Cost transparency firm hails quartet of ‘exceptional’ asset managers [updated]

first_imgChris Sier, co-founder of ClearGlass and one of the architects of the UK’s new institutional cost transparency code, said: “The response from asset managers has been very encouraging and certainly better than we had anticipated.“We are keen to acknowledge the stand-out performance of these four firms in particular as each, in its own way, has proven itself to be totally committed to the cause of full cost transparency at the earliest possible opportunity.”Baillie Gifford, LGIM, Majedie and MFS all supported a previous incarnation of the disclosure code introduced by the Local Government Pension Scheme. Baillie Gifford director Piers Lowson and Majedie director James Mowat were members of the industry-wide Institutional Disclosure Working Group that came up with the disclosure templates now in use.This article was amended on 10 May to add James Mowat as a member of the IDWG. ClearGlass, a provider of investment cost analysis tools, has praised a quartet of asset managers for “exceptional commitment” to complying with new UK disclosure standards.Baillie Gifford, Legal & General Investment Management (LGIM), Majedie Asset Management and MFS “distinguished themselves by seeking pre-compliance, leveraging internal development teams to rapidly develop the ability to collect data, asking detailed and insightful questions, and/or by returning data within incredibly short timeframes”, ClearGlass said in a statement.The company has analysed costs based on data from 105 asset managers, acting on behalf of UK pension funds. Five investment groups declined to provide data to ClearGlass, it said – although it has refused to name them.“ClearGlass is not at liberty to reveal the names of the five managers who have so far declined to provide any data, as this is a matter for the pension clients of these asset managers and… regulators,” the analytics firm said.last_img read more

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CTO chairman defends new tourism taxes, Trinidad says it will join APD lobby

first_img Share 36 Views   no discussions LifestyleNewsRegionalTravel CTO chairman defends new tourism taxes, Trinidad says it will join APD lobby by: – June 22, 2012 Share Tweetcenter_img Share Sharing is caring! Ricky SkerrittBASSETERRE, St Kitts (CUOPM) — The chairman of the Caribbean Tourism Organization (CTO), St Kitts and Nevis Minister of Tourism, Sen. Ricky Skerritt, has been defending the recent decision by at least two regional governments to introduce new taxes in the tourism sector, even as the region criticises Britain’s increased aviation tax, Air Passenger Duty (APD), which tourism officials say is affecting visitor arrivals to the Caribbean. Earlier this month the Jamaica government announced that, effective August 1 this year, each arriving passenger whose trip originated abroad will be required to pay a US$20 fee. CMC News noted additionally, effective September 1, the government will also introduce an accommodation tax for each occupied hotel room of US$1 per night for properties with less than 51 rooms, US$2 for hotels with 51-100 rooms, while guests at properties with more than 100 rooms will be required to pay a levy US$4 per night.The Baldwin Spencer administration in Antigua recently passed the Airport Administration Charge Act 2012, under which the country’s overall airport taxes have been increased from US$63.75 to US$93.75, and will be added to passengers’ air fare.In Trinidad and Tobago, the Minister of Tourism Dr Rupert Griffith has said he is prepared to approach Cabinet for funds to lobby the United Kingdom government to reverse the controversial air passenger duty (APD) if the region agrees on a co-ordinated approach to lobby against the tax.In a telephone interview with the Business Guardian on Monday, Griffith said the government pays £100 towards the ticket price, which translates to a subsidy of almost $1,000 per English visitor to Trinidad and Tobago.The UK tax was a major issue discussed at last week’s Caribbean Tourism Summit in Montego Bay, Jamaica. David Scowsill, president and chief executive officer of the World Travel and Tourism Council (WTTC), called for a concerted effort to persuade the UK to discontinue the APD on travellers from that country to the Caribbean.“Now we will have to go to war,” Scowsill declared. He added: “This APD is a disease that will spread to other countries unless we stop it now. We have to find a different way to persuade the UK government on its view on the APD and this is going to require money, funds for the lobby organisations and one voice rather than independent voices that are shouting about the issue around the world.”Essentially, the APD places countries in charging bands based on the distance of their capital cities from London. Therefore, flying from London to Los Angeles or Hawaii in the United States is calculated as being the same as to Washington, DC, the US capital, while destinations in the Caribbean are charged at a higher rate. The APD was introduced by the British government in 1994. Since then, there have been several increases, the last of which was in April. “There has been much discussion around the UK’s APD, which was increased again in April this year. Arguments and pleas by the industry have continued to fall on deaf ears,” Scowsill said.“The Caribbean industry has been at the forefront of the argument that the structure of APD leaves the region at a considerable competitive disadvantage compared to other destinations.”Griffith said the Caribbean Tourism Organisation has made two approaches as a co-ordinated group and has spoken to backbenchers from the House of Commons and the House of Lords who are sympathetic to their cause, but the British prime minister and chancellor of the exchequer have refused to budge.The tourism minister said he expected that, by the time the CTO’s annual meeting comes around in September, a position paper will be ready, which will determine the best way forward.Griffith said: “We are very concerned about the effect of the APD on tourism in the region and in Tobago, which relies so heavily on European tourist arrivals. We have lobbied in conjunction with the CTO, and if it means that we have to find funding to lobby harder, then I will go back to Cabinet for that funding because as it stands now, we give a tax incentive to passengers by paying £100 out of the £120 that the UK government charges on a ticket.” Caribbean News Nowlast_img read more

