Tesco ends ’hit and hope’

first_imgOn visiting Tesco’s inconspicuous HQ in Cheshunt, surrounded as it is by Hertfordshire suburban semis, the initial impression is that it’s a pretty understated setting for the brain-room of the retailer that accounts for one in every eight pounds that leaves our wallets.This changes the moment you enter the bustling foyer, where a hubbub of wheeling and dealing presumably masks the squeals of suppliers jamming their feet in the door. It’s here that I’m greeted by Simon Holt, Tesco’s genial but no-nonsense in-store bakery (ISB) buyer, who tells me that the ISB is on a roll, reporting some of the strongest numbers within food at Tesco. The multiple is upping its game in everything, from on-pack communication, skills training to, crucially, product launches. Henceforth, nothing will go on shelf until it’s a sure bet (BB, 25 Jan, pg 4). “In-store bakery is doing really well. For a long time in Tesco it hasn’t been,” admits Holt.The step-change came last year when Tesco gave the green light to a hefty training investment: all its bakers will be sent on a three-day bespoke course with the Campden and Chorleywood Food Research Association. “Customers tell us that in-store bakery is a real hero category and the business has already been supporting us with exciting plans for this year. One thing we’ve done is really engage our bakers, because I think they felt a little bit unloved. But over the last 12 months, we’ve communicated with them a lot more.”He says that, from now on, Tesco will look to make as much bread as possible from raw ingredients, although some of the more elaborate breads that require longer fermentation will continue to be bought in. This year Tesco will be looking at its methods of packaging to better communicate its in-store credentials – always a struggle in the ISB.”It’s my responsibility, or my product developers’ responsibility, to have the best products on the market,” says Holt. “If there’s a story attached to it we need to be telling customers that. People bang on about provenance, but my bread is made in front of our customers from the best flour we can get. You can’t get much more natural than that in terms of provenance.”Communicating that message is something we haven’t traditionally done that well, so communication will be a big project this year.” This is why Rolo-branded donuts and cookies have been two of the most successful launches in the last 12 months and the lines are already worth around £2 million each. They’re a good product and customers know the brand,” he says. “But I cannot communicate all the health benefits of a Finest Multigrain Farmhouse loaf due to a lack of space on pack. So selecting products that customers can understand very quickly is important.”== COMMUNICATION PROBLEM ==The difficulty in conveying marketing messages in-store is why products like Fairtrade haven’t touched the category, he adds. “If you look at Green & Black’s chocolate, they’ve got a lot of packaging to communicate that message. I could move all the chocolate in our cookies to Fairtrade but how do I communicate that? At the moment we’ve left that to the brands, but if it’s something the customer wants, we’ll always listen to them.” And that packaging is set to reduce even further, following a pledge to cut packaging by 25% this year.New in-store products need to offer real innovation – not just duplicate what works in, say, packaged morning goods. “Where is the customer rationale for launching brioches through the in-store bakery? Have you done your research and is it a growth area? That mentality of suppliers phoning buyers up saying ’I’ve got this great product, we think you could stock it’ just won’t wash any more.”While this approach may have worked when Holt was a Selfridges Food Hall buyer, at Tesco his focus is as much on the figures as the quality. “The main KPI at Selfridges was, ’What is the next big thing in food?’” he says, but dealing in enormous scales at Tesco means that making products more “relevant” to customers brings number-crunching to the fore: sales, profit, margin, waste, performance against the market and availability are the first things he looks for in a product – something suppliers should bear in mind.Holt insists suppliers must back up a proposition with a sales plan: how will the product be launched; will there be introductory offers; how will it be packaged; what is it going to look like on shelf; and will there be 100% availability all the time?Using market data such as Tesco Link – Tesco’s free-to-access sales information website – is essential. “If it’s not backed up with that information the likelihood of me launching it is very slim,” states Holt. “I’ve got a great supply base but suppliers need to focus on the customer. Many of them have historically thought that ’Tesco is the customer’. I want suppliers to think more about the end-user.”The aim this year will be to end the ’hit and hope’ approach of the past. One such example was flatbreads, which fell flat in the ISB last year. “Customers just didn’t understand why the ISB was selling flatbreads,” he recalls. “It was a good product, but it didn’t transfer to the shelf. We took them out within two months.”Put simply, he says, any new product has got to be better, simpler and cheaper: “Everything has to abide by those three simple principles.” —-=== CV ===Tesco ISB buyer for the past 18 months; Holt was previously a buyer of leeks, garlic, mushrooms, onions, swedes and turnips. Before that, he bought wet fish, smoked fish, meat and luxury goods for Selfridges Food HallPersonal approach: “What I’ve tried to do is have a level of honesty and integrity with my supply base. Sometimes you have to make difficult decisions but if you’re honest and there’s an element of trust you’re more likely to have a better relationship.”Pastimes: “We have a gym here, which is a great perk. I live in London so I like the theatre, films, concerts. I’ve got friends who work in music television, so I get invited to lots of gigs.”Holt’s new product checklist for suppliers:* It’s got to offer… great quality, great value for money, real innovation and be customer-focused* It must be…better, simpler, cheaper than what’s in the market*…and backed up with… a rationale based on customer data* Suppliers need to be… developing bespoke products for Tesco Express, smaller pack sizes and eat-on-the-go formats, such as its successful cheese twistlast_img read more

