Consumer group issues stark capital protection warning over PEPP

first_imgIf not, then PEPP documents “should at the very least include a prominent warning about the devastating impact of inflation and fees on the real value of pension savings over time”, Better Finance argued.“Otherwise, [we] will have no choice but to strongly recommend for EU citizens to steer clear of such a misleading and value-destroying option,” the group said.A recent study conducted by Better Finance – albeit based on a limited sample – found that “fund documentation in the US… contains more and far clearer information on the evolution of asset allocation over time” than proposed documents for the PEPP.“What’s more is that the average annual fee for these funds was found to be above 1.6% in the EU, versus about 0.6% in the US,” the lobby group added.Better Finance has also argued in favour of PEPP providers having to “publish their past performance alongside the PEPP’s past performance for at least the last 20 years”.Alternatively, the results should be made known “since the inception of the product”, it said. The group noted that this was suggested by the parliament’s Economic and Monetary Affairs Committee (ECON) in a draft report.A compromise position for PEPP is being sought in Brussels by 10 September. A financial services lobby group has raised concerns over lack of capital protection measures in the current development of legislation for pan-European personal pension products (PEPP).Better Finance, a Brussels-based lobby group for consumer protection, aired its protests as European politicians worked towards a PEPP regulation, with discussions taking place involving the European Parliament and national government representations.The group told IPE that it had repeatedly emphasised that a real capital protection or guarantee implied that capital must be “calculated on the basis of the amounts saved before the deduction of all accumulated fees, charges and expenses directly or indirectly borne by investors”.It added that this should be in real terms, if possible, “offsetting the heavy negative impact of inflation over time”.last_img read more

The scourge of sexting in schools (Aust)

first_imgThe Daily Telegraph 20 September 2014Teachers say that last year there were five times as many reports of students sending unwanted suxually explicit photos to classmates than in 2012.A report by the Department of Education says there were just 10 incidents reported in 2012, but the number soared to 54 last year.In one incident at a southwest Sydney school in 2012, a Year 9 girl uploaded a naked image of herself on a website.A female student from ­another school saw the image, took a photo of it, and sent it to another student — who sent it to everyone in her mobile phone contacts.In a 2013 incident in the New England region, a teacher overheard male students talking about “inappropriate” photos being sent by a female student. Police were called to the school after it was discovered the girl had “multiple, ­inappropriate photographs of unknown males” in her phone. read more

At least 21 killed in Papua protests

first_imgThe protests on Monday – the latest violencein the region – were allegedly triggered by a teacher’s racist comments.       Hundreds of protesters, mostly high school students, set several buildings on fire in Wamena, Indonesia on Monday, killing at least 21 people. GETTY IMAGES Among the dead were those trapped inside thebuildings in Wamena City.          INDONESIA – At least 21 people were killed anddozens were injured after hundreds of protesters, mostly high school students,set fire to several buildings in Papua province. Last month, the region has been rocked by massdemonstrations in response to claims of racism.     Meanwhile, four people died in a separateincident in the provincial capital of Jayapura where a mob of studentsreportedly attacked a soldier and police officers with machetes and rocks,bringing the total death toll to 25.   The previous protests stemmed from an incidentwhere nationalist groups accused Papuan university students in Surabaya ofdamaging an Indonesian flag during Independence Day celebrations.(BBC)last_img read more