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Missouri St. seeks revenge on S. Illinois

first_imgMissouri St. seeks revenge on S. Illinois Share This StoryFacebookTwitteremailPrintLinkedinRedditSouthern Illinois (16-14, 10-7) vs. Missouri State (14-16, 8-9)JQH Arena, Springfield, Missouri; Saturday, 4 p.m. ESTBOTTOM LINE: Southern Illinois goes for the season sweep over Missouri State after winning the previous matchup in Carbondale. The teams last faced each other on Feb. 8, when Missouri State made only four foul shots on seven attempts while the Salukis hit 15 of 18 en route to a two-point victory. Associated Press For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comcenter_img February 27, 2020 FEARLESS FRESHMEN: Southern Illinois’ Marcus Domask, Eric McGill and Lance Jones have collectively accounted for 53 percent of the team’s scoring this season and have scored 61 percent of all Salukis points over the last five games.DOMINANT DOMASK: Domask has connected on 40.3 percent of the 129 3-pointers he’s attempted and has made 5 of 17 over his last five games. He’s also converted 81.7 percent of his foul shots this season.SCORING THRESHOLDS: Missouri State is 0-11 when opposing teams score 71 or more points. Southern Illinois is a perfect 6-0 when its offense scores at least 70 points.STREAK SCORING: Missouri State has won its last three home games, scoring an average of 83.7 points while giving up 61.3.DID YOU KNOW: Missouri State is rated second among MVC teams with an offensive rebound percentage of 31.5 percent. The Bears have averaged 10.9 offensive boards per game and 13 per game over their last five games.___last_img read more

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African Legends in Town for Ambode’s Match

first_imgSpeaking today’s game in Lagos, Organiser of the event, Waidi Akanni, praised Gov Ambode for the laudable contributions he made towards improving sports sector in Lagos.“ Gov Ambode has created a very conducive environment for sports to thrive in the state. Just take a look at the ongoing reconstruction work at the Onikan Stadium, when completed that edifice is going to be the showcase for others in the country. Likewise, he has also done similarly things in all the key areas that make up the state,” observed the former chairman of Lagos State Football Association.He also listed Nigeria’s Atlanta 1996 Olympic men’s football winning coach, Johannes-Franciscus Bonfrere to lead former Super Eagles stars. The Dutch coach was the engine room of Clemens Westerhof’s all conquering 1994 Eagles that qualified Nigeria for her first ever appearance at the FIFA World Cup in USA.He stressed it was another opportunity to reunite with some of the players that took the world by storm getting Nigeria ranked fifth best football playing country going to USA’94.Bonfere is to be assisted by the duo of former Super Eagles Assistant Coach, Joe Erico and ex international Henry Nwosu‘The Match’ aimed to celebrate Gov. Ambode’s strides in provision of sports infrastructure for Lagos was moved from Onikan Stadium under reconstruction to Agege Stadium, Lagos.Others include; Richard Kingston, Herita Illunga, Christian Karembeu (former Real Madrid and France World Cup winner), Aaron Mokoena and Mamodu Sissoko among others coming for The Match.Former Nigerian stars like Samson Siasia, Austin Eguavoen, Nwankwo Kanu and several of their contemporaries are to also feature at The Match.Proceed from The Match is to be donated to some selected orphanages and also to support children of some indigent former national team players.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram African football legends who have been streaming into Lagos since midweek are to take on their Nigerian counterparts today in ‘The Match’ aimed to celebrate outgoing Governor of Lagos State, Akinwunmi Ambode.The game which a sort of testimonial for Ambode has attracted the likes of former World Footballer of the year and now President of Liberia, George Opong Weah to Agege Stadium, venue of the football showpiece.Other retired top African soccer legends like El-Hadji Diouf, Michael Essien, Samuel Eto’O Fills, Abubarkar Titi Camara, Didier Zokora, Yaya Toure and a host of others will rekindle some of those things that endeared them to football lovers the world over.last_img read more