Managing an aging populace

first_imgPopulations worldwide are growing older, fast. To manage that trend, people need to rethink their assumptions about education, work, and retirement. That’s the bad news.The good news is that people are healthier and living longer. And by reshaping their course, they could see education last a lifetime and employment last longer and allow for more leisure.The alternative to that scenario, according to Jack Rowe, a Columbia University professor of health policy and management, is a society that has wider gaps in opportunity, education, and health between “haves” and “have-nots” and that, more broadly, fails to rise to the challenges it faces.Rowe spoke at the 50th anniversary symposium of the Harvard Center for Population and Development Studies. The event, “Reimagining Societies in the Face of Demographic Change,” took place Tuesday on Harvard’s Longwood campus and featured speakers who touched on issues related to global population change, including fertility decline, the roles of women, health and society, and the future of the center itself.The center was founded in 1964 as the Harvard Center for Population Studies by Harvard School of Public Health Dean Jack Snyder and climate change pioneer Roger Revelle. This week’s anniversary event included a formal dinner Monday honoring Senior Visiting Fellow Sissela Bok, a longtime center researcher, at which current Director Lisa Berkman, the Thomas D. Cabot Professor of Public Policy and of Epidemiology at HSPH, announced a $50,000 gift in Bok’s honor to support the work of students, fellows, and junior faculty. The award will be called the Sissela Bok Prize in Population and Ethics.At Tuesday’s symposium, Berkman outlined priorities for the center in the years ahead, pointing at women, work, and health; growing and aging societies; health inequality; sustainable development and climate change; and using big data to understand global population dynamics.Berkman said the world is at a demographic crossroads, much as it was when the center was founded. Instead of contemplating that era’s concerns about an impending population bomb and shifting demographics due to improvements in health care, today people face a worldwide population that, while still growing, is marked by declining fertility and rapid aging, and in which the plight and future welfare of women is a key factor.By focusing research on those priorities, Berkman said, the center can help explain the world as well as future trends. Among issues deserving attention, she said, is the United States’ lagging life expectancy, which in the 1980s was in the middle of the pack of industrialized nations and is now last among them.“Over time, virtually every other industrialized nation has overtaken us. We now sit at the bottom of all OECD [Organization of Economic Cooperation and Development] countries in terms of life expectancy,” Berkman said.Much of the problem, she said, may relate to women’s health. Recent studies showed that mortality rates for women actually worsened in 42 percent of U.S. counties between 1992 and 2006, “which I find really shocking.”Berkman said there are some indications the trend is related to the huge movement of women into the labor force and the lack of the social protections that exist in many European countries. The dramatic rise in unwed motherhood — 41 percent of births in 2008 were to unmarried women, compared with just 5 percent in 1960 — could have similar long-term negative health effects, Berkman said.“It seems like, in the U.S., being a single mother exerts a long-run risk to your health,” Berkman said.Berkman pointed out that some nations are going to go see rapid aging of their populations over just a decade or two, far more quickly than many of the Western democracies, which have been able to adjust to a much slower trend. Though the trend has been relatively slow in the United States, there is still a lot of denial that an aging population presents a problem, Rowe said. Attention is focused on Social Security and Medicare costs, which are important, but miss a larger point, he said.The central problem, he said, is that the structure of our “life course,” with education occurring early, long years of work with little room for anything else in the middle, and retirement lumped at the end, is outdated. There are not only concerns about the quality of each of those segments, but also broader questions about how an aging society meets its needs with fewer people in their productive years supporting more retirees.The answer, he said, will rely on continued contributions from a healthier older population. That will require rethinking our life course to make the solution possible and palatable, something for which there appears to be little appetite so far.The aging population is a mark of the success of the global health care system, largely a development of the 20th century, according to Harvard School of Public Health Dean Julio Frenk, who gave the opening remarks. Frenk reviewed the dramatic improvements in health over the last century and offered thoughts on governance of the global health system going forward.The current system, under which nations are responsible for the health of their residents, is somewhat mismatched, Frenk said, since many of the factors affecting health are not confined by national boundaries. Frenk said it is unlikely that global health care governance will emerge, but added improved voluntary cooperation will be important as people address health concerns of the future.“We need to manage these persistent global challenges. They’re not going to go away,” he said.last_img read more