Here’s Hulk Hogan’s crazy life style

first_img Loading… The all-American hero, who spouted catchphrases like, “Whatcha gonna do, brother?!” won the then-WWF Championship five times during a career that began with the federation in 1983. But as the now 66-year-old, real-name Terry Bollea, became a household name his reputation was soon tarnished by crazy antics and wild scandals. There was a sex tape with the wife of his best friend, accusations of racism, and a former opponent once pulled a gun on him. After he and his ex-wife Linda Hogan were banned from attending AEW shows by Tony Khan because of a controversial tweet about the George Floyd protests in America, SunSport looks at his mad life, that is set to be featured in a Hollywood movie starring Chris Hemsworth. In 2012, a sex tape featuring Hogan and Heather Clem, the estranged wife of his best friend Bubba the Love Sponge, emerged online. A few months later, American blog Gawker, which has since folded, published a small snippet of the tape online. In the clip, Bubba can be heard telling Clem and Hogan to “do their thing” while he works in his office. Once they’ve finished having sex, Hogan turns to Clem and says, “If we ever need to retire, here is our ticket”. Hogan filled a lawsuit against Heather and Bubba for invasion of privacy, winning a settlement. He was also awarded £91million after successfully suing Gawker for defamation, loss of privacy, and emotional pain. In 2016, with Gawker dissolving, they settled on £25million. “It was a bad choice and a very low point,” Hogan later told radio shock-jock Howard Stern. “I was with some friends and made a wrong choice. It has devastated me, I have never been this hurt”. Hogan was fired from the WWE, removed from the Hall of Fame and axed from their YouTube channel after a racist rant about his daughter Brooke’s former boyfriend – rapper Stacks – emerged from the sex tapes with Clem. In audio that was released by the National Enquirer and the Death in Taxes website in 2016, Hogan is heard telling Clem, “I don’t give a f*** if she (inaudible) an eight foot tall basketball player. “If we’re gonna f*** with n*****s, let’s get a rich one!” He also admitted he is “racist to a point.” “I’m not a double standard type of guy,” he continues to Clem. “I’m a racist to a point, y’know, f****** n*****s, but then, when it comes to nice people…” Hogan later went on US TV show The View and admitted he was very sorry for the incident and it was “probably the stupidest thing I ever said.” He added: “The people who know me know I’m not a racist.” There are two legends to this story. But it’s worth explaining how the beef unfolded first. National Wrestling Alliance legend Harley Race was said to be so angry about the WWE invading NWA territory in the mid 1980s, he took the law into his own hands. He raced to a WWE event at the Municipal Auditorium in the NWA stronghold Kansas City, and broke into a dressing room to find Hogan. It’s said Harley walked up to his foe, who was seated, slapped him in the ribs and knocked him to the floor. read also:Mike Tyson is on steroids, MMA star accuses former world champ When Hogan sheepishly told Harley he was surprised his assailant wasn’t packing a piece, Race pulled out a .38 Special. However, Hogan has a different version that he revealed to Ric Flair during his podcast in 2015. He said he had heard from the ring crew that Race was in the building and had tried to set fire to the ring. To avoid a confrontation, Hogan went across the road to a dive bar where he drank two bottles of wine before returning in time for the main event. Hogan was on the toilet, when Davey Boy Smith ran in and screamed, “Harley’s here! Harley’s here!” Immediately, he left the cubicle to find Race standing in front of him with a gun threatening to blow his kneecaps off, unless he got the chance to work with him. Hulk shook hands with Race and agreed to introduce him to Vince McMahon. Race joined the WWE in 1986. Since it was released in 1994, the ‘ George Foreman Lean Mean Fat-Reducing Grilling Machine’ has sold over 100 million units. FacebookTwitterWhatsAppEmail分享 center_img Hulk Hogan is arguably the most recognisable wrestler ever to have come out of the WWE.last_img read more