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ESPYS: Dodgers named the 2020 Sports Humanitarian Team of the Year

first_imgThe Dodgers were named the Sports Humanitarian Team of the Year for their foundation (Los Angeles Dodgers Foundation) that works to improve education, health care, homelessness and social justice in the city. The foundation will use the $100,000 award to continue its programs. Dodgers’ Max Muncy trying to work his way out of slow start Newsroom GuidelinesNews TipsContact UsReport an Error Dodgers hit seven home runs, sweep Colorado Rockies Cody Bellinger homer gives Dodgers their first walkoff win of season center_img Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco According to a team press release, LADF are providing 279,280 meals and $659,227 in in-kind donations to support vulnerable populations who are experiencing homelessness, food insecurity, lack of basic needs and significant anxiety.“Our goal is to achieve the same level of excellence off the field that our fans demand from us on the field,” said Dodgers chairman Mark Walter in the release. “This is much bigger than baseball. We want to tackle the city’s most significant challenges, such as unequal access to education, and we are striving to become the best philanthropic organization in the city working on these issues.”Related Articles How Dodgers pitcher Ross Stripling topped the baseball podcast empire last_img read more

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Iowa Association of Business and Industry has goals for legislators heading into 2020 session

first_imgDES MOINES — The Iowa General Assembly gavels back into session on Monday. J. D. Davis of the Iowa Association of Business and Industry says his organization will continue to support workforce development, but on an even more focused basis. “Where we’ve had the big push is to try to figure out how to do that. Now we’re finding, okay, in this part of the state, we’ve experienced a problem with childcare. People want to work, but it’s expensive and it’s rare to get child care. How do we solve that? Problems with housing for workers. Our members are telling us they could be more successful if they had more people. It’s a wonderful problem to be working on.” Nicole Crain of the Iowa ABI notes how important it is for voters to connect with their representatives during a legislative session.  “We can’t stress enough the importance of contacting your legislator, whether you are the general public or a business owner, and also keeping them engaged and letting them know what’s important to you as their constituent. It’s always important for those individuals who are back home in the district to share their priorities with their legislator, because that’s really how legislation gets pushed forward, and how it gets to the governor’s desk, and ultimately signed and put into law.” You can hear more from Davis and Crain about the upcoming legislative session on the “Iowa Business Report”, which airs on Sunday morning at 7:06 on AM-1300 KGLO.last_img read more

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Murphy Gives OK For In-Person Classes