Fire Ant Removal

first_imgNothing ruins a good cookout or run through the sprinklers like a mound of fire ants. With warmer weather around the corner, early spring is the time to tackle fire ants problems before they spoil summer fun. A quick Internet search will yield a slew of home remedies — from applications of grits to vinegar solutions — that are purported to get rid of fire ants. Dan Suiter, a University of Georgia College of Agricultural and Environmental Sciences entomologist, researches fire ants and works with homeowners through UGA Extension. He hates to be the bearer of bad news, but says there’s no proof that any of these remedies work. The most effective and most ecologically sound way to get rid of fire ants is to use a bait product containing the active ingredients hydramethylnon (for example, Amdro), methoprene or spinosad. “It’s like a smart bomb,” Suiter said. “You’re putting out a very small concentration of material, and the only thing that it will affect is the fire ants.” The trick is using it correctly, he said. Buying baitHomeowners typically have two options available to them in the home improvement store — fire ant baits and broadcast ant poisons. Amdro, for instance, consists of a small granule of ground corncob saturated in soybean oil that contains the active ingredients hydramethylnon and/or methoprene. Hydramethylnon is an acute toxin designed to kill fire ants when they eat the bait. The broadcast poison is made of clay particles coated with a chemical like bifenthrin, which kills fire ants when they come in contact with the residue left behind. Bifenthrin is not selective. It kills any insect, both beneficial and harmful. Fire ant baits often come in smaller bags and are labeled as bait. Suiter suggests buying the smallest bag or no more than you will need this summer. Due to the soybean oil coating, the bait can go rancid after one season — making the bait unpalatable to the ants.Application is keyFollow the directions on the fire ant bait package exactly. Suiter recommends applying bait in a 2 or 3 foot-diameter circle around the mound — not on top of the mound. The ants will forage out, retrieve the bait and take it back to their nest. Suiter warns not to apply bait to the top of the fire ant mound. Since fire ants do not typically forage on top of their mound, they may not find it to eat it. It’s best to apply the bait on a warm, sunny afternoon, after all the morning dew has dried, he said. Baits should never be applied to wet soil or watered into grass. This will ruin the smell and taste of the bait. Never water in bait after it’s been spread. “Ants are very finicky about what they can smell,” Suiter said. “Cigarette smoke or gas smells can contaminate bait and keep ants from taking the bait. They can also tell if it’s gone rancid, so use it very quickly and seal the bag really well if you don’t use it all. If you have a bag from last year, there’s a good chance it has gone rancid, and the ants won’t touch it.” Bait stored for more than a year or kept near gasoline or fertilizer may not be as effective. Cigarette smokers or anyone who has handled gasoline or fertilizers should wear gloves when applying bait because even subtle changes in the bait’s odor can deter ants. When using a handheld broadcast spreader to apply the bait, make sure it has not been used for any other lawn chemicals. If its new, rinse it with water before spreading the bait to cut down on the smell of new plastic. Keep those ants hungryAvoid disturbing the ant beds before treating them with bait. This distracts them from their primary goal of foraging for food. “Don’t kick the mound, because if you do, the colony will release an alarm hormone,” Suiter said. “They’ll all be looking to defend the mound against the threat; they will not be out looking for food.” What happens next?After bait has been applied, nearby ants will forage out to collect it, and it should be gone within hours, Suiter said. Over the next week to 10 days, the ants will suck the poison-laden soybean oil off the corn granules and begin to die. If a mound is still active 10 days after application, a second application of bait may be necessary. For more information about problem ants, call your local UGA Extension agent at 1-800-AskUGA1 or visit caes.uga.edu/publications.last_img read more