Sri Lanka beat Zimbabwe by 225 runs in first test

first_img(REUTERS)-Sri Lanka ended Zimbabwe’s day-long resistance seven overs from the end of play to grab victory by 225 runs on the final day of the first Test at the Harare Sports Club yesterday.Zimbabwe were bowled for 186 runs in their second innings within sight of what would have been a morale boosting draw.Sri Lanka’s Dilruwan Perera and stand-in skipper Rangana Herath took three wickets each with Perera bowling out tailender Chris Mpofu in the 91st over of Zimbabwe’s second innings to clinch victory despite a gallant knock by captain Graeme Cremer, who followed up a first innings century with a stubborn 43.Sri Lanka declared their second innings as expected at the start of the day on 247 for six, leaving 98 overs to bowl out the hosts, who were set a near-impossible target of 412 to win. Zimbabwe’s openers saw off the first 16 overs before Brian Chari was bowled for 10 and they then lost four wickets in 23 balls before lunch.Sean Williams’ 40 took Zimbabwe to 136-6 at tea but he was dismissed in the first over of the last session. Cremer saw Zimbabwe into the final hour before being stumped for the ninth wicket with 10 overs left.“We are definitely upset that we couldn’t last the (final) couple of overs. But to last that long was good for test cricket and there are a lot of positives to take from it,” said Cremer.SRI LANKA 1st innings 537 (U. Tharanga 110no, K. Perera 110, K. Silva 94, D. Karunaratne 56, A. Gunaratne 54; G. Cremer 4-142)Zimbabwe 1st innings 373 (G. Cremer 102no, P. Moor 79)Sri Lanka 2nd innings (Overnight: 247-6 declared)ZIMBABWE 2nd innings (Target: 412 runs)T. Mawoyo lbw b D. Perera 37B. Chari b Kumara 10H. Masakadza lbw b Lakmal 20C. Ervine lbw b D. Perera 0S. Williams c D. de Silva b Herath 40M. Waller lbw b Lakmal 0P. Moor lbw b Kumara 7G. Cremer st K. Perera b Herath 43D. Tiripano lbw b Herath 0C. Mumba not out 10C. Mpofu b D. Perera 0Extras (b-5 lb-13 w-1) 19Total (all out, 90.3 overs) 186Fall of wickets: 1-31 B. Chari,2-68 T. Mawoyo,3-74 C. Ervine,4-74 H. Masakadza,5-74 M. Waller,6-100 P. Moor,7-139 S. Williams,8-145 D. Tiripano,9-183 G. Cremer,10-186 C. MpofuBowling: S. Lakmal 24 – 6 – 43 – 2,R. Herath 30 – 13 – 38 – 3,L. Kumara 19 – 3 – 45 – 2(w-1), D. Perera 15.3 – 4 – 34 – 3,K. Mendis 2 – 1 – 8 – 0.last_img read more

Cricket News Lasith Malinga Back In Sri Lanka Squad For Three T20I Series Vs Australia

first_imgNew Delhi: Lasith Malinga had missed the Pakistan series due to security fears but the Sri Lanka cricket team still managed to whitewash the No.1 ranked Twenty20 International side 3-0. However, Malinga, considered one of the best T20I bowlers in the world is back for the three-match Twenty20 Internationals against Australia starting on October 27. The series will feature three Twenty20 Internationals which will be played on October 27, October 30 and November 1 in Adelaide, Brisbane and Melbourne. Apart from Malinga, Sri Lanka sees the return of Kusal Perera and Niroshan Dickwella who had also missed the Pakistan tour. During the recent series against Pakistan, the likes of Bhanuka Rajapaksa and Wanindu Hasaranga shone through. Hasaranga was named the Man of the series for his all-round skills while the likes of Oshada Fernando also impressed. Nuwan Pradeep and Isuru Udana shone with the ball as Pakistan were whitewashed 3-0 for the first time in Twenty20 Internationals since 2015, when England whitewashed them in the UAE.Malinga has been in top form in Twenty20 Internationals and he put on a magnificent display in the series against New Zealand. In the first match, he tied the record for the most wickets in Twenty20 Internationals but in the final match at Pallekele, Malinga showed his brilliance. He became the first and only bowler to take four wickets in four balls in both ODIs and T20Is as he picked up 5/6 to decimate New Zealand. With that feat, Malinga became the first bowler to take 100 wickets in T20Is and the first to take 100 wickets in all three formats.Sri Lanka have a wonderful record against Australia in Twenty20 Internationals. In 13 matches, Sri Lanka have won eight and lost five but remarkably, they have won five out of their six encounters in Australia alone. In the first encounter between the two sides in 2010, Sri Lanka were victorious in Perth. In 2013, during the two-match series, Sri Lanka won by five wickets in Sydney and by two runs in Melbourne. The winning run continued in 2017 when Sri Lanka won the first two games in Melbourne and Geelong by five wickets and two wickets respectively while Australia won for the first time at home against Sri Lanka with a 41-run win in Adelaide.Also Read | Lasith Malinga Achieves New World Record In Twenty20 Clash Vs New ZealandThe squad: Lasith Malinga (Captain), Kusal Perera, Kusal Mendis, Danushka Gunathilaka, Avishka Fernando, Niroshan Dickwella, Dasun Shanaka, Shehan Jayasuriya, Bhanuka Rajapaksa, Oshada Fernando, Wanindu Hasaranga, Lakshan Sandakan, Nuwan Pradeep, Lahiru Kumara, Isuru Udana and Kasun Rajitha. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