first_imgAs of Wednesday, June 16, the total number of positive COVID-19 cases state-wide reached 167,703, an increase of 330 overnight. Of that total, there have been 12,769 deaths, an increase of 47 overnight. In Monmouth County specifically, that includes Atlantic Highlands, 34; Colts Neck, 83; Fair Haven, 28; Highlands, 33; Holmdel, 305; Little Silver, 37; Middletown, 742; Monmouth Beach, 21; Ocean- port, 63; Red Bank, 236; Rumson, 40; Sea Bright, 12; Shrewsbury Borough, 54; and Tinton Falls, 216. NEW JERSEY – When students and staff return to college campuses this year, things will look much different than they have in years past, said secretary of higher education Zakia Smith Ellis Wednesday in a press conference. In-person instructionwill be limited to in-personclinical, lab and hands-onprogramming. Instructioncan also occur completelyoutdoors as long as theyabide by outdoor occupancyrestrictions established bythe state. “This is a crucial step that allows schools to plan summer learning programs and special education services that will provide assistance to those students who need it the most,” said Education Commissioner Lamont O. Repollet in a press release. “We’ve heard from countless parents and educators about the importance of summer learning and ESY, especially now that so many students and families have faced unexpected obstacles with remote learning over the past three months. We believe schools can provide the necessary summer instruction while ensuring the safety of students and teachers, and their families.” On the 100th day since the first death of COVID-19 in New Jersey, the state released guidelines for colleges and universities to reopen for in-person instruction this summer and fall, effective July 1. However, institutions will be required to develop restart plans and have them reviewed by the Department of Health at least 14 days before in-person instruction can resume. The article originally appeared in the June 18-24, 2020 print edition of The Two River Times. Some students will be permitted to return to residential facilities, but there must be quarantine and isolation spaces on campus and common spaces must be closed. Campus dining will be adjusted to follow statewide restrictions in place currently, as will transportation and athletic operations. Career and training schools may also reopen July 1 in accordance with proper safety and health protocols. “We know that many students prefer in-person learning, particularly those who are experiencing hardship,” or for those whose home environment isn’t favorable for educational purposes, said Ellis. Individuals on campus will be required to wear face masks or coverings in indoor spaces and are recommended to do the same outdoors, especially when others are present. Institutions will be responsible for creating testing protocols and accommodating anyone with positive diagnoses or symptoms of the virus. Social distancing will be mandated and equipment must be sanitized regularly, Ellis said. All in-person programs must be conducted with proper health and safety protocols, according to the state, and remote learning may still proceed for students after July 6. Programs may include traditional summer school, ESY programming with appropriate instruction for special needs students, credit recovery programs and more. Earlier in the week, the Department of Education released guidelines for summer education programs to be conducted in-person, including extended school year (ESY), according to the governor’s office. It will take effect July 6. “As we move forward in our restart and recovery, these institutions will play a huge role. They are where our future workforce is being created and where many advances in the life sciences and engineering and in other areas that will have a tremendous impact on our larger economy, are taking shape,” said Murphy Wednesday. “Their health and the health of everyone on campus is critical to the overall public health of our state.” By Allison Perrine last_img read more

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Mike Fiers sharp, Khris Davis crushes in A’s Opening Day win over Angels

first_imgOAKLAND — A return to the Coliseum may have been all Mike Fiers needed to get back on track.Starting his second Opening Day in nearly the span of a week, Fiers made up for the poor first one in Japan by looking more like the pitcher who piloted the A’s 2018 playoff run in Thursday’s 4-0 win over the Los Angeles Angels.Command was an issue for Fiers in his first start and still somewhat of a problem against the Angels — he walked three batters and hit another. But leaving the Tokyo Dome, where …last_img read more

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South Africa’s sugar tax: a bold move, and the right thing to do

