Force for change

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Hymans: UK DB trustees offer financial advice to retiring members

first_imgHe added that a DB pension is “now likely to be an individual’s most valuable asset, more so even than a property.” He said this intensifies the need for quality, trusted advice to be available at the point of retirement.“By facilitating or contributing towards the cost of this, trustees can help ensure that their members’ retirements are in trusted hands.”He continued: “Regardless of how active an approach a scheme takes to member options, at some point their members are going to want to talk to someone they can trust about the choices they have.” According to research by Hymans Robertson, more than a third (34%) of defined benefit (DB) pension trustees have taken steps to facilitate reputable financial advice for their members as they approach retirement.In the second instalment of its Evolution of Member Options report series the consultancy found that this trend is likely to grow as a further 11% of trustees have plans in place to offer this service in the next 12 months.By providing this clear route to trusted advice, trustees and plan sponsors will benefit from a membership that is more likely to be fully engaged with their retirement choices making them less at risk of being victims of unscrupulous financial advisers, teh report suggested.Ryan Markham, head of member options at Hymans Robertson, said: “Financial advice is complex, but crucial for members. Without it, they are, at best risking sleepwalking into retirement and, at worst they’re in danger of getting picked off by scammers.”last_img read more

Mike McCarthy on Packers firing: ‘It couldn’t have been handled any worse’

first_img“The timing surprised me. Actually it stunned me,” McCarthy said. “But time provides the opportunity for reflection and clarity and that’s where I’m at now. And it’s clear to me now that both sides needed a change.”McCarthy’s firing came after the Packers lost to the Cardinals on Dec. 2, marking the first time Green Bay made an in-season coaching change in more than 60 years. He explained he was called into Packers president Mark Murphy’s office after the loss where the two discussed his future with the organization. Related News Veteran WR Jordy Nelson retiring, former teammate says Mike McCarthy, fired in December by the Packers after nearly 13 seasons, went into detail about his dismissal for the first time in a candid Q&A with ESPN. McCarthy believes the situation “couldn’t have been handled any worse” and explained that his exit stuck with him for a while as he has spent time figuring out what’s next for him. McCarthy described the conversation to ESPN:”Anytime you lose a close game, it’s a difficult time emotionally afterwards, but when you lose a home game at Lambeau Field in December, it’s really hard. And that hasn’t happened very often. I walked out of my press conference, and I’m thinking about the game, thinking about how our playoff shot was now minimal. That’s where my head was at. And when I was told Mark Murphy wanted to see me — and the messenger was cold and the energy was bad. Mark said it was an ugly loss, and it was time to make change. He said something about the offense and the special teams, and he didn’t think it was going to get any better. There was no emotion to it. That was hard,” he said.”Every time I released an individual, you get your words right. There’s a personal component to it. You know he has a family. He’s family. There wasn’t any of that. So that was off. The way people leave that building was very important to me. That’s a part of the business,” McCarthy said. “Hopefully moving forward for guys like Clay (Matthews) and Randall (Cobb) and Nick Perry and Jordy Nelson and T.J. Lang, it’s important for them to leave the right way. That way represents the Green Bay Packers standard that I tried to uphold every day.” When asked if McCarthy believes he deserved a better ending, he said: “Obviously.”McCarthy went on to say his dismissal “was hard to swallow,” but he received an outpouring of support from a variety of former players, owners and media members that made it more bearable.”When we won the Super Bowl, I received over 200 texts. That week, I had over 500,” McCarthy said. “I got more than twice as many messages for getting fired then I did when I won the damn Super Bowl. It’s remarkable. They were from current and former players, competitors, owners of other NFL teams, politicians, media members, guys I competed against that I had never even talked to. I was blown away by it, and still am.”last_img read more

Champions Upper Hill into Copa U16 semis

first_img0Shares0000Vincent Kalutu of Langata School tackles Eric Linox of Lenana School (Left) in the Copa Coca Cola under sixteen matches at Lenana School in Nairobi today. Langata won the match 3-1.NAIROBI, Kenya, June 27 – The COPA Coca-Cola Under-16 football Nairobi region quarter finals posted mixed results as defending regional champions Upper Hill stamped their authority with a 4 -1 victory over their worthy opponents Dandora Secondary School.Andrew Teddy of Upper Hill Opened the score-line within the third minute, it took half an hour before either team scored and in the 35th minute, Jumu Joshua equalized for Dandora. In the second half, Upper Hill came from the rest guns blazing and scored two goals in the 64th minute through Budi Erick as Gona Boku sealed a semifinals place for Upper Hill.“The boys are prepared for the team that we will face in the semis, their morale is high, and this win has given them the impetus to win,” said Upper Hill Coach Gilbert WalusibiVincent Otieno of Dandora Secondary School (left), tackles James Owuor from Upperhill School during the Copa Coca Cola under sixteen matches at Lenana School in Nairobi today. Upperhill won the match 3-1Langata High School also made their intentions known after cruising past hosts Lenana School with a 4-2 win.Lenana will have themselves blame after failing to capitalize a 2-1 lead until the 87th minute. Langata made a dream comeback to win the match through Mubuan Bur heart-trick and William Chemimir fourth goal that was caused by a defense blunder.In the girls category, Dagoretti Mixed Secondary School mauled Starehe Girls High School 9 nil to book a place in the Nairobi region semi-finals through Purity Dobister in the second minute after the kickoff, following a floppy move by the Starehe center-back, a minute later jersey number 11 Selphine Buchete made it two goals.Dagoretti’s Asuga Peris dribbled past Starehe defense to score the third goal in sixth minute. Joyline Orome scored the heart-trick of the day as she easily weaved through the Starehe defense line. Joy Kanja’s double in the 30th and 35th minute and Mary Atieno’s in the 70th minute sealed the fate for Starehe Girls High School Under-16 team.Highridge Secondary School shot to the Semis with an emphatic 5 -1 score against Ruai Secondary School. Highridge might just have the fastest score of the tournament after hitting the net within 30 second from the start.Yvette Nyawire opened the scores for Highridge then followed with another at the 6th minute. Patricia Wambui scored 2 goals also and Jane Wanja sealed the win for the Highridge girls.Starehe Girls Bancy Mutie fights (left) for the ball with Selphine Buchete of Dagoreti Mixed High school during he Copa Coca Cola under sixteen matches at Lenana School in Nairobi toady Dagoreti Mixed High school won the match 9-0.The consolation goal for Ruai was scored by Jasmine Dianah in the 26th minute. The teams displayed a lot of discipline and sportsmanship throughout the match.At the Dagoretti pitch, Olympic Girls were defending their regional title up against OLM, they won the match on a 5-1 score.At the same time, Pangani Girls sailed through to the semis after seeing off BuruBuru Girls 2-1 at Dagoretti High School pitch.Dagoreti Boys High School sealed their semis place after an emphatic 2 nil win over Ofafa Jericho Secondary School. Waylight will faceoff Dagoreti High School after winning their quarter finals fixture against Uhuru by 2-0.The tournament enters day two semifinals as it seeks to establish Nairobi representatives for the National games to be held in Kisumu.0Shares0000(Visited 4 times, 1 visits today)last_img read more