Weekly unemployment claims fall 36 percent

first_imgWeekly unemployment claims declined dramatically last week after increasing the previous two weeks. For the week of March 6, 2010, there were 897 new regular benefit claims for Unemployment Insurance, a decrease of 498 from the week before. Altogether 15,463 new and continuing claims were filed, a decrease of 54 from a week ago and 2,814 fewer than a year earlier. The Department also processed 4,647 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 96 fewer than a week ago. In addition, there were 3,389 Second Tier claims for benefits processed under the EUC08 program, which is an increase of 32 from the week before. The Unemployment Weekly Report can be found at: http://www.vtlmi.info/(link is external). Previously released Unemployment Weekly Reports and other UI reports can be found at: http://www.vtlmi.info/lmipub.htm#uc(link is external)last_img read more

Brazilian Firm Embraer Inaugurates Its First U.S. Factory

first_imgBy Dialogo February 24, 2011 i would like to know what the price of long range aircraft for total 18 pax or 22pax & what is the latest available aircraft The Brazilian aircraft manufacturer Embraer has inaugurated its first aircraft final assembly plant in the United States, in which it has invested a total of fifty million dollars, the firm confirmed to AFP on 22 February. The new installation at Melbourne International Airport in Melbourne, Florida (in the southeastern United States), inaugurated on 21 February, will be initially dedicated to producing Phenom 100 four-passenger executive jets, a spokesperson for the firm said. The inauguration “of the first U.S. industrial site in Melbourne is a landmark for Embraer, as we fulfill our goal of bringing operations closer to our customers and to our largest market,” affirmed Frederico Fleury Curado, Embraer’s president and CEO, according to a press release. The Melbourne unit, which will have around two hundred employees, is also planned to include a customer center where purchasers can determine the interior design of their executive jets thanks to the use of 3D technology. The first Phenom 100 assembled in the United States should be delivered in the fourth quarter of 2011, the Brazilian firm specified. In 2010, Embraer delivered a total of one hundred Phenom 100 planes, making it the most-delivered executive jet in the world that year, the firm announced. With two hundred planes in the Phenom family (Phenom 100 and Phenom 300) already delivered, the firm has a portfolio of five hundred orders for these planes from forty-four countries, to be manufactured on the model’s two production lines, in Brazil and now in the United States. The U.S. installation is Embraer’s second factory outside Brazil, since it has a center in China where the ERJ 145 model is built. Embraer is the world’s third-largest manufacturer of commercial airplanes, after the giants Boeing (United States) and Airbus (European Union), and delivered 246 planes in 2010, a record. The firm’s models also cater to the defense sector.last_img read more