first_imgSouth Africa is implementing a sugar tax in April this year. Government and health authorities hope it will curb non-communicable diseases and obesity. Researchers from the University of Pretoria investigate how effective the tax will be.The sugar tax, effective 1 April 2017, can contribute to curbing diseases such as diabetes and reduce obesity. Researchers say non-communicable diseases have a significant impact on economic development. (The Conversation)Hettie Carina Schönfeldt, Beulah Pretorius and Nicolette HallSouth Africa’s planned sugar tax has come under severe scrutiny from its parliamentarians. The questions they’re grappling with are whether the country needs a tax and how effective it will be.The tax is planned to take effect on 1 April 2017. It’s designed to reduce sugar intake from sugar-sweetened beverages by upping the price with a 20% fiscal tax.The South African health authorities’ plan to issue a sugar tax must not be seen in isolation. It is part of the South African National Department of Health’s strategic plans to prevent and control non-communicable disease, and obesity.These strategies have set the ambitious target of reducing obesity by 10% by 2020. And they include salt reduction legislation, trans-fat regulations, and stricter label and advertising regulations.The reality is that the move to introduce the sugar tax is necessary because of the scourge of non-communicable diseases and obesity in the country.The rise of non-communicable diseases It is not unusual for populations that modernise as a result of socioeconomic development to have changes in their dietary patterns.But the move from traditional foods to more processed and convenience foods is linked to weight gain and an increased risk of developing diet-related non-communicable diseases such as high blood pressure, heart disease and diabetes.Non-communicable diseases have become the leading causes of death in low- and middle-income countries. South Africa is no exception. It has the highest rates of overweight and obese adults in Africa. Nearly one in every seven South African women is affected. And 40% of deaths from non-communicable conditions among men occur before they turn 60.In its second National Burden of Disease Study South Africa’s Medical Research Council tracked mortality levels and trends for non-communicable diseases between 1997 and 2012. It found that by 2010 non-communicable diseases had become one of the top causes of death in the country. They accounted for 39% of all fatalities putting them on par with the number of people dying from HIV/AIDS and tuberculosis combined.The World Health Organisation predicts that by 2020 these diseases will account for 80% of the global burden of disease. They will be responsible for seven of every 10 deaths in developing countries.Currently, a third of these premature deaths in lower income countries occur in people under the age of 60. In high income countries the proportion is only 13%.The impact of non-communicable diseases has a significant impact on economic development. The accumulated loss to South Africa’s gross domestic product between 2006 and 2015 from diabetes, stroke and heart disease was estimated at US$1.88 billion. The World Economic Forum has estimated that other industrialised countries such as Brazil, China, India and the Russia lose more than 20 million productive life years annually to non-communicable diseases.An obese nationIn addition to sharp increase in non-communicable diseases, obesity has also risen at an exponential rate. The number of overweight and obese children in South Africa has increased from 1.4% in 1994 to more than 15% in 2004.And the obesity phenomenon has come about before South Africa has been able to win the battle against under-nutrition. While there has been a rise in the number of overweight and obese people, many are still undernourished because their food choices deprive their bodies of essential nutrients (energy, vitamins and minerals).The changes in South Africans’ dietary patterns over time have included: more foods rich in total and saturated fats, less legumes and vegetables, and more energy-dense, micronutrient-poor snack foods, convenience foods, vegetable oils, and more sweetened products and beverages.Adding salt, sugar, fats and oils during food preparation has also increased. Although studies show that people are eating more fruit and meat than 10 years ago, people are still not consuming enough variety of foods to meet all the recommended macro- and micro-nutrients for optimal health and wellbeing.Global commitmentsAs the world continues to win battles against HIV/AIDS and other communicable diseases, the national burden of disease attributed to non-communicable diseases is expected to intensify.In the next 10 years it is estimated that the global non-communicable disease burden will increase by 17%. In Africa, this figure will be closer to 27%.Globally governments are being forced to pay more attention and intensify their actions against these diet-related diseases. As a member state to the United Nations, South Africa has signed various global resolutions and commitments on food and nutrition. By implementing the sugar tax, South Africa is simply heeding to its international commitments.Associate professor Hettie Carina Schönfeldt, Beulah Pretorius and Nicolette Hall are researchers in human nutrition and food composition at the University of Pretoria. The article was originally published in The Conversation. Read the original article.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

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Thoughts on transporting the upcoming harvest

first_imgShare Facebook Twitter Google + LinkedIn Pinterest At this time of the year, I start to get questions regarding our transportation system’s ability to handle the impending harvest.  Below are some thoughts that may be of interest.From having my ear to the ground and visiting with various grain handlers, I am pretty confident our nation’s railroads will be able to accommodate the upcoming harvest.  Over the past couple years, railroads have devoted significant resources to improving the condition of their networks.  Without question, there are additional locomotives, track, and personnel available today to meet the needs of rail customers compared to previous years.  Railroads should be commended for this level of investment.While railroads have invested more in their networks, it is anticipated that volumes transported will be restrained due to farmers electing to store their grain and soybeans.  We witnessed this last year – particularly with corn.  The further retreat in prices will result in a growing number of farmers deciding to hold onto their harvest – hoping for a more opportune time to sell.  Of course, there is a limit to how long a farmer can store his or her grain and soybeans, but on farm storage will be increasingly utilized this year.Compared to previous years, a projected anemic export program will result in less volume being absorbed by the railroads and further contribute to on farm storage.  As many are aware, the strengthening of the dollar, the further depreciation of the Chinese yuan, the weakening of the Brazilian real compared to the dollar (29 percent thus far this year), and the overall concerns with the Chinese economy are producing significant headwinds for U.S. agricultural exports – especially soybeans.  The good news is that there will likely be sufficient transportation supply to accommodate demand.  The bad news is that the increasingly unfavorable economics facing the industry is a key contributing factor.Of course, the main wildcard regarding rail service is weather.  Both volume of snow and severity of temperatures can significantly curtail railroad network performance.  This was vividly on display in early 2014 when railroads struggled to absorb the 2013 harvest, in part due to a historic winter in many areas of the country.Given the challenges and concerns confronting the industry, increased focus should be on those opportunities to reduce the costs associated with our transportation system.  As I like to suggest, the profitability of the American farmer is not just a function of increased supply and increased demand.  It is also a function of increased connectivity between supply and demand.  Transportation is that connectivity.  Much of the work of the Soy Transportation Coalition, and other agricultural organizations, is to remove costs from the entire transaction so that the per bushel cost to our customers is less than before.last_img read more

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