The Latest: Hungary allows sports clubs to cut salaries

first_imgThe decree signed by Prime Minister Viktor Orban says the wage cuts can be implemented for as long as the state of emergency declared because of the coronavirus pandemic remains in effect.Hungarian lawmakers approved a state of emergency on March 30 without an end-date. That gave the government the right to rule by decree on issues related to the pandemic for as long as it considers it necessary.___More AP sports: and,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 April 23, 2020 Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___A decree issued by the Hungarian government allows most professional sports clubs and soccer teams to cut the salaries of players and other personnel like managers and trainers by up to 70%. The Latest: Hungary allows sports clubs to cut salaries Associated Press last_img read more

Referees Back to School in Garden City

first_imgAFRICAN WRESTLING CHAMPIONSHIPAfrican wrestling referees will be back to school today and tomorrow to boost their knowledge of the sport ahead of the Africa Wrestling Championship taking place in Port Harcourt this week.Twenty-five countries from the continent have sent in entries for the Africa Wrestling Championship taking place between February 7 and 11 at the Alfred Diete Sports Complex in the Garden City. The venue is incidentally also the place scheduled for the referee’s course. The President of the Nigeria Wrestling Federation, Daniel Igali, said yesterday that the programme was aimed at upgrading the knowledge of referees to conform with the global best practices in the game.Igali said the course was a great advantage for many wrestling officials who ordinarily would not have been able to sponsor themselves abroad for the event.“We expect 30 Nigerian officials to be upgraded from their respective levels to improved ranks. It is a rare opportunity for our officials to get better and I am sure many of them will be excited to be part of this course,” Igali said.The wrestling championship will have Rivers hosting 25 countries in attendance with a total of 90 wrestlers billed to represent Nigeria. 90 gold medals are available in various categories.Only yesterday, the country’s wrestlers who were camped in Ondo State arrived the Garden City for the championship.The President of the United World Wrestling Africa, Fouad Meskout, on Sunday arrived Port Harcourt, Rivers State to take charge of the competition.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

In relief: Wardwell looks to continue sharp 2nd-half play against Binghamton

first_img Facebook Twitter Google+ Published on April 2, 2014 at 12:02 am Contact Phil: | @PhilDAbb Regardless of the seven saves he made in the first half, Dominic Lamolinara knew what to expect at halftime Saturday.The senior didn’t ask the coaches if he’d return to his spot between the pipes. He asked when Bobby Wardwell wanted to warm up, just like every other break, then strapped his helmet back on and helped his teammate prepare.And when the final horn sounded in Syracuse’s 11-10 win over Notre Dame, Lamolinara led the charge from the sideline onto the field. It didn’t matter to him he had been pulled from the cage after playing a strong first half, because Wardwell replaced him and closed out the Orange’s inaugural Atlantic Coast Conference win with another sturdy second-half outing between the pipes.“After he made that big save at the end,” Lamolinara said, “we got a clear that led to our game-winning goal — that was all Bob. If he doesn’t make that save, it’s a two-goal swing. I think he won us the game on Saturday.”Wardwell will likely receive an opportunity to extend his stretch of solid play when No. 7 Syracuse (5-3, 1-3 ACC) takes on Central New York opponent Binghamton (3-5, 1-0 America East) on Wednesday at 7 p.m. in the Carrier Dome. Although Lamolinara has nearly doubled Wardwell’s minutes on the season, the latter has made a strong case for SU head coach John Desko to continue the platoon system that has worked more often than not for the Orange this year.AdvertisementThis is placeholder text“It’s really the song remains the same,” Desko said. “We’ve played two goalies as much as we’ve felt comfortable doing it this year. We have a lot of confidence in (Wardwell).“He’s been playing well right along and he showed it in the second half against Notre Dame.”At Duke on March 23, Wardwell saved 11 second-half shots and his play was one of the few positives Desko took away from the game. Against the Irish on Saturday, the junior made a trio of saves in the third quarter to help Syracuse take a one-goal edge into the final frame.Although SU pushed its lead to three goals in the fourth, Notre Dame rallied back to knot the score at 10 with 6:29 left.But with the Orange’s ACC tournament hopes hanging in the balance, Wardwell made three saves in a two-minute span down the stretch.On the last save, Wardwell snared an outside shot and then flipped a pass ahead to long-stick midfielder Peter Macartney, which led to the decisive transition goal.“The defense did a really good job of keeping them to the outside for the most part and giving me good shots,” Wardwell said.After Syracuse’s upset of Johns Hopkins on March 15, it appeared Lamolinara had possibly wrestled the job from Wardwell. Lamolinara played all but 27 seconds in SU’s loss to Virginia on March 1, left the game after three quarters with an eight-goal lead against St. John’s a week later and recorded 11 saves in 60 minutes at JHU.But since, Wardwell has forced himself back into the picture by reaping the benefits of picking Lamolinara’s brain at halftime before entering the game.“I think it’s a good system and it’s working,” Wardwell said. “I get to see what’s going on in the first half, how the other team’s riding, what their shooters are doing, what their offense is doing, so you can help the defense adjust.“It’s almost a little easier to prepare, I think, going in in the second half.”After halftime, Wardwell doesn’t have much time to get warmed up for live action, but Jeff Desko and Brenny Daly’s warm-up shots before the start of each second half are enough.Not many other college teams utilize two goalies the way the Orange does, but Lamolinara and Wardwell are just fine with it — as long as the results are to their satisfaction.Said Lamolinara: “I haven’t been on a whole lot of teams where there’s that much support in competing positions. At the end of the day, we just want to win the game.” Commentslast_img read more