Operation Martillo making strides in counter-narcotics fight

first_imgBy Dialogo July 29, 2013 MIAMI, U.S.A. – The United States’ teaming with Western Hemisphere and European countries has led to the seizure of more than 245,000 kilograms of narcotics as the result of Operation Martillo, an international mission that gathers partner nations to curtail illicit trafficking routes on both coasts of the Central American isthmus. “[U.S. Southern Command’s] commitment to working with partners, both in the region and throughout the U.S. government – from the military to the rest of our government – is helping build an integrated network of defense in the Western Hemisphere, based on shared responsibility and shared values,” United States Deputy Defense Secretary Ash Carter said in a prepared statement. “Through initiatives such as Operation Martillo, U.S. Southern Command and its partners are dismantling transnational criminal networks and disrupting illicit drug trafficking.” Operation Martillo, which is led by the U.S. Joint Interagency Task Force South and includes Canada, Belize, Colombia, Costa Rica, El Salvador, France, Guatemala, Honduras, the Netherlands, Nicaragua, Panama, Spain, and the United Kingdom, strives to disrupt transnational criminal organizations by limiting their ability to use Central America as a transit zone. From Jan. 15, 2012 to July 17, 2013, Operation Martillo, which was launched in January 2012, resulted in the seizure of 207,740 kilograms of cocaine and 37,397 kilograms of marijuana, 472 arrests and the confiscation of 152 assets. The Joint Interagency Task Force South and U.S. Southern Command will continue to work closely with partner nations through Operation Martillo, as 69% of the disruptions made during the past fiscal year were supported by a member nation. During the 2011 fiscal year, 59% of disruptions included a partner nation. The operation directly supports the curtailing of trafficking and the dismantlement of transnational criminal networks in Central America, which are key objectives of the Central America Regional Security Initiative (CARSI). “Operation Martillo demonstrates a clear commitment of the Western Hemisphere and European nations to work as partners to counter the spread of transnational criminal organizations, and to protect citizens in Central America from the violence, harm and exploitation created by these criminal networks,” the Joint Interagency Task Force South and U.S. Southern Command said in a prepared statement. Operation Martillo is integral to the counter-narcotics fight, as about 80% of cocaine shipments are moved via maritime routes. Nearly 90% of the cocaine that reaches the United States comes through Mexico and Central America, according to the United Nations International Narcotics Control Board. “Operation Martillo has been a huge success and demonstrates our clear commitment to work together with our partner nations and interagency community to combat the influence of organized crime and disrupt the flow of illicit drugs into the U.S.,” Rear Adm. Sinclair Harris, commander, U.S. Naval Forces Southern Command, U.S. 4th Fleet, said in a prepared statement. “By teaming up with our partner nations and allied forces to scrutinize the littorals, our goal is to deny them the ability to transit so that the sea lines are not free for illicit traffic.” Partner nations are committed to Operation Martillo. “Canada has steadfast, growing relationships with the people and nations of the Caribbean and Central America,” Canadian Minister of State of Foreign Affairs Diane Ablonczy said in a prepared statement. “We are committed to building on those ties by sharing expertise and pooling our resources to tackle common threats such as international drug smuggling. By working together, we are achieving greater security and prosperity for our hemisphere.”last_img read more

Uruguay Hosts COJUMA for the First Time

first_imgBy Diálogo July 14, 2016 For the first time, Uruguay co-hosted the Americas’ premier legal workshop, the Military Legal Committee of the Americas (COJUMA) from May 23rd thru 26th. Founded in 1995, COJUMA is a multilateral organization sponsored by U.S. Southern Command’s (SOUTHCOM) Office of the Staff Judge Advocate. COJUMA’s mandate is to develop practical tools to overcome the most pressing legal issues facing commanders across the Western Hemisphere. Legal issues range from the use of force to responsibilities under United Nations mission mandate to protection of civilians to sexual abuse and exploitation. This year’s COJUMA focused on legal issues during peacekeeping operations. During the four-day workshop, participants from across the hemisphere dissected the legal and policy issues confronting troop contributing countries across the globe. To gain a better understanding of the issues, the participants also attended presentations at Uruguay’s National School of Peacekeeping Operations, or ENOPU, as well as a field demonstration put on by the Ministry of Defense. In an interview with Diálogo, Uruguayan Army Colonel Niver Pereira, ENOPU director, said the seminar was very useful for ENOPU because of its functions and needs. “The event was successful for a variety of reasons: the coverage of topics, the quality of presentations, and the participating audience, in addition to the legal issues and possible solutions that were identified to resolve them.” Samuel Londoño, Chief of International Law at SOUTHCOM’s Office of the Staff Judge Advocate, told Diálogo, “COJUMA was a success. Participants recommended that troop contributing countries deploy with their legal advisors to navigate the complexities of today’s peacekeeping operations. The UN representative in attendance said COJUMA’s recommendation of using legal advisors should become a global best practice.” “The expectations of the majority of participants prior to the seminar were to establish contacts, exchange experiences with other countries, and get guidance for action, and all the objectives were met,” added Col. Pereira. The complexity of peacekeeping operations, as well as the number of operations, is expected to grow, thereby, increasing the need for a clear legal and policy framework and effective institutional control mechanisms. “For those of us working on the field in peace keeping missions, the evolution of the measures of performance, particularly in the use of force, as well as the importance of sexual exploitation and abuse topics, the approach and improvement of legal frameworks is an important issue,” said Col. Pereira. History COJUMA was born from the collaboration of eight countries in Central and South America in Panama City, Panama. Today, COJUMA counts on 24 member nations and, to date, it has produced seminal works ranging from military justice to international agreements to creating a blueprint for model military legal corps.last_img read more

