were coming off a 4-0 win against Kabowa United levels matters through Michael Kasozi.Moments later, they had a player sent off as Martin Ssenkoto was flashed with his second booking on the night and in process, given his marching orders.Despite the one man superiority, Park could not capitalize as the game ended 1-1.The points sees park remain second with 37 points while Aidenal are still 11 with 19 points.In the first game of the day, defending champions Dream lost 2-4 against a resurgent Parakeets side.Jamal Muyingo and John Ssegawa ensured Dream were 2-1 up at halftime. Stephen Mukisa scoring Parakeets only goal in the opening 15 minutes.Muyingo (right) scored Dream’s frist goalHowever, in the second, it was all Parakeets, scoring three more goals to win the game.Vicent Abigaba and Arafat Ssentongo’s double did the magic for the one time log leaders.The win sees Parakeets move into third on the table with 34 points while Dream are now 5th with 30 points from 17 games.In the game that featured the leaders Yeak, they returned to winning ways, defeated Nomad 6-2.Yeak who had failed to win any of their last two games, had a scare at halftime as they could not be separated from Nomad with the scores locked at 2-2. Enock Sebagala scoring both of Yeak’s goals while Biriq Osman grabbed a brace for Nomad.In the second, Yeak ran riot, scoring four goals with Sebagala completing his quadruple while Shaffic Avemah added the other, to ensure they win the game.Victory sees Yeak maintain top spot with 39 points while Nomad are still 6th with 27 points.Yeak (Blue and White) have 39 points this seasonIn the other games played on the night, Bajim defeated Mengo City 1-0, Equator were 4-1 winners against Elephants, Crown were 3-2 winners against Yap Stars while Kabowa United took care of Typhoon 3-2.Yeak pair of Shafic Avemah and Encok Sebagala top the scoring charts with 27 goals apiece.Comments Tags: DreamFutsal Super LeagueParakeetsParktopYeak Kabowalast_img read more

More 80s Action Shows We Want Modern Versions Of

first_imgCrime StoryThe idea of a weekly TV action-drama that told a single continuing story over multiple seasons isn’t anything revolutionary now. But when Crime Story debuted in 1986, it was a different story. The show starred Dennis Farina and Anthony Denison as a Chicago cop and the mobster he’s hunting down, and was set in the mid-60s. The first season boasted one of the most shocking cliffhangers TV had seen at the time, as Denison’s character was presumably disintegrated at a nuclear test site. The second season revealed that the Mafia man had cut a deal with the government and the pursuit got way more complicated. It was a remarkably ambitious and expensive show for the time, and was way ahead of its time. Sledge Hammer!Technically not a full-on action show, Sledge Hammer! was nevertheless one of the best cult hits of the decade. David Rasche is an absurdly brutal San Francisco police detective who sleeps and showers with his gun and has a bumper sticker on his car that reads “I ♥ VIOLENCE.” This over-the-top black comedy had plenty of action in it, and despite Sledge’s propensity for gunplay he somehow managed to never shoot a single person over the course of 40+ episodes. The best modern comparison would probably be Chris Elliot’s marvelous Eagleheart, but Sledge Hammer was something truly special and deserves to be resurrected.For more 80s nostalgia check out our review of comic AmeriKarate. You should definitely watch all of GLOW. Add some killer tees to your retro wardrobe. For all 80s reboots click here. ManimalOkay, let’s just be clear: Manimal was not a very good TV show. The adventures of Dr. Jonathan Chase, who could shapeshift into any animal form, were hokey at best, and the effects (by master Stan Winston) just didn’t translate to the small screen. But there’s just something so gleefully weird and silly about a buttoned-up British dude turning into a panther to help solve crimes, and a modern ironic take on the franchise could be fun as hell. Manimal never really had a chance back in the 80s – NBC put it up against ratings juggernaut Dallas, and it was swiftly and mercilessly crushed. There was talk of a cinematic version with Will Ferrell and Adam McKay producing, but we’re not sure if it’s still in development. The New Adventures Of Beans BaxterCreated by “Savage” Steve Holland, the director of 80s cult classic Better Off Dead, this short-lived early FOX action comedy chronicled the adventures of an ordinary Kansas teen who discovers that his father was actually a top secret agent and carries on in his footsteps to try and rescue him from an international terrorist organization. The show was an oddball mixture of quirky comedy and high intrigue that we’d love to see some modern director tackle. One amusing bit of trivia is that the Beans Baxter role was originally offered to David Spade, who turned it down. KnightwatchThis is one that, frankly, flopped when it first premiered in 1989, but the premise is so solid that a 2018 reboot could really sing. Knightwatch followed the “Knights of the City,” a vigilante group modeled after the real-life Guardian Angels who patrolled NYC on foot and faked a number of rescues from subway muggings