Dutch roundup: ABP launches energy transition fund

first_imgABP said its investments in sustainable energy were aimed at carbon reduction and increased energy efficiency.It added that its investments through ANET would specifically target energy techniques, including hydrogen, energy storage, thermal grids, geothermal energy, waste processing and biomass, as well as electric vehicles and related infrastructure.Smurfit Netherlands targets liquidation Dutch civil service scheme ABP has launched an energy transition fund focusing on local small projects and companies involved in the generation, distribution and usage of energy.The €399bn pension fund said that it would immediately commit €50m to the fund, known as ANET, with more commitments likely in the future.“We want to be a social partner for the local energy transition and take our responsibility for tackling climate change,” said Geraldine Leegwater, board member at ABP. “ANET enables ABP to make an extra step in contributing to the transition to sustainable energy, while also generating decent returns for ABP’s participants.”The Netherlands has committed to reducing carbon emissions by at least 49% by 2030, relative to 1990 levels. Packaging company Smurfit Kappa is seeking to merge away one of its two pension fundsThe board of the closed pension fund Smurfit Netherlands aims to liquidate and transfer its assets to insurer Nationale Nederlanden and sister scheme Smurfit Kappa.The two Smurfit pension funds originate from a merger in 2005 between a former subsidiary of Irish firm Smurfit and Dutch company Kappa, resulting in a large worldwide manufacturer of packaging.The new company started merging its two pension funds in 2017, when the Smurfit Kappa scheme took over pensions accrual for the participants of its sister scheme, which subsequently closed to new entrants.Pension fund Smurfit Netherlands, which has 1,200 participants, runs a defined benefit (DB) plan for salaries up to €40,000 and a defined contribution (DC) scheme for any earnings over this level.However, it has now decided to liquidate altogether, citing significant costs of maintaining the scheme, increasingly complex legislation and regulation, and stricter requirements for trustees.If regulator De Nederlandsche Bank (DNB) approves the liquidation plan, Smurfit Netherlands’ pension assets accrued under its DC scheme – and currently managed by NN Investment Partners – will move to Smurfit Kappa.Its €150m of DB capital will transfer to Nationale Nederlanden.Steven Stoffer, chairman of the €700m Smurfit Kappa fund, said his scheme would continue to exist “in particular as its funding has increased to over the required minimum level of 104.3% in 2018”.Pensioenfonds Smurfit Kappa has approximately 5,000 participants and has outsourced asset management for its DB plan to PGGM.Robeco runs the pension fund’s DC arrangements, and NN subsidiary AZL is its administrator.Professional pension advisers join forces in PensioenordeTwo Dutch industry organisations for pension advisers and experts have joined forces in order to increase the professionals’ voice in debates about various issues.The Register Pensioenadviseurs (RPA) and the Nederlandse Orde van Pensioendeskundigen (NOPD) have named their new merged organisation Pensioenorde.It will be co-chaired by Borgert Tegel and Johan van Eekhout, the chairmen of the NOPD and RPA, respectively. “We want to increase the combined number of members from 300 to 500, covering more than 50% of the market,” said Tegel.He added that the goal was to become a true occupational association, with education requirements as well as disciplinary rules. Tegel said the Pensioenorde wanted to join debates about new rules and legislation “as we see in practice where things can go wrong”.He said that the organisation had already taken part in consultations on new rules about pensions and divorce.The members of the Pensioenorde work at a variety of large and small consultancies, but have joined the organisation on an individual basis. However, Tegel said that the industry organisation would also open its membership to companies.last_img read more

CAA Officials Express Satisfaction with Preparation for Asaba 2018 Â

first_imgThe inspection team also visited the equipment room to see firsthand the apparatus that have been acquired by the hosts.After an extensive exercise, the CAA officials expressed great satisfaction with what was on the ground; noting that the equipment already in place are not only new but they are the required standard for the African championship.According to a statement issued by Head Media, and Publicity for Asaba 2018, Olukayode Thomas, the visiting CAA officials were elated that the hosts have even more than what is required of them for the continental championship.The CAA officials were taken round by the Head of Technical for Asaba 2018, Yusuf Alli who explained in detail the innovations being planned to make the 21st African Senior Athletics Championships the best ever.In his remark, Vivian who also doubles as the Director Technical of the CAA commended the LOC for how far they have gone and what they already have in place.He, however, called on Alli and his team to hasten work in few areas still lacking.The LOC Chairman, Solomon Ogba thanked the CAA officials for the visit and assured that the Delta State Government is leaving no stone unturned in making Asaba 2018 a memorable one.“I must say the Governor is personally interested in this project and he has been giving us all the support needed, Asaba 2018 will bring lasting legacies to Delta State” he assured.Apart from Ogba, those on the facilities tour inspection with the CAA officials include the Asaba 2018 the LOC Vice Chairman Tony Okowa, Consultant to the championship, Bukola Olopade and Head of Security sub-committee, Commodore Omatseye Nesiama. Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Officials of the Confederation of African Athletics (CAA) over the weekend inspected facilities being put in place to host the 2018 African Senior Athletics Championships in Asaba, Delta State.Gungaram Gerard Vivian who is the Vice President of the CAA and Lamine Faty – Chief Executive Officer of the African athletics body were both on the ground to ascertain Nigeria’s readiness for the biennial championship.Yesterday, the CAA officials went around the main bowl of the Stephen Keshi Stadium; visiting the warm-up area, main track, media area, technical, VIP and the VVIP rooms.last_img read more

Bulldogs players say change to Pay was needed

first_imgAnd it seems quite a few Bulldogs players share that sentiment.”Contrary to popular opinion, I didn’t come here just because of Des. I was disappointed for him the way things turned out,” Foran told NRL.com, referring to Hasler being shown the door in September. The premiership-winning coach has since launched a legal challenge over the way the split took place.”But I’ve been really enjoying my time under Dean. It’s been great to be coached by him.”He’s a different style to Des as every coach has their own way. But I am enjoying Dean’s spin on things.”The boys have really bought into the culture and the type of footy he wants to be played here.”Foran isn’t the only one enjoying the changing of the guard at Belmore.”There’s quite a bit of difference. Des was a lot about his videos whereas Dean doesn’t really get into much video,” said back-rower Greg Eastwood.”He’d rather show us on the field and I kind of prefer that. I don’t like sitting and watching too much video, I’d rather be out there putting into practice those things so I know what he wants me to do.”Veteran centre Josh Morris, who like Eastwood was present for the Hasler reign from 2012-2017, can also see some stark changes.”They are completely different. Dean is a bit more laidback in the way he goes about his business than Des,” Morris said.”But there’s been a lot more emphasis on skill during the pre-season. I feel like I’ve definitely got a lot more skilful.”Maybe we haven’t really showed it much so far but hopefully the skills and drills sessions we had will show throughout the year, and we create more opportunities on the back of that.”At the quarter-season mark, the Bulldogs are 2-4. The 27-10 win over North Queensland on Saturday was the most points Pay’s men have scored over 80 minutes.Skipper Josh Jackson said the “new feel” began when Pay had large banners erected on the western fence celebrating each premiership and grand final the Bulldogs have played.”It’s great to see what players have done before us. It is a real responsibility of us to make sure we uphold the value of the jersey,” Jackson said. “We are custodians of that jersey now. We want the next generation of players to be proud of us too.”I can’t pinpoint one or two things that are different because it’s quite a number of things. It’s not that I didn’t enjoy it last year, or the players didn’t. It’s just that is very different and we needed a breath of fresh air.”last_img read more