Pete Davidson Moved on With Ariana Grande in 2 Days

first_imgCazzie David and Larry David Cazzie David Recalls Shaking Uncontrollably in Dad Larry David Arms After Pete Davidson Moved on With Ariana GrandeCazzie David and Larry David attend the premiere of HBO’s “Curb Your Enthusiasm” at the SVA Theatre in New York on September 27, 2017. Invision/AP/ShutterstockTwo years after Pete Davidson’s whirlwind engagement to Ariana Grande began (and ended), his ex-girlfriend Cazzie David is finally telling her side of the story.The 26-year-old actress and daughter of comedian Larry David was dating Davidson, also 26, for over two years when she hit pause on their relationship in May 2018. According to Cazzie, who detailed their breakup in her book of essays, No One Asked for This, she struggled to convince the Saturday Night Live star that she loved him during their relationship. The author told the Los Angeles Times that she was also scared to give Davidson space because “previously, self-harm and suicide threats had come about from trivial circumstances.”Pete Davidson and Ariana Grande at the MTV Video Music Awards 2018 Cazzie David Recalls Shaking Uncontrollably in Dad Larry David Arms After Pete Davidson Moved on With Ariana GrandePete Davidson and Ariana Grande attend the MTV Video Music Awards in New York on August 20, 2018. PA Images/INSTARimages.com- Advertisement – As social media users continued to gush over Davidson and Grande, things got worse for Cazzie, who told the outlet she couldn’t stop picturing her ex and the pop star “immediately falling in love, accompanied by audio of her baby voice whispering sweet nothings in his ear, dubbed over his past declarations of love and trust to me.”Cazzie called the drama a “really pivotal moment” in her life.- Advertisement – – Advertisement – After eventually initiating a “break” with the King of Staten Island star, who has been open about his bipolar diagnosis, past drug use and mental health issues, Cazzie decided she made a mistake. While she called him two days later, he replied that he was “the happiest he had ever been” and ended their romance for good via text. She subsequently learned via Instagram that Davidson was with Grande — and covered up his Cazzie tattoos.According to the L.A. Times, Cazzie “shook uncontrollably” in her dad’s arms “for the entire flight” to her sister’s college graduation at the time. After falling asleep in their hotel room, she woke up “screaming in agony” — and Larry had enough.“CAZZIE, COME ON!” the Curb Your Enthusiasm star told his daughter. “YOUR ANCESTORS SURVIVED THE HOLOCAUST!”- Advertisement – “And writing about it has caused me a ton of anxiety, especially because I talk so much about hating the attention it brought me. Why would I bring more attention to myself by writing about it? But there’s nothing that’s gonna be worse than what I already experienced with that,” she told the L.A. Times.Cazzie David and Pete Davidson in 2017 Cazzie David Recalls Shaking Uncontrollably in Dad Larry David Arms After Pete Davidson Moved on With Ariana GrandeMatt Baron/ShutterstockUs Weekly broke the news in May 2018 that Davidson and Grande were engaged after weeks of dating. They ended their five-month engagement that October. Two years later, Cazzie and Davidson are on good terms. She even thanked him in her book acknowledgments, writing, “Pete. I love you … Your bravery inspires me and your friendship means the world to me.”Listen to Us Weekly’s Hot Hollywood as each week the editors of Us break down the hottest entertainment news stories!last_img read more

Sergio Ramos has two penalties saved as Spain draw with Switzerland – Nations League round-up | Football News