for publicity. Unfortunately for the series, it was up against ratings juggernaut The Cosby Show and only lasted a few months. The idea of a group of civilian crimefighters working in public without any superhuman abilities is a fascinating one, and a remake of the show could tackle some of the issues the 80s version wasn’t ready to. The Fall GuyLee Majors starred as stuntman Colt Seavers in this 1981 guilty pleasure. Seavers moonlights from his day job jumping and crashing cars as a bounty hunter, tracking down bail jumpers and other scumbags to make ends meet. There was nothing artful or experimental about The Fall Guy – it just scratched the same Fast & Furious itches of cars doing insane stunts mixed with human drama. The Rock was in talks to star in a film reboot of the franchise back in 2013, but it doesn’t seem to be moving forward and, to be honest, TV is the Fall Guy’s home. Imagine a modern Seavers struggling to find his place in a world where everything can be done with CGI and we’re halfway there. Max HeadroomAlthough he’s probably best known for Coke commercials, the pseudo-computer-generated Max Headroom character was the anchor for one of the decade’s most missed cult sci-fi shows. Matt Frewer starred as Max, the glitched-out digitized personality of reporter Edison Carter after he suffers a head injury. The 1987 series was remarkably prescient, depicting a dystopian future where a handful of megacorporations control our lives. Frewer has revisited the role of Headroom a few times since, but we’d love to see a Black Mirror-inspired remake of the original where everything is way worse than we could have ever imagined. This week sees the debut of Magnum P.I, a modern reboot of the 1980 Tom Selleck action show about a private detective living in Hawaii. The show was a massive hit when it first aired, so it’s not surprising that nostalgia is bringing it back – but it seems like we’re in a hot spot with 80s television dramas right now. Magnum joins the reboot of MacGyver, now entering its third season, as well as movies like The Equalizer and The A-Team, both of which had their origins in the Reagan era.What was it about the 80s and action shows? The decade marked a transitional time for television, as budgets grew and cable channels started to dip their toes in production.AirwolfRunning from 1984 to 1987, Airwolf followed the operations of a top-secret high-tech helicopter with stealth capabilities and supersonic top speed. Stolen by its psychopathic engineer, the copter is recovered by pilot Stringfellow Hawke, who uses it to battle back the forces of Communism in locales around the globe. Obviously, the political climate has changed since the end of the Cold War, but there’s something compelling about the basic premise, and in a world of information warfare, drone strikes and other high-tech ways of killing people, the concept of Airwolf could have new resonance. But who will be the Jan-Michael Vincent of the 21st century?center_img A Man Called HawkComing in at the end of the decade, A Man Called Hawk was a remarkably ahead of its time crime thriller. Avery Brooks starred as the titular Hawk, a private dick and problem solver who packed a massive Colt Python .357 Magnum and wore sunglasses all the time. After returning to his hometown of Washington D.C, Hawk helped out the downtrodden and the unlucky with a variety of problems. Hawk was a remarkably interesting and nuanced character – he was an absolute badass on the streets but indulged his softer side by collecting African art and playing the vibraphone. It’s fair to say that with the success of Luke Cage there’s room for more badass Black action heroes on TV. StingrayI have fond memories of this 1985 NBC series that starred Nick Mancuso as the titular Ray, who did the classic “helping people with their problems” each week but in a slightly tweaked way. Ray – named after the sweet as hell black ’65 Chevy Stingray he drove – didn’t accept cash for his services. Instead, if he did something for you he’d take a marker for a favor to be performed later. The people who owed him came from all parts of society, from the elite to the man in the street. Lots of undercover adventures and a very stylish title sequence couldn’t help the show last more than two seasons, unfortunately. 11 ’80s Horror Franchises Due for a ComebackNike x ‘Stranger Things’ Collection Goes Back to the Summer … Misfits Of ScienceSuperhero shows are pretty much inescapable these days, but the vast majority of them are set in either the Marvel or DC universes. Nothing against either of those, but variety is the spice of life. What better time to bring back a cult TV classic that only lasted a single season in 1985? Misfits Of Science followed the young charges of the Humanidyne Institute. This included electrocuted rock and roll musician Johnny Bukowski and telekinetic teen delinquent Gloria Dinallo as they drove around in a customized ice cream truck contending with seriously bizarre mysteries involving talking dolphins, time-displaced cavemen and a CIA agent who manages to lose the “nuclear football” that could kick off World War III. Stay on target Let us know what you like about Geek by taking our survey.last_img read more