Antiguans urged to vote in referendum on CCJ

first_imgThe Caribbean Court of Justice Head of the National Coordinating Committee (NCC), Ambassador Clarence Henry has called on Antiguans to vote in Tuesday’s referendum to decide whether or not to replace the London based Privy Council as the island’s final court. Important national undertakingIn a statement late Saturday, Henry said the country is only hours away “from one of the most important national undertakings. “It is one that has the potential to change the way our people continue to actively engage our independence as a Nation.”He said the response to the consultative process ahead of the referendum “has proven beyond the shadow of a doubt that the people of Antigua and Barbuda are keenly interested in the path to progress we propose to carve on our own, regardless of social and political allegiances.”According to Henry, whatever the perspective brought to the table – whether in favor or not, or somewhere in the middle – the road to the referendum “has been fueled by passion, and an interest in moving the country forward.”Dispelled confusion“I particularly pay homage to the many men and women of the NCC spearheading the public education and sensitization program. We have travelled far and wide spreading information and facts, dispelled confusion and engaged all sides of the discussion. Now on the eve of the referendum, having reviewed the recent poll, the evidence is that outright opposition to accession to the CCJ remains a minority position and that those who stand in the middle, and those who outright support the move, comprise a significant majority.”Polls lean to YES voteHenry made reference to the recently published poll conducted by the Barbados based Caribbean Development Research Services Inc (CADRES), which stated that 62 per cent of 800 people polled support a move to the CCJ.“These findings are reflective of much of the feedback we received during the consultative process. Individuals, villages, communities, faith-based institutions, civil society organizations, private and public sector institutions clearly brought flesh, blood and heart to the issues raised by the multiplicity of awareness-building materials produced by the NCC.”Henry noted that although the CCJ is just 13 years old, it has “an immaculate track record of judgments in all spheres of responsibility – in its Original Jurisdiction and in its Appellate Jurisdiction on civil and criminal matters. It is a modern court employing the latest technologies and staffed by regional professionals of the highest caliber.”“It currently serves as a court of Original Jurisdiction for all CARICOM States, including Antigua and Barbuda, on matters related to obligations under the Revised Treaty of Chaguaramas.  In this sense, our country already has the CCJ. The Court is in fact a part of our judicial system and has been since day one, 13 years ago.”The right to determine national destiny He added that the decision comes at a time when Antiguans assert the right to determine their own destiny.“We have chosen our governments through democratic means, and preserved the integrity of the executive, legislative and judicial arms of the state. We have grown up. The question of November 6 is therefore not one that fundamentally challenges the systems in place to assure our continued independence, but one that places in context our development and provides us with an opportunity to continue growing as a Nation.”last_img read more