first_imgSergio Ramos of Spain looks dejected after the UEFA Nations League group stage match between Switzerland and Spain at St. Jakob-Park on November 14, 2020 in Basel, Switzerland. – Advertisement – Highlights of the Nations League Group A3 match between Switzerland and Spain Sergio Ramos had two penalties saved in his 177th game for Spain – the record for most international caps by a European player – before a late goal by Gerard Moreno earned a 1-1 draw with Switzerland in the Nations League on Saturday.Ramos had scored all of his previous 25 penalties but was thwarted when Yann Sommer guessed the right way and repelled his spot kick in the 58th minute to preserve his side’s lead.- Advertisement – The Spain captain, who overtook Italy goalkeeper Gianluigi Buffon’s record for the most international caps by a European player (176), won the first penalty when his header hit Ricardo Rodriguez on the back of the arm, but he failed to capitalise on the advantage.Switzerland had gone ahead in the 23rd minute through Remo Freuler and could have doubled their lead in the second half but Ramos came to his side’s rescue with a goal-line clearance.Spain then earned a second penalty in the 79th minute which led to Swiss defender Nico Elvedi being sent off. However, Ramos was again outwitted by Sommer, who could not be fooled by the defender’s poorly-taken Panenka penalty and easily caught the ball. preview image 3:24 Highlights of the Nations League Group A4 match between Germany and Ukraine 1:35 Highlights of the Nations League Group A3 match between Portugal and France 2:41 Watch Sergio Ramos miss two penalties as Spain dropped points against Switzerland in their Nations League group A4 gamecenter_img France should have been ahead by half-time but Anthony Martial missed three chances, two saved by Rui Patricio and one hitting the crossbar. Jose Fonte hit the post as Portugal pressed for an equaliser in the second half.Timo Werner scored each side of the break to aid Germany’s comeback with a 3-1 win over Ukraine as they topped the Group A4 with a game left to play.The Germans got off to a strong start but had to come from behind after Roman Yaremchuk scored against the run of play to give Ukraine a surprise 12th minute lead.Leon Goretzka set up the next two goals, first launching a quick break and sending Leroy Sane through for the equaliser in the 23rd minute and then controlling a Robin Koch cross and lofting the ball for Werner to head the hosts in front 10 minutes later. 4:34 preview image The decision paid off quickly as the Juventus player had a stinging shot saved and created another chance for winger Emil Forsberg. He gave his side the lead when he held off Mateo Kovacic to side-foot home his first goal for his country in the 36th minute.Danielson made it two in first-half stoppage time, swooping in at the near post to send Sebastian Larsson’s corner flying into the net with a glancing header to cap Sweden’s best 45 minutes of the competition so far.They continued to dominate in the second half but Croatia muscled their way back into the game and pulled a goal back when an Ivan Perisic header deflected off Danielson and into the net.In Nations League C1, Cyprus recorded a first win of the campaign after coming from behind to pull off a shock 2-1 victory over Luxembourg, who finished with 10 men in Nicosia. Montenegro’s goalless draw in Azerbaijan, where they also had a player sent off, was enough to edge them top of the table.Nations League D1 leaders Faroe Islands extended their unbeaten run with a 1-1 draw against Latvia in Riga. Malta came from behind to beat Andorra 3-1 and sit second on eight points, with a game against the leaders next on November 17.Saturday’s only D2 fixture saw leaders Gibraltar held to a goalless draw in San Marino, who played most of the second half with 10 men. Substitute Moreno saved Ramos’ blushes in the 89th minute, finally beating Sommer by lashing home a cross from Sergio Reguilon.Germany lead Group A4 with nine points, while Spain are second with eight and must win Tuesday’s showdown at home to Joachim Loew’s side in order to progress to the final four. Switzerland stay in last place and can avoid relegation to the Nations League League B by beating Ukraine on Tuesday.France handed defending Nations League champions Portugal a rare defeat, winning 1-0 in Lisbon with N’Golo Kante’s second-half strike enough to reach the competition’s final four at the expense of the holders.Kante scored only his second France goal in the 54th minute to leave them top of League A Group 3 with 13 points from five games, three ahead of Portugal and with the better head-to-head record to give themselves an unassailable lead. – Advertisement – Sweden 2-1 Croatia Ukraine almost equalised in the 53rd when Oleksandr Zinchenko’s deflected shot beat goalkeeper Manuel Neuer but bounced off the post.Werner fired in his second goal of the evening in the 64th before Ukraine hit the woodwork twice more in a strong finish.Goals from Dejan Kulusevski and Marcus Danielson snapped Sweden’s four-game losing streak in the Nations League as they beat Croatia 2-1 in Stockholm.Needing a win to avoid relegation from Group A3, the victory keeps Sweden’s survival hopes alive as they head into their final group game against France in Paris on Wednesday, despite still being bottom of the group.Sweden boss Janne Andersson had to watch the game from home following a positive test for COVID-19 and 20-year-old forward Kulusevski was chosen to start up front with Marcus Berg. – Advertisement –last_img read more

‘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